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Introduction and purpose of Board Charter

The Board Charter (the "Charter") formalises the various roles and responsibilities of the Board, Board Committees and individual Director of APM Automotive Holdings Berhad ("APM" or the "Company") with the aim of streamlining and enhancing corporate governance practices towards transparency, accountability and integrity in boardroom activities. The release of the Malaysian Code on Corporate Governance 2012 ("MCCG 2012") by the Securities Commission in March 2012 and amendments to the Main Market Listing Requirements of Bursa Malaysia ("Listing Requirements") in November 2012 on corporate governance hasten the formalisation of this Board Charter.

The Charter incorporates the Principles and Recommendations (including Commentaries) of the MCCG 2012, as considered appropriate, the Listing Requirements on corporate governance, certain aspects of the Company's Constitution and relevant portions of the Companies Act 2016 insofar as the duties and responsibilities of Directors are concerned. Whilst the Charter serves as a structured guide, especially for new Directors who are on-board, it should not be construed as an exhaustive blueprint for Directors of the Company.

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