Kimlun Corporation Berhad Annual Report 2024

Stakeholders Mode of Engagement Frequency of Engagement Key Sustainability Issues or Areas of Interest Local Community • Corporate social responsibility initiatives • Regularly • Corporate citizenship • Contribution to the community • Local hiring and sourcing • Regularly MATERIALITY ASSESSMENT At Kimlun Group, we recognise that our key material matters significantly influence our ability to create lasting value for our stakeholders. The Company determines the materiality matters through a materiality assessment process performed at least once every two to three years. Based on the material assessment results from FY2023, the Management of Kimlun has decided to consolidate several matters into one for better management of such topics. These topics include Industrialised Building System, Sustainable Materials, Quality and Cost Management, Energy Management and Water Management. As a result of this review, we have streamlined our material matters into 10 key material topics. The Board has reviewed the refreshed material topics and subsequently approved the changes. The comprehensive materiality assessment conducted in FY2023 has been revalidated in the current reporting year. Online survey questionnaires were distributed to Kimlun’s stakeholders to gather updated insights and perspectives, ensuring that the Group’s sustainability efforts continue to address the most pressing and impactful sustainability issues. Kimlun Group’s materiality assessment process is outlined here: The results of the survey were then used to derive a refreshed Materiality Matrix, aligning the Company’s sustainability strategy with evolving stakeholder expectations, industry developments and business requirements. SUSTAINABILITY STATEMENT PHASE 1 Identification of Material Matters PHASE 3 Review and Validation of Material Matters The Materiality Matrix was reviewed by the various Sustainability Steering teams and Executive Committee and subsequently tabled to the Board for approval. PHASE 2 Assessment and Prioritisation of Material Matters Online survey questionnaires were distributed to Kimlun Group’s stakeholders to gather updated insights and perspectives. The results of the survey was used to derive a refreshed Materiality Matrix based on sustainability matters crucial to stakeholders and business operations. The Group has reviewed the FY2023 identified Material Sustainability Matters based on Bursa Malaysia’s mandatory common indicator and identified material matters for consolidation to provide a more comprehensive and streamlined approach. 030

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