67 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD Anti-Bribery, Anti-Corruption, and AntiMoney Laundering MST Golf upholds strict anti-bribery, corruption, and money laundering (ABCML) standards to ensure ethical governance and financial integrity. As a golf retailer engaged in highvalue transactions and partnerships, strong governance is essential to preventing misconduct and building stakeholder trust. Governance and Oversight The Governance, Risk, and Sustainability Committee (GRSC) oversees ABCML risks, reviewing the risk register on bribery, corruption, and financial integrity biannually during the GRSC meetings. In 2024, 100% of the Group’s operations were assessed for ABCML risks, ensuring compliance with ABCML regulations. While independent audits of high-risk transactions have not been conducted, the GRSC ensures that ABCML risks are proactively monitored and addressed in alignment with regulatory expectations and corporate ethics standards. Bribery, Corruption, and Money Laundering Risk Assessment 2023 2024 Number Percentage Number Percentage Operations Assessed for Bribery, Corruption, and Money Laundering Risks 19 100% 19 100% In 2024, MST Golf maintained its zero-tolerance stance on unethical conduct by reinforcing the Anti-Bribery and Corruption Policy and introducing a new Group-wide Anti-Money Laundering Policy for all stakeholders. To strengthen accountability, we maintained an anonymous whistleblowing platform, reviewed by an independent ethics panel, for stakeholders to report financial misconduct or unethical business practices. In 2024, there were zero reported cases related to ABCML, reflecting the Group’s commitment to ethical business practices. Confirmed Incidents of Bribery, Corruption, or Money Laundering 2023 2024 Total number of confirmed incidents of bribery, corruption, or money laundering 0 0
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