KENANGA INVESTMENT BANK BERHAD 150 INTEGRATED ANNUAL REPORT 2025 AUDIT COMMITTEE REPORT For Announcement to Bursa Malaysia Together with the Announcement of KIBB’s Integrated Annual Report 2024 At the same meeting, the AC had also granted its concurrence on the Chairman’s Message, the Group Managing Director’s Management Discussion & Analysis Statement, Value Creation Model, Economic Review, as well as the Strategic Framework for incorporation into KIBB’s Integrated Annual Report 2024. The AC’s recommendation was subsequently approved by the Board of KIBB on 4 March 2025 and 14 March 2025 respectively. List of Disciplinary Actions Meted Out on Employees’ Misconducts within KIBB Group The list of disciplinary actions meted out on KIBB Group’s employees who had committed misconduct was tabled by Group Human Resource for the AC’s notation at its meetings held on 23 January 2025, 22 April 2025, 24 July 2025 and 23 October 2025. Post Approval Review by Independent Credit Review Unit (“ICR”) Pursuant to Paragraph 17.5 of BNM’s Policy Document on Credit Risk, the outcomes of independent credit reviews are required to be escalated directly to the Board Risk Committee, Board Audit Committee and Senior Management. In fulfilling the aforementioned requirement, ICR of Group Risk Management, upon completion of its reviews, would table its review reports to the AC for its deliberation. In this regard, during 2025, the AC had deliberated on the following review reports tabled by ICR: Date of AC Meeting Titles of Review Report 22 April 2025 Post Approval Review of Kenanga Capital Sdn Bhd’s Loans 24 July 2025 Post Approval Review of Share Margin Financing During its deliberation, the AC had taken note of the findings raised by ICR arising from the respective reviews, as well as the recommendations made by ICR together with Management’s action plans in addressing those findings. Integrity, Regulatory and Governance KIBB Group had implemented numerous policies to facilitate its adherence to the Guidelines on Adequate Procedures issued pursuant to Section 17A (5) of the Malaysian Anti-Corruption Commission Act 2009, and to keep abreast with the best practices and high standards of ethics and integrity. These policies include the following: Pursuant to the Group Conflict Management Policy (and the Guidance on Conflict of Interest), the Register of Conflict of Interest would be maintained by three (3) departments, namely Group Company Secretarial, Group Compliance and Group Human Resource, to capture the conflict of interest within KIBB Group in respect of the Board members, Business Units and employees and the same would be submitted to GBEI for consolidation. In line with the requirement specified in the aforesaid policies, the information in relation to actual or potential conflicts, non-commercial sponsorships received, gifts, entertainment and hospitality, which fell within the scope of these policies will be compiled and the relevant report will be tabled by GBEI to the AC for its notification on an annual basis. Sustainability Report CG Report 3.7 3.8 3.9 a Group Conflict Management Policy Group Incoming NonCommercial Sponsorship Policy Group Gifts, Entertainment and Hospitality Policy
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