The purpose of the Corporate Social Responsibility Committee (“the Committee”) of the Board of Directors (“the Board”) of MAS Financial Services Limited (“the Company”) shall be to assist the Board and the Company in fulfilling its corporate social responsibility (CSR).

The Committee has overall responsibility of:

• identifying the areas of CSR activities;
• recommending the amount of expenditure to be incurred on the identified “CSR activities” (which could include projects, programs or other permitted activities);
• Developing, implementing and monitoring the CSR policy aligned with the companys values, business objectives, and legal requirements from time to time;
• formulating a CSR annual action plan and recommending it to the Board;
• Creating a strategic roadmap for CSR activities, including setting goals, identifying key focus areas, and allocating resources.
• reviewing the Company’s initiatives and programs, monitoring the execution of CSR programs to ensure they are effectively implemented and delivering intended outcomes;
• Engaging with internal and external stakeholders to understand their expectations, gather feedback, and foster collaboration in CSR initiatives;
• Assessing and mitigating CSR-related risks, such as reputational, legal, or operational risks associated with non-compliance or unethical practices;
• Encouraging employee involvement in CSR activities through volunteering, or other forms of corporate citizenship; and
• coordinating with agency(ies) in implementing programs and executing initiatives as per the CSR policy of the Company

The purpose and responsibilities of the Committee shall include such other items / matters prescribed under applicable law or prescribed by the Board in compliance with applicable law from time to time. The Committee is also responsible for reporting progress of various CSR initiatives and in making appropriate disclosures on a periodic basis