GOVERNANCE AUDIT COMMITTEE REPORT The Board is pleased to present the Audit Committee (“AC”) Report for the financial year ended 31 December 2022. AUDIT COMMITTEE MEMBERS AND MEETINGS AC Members The AC is comprised of three (3) members, majority of whom are Independent Non-Executive Directors and one of the members is a member of the Malaysian Institute of Accountant. The AC meets the requirements set forth in paragraph 15.09(1) of the MMLR of Bursa Securities. No alternate director is appointed as a member of the AC. During the FY2022, the AC members are as follows: Name of AC Members Position Wong Kok Chau Chairman, Independent Non-Executive Director Datuk Mohd Jimmy Wong Bin Abdullah Member, Non-Independent Non-Executive Director Mohaini Binti Mohd Yusof Member, Independent Non-Executive Director All members of the AC possess financial literacy and are capable of analyzing and interpreting financial statements in order to effectively fulfill their duties, roles, and responsibilities for the Company. AC Meetings During the FY2022, the AC held a total of five (5) meetings. The meetings were organized in a well-structured manner. Each meeting was preceded by agendas that were distributed to all members of the AC with ample notification. The agendas were comprehensive, providing detailed information on the matters to be discussed and addressed thoroughly during the meeting. The attendance of the AC members during the FY2022 are as follows: Name of AC Members Meetings attended Wong Kok Chau 5/5 Datuk Mohd Jimmy Wong Bin Abdullah 5/5 Mohaini Binti Mohd Yusof 5/5 Details of the members of the AC are contained in the Profile of Directors as set out from pages 29 to 35 of this Annual Report. The Company Secretaries or their representatives were in attendance for every meeting. Representatives of the external auditors, outsourced internal auditors and the Senior Management were invited to specific meetings in order to facilitate direct communication and to provide clarifications on audit issues, internal controls and Group operations. In order to keep all members of AC informed as well as to ensure transparency and accountability, the Minutes of each AC meeting were disseminated electronically and in hardcopy to all the members of AC and the Board. The Chairman of the AC provided reports to the Board on key matters discussed during the AC meetings. 133
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