Statement of Assurance

Internal Review by Internal Audit Department

Pursuant to Bursa Malaysia's Main Market Listing Requirements and Sustainability Reporting Guide, the Board confirmed that the Internal Audit Department reviewed the Sustainability Statement for the financial year ended 31 December 2024 to enhance its accuracy and reliability. The Internal Audit team was responsible for the said review on a limited basis, in which the
team selected 20 subject matters reported in the Sustainability Statement for the financial year ended 31 December 2024 after considering various practicalities and limitations. Internal Audit issued a dedicated report for this purpose, which was vetted and approved by the Audit Committee. In this regard, the internal report was the primary basis for issuing this Statement of Assurance.

Subject Matters Assured

The following were the 20 subject matters (based on data for specific geographical location and financial year) that were subjected to the internal assurance procedures undertaken by the Internal Audit Department. In general, assurance was provided for 2024 data for business operations in Malaysia and Singapore (excluding MayBev Pte. Ltd.), unless stated otherwise.

Notes:
1. For Malaysia, locations other than the headquarters and brewery were excluded from the assurance engagement.
2. Singapore was excluded from the assurance engagement.
3. The breakdowns for waste diverted from/to disposal in 2024 were excluded from the assurance procedures.

The Assurance Procedures and Reporting Guidelines

Detailed walkthroughs were performed to understand and document the relevant data collection processes. These paved the way for assessing the reliability and integrity of data reported based on existing practices. Subject matter owners involved along the chain of data recording and disclosures were interviewed to establish whether they fully understood the disclosure requirements and implemented the appropriate mechanism to ensure data accuracy. There were also site visits where necessary. Internal Audit validated the data by comparing the data on hand against the source documents or physical evidence. The audit team ensured it met Bursa Malaysia’s requirements when disclosing the subject matters.

Internal Audit was generally guided by the Institute of Internal Auditors' standards in the International Professional Practices Framework (2017) when carrying out this assurance exercise. More importantly, the audit closely referenced the definitions and methodologies narrated by Sustainability Reporting Guide (3rd Edition) and the relevant Global Reporting Initiative (GRI) standards.

Conclusion
The Internal Audit team confirmed that the data concerning the 20 subject matters they reviewed were reliably ascertained and adequately supported. Nothing had come to the Internal Audit’s attention throughout the assurance exercise that caused the audit team to believe that the disclosures for the 20 subject matters selected could be inaccurate in any material way and not in line with the requirements set out by Bursa Malaysia.