FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2025 62 STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL (CONT’D) BOARD’S COMMENTS ON THE ADEQUACY AND OPERATING EFFECTIVENESS OF THE GROUP’S RISK MANAGEMENT AND INTERNAL CONTROL SYSTEM The Board, assisted by its Audit Committee, has reviewed the adequacy and operating effectiveness of the Group’s risk management and internal control system. The Board is of the view that the system of risk management and internal control, in place for the financial year under review and up to the date of approval of this Statement, is sound and sufficient to safeguard the interest of shareholders, customers, employees and the Group’s assets. ASSURANCE BY THE GROUP CHIEF EXECUTIVE OFFICER AND THE GROUP CHIEF FINANCIAL OFFICER The Board has received assurance in writing from the Group Chief Executive Officer and the Group Chief Financial Officer stating that the Group’s risk management and internal control system operated adequately and effectively, in all material aspects, for the financial year under review and up to the date of this Statement. The Board is not aware of any material losses, contingencies or uncertainties arising from weaknesses in internal control that would require disclosure in the Annual Report. REVIEW OF STATEMENT BY THE EXTERNAL AUDITORS Pursuant to Paragraph 15.23 of Bursa Securities’ Main Market Listing Requirements, the external auditors have reviewed this Statement for inclusion in the Company’s Annual Report for the financial year ended 31 December 2025. The external auditors have reported to the Board that, based on their review procedures performed and evidence obtained, nothing has come to their attention that cause them to believe that this Statement intended to be included in the Annual report is not prepared, in all material respects, in accordance with the disclosures required by Section 7 of the Statement on Risk Management and Internal Control: 2025 Guidelines for Directors of Listed Issuers to be set out, nor is the Statement factually inaccurate. This Statement is issued in accordance with the resolution of the Board of Directors dated 24 March 2026.
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