of the External Auditor were performed by members of BAC and Management, addressing aspects of (1) quality of service, (2) sufficiency of resources, (3) communication and interaction, and (4) independence, objectivity, and professional scepticism. • The audit fees for quarterly review of the unaudited consolidated results and annual statutory audit of TNB and its subsidiaries for Board’s approval. • The External Auditor’s Audit Plan for FY2023. • The External Auditor’s Annual Transparency Report which outlines amongst others, the legal and governance structure, as well as measures taken by the External Auditor to uphold audit quality and address risks. • Non-audit services provided by the External Auditor to TNB and the Group. The fees associated with non-audit services performed by the External Auditor were within the permissible threshold set inTNB’s Implementation Guideline on Provision of Services by External Auditors. iii. Acknowledged TNB’s Internal Control Memorandum for FY2022, which offers status updates on internal control recommendations and areas of enhancement over financial reporting and information technology general control (ITGC) including accounting matters, systems, and process weaknesses. iv. BAC held two (2) meetings with the External Auditor without the presence of Management and Executive Directors to enable open discussion with the BAC and to reinforce independence of the external audit function of the Company. 3. FINANCIAL REPORTING BAC reviewed and endorsed the following financial matters before recommending to Board for approval: i. Quarterly unaudited financial results of the Group and the draft announcements with considerations on key developments during the period, significant accounting matters, and other review matters. ii. Audited financial statement of the Group and of the Company for the financial year ended 31 December 2022 and agreed that the financial statements were prepared in accordance with the relevant standards and regulatory requirements as to give a true and fair