Annual Report 2020

The Audit Committee was established on 15 January 2000 by the Board of Directors to assist the Board in its oversight of the Company’s financial reporting and, in fulfilling its fiduciary responsibilities relating to internal control. The Audit Committee is guided by its Terms of Reference as set out in the Company’s website. MEMBERSHIP The Audit Committee during the financial year comprise the following members, all of whom are Independent Non-Executive Directors: Tan Bun Poo, Robert Chairman/Independent Non-Executive Director Prof. Datin Paduka Setia Dato’ Member/Independent Non-Executive Director  Dr. Aini Binti Ideris Kow Poh Gek Member/Independent Non-Executive Director Chan Wai Yen, Millie Member/Independent Non-Executive Director Cynthia Toh Mei Lee Member/Independent Non-Executive Director Low Teng Lum Member/Independent Non-Executive Director During the financial year, the Board appointed Mr. Tan Bun Poo, Robert as the Chairman of the Audit Committee, a member of the Malaysian Institute of Accountants, in place of Mr. Chieng Ing Huong, Eddy, who retired from the Board at last year's AGM, and appointed Mr. Low Teng Lum as a new member of the Audit Committee on 30 August 2019. With three (3) Audit Committee members being members of the Malaysian Institute of Accountants, the Company meets the requirement of Paragraph 15.09 (1)(c)(i) of the Listing Requirements. ATTENDANCE AT MEETINGS During the financial year, the Committee held a total of five (5) meetings. Details of attendance of the Committee members are as follows: Name of member Number of meetings attended Tan Bun Poo, Robert 5/5 Prof. Datin Paduka Setia Dato’ Dr. Aini Binti Ideris 4/5 Kow Poh Gek 5/5 Chan Wai Yen, Millie 5/5 Cynthia Toh Mei Lee 5/5 Low Teng Lum * 2/2 * Mr. Low Teng Lum was appointed on 30 August 2019. Annual Report | 2020 QL Resources Berhad 82 Audit Committee Report