The Audit Committee's role and authority delegated by the Board are outlined in its Terms of Reference. The key duties and activities of the Audit Committee include the following: a. Reviewing financial statements as well as any announcements of the Company and the Group before submission to the Board for approval and release; b. Reviewing at least annually the adequacy and effectiveness of the Group's internal control and risk management systems; c. Reviewing the assurance from the Group Managing Director and the Chief Financial officer on the financial records and financial statements of the Group; d. Reviewing the annual internal audit plan and internal audit reports tabled by the internal auditors; e. Making recommendations to the Board on the proposals to the shareholders on the appointment and removal of external auditors, and the remuneration and terms of engagement of the external auditors; f. Reviewing the audit plan of the external auditors and the external auditors' reports; g. Reviewing the co-operation given by executives to the external auditors; h. Reviewing the adequacy, effectiveness, independence, scope and results of the external audit and the Company's internal audit function; i. Reviewing the Group's compliance with relevant key legislative and regulatory requirements and the continuing listing requirements; j. Reviewing the Group Whistle-Blowing Policy and ensure that concerns or complaints received are properly attended to; k. Reviewing interested person transactions reported (if any); l. Reviewing the Group's capital expenditure transactions and investments; m. Reviewing the Group's foreign currency hedging activities; and n. Reviewing the Group's sustainability issues and reporting as delegated by the Board. The sustainability issues include, among others, the identification of key climate-related risks and opportunities facing the business, and the Group's climate reporting requirements.