Audit and Risk Management Committee

The primary role of the Audit Committee is to assist the Board of Directors in fulfilling its supervisory responsibilities for the financial reporting process, the system of internal control, the audit process, and the company's process for monitoring compliance with the laws and regulations and the accounting standards.

This provides a forum for discussing business risk and control issues for developing relevant recommendations for consideration by the Board for its approval or final decision. The membership, resource, responsibilities and authorities of the Committee to perform its role effectively, are stipulated in its detailed terms of reference, which may be amended by the Board of Directors as and when required. The Committee is constituted in the terms of requirements of sound corporate governance practice and operates within that framework.

The Audit Committee consisted of the following Directors: