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Kumpulan Fima Berhad

(11817-V)

90

aUDIt coMMIttee

RePoRt

1.

MEMBERS OF THE AUDIT COMMITTEE

The members of the Audit Committee comprise of:

Encik Azizan bin Mohd Noor (Chairman)

Senior Independent Non-Executive Director

Member of Malaysian Institute of Accountants

Dato’ Rosman bin Abdullah (Member)

Independent Non-Executive Director

Member of Malaysian Institute of Accountants

Puan Rozana Zeti binti Basir (Member)

Non-Independent Non-Executive Director

The main responsibilities of the Audit Committee are to assist the Board in discharging its statutory and other responsibilities

relating to internal controls, financial and accounting matters, compliance, business and financial risk management.

The Audit Committee shall be appointed by the Board amongst the Directors of the Company and shall consist of no less

than three (3) members comprising of Non-Executive Directors a majority of whom are Independent Directors. A quorum for a

meeting shall be at least two (2) members, both being Independent Directors. The current composition of the Audit Committee

and the qualifications of its members comply with the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities

Berhad.

2.

TERMS OF REFERENCE

In fulfilling its duties and responsibilities, the Audit Committee is guided by the Terms of Reference which is available on the

Company’s website at

www.fima.com.my

. The Audit Committee is authorized to seek information it requires from any employee

and all employees are directed to cooperate with any request made by the Audit Committee. The Audit Committee is also

authorized by the Board to obtain independent professional advice if necessary in discharging their functions.

3.

MEETINGS

The Audit Committee meetings were held 5 times during the financial year ended 31 March 2017 and all the members attended

those meetings.

The meetings are normally attended by the Group Managing Director (“Group MD”), Chief Financial Officer, Head of Group

Internal Audit Department (“GIA”) and upon invitation, the external auditors. The external auditors attended all five (5) meetings

and met the Audit Committee twice without the presence of the Management to discuss key issues within their sphere of

interest and responsibility. The internal auditors and external auditors, may request additional meetings if and when considered

necessary. Other employees shall attend any particular Audit Committee meeting only at the Audit Committee’s invitation and

specific to the relevant meeting. In addition to formal meetings, members of the Audit Committee have the opportunity to meet

and consult with the Head of GIA at any time without the presence of Management to discuss any issues of concern.

Name of Committee Members

No of Meetings Attended

Encik Azizan bin Mohd Noor

5/5

Dato’ Rosman bin Abdullah

5/5

Puan Rozana Zeti binti Basir

5/5