Policy

Whistleblowing Policy

Carimin Petroleum Berhad (“CPB” or “Company”) and its subsidiaries (“the Group”) are committed to the highest standard of corporate governance and business integrity. In recognising the abovementioned values, the Group provides avenue for all employees of the Group and members of the public to raise concerns or disclose any improper conduct within the Group and to take appropriate action to resolve them effectively.

Whistleblowing Policy.

Whistleblowing Procedure.

Anti Bribery and Corruption Policy

Carimin Petroleum Berhad (“the Company”) and its subsidiaries (“the Group”) are committed to ethical, transparent and responsible business practices as well as complying with all applicable laws, which include compliance with the Malaysian Anti-Corruption Commission Act 2009 (“MACC Act 2009”) and the Malaysian Anti-Corruption Commission(Amendment) Act 2018 and any of its amendments or re-enactments that may be made by the relevant authority from time to time. This Anti-Bribery and Corruption Policy (ABC “Policy”) sets out the parameters to preventthe occurrence of bribery and corrupt practices in relation to the businesses of the Group.

Anti Bribery and Corruption Policy

Remuneration Policy

This Remuneration Policy (“the Policy”) sets out the criteria to be used in recommending the remuneration of Directors and/or Senior Management of Carimin Petroleum Berhad (“the Company”) and is made in line with the best practices recommended under the Malaysian Code on Corporate Governance.

Remuneration Policy

Corporate Disclosure Policy

The Board of Directors (“Board”) of Carimin Petroleum Berhad (“the Company”) is committed to provide effective communication to its shareholders and general public regarding the business, operations and financial performance of the Company and its subsidiaries (“the Group”) and where necessary,information filed with regulators is in accordance with all applicable legal and regulatory requirements.

Corporate Disclosure Policy

Code of Conduct and Business Ethics

CARIMIN Group is committed to establish a corporate culture that propagates ethical conduct throughout its business operations. This includes adopting best practices in corporate governance, observing high standards of behavior and integrity when conducting our business activities with authorities, shareholders, partners, customers, suppliers and other stakeholders. The Group adopts a Code of Conduct and Business Ethics (“our Code”) to formalize and commit its ethical values and standards. Our Code will form part of our core values as described in our Vision and Mission Statement and this procedure defines various policies and present guidance on how our employees can adopt the Code while executing their respective job and responsibilities. Each employee has a role to play in embracing and upholding our Code that would further enhance our Group’s positive reputation developed over the decade.

Code of Conduct and Business Ethics

Risk Management Policy & Framework

Company recognizes that management of risks is one of the essential components of excellent corporate governance. For continued growth and success, we will conduct our business activities and pursue our objectives in a sustainable and ethical manner by incorporating and embedding risk management into all functions and activities as necessary and in an appropriate manner. Our Risk Management will enhance our business through the creation and protection of value by having a proper Governance structure, clarity in responsibilities and systematic customized processes within a Risk Management Framework (RMF).

Risk Management Policy & Framework

Insider Trading Policy

Company is committed to comply with all laws and regulations pertaining to securities, in particular, prohibiting the buying or selling of Company’s securities while having knowledge of material non-public information (insider trading) or passing such information to others who buy or sell securities (tipping). Insider trading, whether directly or indirectly, or tipping involving Company securities is strictly prohibited. Similarly, trading in securities of any other company while aware of material non-public information obtained in the course of employment with the Company is also not allowed. This policy is to advise all our employees regarding the matter and to ensure that they are aware of the legal implications along with the consequences.

Insider Trading Policy

Anti-Money Laundering & Anti-Terrorism Financing Policy

This policy covers money laundering (ML) and terrorism financing (TF) including its definition, how it may occur, legal implications and consequences,and the Company’s action to prevent these from occurring. The policy applies to all business entities owned by the Company and to all directors, officers and employees. Wherever applicable, this policy may apply to contractors, vendors, service providers, advisors, consultants and other third parties acting on behalf of the Company.

Anti-Money Laundering & Anti-Terrorism Financing Policy