STATEMENT OF COMPLIANCE (Section 75 (3) of the Financial Reporting Act) Name of PIE: CIM Financial Services Ltd (the ‘Company’) Reporting Period: FINANCIAL YEAR 2022-2023 CIM Financial Services Ltd is a public interest entity and is, as such, required to adopt corporate governance principles in accordance with the National Code of Corporate Governance (2016) (the ‘Code’). Throughout the year ended 30 September 2023, to the best of the Board’s knowledge, the Company has complied and applied all the principles set out in the Code and explained how these principles have been applied, except for the following: i. ‘the Chairperson of the Audit Committee should be an independent director’; and ii. ‘the Board should have an executive management presence with at least two executive directors’. Having completed nine years on the Board, Mr Amédée Darga is now classified as a Non-Executive director. However, the Board has thought it fit to maintain Mr Darga as Chair of the Audit and Compliance Committee given his track record, independence of character and judgement and the fact that he meets all of the other criteria set out to test for director independence in the National Code of Corporate Governance. Although there is only one executive director on the Board of the Company, the Board is aware of the need to have a strong executive management presence in the Company and is of opinion that the attendance of the Chief Operating Officer and of the Chief Financial Officer at the meetings and sub-committees of the Board fulfils the spirit of the Code. SIGNED BY: Aisha Timol Mark van Beuningen Independent Director and Chairperson Executive Director and Group Chief Executive Officer 20 December 2023 20 December 2023 91 OUR YEAR AT A GLANCE OUR PEOPLE GOVERNANCE FINANCIAL STATEMENTS
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