The Board of Directors ("Board") of Kamdar Group (M) Berhad is pleased to announce that, in consistent with the recommendation of the Malaysian Code on Corporate Governance 2021, the Audit Committee (“AC”) of the Company has been assisting the Board in carrying out, among other things, its responsibility in overseeing the Group’s Risk Management framework. In recognition of its risk management function, the AC has additional role and shall now be named to “Audit and Risk Management Committee” (“ARMC”) with effect from 1 September 2023.

The composition of the ARMC of the Company remains unchanged as follows:

1) Lim Chai Har (Chairman - Independent Non-Executive Director)

2) Vicknaraj A/L Jayaraj (Member - Independent Non-Executive Director)

3) Pragna A/P K.M. Kamdar (Member - Non-Independent Non-Executive Director)

This announcement is dated 30 August 2023.