160 AUDIT COMMITTEE REPORT (cont’d) SUMMARY OF ACTIVITIES UNDERTAKEN BY THE AC %VSJOH ': UIF "$ EJMJHFOUMZ EJTDIBSHFE JUT PWFSTJHIU SFTQPOTJCJMJUJFT JO BDDPSEBODF XJUI ..-3 PG #VSTB 4FDVSJUJFT UIF .$$( BOE 5FSNT PG 3FGFSFODF PG UIF "$ 5IF LFZ BDUJWJUJFT VOEFSUBLFO JODMVEFE Financial Reporting *O PWFSTFFJOH UIF (SPVQ T àOBODJBM SFQPSUJOH QSPDFTT UIF "$ DPOEVDUFE EFUBJMFE BTTFTTNFOUT PG CPUI UIF VOBVEJUFE quarterly financial results and the annual audited financial statements (“Financial Reports”). These reviews were EFTJHOFE UP WFSJGZ TUSJDU BEIFSFODF UP .BMBZTJBO 'JOBODJBM 3FQPSUJOH 4UBOEBSET *OUFSOBUJPOBM 'JOBODJBM 3FQPSUJOH 4UBOEBSET BOE SFMFWBOU SFHVMBUPSZ HVJEFMJOFT 1SJPS UP TVCNJTTJPO UP UIF #PBSE GPS BQQSPWBM UIF "$ FOHBHFE JO UIPSPVHI EFMJCFSBUJPOT XJUI .BOBHFNFOU BOE UIF &YUFSOBM "VEJUPST TDSVUJOJ[JOH DSJUJDBM BDDPVOUJOH QPMJDJFT TJHOJàDBOU KVEHFNFOUT BOE LFZ FTUJNBUFT UP FOTVSF UIF GBJSOFTT SFMJBCJMJUZ BOE DPNQMFUFOFTT PG UIF àOBODJBM EJTDMPTVSFT 5IJT structures review process facilitated the timely and accurate submission of the Group’s financial statements to Bursa 4FDVSJUJFT SFJOGPSDJOH UIF (SPVQ T DPNNJUNFOU UP BDDPVOUBCJMJUZ BOE IJHI TUBOEBSET PG àOBODJBM JOUFHSJUZ Annual Report 5IF "$ QMBZFE B QJWPUBM SPMF JO SFWJFXJOH UIF "OOVBM 3FQPSU FOTVSJOH UIBU BMM EJTDMPTFE DPNQPOFOUT NFU SFHVMBUPSZ FYQFDUBUJPOT BOE CFTU QSBDUJDFT 5IJT JODMVEFE BO JO EFQUI FWBMVBUJPO PG UIF "VEJU $PNNJUUFF 3FQPSU 4VTUBJOBCJMJUZ 4UBUFNFOU $PSQPSBUF (PWFSOBODF 0WFSWJFX $PSQPSBUF (PWFSOBODF 4UBUFNFOU $PSQPSBUF (PWFSOBODF 3FQPSU %JSFDUPST 3FTQPOTJCJMJUZ 4UBUFNFOU BMPOHTJEF UIF BOOVBM BVEJUFE àOBODJBM TUBUFNFOUT PG UIF (SPVQ &BDI TFDUJPO XBT FYBNJOFE GPS DPOTJTUFODZ DPNQMFUFOFTT BOE BMJHONFOU XJUI #VSTB 4FDVSJUJFT EJTDMPTVSF SFRVJSFNFOUT BOE .$$( SFDPNNFOEBUJPOT 5ISPVHI UIJT DPNQSFIFOTJWF SFWJFX UIF "$ FOTVSFE UIBU UIF "OOVBM 3FQPSU QSPWJEFE TUBLFIPMEFST XJUI B USBOTQBSFOU BDDVSBUF BOE IPMJTUJD WJFX PG UIF (SPVQ T HPWFSOBODF GSBNFXPSL àOBODJBM QFSGPSNBODF BOE sustainability initiatives. External Audit The Audit Committee exercised rigorous oversight of the external audit process throughout FY2024. Prior to DPNNFODFNFOU PG UIF BOOVBM BVEJU UIF "$ SFWJFXFE BOE BQQSPWFE UIF "VEJU 1MBOOJOH .FNPSBOEVN QSFTFOUFE CZ UIF FYUFSOBM BVEJUPST FOTVSJOH DMFBS BMJHONFOU CFUXFFO UIF QSPQPTFE BVEJU TDPQF PCKFDUJWFT BOE UIF (SPVQ T PQFSBUJPOBM and financial reporting requirements. This preliminary review enabled the Committee to evaluate the appropriateness PG UIF BVEJU NFUIPEPMPHZ SJTL BTTFTTNFOU BOE NBUFSJBMJUZ UISFTIPMET XIJMF DPOàSNJOH DPWFSBHF PG BMM DSJUJDBM àOBODJBM areas. %VSJOH UIF BVEJU DZDMF UIF "$ NBJOUBJOFE SFHVMBS FOHBHFNFOU XJUI UIF FYUFSOBM BVEJUPST UISPVHI TUSVDUVSFE QSPHSFTT VQEBUFT 5IF $PNNJUUFF QBSUJDVMBSMZ WBMVFE JUT QSJWBUF NFFUJOHT XJUI UIF BVEJUPST DPOEVDUFE XJUIPVU UIF QSFTFODF PG executive Board members and Senior Management. These exclusive sessions fostered open discussions on sensitive BVEJU NBUUFST FNFSHJOH BDDPVOUJOH JTTVFT BOE QPUFOUJBM BSFBT PG DPODFSO UIFSFCZ TUSFOHUIFOJOH UIF RVBMJUZ BOE independence of the audit process. The AC conducted a thorough evaluation of the Audit Review Memorandum containing the auditors’ findings and PCTFSWBUJPOT 5IJT JODMVEFE EFUBJMFE FYBNJOBUJPO PG TJHOJàDBOU BDDPVOUJOH KVEHFNFOUT LFZ BVEJU NBUUFST BOE BOZ control deficiencies identified during the audit process. The Committee ensured that management implemented appropriate corrective actions for all material findings. *O VQIPMEJOH UIF IJHIFTU TUBOEBSET PG BVEJU JOEFQFOEFODF UIF "$ QFSGPSNFE JUT BOOVBM BTTFTTNFOU PG UIF FYUFSOBM BVEJUPST PCKFDUJWJUZ DPNQFUFODF BOE FGGFDUJWFOFTT 5IJT FWBMVBUJPO DPOTJEFSFE UIF BVEJUPST UFDIOJDBM FYQFSUJTF SFTPVSDF BMMPDBUJPO BVEJU RVBMJUZ JOEJDBUPST BOE DPNQMJBODF XJUI UIF .BMBZTJBO *OTUJUVUF PG "DDPVOUBOUT #Z -BXT PO JOEFQFOEFODF 5IF FYUFSOBM BVEJUPST QSPWJEFE XSJUUFO DPOàSNBUJPO PG UIFJS JOEFQFOEFODF UISPVHIPVU UIF FOHBHFNFOU which the AC verified through its own independent checks. 1SJPS UP SFDPNNFOEJOH UIF BVEJUPST SF BQQPJOUNFOU UP UIF #PBSE UIF "$ DPOEVDUFE B SJHPSPVT SFWJFX PG UIF BVEJU GFF QSPQPTBM CFODINBSLJOH JU BHBJOTU JOEVTUSZ TUBOEBSET XIJMF FOTVSJOH JU SFáFDUFE UIF TDPQF BOE DPNQMFYJUZ PG the engagement. The Committee satisfied itself that the proposed fees would not compromise audit quality or JOEFQFOEFODF BOE SFQSFTFOUFE GBJS WBMVF GPS UIF (SPVQ
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