The Board of Directors (“Board”) of Sarawak Consolidated Industries Berhad (“SCIB” or “the Company”) supports high standards of corporate governance practices as stipulated in the Principles and Recommendations of the Malaysian Code on Corporate Governance (“MCCG”) 2021 in implementing its governance system and ensuring compliance with the provision in the Main Market Listing Requirements (“Listing Requirements”) of Bursa Malaysia Securities Berhad (“Bursa Securities”).

The Board acknowledges its fundamental responsibility to promote and drive long-term sustainable growth, whilst taking into account the interests of the investors and all other stakeholders.

This Board Charter is intended to provide the Board of Directors with information on authority, Board of Directors’ role and responsibilities and Board Committees. It is to provide guidelines on the procedures which the Board and Board Committees can refer for the conduct of their responsibilities.

STOCK CODE : 9237
COMPANY NAME: Sarawak Consolidated Industries Berhad
FINANCIAL YEAR : June 30, 2024

OUTLINE:
SECTION A – DISCLOSURE ON MALAYSIAN CODE ON CORPORATE GOVERNANCE
Disclosures in this section are pursuant to Paragraph 15.25 of Bursa Malaysia Listing
Requirements.

SECTION B – DISCLOSURES ON CORPORATE GOVERNANCE PRACTICES PERSUANT
CORPORATE GOVERNANCE GUIDELINES ISSUED BY BANK NEGARA MALAYSIA
Disclosures in this section are pursuant to Appendix 4 (Corporate Governance Disclosures)
of the Corporate Governance Guidelines issued by Bank Negara Malaysia. This section is
only applicable for financial institutions or any other institutions that are listed on the Exchange
that are required to comply with the above Guidelines.

The Whistleblowing Policy (“Policy”) is intended to directly support the Company’s Core Values, Code of Ethics and Governance requirement.

SCIB has adopted a zero tolerance policy against all forms of bribery and corruption. SCIB’s Anti-Bribery & Anti-Corruption Policy (hereinafter referred to as the “ABAC Policy”) provides guidance to employees and directors concerning how to deal with improper solicitation, bribery and other corrupt activities and issues that may arise in the course of business.

Internal Control Governance

Key Processes of Internal Control System

All activities undertaken by Sarawak Consolidated Industries Berhad (“SCIB”) carry an element of risk. The exposure to these risks is managed through the practice of Risk Management. In managing risk, it is SCIB’s practice to take advantage of potential opportunities while managing potential adverse effects. Managing risk is the responsibility of everyone in SCIB.

To review and report to the Board of Directors (“Board”) on the quality and performance of Sarawak Consolidated Industries Berhad (“SCIB”) internal and external accountants and auditors, the reliability of financial information and the adequacy of internal control policies and procedures. In addition, the Committee can recommend appropriate changes in any of these areas, as and when necessary;

Investment Committee (“IC”) shall review all significant investment and tender made and to be made by Sarawak Consolidated Industries Berhad (“SCIB”) Group and to recommend to the Board of Directors (“Board”) for approval.

Investments includes and is not limited to merger and acquisitions, new partnerships, divestments and large capital expenditure projects.

Risk Management Committee (“RMC”) shall be responsible to the Board of Directors (“Board”) for matters pertaining to assessment, management and control of Sarawak Consolidated Industries Berhad (“SCIB”) principal risks.

The Senior Management Committee (“SMC”) shall be established by the Board of Directors (“Board”) as an operating committee and the SMC members shall be appointed by the Board from amongst the Directors and Management personnel / Chief Level Officers of the Group. The SMC is committed to comply with all the applicable laws and regulatory requirements inclusive on Anti-Corruption.

Credit Control Committee (“CCC”) shall review all significant credit applications received from customer for Sarawak Consolidated Industries Berhad (“SCIB”) Group and to assess the credit worthiness of the individual customer and to set the relevant credit period and credit limits.

To review and report to the Board of Directors (“Board) on compensation including those of the Executive Directors and C-Suite and personnel policies, programs and plans.

The C-Suite Committee (“CSC”) shall be established by the Board of Directors (“Board”) as an operating committee and the CSC members shall be appointed by the Board from amongst the Directors, management personnel or Chief level officers of the Group. The CSC is committed to comply with all the applicable laws and regulatory requirements.

The objective of the Fit and Proper Policy (“Policy”) is to set out the criteria for the appointment, re-appointment and/ or re-election of Directors of Sarawak Consolidated Industries Berhad (“SCIB”) and its subsidiaries.

Sarawak Consolidated Industries Berhad (“[COMPANY]” or “we” or “us” or “our”) strives to protect your personal data in accordance with the Personal Data Protection Act 2010 and regulations, standards and policies made thereunder (hereinafter referred to as “the Act”). The Act was enacted to regulate the processing of personal data. For the purpose of this notice, the terms “personal data” and “processing” shall have the meaning as prescribed in the Act. To comply with the Act, we are required to manage the personal data that we collect from you relating to your shareholding in Sarawak Consolidated Industries Berhad.

This Sustainability Policy sets out SCIB Group’s commitment to integrating Environmental, Social, and Governance (“ESG”) considerations into its core strategies and operations. The aim is to create long-term value for stakeholders while promoting environmental stewardship, social responsibility, and ethical governance. This Sustainability Policy sets out SCIB Group’s commitment to integrating Environmental, Social, and Governance (“ESG”) considerations into its core strategies and operations. The aim is to create long-term value for stakeholders while promoting environmental stewardship, social responsibility, and ethical governance.

At SCIB, we place the highest priority on the safety, health, and well-being of our employees, contractors,and stakeholders. We firmly believe that safeguarding lives and preventing harm are fundamental to our long-term success and sustainability. As a responsible organization, we are committed to cultivating a proactive safety culture and integrating Occupational Safety and Health (“OSH”) into all aspects of our business operations

At SCIB, we uphold the inherent dignity, equality, and rights of every individual impacted by our operations. As a responsible corporate citizen, SCIB is committed to respecting internationally recognised human rights standards and embedding these principles across all aspects of our business. We expect our business partners, including suppliers, to uphold similar values and practices. This commitment underpins our core values, long-term sustainability goals, and ethical business practices.

SCIB is committed to our core principle, “Protecting the Environment from Harm”, by conducting all business operations in a responsible and sustainable manner. We are dedicated to fostering an environment that actively prevents pollution, manages waste, and promotes sustainability across our operations, products, and services. Guided by our core principle, we integrate environmental responsibility into every aspect of our business, fostering a workplace that upholds environmental compliance and performance standards.

At SCIB, we recognize that diversity and inclusion are fundamental to our sustainability, growth, and innovation. We are committed to fostering a culture in which every individual is respected, valued, and empowered to contribute to our shared success. This Policy outlines our approach to promoting a workplace that upholds fairness, equity, and inclusivity across all levels of the organization