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Financial Reports &
Governance Other Information HENGYUAN REFINING COMPANY BERHAD l ANNUAL REPORT 2023 81

7. OTHERS (g) To review of the annual certificate and compliance
certificate;
Other matters discussed by the BAC during its meetings
include: (h) To review of the margin performance;
(a) The solvency outlook loan position of the Company (i) To review of the award of HSBC on the cash
and dividend proposal of the Company in the next management platform and to accept trade line facilities
12 months; from HSBC;
(b) Quarterly updates on the Recurrent RPT (RRPTs) (j) The review of the attempted bribery investigation
received from the Management. The BAC also ensured report;
that all RRPTs were within the thresholds of the (k) The review of 2024 HRC Business Plan, i.e. Purpose,
shareholders’ mandate approved at the 64 AGM in Vision, Mission, Values, Business Strategy, Financial,
th
24 May 2023;
Headcount and 2024 scorecard;
(c) The review of refinancing plan;
(l) To review of the conflict of interest policy; and
(d) To review the report of special review on fuel loss. (m) To review of the PwC audit fees proposal for FY2023.
Subsequently, to review the update on oil loss findings
from Tricor Axcelasia;

(e) The review of the FY2022 audit representation letter
and Statement on Risk Management and Internal
Controls representation letter;
(f) The review of the FY2022 Statement on Risk
Management and Internal Control and the BAC Report
disclosure for the respective financial year for the
purpose of inclusion in the Company’s annual report;