The Audit Committee has been established to assist the Board of Directors (“the Board”) of Sasbadi Holdings Berhad (“Sasbadi Holdings” or “the Company”) in fulfilling its fiduciary responsibilities relating to corporate accounting, financial reporting practices, system of internal controls, audit processes and monitoring of compliance with laws and regulations (Note: Sasbadi Holdings and its subsidiaries are collectively referred to as “the Group” herein). MEMBERS OF THE AUDIT COMMITTEE The Audit Committee comprises the following members: Chairman : Tang Yuen Kin (Independent Non-Executive Director) Members : Dato’ Noor Rezan Binti Bapoo Hashim (Senior Independent Non-Executive Director) Datu Dr Rashidah Binti Bolhassan (Independent Non-Executive Director) (appointed on 18 April 2023) Dato’ Salleh Bin Mohd Husein (Independent Non-Executive Chairman) (resigned on 18 April 2023) The composition of the Audit Committee complies with paragraph 15.09 of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), as follows: • The Audit Committee comprises three (3) members; • All the members are Independent Non-Executive Directors; and • The Chairman, Tang Yuen Kin, is a member of the Malaysian Institute of Accountants. TERMS OF REFERENCE The full Terms of Reference setting out the Audit Committee’s composition, meeting proceedings, authority, functions and duties can be viewed on the Company’s website, www.sasbadiholdings.com. ATTENDANCE OF MEETINGS During the financial year ended (“FYE”) 31 August 2023, the Audit Committee held a total of five (5) meetings. The attendance of the members of the Audit Committee at the meetings is as follows: Member Attendance Tang Yuen Kin Dato’ Noor Rezan Binti Bapoo Hashim Datu Dr Rashidah Binti Bolhassan (appointed on 18 April 2023) Dato’ Salleh Bin Mohd Husein (resigned on 18 April 2023) 5 out of 5 5 out of 5 1 out of 1 4 out of 4 The agenda for the meetings, together with the relevant papers and reports and minutes of the previous meetings, were distributed to the members prior to the meetings. The Company Secretary attended all the meetings held during the financial year under review. In addition, the Group Managing Director and other Executive Directors, the Group Chief Financial Officer, key management personnel, external auditors and outsourced internal auditors also attended the meetings when invited by the Audit Committee to provide and present reports or information during the deliberation of matters pertaining to their respective areas, in the meetings. Audit Committee Report ANNUAL REPORT 2023 SASBADI HOLDINGS BERHAD 62
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