UHY

Monetary penalty of RM298,000.00; Other than the Firm's existing public interest entity ("PIE") clients, the Firm is prohibited from accepting any PIE or schedule fund as its clients or prepare reports in relation to financial information as may be required under the securities laws or guidelines issued by the Securities Commission Malaysia for a period of 12 months; and Provide a written undertaking to the AOB on the following: a) Assess and implement measures to ensure that the Firm's system of quality control is relevant, adequate and operating effectively to monitor and address compliance with audit partner rotation requirements, including: i. Assessment of the capacity required by the Firm to comply with the audit partner rotation requirement; and ii. Building capacity within the Firm. b) Report to the AOB within 9 months on the result of the above assessment and implementation of the measures identified.

Failure to comply with certain requirements of the approved standards on auditing in Malaysia, namely the International Standards on Quality Control and the By-Laws (On Professional Ethics, Conduct and Practice) of the Malaysian Institute of Accountants.

Breach the AOB's registration condition imposed under Section 31O(3) of the Securities Commission Malaysia Act 1993.

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