statement on risk management and internal control All idenঞfied risks are displayed on a risk matrix based on their risk ranking to assist the Management in prioriঞsing their efforts and appropriately managing the different classes of risks. RISK RATING SCALE – 5 BY 5 MATRIX IMPACT 1. CATASTROPHIC 2. MAJOR 3. MODERATE 4. MINOR 5. INSIGNIFICANT LIKELIHOOD OF OCCURENCE 1. RARE/REMOTE 2. UNLIKELY 3. POSSIBLE 4. LIKELIHOOD 5. ALMOST CERTAIN LOW MODERATE SIGNIFICANT HIGH RISK CATEGORY AND RISK APPETITE RISK CATEGORY GENERAL RISK APPETITE Operational The Company aempts to minimise the impact of unforeseen disrupঞon on its operaঞng acঞviঞes Financial The Company has a conservaঞve and sound framework of financial policies and procedures to prevent risks that could have a significant impact on the financial results and material misstatements in its financial statements reporঞng. Eg: Gearing raঞos Compliance & Governance The Company applies a zero-tolerance policy Strategic The Company is prepared to take a certain degree of calculated risks relaঞng to the realisaঞon of its performance objecঞves and long-term goals MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 134 06 OUR GOVERNANCE
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