179 SECTION 5 COMMITMENT TO GOVERNANCE INTEGRATED ANNUAL REPORT 2025 CORPORATE GOVERNANCE OVERVIEW STATEMENT During the financial year ended 31 December 2025, the Board met four (4) times and the details of the attendance of the Board members are as follows:- Director Directorship Total Meetings Attended Dato’ Seri Robert Tan Chung Meng Non-Independent Non-Executive Chairman 4/4 Gian Carlo Maccagno Managing Director/Group Chief Executive Officer 4/4 Tan Sri Professor Lin See Yan Non-Independent Non-Executive Director 4/4 Halim Bin Haji Din Non-Independent Non-Executive Director 4/4 Tan Sri Saw Choo Boon Senior Independent Non-Executive Director 4/4 Tan Jian Hong, Aaron Non-Independent Non-Executive Director 4/4 Datin Wan Daneena Liza Binti Wan Abdul Rahman Independent Non-Executive Director 4/4 Lily Rozita Binti Mohamad Khairi Independent Non-Executive Director 4/4 To facilitate productive and meaningful deliberations, the proceedings of the Board meetings are conducted in accordance with a structured agenda with the supply of complete and timely information to enable the Board to discharge their responsibilities effectively and for them to make informed decisions. The Board reviews and deliberates on the Group’s financial performance and results, business operations, budgets, reports of the various Board Committees, risks management, business plans, corporate exercises and strategic financials and investments decisions. In the intervals between Board meetings, any matters requiring urgent Board decisions and/or approvals will be sought via circular resolutions which are supported with all the relevant information and explanations required for an informed decision to be made. 1.7 The Board’s Significant Initiatives undertaken during the Financial Year 2025 During the financial year 2025, the Board remained focused on the business and strategic directions to ensure the Group’s continuous growth, resilience and long-term sustainability. The key initiatives undertaken during the financial year are as outlined below:- (a) The Chain Listing and Initial Public Offering of a subsidiary During the financial year under review, the Company has successfully listed Wasco Greenergy Berhad (“WGB”), a subsidiary of the Company on the Main Market of Bursa Malaysia Securities Berhad on 11 December 2025. The Board considered the WGB Group’s biomass services business as a distinct and viable business segment of the WB Group that warranted a separate listing. The IPO signifies a strategic step towards enhancing WGB’s corporate visibility and reputation as a renewable energy service provider. The chain listing also enables a clearer delineation of business focus and operational independence between the WB Group and the WGB Group and hence, strengthening brand positioning and providing investors with greater visibility and focus on each group’s investment potential. In addition, the listing enables WGB to tap into the equity capital markets for equity and/or debt financing to fund its existing operations and/or future expansion, without reliance on WB Group.
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