The Board of Directors of Sime Darby Berhad (“Board”) announced the formation of the Investment Committee ("IC") with effect from February 23, 2023. The objectives of the IC are as follows: evaluate and assess strategic matters and key areas of focus for the Group as well as industry trends and market developments which may affect the Group's long-term profitability and sustainability; review major business proposals which include mergers and acquisitions, new partnerships, disposals, capital expenditure and Management's assessment of its key associated risks and the mitigation strategies prior to the Board's approval; monitor the implementation of the Group's strategic blueprints as approved by the Board and ensure that they remain robust and relevant; and track the development and progress of the major business proposals approved by the Board. The Members of the IC are as follows: Mohamad Idros Mosin (Chairman, Non-Independent Non-Executive Director), Dato' Lee Cheow Hock Lawrence (Member, Non-Independent Non-Executive Director), Dato' Dr. Nirmala Menon (Member, Independent Non-Executive Director), Scott William Cameron (Member, Independent Non-Executive Director).