Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 167

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 16
Chunk 167
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Item 16. RESERVED

Item 16A. AUDIT COMMITTEE FINANCIAL
EXPERT

Audit Committee

The audit committee, which consists
of Siew Koon Lim, Andrew Leong and Kim White assists the board in overseeing our accounting and financial reporting processes and the
audits of our financial statements. In addition, the audit committee is directly responsible for the appointment, compensation, retention
and oversight of the work of our independent registered public accounting firm. The audit committee is also responsible for reviewing
and determining whether to approve certain transactions with related parties. See “ Certain Relationships and Related Party Transactions - Related
Person Transaction Policy.” The board of directors has determined that Siew Koon Lim qualifies as an “audit committee financial
expert,” as such term is defined in the rules of the SEC, and that Siew Koon Lim, Andrew Leong and Kim White are independent, as
independence is defined under the rules of the SEC and the Nasdaq applicable to foreign private issuers. Siew Koon Lim acts as chairman
of our audit committee and is also the appointed Lead Independent Director.

Item 16B. CODE OF ETHICS