Investor Relations

AUDIT COMMITTEE TERMS OF REFERENCE

INTRODUCTION

1. The Audit Committee of Boustead Plantations Berhad ("Boustead Plantations" or "the Company") was established on 23 December 2013.
2. The purpose of the Audit Committee is to assist the Board of Directors of the Company ("the Board") in fulfilling its oversight responsibilities in respect of the following:
   1. Reviewing the financial statements, the financial reporting process and accounting policies;
   2. Ensuring proper implementation of a system of internal controls relevant to the risks of the Boustead Plantations Berhad Group ("the Group"), the control environment and any compliance requirements;
   3. Reviewing conflict of interest situations and related party transactions; and
   4. Reviewing and monitoring of corporate governance practices within the Group.