117 ANNUAL REPORT 2024 MANAGEMENT’S ASSURANCE The Board has satisfactorily received reasonable assurance from the Group CEO and Group CFO, representing the Management, that the Group’s risk management and internal control system has been operating adequately and effectively in all material aspects for the financial year under review and up to the date of approval of this statement, based on the adopted risk management and internal control system by the Group. During the financial year under review, no significant internal control deficiencies or material weaknesses resulting in material losses, contingencies or uncertainties would require separate disclosure in this Annual Report. As such, the Board is satisfied that nothing has come to their attention which may render the financial results presented and information provided to be false and misleading in any material aspect. CONCLUSION The Board believes that the existing risk management and internal control system in place aligns well with the Group’s business objectives and that the risks taken are within the Group’s risk appetite and tolerance level. Hence, the Group’s risk management and internal control system is deemed adequate and sufficient to safeguard shareholders’ investments, stakeholders’ interests as well as the Group’s assets. The Board acknowledges that the Group's risk management and internal control system must be constantly strengthened in order to align with the evolving business environment. Therefore, the Board, together with the Management, strives to continuously improve and enhance the Group's risk management and internal control system. This Statement on Risk Management and Internal Control was approved by the Board on 15 April 2025. STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL (cont’d)
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