Telekom Malaysia : 40th Annual General Meeting Minutes

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TELEKOM MALAYSIA BERHAD 198401016183 (128740-P) (Incorporated in Malaysia) MINUTES OF THE FORTIETH (40 TH ) ANNUAL GENERAL MEETING (AGM) OF TELEKOM MALAYSIA BERHAD ("TM" OR "THE COMPANY") HELD ON TUESDAY, 27 MAY 2025 AT 10:00 A.M. AT THE MULTI PURPOSE HALL, MENARA TM, JALAN PANTAI BAHARU, 50672 KUALA LUMPUR, MALAYSIA (MAIN VENUE) AND VIRTUALLY BY WAY OF ELECTRONIC MEANS VIA BOARDROOM SMART INVESTOR PORTAL (BSIP) AT https://investor.boardroomlimited.com (ONLINE PLATORM). ATTENDANCE Board of Directors Present at the Main Venue YBhg. Dato' Zainal Abidin Putih : Non-Independent Non-Executive Chairman Encik Amar Huzaimi Md Deris : Managing Director/Group Chief Executive Officer (MD/GCEO) YBhg. Datuk Dr. Shahrazat Haji Ahmad : Non-Independent Non-Executive Director (NINED) 4. YBhg. Dato' Mohamed Nasri Sallehuddin : NINED and Chairman of the Board Risk and Investment Committee (BRIC) 5. Encik Muhammad Afhzal Abdul Rahman : NINED 6. Encik Hisham Zainal Mokhtar : Senior Independent Director and Chairman of the Board Nomination and Remuneration Committee (NRC) 7. YBhg. Datuk Siti Zauyah Md Desa : Independent Non-Executive Director (INED) 8. Encik Ahmad Taufek Omar : INED 9. YBhg. Tan Sri Datuk Yong Poh Kon : INED 10. YBhg. Datuk Bazlan Osman : INED and Chairman of the Board Audit Committee (BAC) (ii) Present via Online Platform 11. Puan Rossana Annizah Ahmad Rashid : INED and Chairperson of the Board Tender Committee (BTC) 2.0 Company Secretaries 1. Puan Hamizah Abidin : Group Company Secretary (Group Cosec) 2. Encik Mohammad Yazmi Mat Raschid : Joint Secretary 3.0 Senior Management 1. Encik Ahmad Fairus Rahim : Group Chief Financial Officer (Group CFO) Shareholders, Corporate Representatives and Proxies The pre-registration to attend TM's 40 th AGM via BSIP was managed by TM's Share Registrar, Boardroom Share Registrars Sdn. Bhd. (Boardroom). It was opened from the date of the Notice of the 40 th AGM on 25 April 2025 and closed on 26 May 2025 at 10:00 a.m. Registration for physical attendance at the Main Venue was opened from 7:30 a.m. until 1:20 p.m. on the AGM date. As at 20 May 2025, being the cut-off date for determining persons entitled to attend the 40 th AGM or appoint proxy(ies) on his/her behalf, the Company had 32,379 depositors holding issued and paid-up shares of 3,837,738,480. Based on the registration data given by the Poll Administrator at the commencement of the meeting, 887 members had registered for the AGM with 654 members attending physically at the Main Venue and 233 members attending virtually via the Online Platform. In addition, a total of 902 shareholders had lodged their proxies and appointed corporate representatives within the stipulated time, and the holders of 1,235,603,069 ordinary shares representing 32.20% of the total issued shares of the Company had appointed the Chairman of the Meeting to be their proxy. Based on the Attendance Record issued by Boardroom upon conclusion of the AGM, a total of 1,609 members representing 1,990,650,363 ordinary shares representing 51.87% of the Company's total issued shares, participated in the hybrid AGM. The attendance of the shareholders, corporate representatives, proxies ("the Members") and invitees including Senior Management team, who participated in the Meeting at the Main Venue and via Online Platform is set out in the Attendance Summary as per Attachment 1 . External Auditor: Messrs Ernst & Young PLT (EY) Pursuant to Section 285 of the Companies Act 2016 (CA 2016), TM's external auditor i.e. EY was present at the AGM. EY was represented by the Lead Audit Partner, Encik Ahmad Zahirudin Abdul Rahim. Poll Administrator, Independent Scrutineer and Independent Moderator Pursuant to Paragraph 8.29A (1) of the Main Market Listing Requirements (Main LR) of Bursa Malaysia Securities Berhad (Bursa Securities), all resolutions set out in the notice of the AGM shall be voted by poll. Boardroom who was represented by Encik Noor Isaruddin Che Man acted as Poll Administrator for the AGM. Deloitte Business Advisory Sdn Bhd (Deloitte), represented by Ms Kasturi Nathan, was appointed as the Independent Scrutineer to validate the votes. Deloitte is independent of Boardroom and Ms Kasturi Nathan is not an officer of TM or its related corporation. In addition, Mr Krishman Varges from Deloitte was appointed as the Independent Moderator, acting independently and objectively to oversee and moderate the collation of online live questions submitted by members via BSIP. MEETING PROCEEDINGS Chairman of Meetinq Dato' Zainal Abidin Putih, the Chairman of the Board, chaired the meeting and commenced the proceeding of the 40 th AGM at 10:00 a.m. Welcominq Address by Chairman Dato' Chairman welcomed all members and invitees to the 40 t h AGM of the Company, held in a hybrid mode for the first time since the Covid19 pandemic, and thanked their participation in the meeting. Dato' Chairman explained that the hybrid meeting was convened in compliance with Section 327 of the CA 2016 and Paragraph 8.27A of the Main LR of Bursa Securities. The meeting mode was chosen to ensure wider accessibility and engagement, precluding any one member from technological barriers. It also provided members with the flexibility to participate from anywhere. The Meeting then proceeded with a short prayer led by Encik Moharmustaqeem Mohammed. Dato' Chairman introduced the members of the Board, Group CFO and Group Gosec present at the Main Venue and via the Online Platform. Shareholders were also introduced to the representatives of the External Auditor, Poll Administrator, Independent Scrutineer and Independent Moderator. Members of the Senior Management were also in attendance in the Main Venue. 3.0 Quorum of Meetinq and Administrative Details The Group Cosec thereafter notified the requirement of quorum pursuant to Clause 85 of the Company's Constitution, where the quorum necessary for the transaction of business at a general meeting is 2 members present in person or by corporate representative/proxy. Noting the registration data provided by the Poll Administrator at the commencement of the meeting as stated in paragraph 4.4 of Part I above as read out by the Group Cosec, Dato' Chairman confirmed the presence of quorum and called the Meeting to order. Dato' Chairman then invited the Group Cosec to brief the meeting on the key administrative matters and conduct of the AGM. 0 Notice of Meetinq Dato' Chairman confirmed that the Notice of the 40 th AGM was announced to Bursa Securities on 24 April 2025, issued to shareholders and advertised in The Star and Berita Harian on 25 April 2025, in compliance with Section 316(2) of the CA 2016 and Clause 80(1) of the Company's Constitution. As the Notice has been served, Dato' Chairman proposed that it is taken as read and Encik Mohamad Shahrol Mohd Yudin, a shareholder, seconded the motion. 0 Chairman's Statement Dato' Chairman stated that: TM remains committed to more than simply delivering connectivity and continues to play the role as facilitators of national progress, driving inclusive digital transformation that empowers enterprises, enriches communities and bolsters economic resilience. TM is fully aligned with this vision by staying agile, expanding the capabilities and setting new benchmarks in service excellence to ensure that Malaysia remains at the forefront of the digital economy. Dato' Chairman recorded the Board's gratitude to Warga TM throughout the nation, for their dedication, hard work and resilience in facing various challenges. Warga TM's continuous support is appreciated in the journey towards becoming a Digital Powerhouse. Dato' Chairman further conveyed the Board's appreciation to all former directors who left since the previous AGM for their valuable contributions, namely Y.M. Tunku Afwida Tunku Dato' A.Malek, Mr. Balasingham A. Namasiwayam and Yang Arif Tuan Suhendran Sockanathan. He then welcomed Tan Sri Datuk Yong Poh Kon and Datuk Bazlan Osman, who were appointed as the new INEDs on 30 May 2024. 0 Voting by Poll In line with Clause 89(1) of the Company's Constitution and pursuant to Paragraph 8.29A of the Main LR of Bursa Securities, the voting of each 14 resolutions set out in the AGM Notice would be voted digitally by poll. Boardroom as the Poll Administrator would conduct the poll voting and Deloitte as the Independent Scrutineer would verify and validate the poll results. A short video by Boardroom was played at 10:17 a.m. to 10:20 a.m. to demonstrate to the members who were present at the 40 th AGM on the process for online voting via the Remote Participation and Electronic Voting (RPEV) facilities. Dato' Chairman then declared that the e-polling has been opened and members can cast votes for any or all the resolutions throughout the session until the end of the e-polling session which would be announced after the Questions and Answers (Q&A) session. 0 Conduct of General Meeting Dato' Chairman conveyed that the Board endeavours to provide meaningful engagement with members on the resolutions to be tabled, as well as the Company's performance and long-term strategies. To enable a more efficient running of the hybrid meeting, Dato' Chairman advised that the Q&A session would be opened after the tabling of all the resolutions. Dato' Chairman informed the meeting that Puan Hamizah Abidin and Encik Mohammad Yazmi Mat Raschid, the Company Secretaries, as shareholders of the Company have offered to be the proposer and seconder for all the resolutions tabled at this AGM. 0 Presentation by MD/GCEO Dato' Chairman thereafter invited Encik Amar Huzaimi Md Deris, the MD/GCEO, to present the Company's performance and long-term strategies. MD/GCEO then proceeded with a presentation covering, inter alia, on the following: 2024 Snapshot; Delivering Business Value; and Towards Long Term Success. Salient points of MD/GCEO's presentation were as follows: 2024 was a defining year for TM, being the first year of execution of the Digital Powerhouse 2030 strategy - solidifying TM's foundation to protect the existing core business, to better position the Company in capitalising emerging opportunities such as hyper-connected data centres, Artificial Intelligence (AI), and GPU-as-a- Service (GPUaaS) which are among TM's new growth areas. TM concluded the financial year (FY) 2024 with a steady performance, marked by a modest revenue growth at RM11.7 billion, and EBIT growth of 11.3% to RM2.3 billion. TM's improved fundamentals and dividend pay-outs in 2024 reflect the commitment to deliver sustainable value to shareholders. Internal efficiencies have been enhanced, allowing for cost optimisation in preparing TM for future growth. TM also sustained customer trust and loyalty, achieving a commendable Net Promoter Score (NPS) of 45, reinforcing commitment to customers. TM met all targets outlined in the 2024 market guidance. In 2024, the Group declared a total dividend of 31 sen per share, higher than the previous year - representing a 5-year compound annual growth rate (CAGR) of 21.3% in dividends per share. Dividend yield also improved, rising from 2.6% in 2020 to 4.7% in 2024. TM invested more than RM2.7 billion for operations and sustainability, crucial for future growth and long-term value. TM also contributed nearly RM500 million to the Government and the relevant authorities, supporting nation building initiatives and driving Malaysia's economic growth. TM remain committed in social impact initiatives especially in areas of education, digital inclusivity and vendor development programs. TM is building the infrastructure today to power the digital dreams of tomorrow. Through innovation, collaboration, and sustainable practices, TM is empowering Malaysia's future, profoundly reshaping the nation's economy. TM is integrating sustainability and green innovations into its' data centres (DC), sourcing half of energy from renewable resources and incorporating rainwater harvesting and recycling systems for water conservation. The goal is to grow responsibly, delivering technology that benefits both the economy and the environment.

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