The Audit Committee of Boustead Holdings Berhad (“Boustead Holdings” or “the Company”) was established on 27 June 1994.

The purpose of the Audit Committee is to assist the Board of Directors of the Company (“the Board”) in fulfilling its oversight responsibilities in respect of the following:

• Reviewing the financial statements, the financial reporting process and accounting policies;
• Ensuring proper implementation of a system of internal controls relevant to the risks of the Boustead Holdings Berhad Group (“the Group”), the control environment and any compliance requirements;
• Evaluating the internal and external audit process;
• Reviewing conflict of interest situations and related party transactions; and
• Reviewing and monitoring of corporate governance practices within the Group.