01 | ABOUT NEXG 02 | OUR LEADERSHIP 03| OUR PERSPECTIVE 04 | SUSTAINABILITY 05 | GOVERNANCE 06 | FINANCIAL STATEMENTS 07 | OTHER INFORMATION Governance This report covers the activities of the Audit and Risk Management Committee (“ARMC”) for the financial year ended 31 March 2026 and provides an overview of the manner in which the ARMC discharged its functions, roles and responsibilities for the Group during the financial year. The ARMC comprises of four (4) members, with a majority being Independent Non-Executive Directors in compliance with paragraphs 15.09(1)(a) and (b) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. The Chairperson of the ARMC, Ms Michelle Yong Voon Sze is a fellow member of the Association of Chartered Certified Accountants (“FCCA”), a member of the Malaysian Institute of Accountants (“MIA”), a member of the Chartered Tax Institute of Malaysia (“CTIM”), a member of ASEAN CPA as well as a Licensed Auditor by the Ministry of Finance which further complies with paragraph 15.09 (1)(c)(i) of the MMLR. The ARMC held four (4) meetings during the financial year ended 31 March 2026. The attendance of members at the meetings is set out below: The attendance record reflects the following developments during the financial year in a period of boardroom transition during the Group’s ongoing restructuring: In compliance with paragraph 15.20 of the Main Market Listing Requirements and the Malaysian Code of Corporate Governance, the Board reviewed the terms of office and performance of the ARMC and each of its members through an annual effectiveness evaluation carried out by the Nomination and Remuneration Committee in May 2026. COMPOSITION AND ATTENDANCE Ms Michelle Yong Voon Sze resigned from her position on 28 August 2025 and was subsequently reappointed as Chairperson on 13 March 2026. Dato' Che Nazli binti Jaapar resigned as a member on 18 November 2025. Encik Azrul bin Yahaya resigned as a member on 28 May 2025. Dato' Sri Mohd Sopiyan bin Mohd Rashdi resigned as a Chairman on 15 October 2025. Dato’ Ibrahim bin Abdullah resigned as a member on 20 November 2025. Mr Aswath A/L Ramakrishnan resigned as a member on 11 March 2026. Encik Mohamed Fairuz bin Mohamed Fauzy resigned as a member on 11 March 2026. Dato’ Ts. Dr. Haji Amirudin bin Abdul Wahab, Dato’ Sri Muthanna bin Abdullah, and Dato’ Dr. Anas bin Alam Faizli were appointed to the ARMC on 13 March 2026, subsequently Dato’ Sri Muthanna bin Abdullah resigned as a member on 1 April 2026. (1) (2) (3) (4) (5) (6) (7) (8) Audit and Risk Management Committee Member Designation Number of Meetings Attended Ms Michelle Yong Voon Sze Chairperson, Independent NonExecutive Director 2/2(1) Dato’ Che Nazli binti Jaapar Member, Independent NonExecutive Director 2/2(2) Encik Azrul bin Yahaya Member, Non- Independent Non- Executive Director 1/1(3) Dato’ Ibrahim bin Abdullah Member, Independent NonExecutive Director 1/1(5) Mr Aswath A/L Ramakrishnan Member, Independent NonExecutive Director 2/2(6) Encik Mohamed Fairuz bin Mohamed Fauzy Member, Independent NonExecutive Director 2/2(7) Dato’ Ts. Dr. Haji Amirudin bin Abdul Wahab Member, Independent NonExecutive Director 0/0(8) Dato’ Sri Muthanna bin Abdullah Member, Independent NonExecutive Director 0/0(8) Dato’ Dr. Anas bin Alam Faizli Member, Independent NonExecutive Director 0/0(8) Dato' Sri Mohd Sopiyan bin Mohd Rashdi Chairman, Independent NonExecutive Director 0/0(4) Audit and Risk Management COMMITTEE REPORT 117
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