05 / HOW WE ARE GOVERNED 01 02 03 04 06 07 08 09 125 CORPORATE GOVERNANCE OVERVIEW STATEMENT ADDITIONAL INFORMATION Audit and Non-Audit Fees The details of the audit and non-audit fees payable to the External Auditors, EY and its affiliates, for the FYE 31 December 2025 are provided below. Group (RM) KIBB (RM) Statutory Audit 579,700 380,000 Audit/ Assurance Related 59,195 59,195 Non-Audit Fees – EY Assurance Team 81,500 39,500 Non-Audit Fees – EY Tax Team 0 0 Total Non-Audit 81,500 39,500 Grand Total 720,395 478,695 Related Party Transactions (“RPTs”) and Recurrent Related Party Transactions (“RRPTs”) RPTs and/ or RRPTs entered into by the Company and/ or KIBB Group are reviewed by the AC during its quarterly meetings to ensure compliance with the MMLR of Bursa Malaysia. The AC is required to review the RPTs and RRPTs to ensure that they are monitored and conducted in a manner that is fair and at arms’ length basis, with the terms not to the detriment of minority shareholders and in the best interest of the Company and/or KIBB Group. Material Contracts Involving Interests of Directors, GMD or Major Shareholders There was no material contract entered into by the Company or its subsidiary companies involving the interests of the Directors, the GMD or Major Shareholders which still subsisted at the end of the FYE 31 December 2025. Utilisation of Proceeds Raised from Corporate Proposals On 11 June 2025, the Company had established the AT1CS Programme of up to RM500 million in nominal value. On 22 August 2025, the Company had issued RM40,000,000 of AT1CS under the programme. The proceeds from the issuance of the AT1CS Programme are being utilised by the Company for working capital, capital expenditure requirements and/or general corporate purposes. The proceeds from the previous issuance of Subordinated Notes under the RM250 million in nominal value Tier 2 Subordinated Note Programme which was established on 27 March 2017 are being utilised by the Company for working capital requirement. The Company had fully redeemed the tranche 4 and tranche 5 of its Subordinated Notes with nominal value of RM50.0 million and RM47.0 million on 20 March 2025 and 28 August 2025, respectively. Details on the outstanding Subordinated Notes under the programmes are set out under Note 26 of the Financial Statements section appearing on page 264 of this Integrated Annual Report 2025.
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