AUDIT COMMITTEE REPORT The Board of Directors of Matrix Concepts Holdings Berhad (“Matrix” or “the Company”) is pleased to present the report on the Audit Committee (the “Committee”) of the Board for the financial year ended 31 March 2025 (“FY2025”). OBJECTIVE The Commiee was established in line with the Main Market Lisঞng Requirements (“Lisঞng Requirements”) of Bursa Malaysia Securiঞes Berhad (“Bursa Malaysia”) to act as a Commiee of the Board to fulfill its fiduciary responsibiliঞes in accordance with its Terms of Reference and to assist the Board in reviewing the adequacy and integrity of the Group’s financial administraঞon and reporঞng as well as internal control. A MEMBERS OF THE AUDIT COMMITTEE The Commiee consists of the following five (5) members, who each saঞsfy the “independence” requirements contained in the Lisঞng Requirements of Bursa Malaysia:- • Mazhairul Bin Jamaludin - Chairman Senior Independent Non-Executive Director • Chua See Hua - Member Independent Non-Executive Director • Loo See Mun – Member Independent Non-Executive Director • Vijayam A/P Nadarajah - Member Independent Non-Executive Director • Datuk Seri Kamaludin Bin Md Said - Member Independent Non-Executive Director During FY2025, two (2) members of the Commiee, namely Dato’ Hon Choon Kim and Dato’ Hajah Kalsom Binঞ Khalid had completed their 9-year tenure and has vacated their directorship and ceased as members of the Commiee. They have since been replaced by Ms Vijayam A/P Nadarajah and Datuk Seri Kamaludin Bin Md Said respecঞvely. B SUMMARY ON KEY SCOPE OF RESPONSIBILITIES The Commiee operates under a wrien Audit Commiee’s Terms of Reference containing provisions that address requirements imposed by Bursa Malaysia. That Terms of Reference is posted on the Corporate Governance secঞon of the Company’s websites at www.mchb.com.my. The Terms of Reference prescribes the Commiee’s oversight of financial compliance maers in addiঞon to a number of other responsibiliঞes that the Commiee performs. Those key responsibiliঞes include, among others:- • Overseeing the financial reporঞng process and integrity of the Group’s financial statements; • Evaluaঞng the independence and appraisal of external auditors; • Evaluaঞng the performance and process of the Group’s internal audit funcঞon and external auditors; • Overseeing the Group’s system of internal controls and risk management that the management and the Board have established; • Assessing the Group’s pracঞces, processes and effecঞveness; • Reviewing conflict of interest situaঞons and related party transacঞons of the Group; and • Reviewing any significant maers highlighted including financial reporঞng issues, significant judgements made by management, significant and unusual events or transacঞons, and how these maers are addressed. C DESCRIPTION OF DUTIES PERFORMED BY THE COMMITTEE The Commiee report provides an overview of the duঞes that the Commiee carried out during the year, including the significant issues considered in relaঞon to the financial statements and how the Commiee assessed the effecঞveness of the external auditors. The Commiee has a responsibility to oversee the Group’s internal control. The Commiee conঞnues to monitor and review the effecঞveness of the Group’s internal control with the support of Group’s Internal Audit Funcঞon (“IAF”). The Commiee has an annual work plan, to review standing items that the Commiee considers at each meeঞng, in addiঞon to any maers that arise during the year. 127 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 06 OUR GOVERNANCE
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