144 YINSON HOLDINGS BERHAD GOVERNANCE BOARD’S COMMENTARY For the financial year under review and up to the date of approval of this statement for inclusion in the Annual Report, the Board considers the system of risk management and internal controls described in this Statement to be satisfactory and has not led to any material losses, contingencies, or uncertainties, ensuring that risks are reasonably managed within the context of the Group’s business environment. The Board is not aware and nor has it been made aware of any material weaknesses or lapses in the internal control system of the Group occurring within the financial year under review and up to the date of approval of this statement for inclusion in the annual report. The Board has received assurance from the CEO and Group Chief Financial & Strategy Officer that the Group’s risk management and internal control system is operating adequately and effectively in all material aspects, based on the risk management and internal control systems of the Group. The Board and MSC also confirm that having reviewed the audited financial statement for FY2025 on 29 May 2025, no adverse auditor opinion or material restatements were observed for the financial year ending 31 January 2025. The Board and MSC will continue to take measures to strengthen the Group’s risk management and internal control system. REVIEW OF THE STATEMENT BY EXTERNAL AUDITORS As required by Paragraph 15.23 of the Listing Requirements, the external auditors have reviewed this Statement under the scope set out in the Audit and Assurance Practice Guide (“AAPG”) 3: Guidance for Auditors on Engagements to Report on the Statement on Risk Management & Internal Control included in the Annual Report issued by the Malaysian Institute of Accountants (“MIA”). AAPG 3 does not require the external auditors to consider whether this Statement covers all risks and controls or to form an opinion on the adequacy and effectiveness of the risk management and internal control systems of the Group, including the assessment and opinion by the Board of Directors and management thereon. The external auditor is also not required to consider whether the processes described to deal with material internal control aspects of any significant problems disclosed in the annual report will, in fact, remedy the issues. This Statement on Risk Management & Internal Control was made per a resolution of the Board on 29 May 2025.
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