CODE ON CORPORATE GOVERNANCE 2021 (Pursuant to paragraph 15.25 of the MMLR) The Board has reviewed, deliberated and approved this Statement on 27 February 2024. The Board is pleased to report to its shareholders that to the best of its knowledge, the Company has complied with and shall remain committed to attaining the highest possible standards of corporate governance through the continuous adoption of the principles and best practices of the MCCG and all other applicable laws, save as disclosed above. CREATING VALUE THROUGH STRONG GOVERNANCE Sec 4 193 Tenaga Nasional Berhad 199001009294 (200866-W)    TOGETHER, LET US IGNITE A CHANGE AND EMPOWER A BETTER, BRIGHTER FUTURE. We are dedicated to driving a responsible energy transition and leading the pathway to a sustainable future. Let us shapea world where clean energy defines tomorrow, sustainable cities thrive, green mobility becomes the norm, and digitalisation serves as the catalyst for transformation. TENAGA NASIONAL BERHAD Integrated Annual Report 2023 194 FINANCIAL STATEMENTS Directors’ Report 196 Consolidated Statement of Financial Position 202 Consolidated Statement of Profit or Loss 204 Consolidated Statement of Comprehensive Income 205 Consolidated Statement of Changes in Equity 206 Consolidated Statement of Cash Flows 209 Notes to the Financial Statements 213 Note28:OtherLiabilitiesNote29:ShareCapitalNote30:OtherReservesNote31:RevenueNote32:ImbalanceCostPass-Through(‘ICPT’)UnderRecoveryNote33:OperatingExpensesNote34:StaffCostNote35:OtherOperatingIncomeNote36:ForeignExchangeLossNote37:FinanceIncome/CostandFairValueChanges