The Board of Directors (“the Board”) of Wasco Berhad (formerly known as Wah Seong Corporation Berhad) (“WASCO” or “the Company”) recognises the importance of practising and upholding good corporate governance in discharging its duties and responsibilities towards enhancing business prosperity, corporate accountability, sustainability and realising and creating ongoing values for its shareholders and stakeholders. Hence, the Board is pleased to present an overview of the extent of the application and compliance of WASCO and its Group with the relevant principles and practices of the Malaysian Code on Corporate Governance (“MCCG 2021”) issued by the Securities Commission Malaysia (“SC”) on 28 April 2021, the Guidelines on Conduct of Directors of Listed Corporations and Their Subsidiaries issued by SC on 30 July 2020 and revised on 12 April 2021 (“SC Guidelines on Conduct of Directors”) as well as the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”).