Nominating Committee Statement

In May 2026, the annual evaluation of the effectiveness of the Board, Board Committees and individual directors was carried out. The evaluation exercise was facilitated by the Company Secretary and involved the completion of evaluation forms.

Besides composition and diversity, Board effectiveness evaluation covered the areas of quality of governance and decision making, including ability in addressing the Company’s material sustainability risk and opportunities, while Board Committees were assessed on their composition, expertise, and whether their functions and responsibilities were effectively discharged in accordance with their respective terms of reference.

Individual Directors were evaluated on their fit and properness, caliber, character and integrity, contribution and performance; whether they devote necessary time and commitment, and have shown the will and ability to deliberate constructively, ask the right questions and confidence to stand up for a point of view. The conflict of interest disclosures made by the affected Directors were also reviewed and assessed for any impact on such Directors’ performance, objectivity and effectiveness in the discharge of their fiduciary duties and responsibilities to the Company. With regards to the Independent Directors, their independence was also assessed.

Results of the evaluations indicated no evident weaknesses or shortcomings which require mitigating measure. The Board and the Board Committees continue to perform effectively and the Directors demonstrated satisfactory performance and commitment in discharging their responsibilities for the financial year ended 30 June 2026.

The NC, with the concurrence of the Board was of the view that the Board is of the right size and has an appropriate mix of skills, experience, perspective, independence and diversity, including gender diversity needed to meet the needs of the Company.

In June 2026, based on the schedule of retirement by rotation and in conjunction with the annual evaluation exercise, the NC (save for Mr Choo Yoo Kwan @ Choo Yee Kwan and Mr Tang Kin Kheong who abstained from deliberations in respect of their own re-election) evaluated and recommended to the Board that Dato’ Seri Yeoh Seok Hong, Dato’ Sri Yeoh Sock Siong, Mr Choo Yoo Kwan @ Choo Yee Kwan and Mr Tang Kin Kheong, who are due to retire by rotation pursuant to Article 86 of the Company’s Constitution at the Forty-Third Annual General Meeting (“AGM”) of the Company, stand for re-election.

The NC was satisfied that the executive directors, namely, Dato’ Seri Yeoh Seok Hong and Dato’ Sri Yeoh Sock Siong who have a wealth of experience, knowledge and insights of the business, operations and growth strategies of YTL Corp and subsidiaries (“YTL Corp Group”), performed and contributed effectively as indicated by the performance evaluation results. The NC also considered their fit and properness, in particular their character and integrity, experience and competence, as well as their time and commitment to their roles and responsibilities.

As for the Independent Non-Executive Directors, namely, Mr Choo Yoo Kwan @ Choo Yee Kwan and Mr Tang Kin Kheong, the NC (save for Mr Choo Yoo Kwan @ Choo Yee Kwan and Mr Tang Kin Kheong who abstained from deliberations in respect of their own re-election) was satisfied that they continue to meet the fit and proper criteria as stated in Fit and Proper Policy and exercise objective and independent judgement in discharging their roles and responsibilities, and fulfil the independence criteria set out in the Bursa Malaysia Securities Berhad Main Market Listing Requirements (“Listing Requirements”).

The NC reviewed the evaluation forms and revisions were made where relevant, subsequently recommending to the Board the adoption of these forms to align with the Company’s practices and remain consistent with the Code and Listing Requirements.

The NC evaluated and recommended to the Board to consider the appointment of the following persons as alternate directors to the respective Executive Directors:

The NC evaluated the candidates in accordance with the Fit and Proper Policy adopted by the Board, taking into consideration, amongst others, their backgrounds, knowledge, experience, skills, external appointments and the time commitment expected of the role. In assessing the candidates’ suitability for appointment as Alternate Directors, the NC reviewed their profiles, résumé highlights and declarations of fitness and propriety. The NC was satisfied that their collective qualifications and experience offered complementary strengths across law, leadership, investments, infrastructure, technology, strategy, hospitality, creative communications and international exposure, and that they were suitable for the respective roles.

The NC further recognised that the proposed appointments formed part of the Company’s succession planning to ensure Board continuity and develop the next generation of Board leadership. The appointments would also provide the Alternate Directors with appropriate exposure to the Board deliberations, decision-making processes and governance responsibilities.

The NC reviewed the NC Statement prior to its recommendation to the Board for inclusion in the 2026 Annual Report.