Corporate Governance Statement

KUALA LUMPUR, 30 JULY 2026 —

Headline: Corporate Governance Statement Lead: The Board of Directors of AbleGroup Berhad (“the Group”) recognizes the importance of practising good corporate governance and is fully committed to ensuring that the Group practices the highest standard of corporate governance and transparency in line with the Malaysian Code on Corporate Governance 2012 (“MCCG 2012”) to achieve the Group’s governing objective of enhancing […] Body: The Board of Directors of AbleGroup Berhad (“the Group”) recognizes the importance of practising good corporate governance and is fully committed to ensuring that the Group practices the highest standard of corporate governance and transparency in line with the Malaysian Code on Corporate Governance 2012 (“MCCG 2012”) to achieve the Group’s governing objective of enhancing shareholders’ value. The application of the MCCG by the Group and the extent of compliance with the prescribed recommendations are reported with exceptions stated herein. The Group is controlled and led by a dynamic and experienced Board, with high personal integrity, business acumen and management skills, which is primarily entrusted with the responsibility of charting the direction of the Group. The Board recognises their roles and responsibilities in overseeing the performance of management including optimising the operations of the Company and its subsidiaries in order to maximise shareholders’ values. The Board has assumed most of the recommendations as prescribed in MCCG 2012 to effectively lead the Group. The Board members possess professional expertise, industrial knowledge and working experience in various fields that contribute effectively to the formulating as well as the achieving of corporate goals and strategic plans of the Group. The Board has delegated specific power and responsibilities to three (3) Board Committees namely Audit, Remuneration and Nomination Committees all of which have the authority to deal with particular issues and report to the Board with recommendations. In line with the MCCG 2012, the roles and responsibilities of the Group’s Chairman and Managing Director are separated. The responsibility of Chairman is primarily to ensure that the conduct and working of the Board is in an orderly and effective manner whilst the Managing Director manages the daily running of business and implementation of Board policies. The Managing Director is accountable for the operation and strategic development of the Group, and obliged to refer major matters to the Board. None of the Independent Directors of the Company had exceeded the prescribed term of nine (9) years as recommended by the MCCG 2012. The Board will undertake assessment of Independent Directors annually, upon admission and when any new interest or relationship develops. The Board has adapted a Board Charter and has put in place a Whistle-Blowing Policy and Code of Ethics and Conduct which are accessible through the Company’s Website at www.ablegroup.com.my and the same will reviewed from time to time to ensure that they remain current and relevant. The Board is aware of the importance of succession planning to ensure business continuity and took cognizance that there should be process of developing suitable programmes in place to ensure that operations at all levels are running smoothly. Although the Board expects its members to be committed to the Company’s affairs and operations, it does not restrict its members from being Directors of other companies. All Directors would immediately notify the Company Secretary and the Company should they accept a new directorship in another company. Board presently comprises one (1) Managing Director, three (3) Independent Non-Executive Directors and one (1) Non-Independent Non-Executive Directors. The profiles of the Directors are available at Directors’ profile section. The Board has complied with paragraph 15.02(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, which requires that at least two (2) Directors or one-third (1/3) of the Board Members of the Company, whichever is higher, are independent. The three (3) Independent Non-Executive Directors bring their independent and objective judgment to the Board to carry weight on the decision-making process of the Group, mitigating risks due to conflict of interest or undue influence from interested parties. The composition of the Board not only reflects the broad range of experience, skills and knowledge required to successfully direct and supervise the Group business activities, but also the importance of independence in decision-making at the Board level. The roles of these Independent Non-Executive Directors will ensure that any strategies and business plans proposed by the Executive Directors and Executive Management are fully discussed and examined to ensure the long-term interest of the shareholders as well as other stakeholders. The Board has no immediate plans to implement a gender diversity policy of target as it is of the view the Board membership should be determined based on a candidate’s skills, experience and other qualities regardless of gender. The Board has set up Board Committees namely Audit, Remuneration and Nomination Committees to delegate specific powers and responsibilities, all of which have their own written constitutions and terms of reference. The Chairman of the respective Committees report back to the Board regarding the outcomes and recommendations thereon and minutes of such Committee meetings will be tabled for the Board’s notation. The ultimate responsibility for the final decision on all recommendations lies with the entire Board. The Board meets on a quarterly basis with additional meetings held whenever necessary. There were five (5) board meetings held during the financial year ended 31 December 2013 and the attendance record is as follows:- The proposed appointment of new Board members, resignation of existing members, as well as the proposed re-election of the Directors are approved by the Board upon the recommendation of the Nomination Committee. In accordance with the Company’s Articles of Association, the Directors shall have power from time to time and at any time to appoint additional Directors either to fill a casual vacancy or as an addition to the Board. A Director so appointed shall retire from office at the close of the next Annual General Meeting of the Company, but shall be eligible for re-election. The Company’s Articles of Association also provide that an election of Directors shall take place each year. At the… (AI-assisted rewrite, based on the original source)

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