CapitaLand Malaysia Mall Trust | Annual Report 2020

The Audit Committee (AC) of the Manager was formed on 10 June 2010 to assist the Board in fulfilling its oversight responsibilities for the financial reporting process, the management of risk and system of internal controls, the governance processes, and the audit process for CMMT and the Manager as well as the Manager’s process for monitoring compliance with laws and regulatory requirements. The Board is pleased to present the report of the AC for FY 2020 to provide insights into the manner which the AC has discharged its functions during FY 2020. (A) COMPOSITION Presently, the AC consists of four members, all non-executive directors, majority of whom (including the Chairman of the AC) are independent. The members bring with them invaluable and professional expertise in accounting and related financial management domains. None of the AC members was previously a partner in the incumbent external auditors, KPMG PLT (KPMG), in the previous two years, nor do any of the AC members hold any financial interest in KPMG. The list of the members of the AC are as follows: 1. Tuan Haji Rosli bin Abdullah Chairman / Non-Executive Independent Director 2. Lui Chong Chee Member / Non-Executive Independent Director 3. Mohd Yusof bin Hussian Member / Non-Executive Independent Director 4. Lim Cho Pin Andrew Geoffrey Member / Non-Executive Non-Independent Director (B) MEETINGS AND ATTENDANCE A total of four AC meetings were held during the financial year under review. The members of the AC and their attendance records are as follows: Number of AC Meetings Attended Tuan Haji Rosli bin Abdullah 4 / 4 Lui Chong Chee 1 1 / 1 Mohd Yusof bin Hussian 1 1 / 1 Lim Cho Pin Andrew Geoffrey 4 / 4 Ng Chih Kaye 2 3 / 3 Dato’ Mohammed bin Haji Che Hussein 2 2 / 3 1 Appointed as a Member of the AC with effect from 1 October 2020. 2 Resigned as a Member of the AC with effect from 1 October 2020. AUDIT COMMITTEE REPORT 112 CAPITALAND MALAYSIA MALL TRUST • ANNUAL REPORT 2020