FAQ 15.6

Yes. Under Rule 15.05(1) of the ACE LR, the following persons may not act as a director of a listed corporation or be involved either directly or indirectly in the management of a listed corporation, including in an advisory capacity:

• a person who has been convicted by a court of law, whether within Malaysia or elsewhere, of an offence in connection with the promotion, formation or management of a corporation;

• a person who has been convicted by a court of law, whether within Malaysia or elsewhere, of an offence, involving fraud or dishonesty or where the conviction involved a finding that he acted fraudulently or dishonestly; or

• a person has been convicted by a court of law of an offence under the Capital Market and Services Act 2007, Securities Industry (Central Depositories) Act 1991, Securities Commission Act 1993 or the Companies Act 1965.

within a period of 5 years from the date of conviction or if sentenced to imprisonment, from the date of release from prison, as the case may be.