20 SECTION 04 : CORPORATE GOVERNANCE PRINCIPLE A: BOARD LEADERSHIP AND EFFECTIVENESS (CONT'D) III. Remuneration The BNRC is responsible for reviewing and recommending to the Board an appropriate remuneration framework and remuneration packages for the Directors to ensure that the Group is able to attract, motivate and retain Directors of the necessary caliber, experience, knowledge and quality required to lead and manage the Group effectively. In determining the remuneration of Executive Director, the BNRC takes into consideration the principles recommended by the MCCG 2021, whereby remuneration is structured to align rewards with the Group’s performance. The remuneration of the Non-Executive Directors is determined based on their experience, level of responsibilities and contribution to the Company. The determination of the remuneration of the Non-Executive Directors is a matter reserved for the Board and individual Directors do not participate in decisions regarding their own remuneration package and are subject to the prior approval of shareholders at the Annual General Meeting (“AGM”). The Company also reimburses reasonable expenses incurred by the Non-Executive Directors in the course of discharging their duties. During the financial year ended 31 March 2026, the BNRC considered and recommended the remuneration of the Non-Executive Directors for shareholders’ approval at the Company’s 33rd AGM. The Board has adopted a Remuneration Policy for Directors and Senior Management, which outlines the principles for determining and recommending an appropriate level of remuneration for the Directors and Senior Management. The policy is available on the Company’s website at www.enra.my. Details of the remuneration of the Directors for FYE 2026 are disclosed under Practice 8.1 of the CG Report. PRINCIPLE B – EFFECTIVE AUDIT AND RISK MANAGEMENT I. Audit, Risk Management and Sustainability Committee The Board has established the ARMSC to provide robust and comprehensive oversight of the Group’s financial reporting, external audit, internal audit, risk management and sustainability matters. As at 30 June 2026, the ARMSC comprises two (2) members, both of whom are Independent Non-Executive Directors, following the resignation of Dato’ Wee Yiaw Hin from the ARMSC during the FYE 2026. The Company has obtained an extension of time from Bursa Securities to comply with Paragraph 15.09(1)(a) of the MMLR in relation to the composition of the ARMSC. The Company also complies with Practice 9.1 of the MCCG 2021, whereby the Chairman of the ARMSC is not the Chairman of the Board. In compliance with Paragraph 15.09 (1)(c) (i) of the MMLR of Bursa Securities, one (1) member of the ARMSC is a member of the Malaysian Institute of Accountants (“MIA”) and a qualified Chartered Accountant with the Institute of Chartered Accountants in England and Wales (ICAEW). The Board is committed to upholding the integrity of the Company’s financial reporting . In this regard, the Board, through the ARMSC, has established procedures to assess the suitability, objectivity and independence of the external auditors. These procedures include obtaining written assurance from the external auditors confirming that they are, and have been, independent throughout the conduct of the audit engagement with the Company in accordance with the independence criteria set out by the MIA. The ARMSC has met with the external auditors without the presence of the Executive Directors and Management twice during the FYE 2026. The ARMSC is satisfied that the provision of non-audit services by Messrs. BDO PLT to the Group during FYE 2026 did not in any way impair the firm’s objectivity and independence in carrying out its responsibilities as external auditors of the Company. On an annual basis, the ARMSC reviews and monitors the suitability, objectivity and independence of the external auditors. The ARMSC is satisfied with the competence and independence of the external auditors and recommended the re-appointment of Messrs. BDO PLT as external auditors for shareholders’ approval at the 34th AGM. Corporate Governance Overview Statement (Cont’d)
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