The Board of Directors (the “Board”) is pleased to present the Audit Committee (“AC”) Report, which provides insights into how the AC discharged its functions for the Company and its subsidiaries (“DNeX Group”) for the financial period from 1 July 2022 to 31 December 2023 (“financial period ended 31 December 2023”). COMPOSITION AND MEETING ATTENDANCE The composition and meeting attendance of the AC and the changes that took place during the financial period ended 31 December 2023 are as detailed below: Directors Designation Number of meetings attended Tun Noor Shahya bt Tun Abdul Razak[1] Chairman 11/11 Datuk Johar bin Che Mat Member 10/11 Tan Sri Acryl Sani bin Haji Abdullah Sani[2] Member 1/1 Muhammad Radhi bin Azizan[3] Member 10/10 Notes: [1] Member of the Malaysian Institute of Accountants. [2] Appointed as the member of the AC of the Company with effect from 1 September 2023. [3] Resigned as the member of the AC of the Company with effect from 17 November 2023. Since the resignation of Encik Muhammad Radhi bin Azizan on 17 November 2023, the composition of the AC consists solely of Independent Non-Executive Directors, who are qualified individuals with the required skills and expertise to discharge the AC’s functions and duties which complies with Paragraph 15.09 of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), Step-Up Practice 9.4 under Principle B of the Malaysian Code on Corporate Governance (“MCCG”) and the terms of reference of the AC. The terms of reference governing the AC are available on the Company’ website at www.dnex.com.my. The Board has reviewed and assessed the performance of the AC and is satisfied that the AC has discharged its functions, duties, and responsibilities in accordance with its terms of reference. The Executive Chairman, Group Chief Operating Officer, Head of Internal Audit Department, certain senior management members and the Company’s External Auditors, namely Crowe Malaysia PLT, are usually invited to attend AC meetings to provide briefings, updates, and clarifications on matters under the AC’s purview. The Chairman of the AC presented reports to the Board highlighting issues discussed at AC meetings. Our Governance DAGANG NeXCHANGE BERHAD 176 AUDIT COMMITTEE REPORT
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