Corporate Governance Overview Statement

The Board of Directors (“the Board”) is committed to ensure that the highest standards of corporate governance are practised throughout Zelan Berhad (“Zelan” or “the Company”) and its subsidiaries (collectively referred to as “the Group”). The Board believes that strong corporate governance is essential in enhancing shareholders’ value and for long-term sustainability and growth.

The Group corporate governance framework is premised upon the following statutory provisions, best practices, rules and guidelines:
• Companies Act 2016 (“the Act”);
• Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Malaysia”); and
• Malaysian Code of Corporate Governance (“the Code”).

The Board is pleased to present this overview statement, which sets out a summary of the Group’s corporate governance practices during the financial year (“FY”) ended 31 December 2023 (“FY2023”) based on the following three (3) key principles of the Code:-
(a) Principal A : Board Leadership and Effectiveness
(b) Principal B : Effective Audit and Risk Management; and
(c) Principal C : Integrity in Corporate Reporting and Meaningful Relationship with Stakeholders.

This statement is to be read together with the company's Corporate Governance Report 2023, which is available on the Company’s website at www.zelan.com and Bursa Malaysia’s website.

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