ABOUT THIS REPORT CORPORATE GOVERNANCE REPORT 2023 (“CG2023”) CG2023 demonstrates how Matrix has complied with the prescribed practices of the Malaysia Code of Corporate Governance 2021 (“MCCG 2021”). This includes the Group’s upholding of transparency, accountability and corporate governance and ethics, the existence of internal frameworks and controls for the management and mitigation of risks, audit processes and checks and balance systems implemented for separation of powers, processes and shareholder involvement in the election and re-election of directors as well as how the Group ensures that the rights of minority shareholders are preserved. REPORT SCOPE AND BOUNDARY Matrix’s IAR2023 covers the period of 1 April 2022 to 31 March 2023. Disclosures, where possible, are presented over 3-5 year time frames to represent industry / performance trends. The last report published was in 27 July 2022 for the period of 1 April 2021 to 31 March 2022. Boundary is set to all operating entities under Matrix based on the method of equitation control, that is all entities in which Matrix has a majority equity shareholding and hence, is directly responsible for business strategies and operations of said entity. The full list of companies included in this Report are provided in the Group Corporate Structure section. Exclusions include operations in Indonesia where Matrix is minority joint-venture partner. Due to data limitations, operations from Australia have been largely omitted but will be included in future integrated reporting as data collection improves. INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 5
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