Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 382

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 382
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 Ltd.’s audit and risk committee is “independent” as such term is defined in Rule 10A -3(b)(1) under the Exchange Act, which is different from the general test for independence of Kyivstar Group Ltd. Board and committee members. The Kyivstar Group Ltd. Board will, prior to or concurrently with the listing of the Kyivstar Group Ltd. Common Shares on Nasdaq, adopt a charter setting forth the responsibilities of the audit and risk committee, which are consistent with Bermuda law, the SEC rules and the Nasdaq corporate governance rules and include: •monitoring the integrity of Kyivstar Group Ltd.’s financial statements, including its annual and interim reports and any formal announcement relating to its financial performance; •reviewing significant financial reporting issues and judgments that they contain; •appointing, compensating, retaining and overseeing the work of Kyivstar Group Ltd.’s independent auditors; •reviewing and discussing with the independent auditors all relationships the auditors have with Kyivstar Group Ltd. in order to evaluate their continued independence; •reviewing with management and Kyivstar Group Ltd.’s independent auditor Kyivstar Group Ltd.’s annual and interim financial statements to be filed with the SEC, including disclosures under the caption “operating and financial review and prospects” and the matters required to be discussed by the applicable PCAOB standards and SEC rules, prior to publication or filing (or submission, as the case may be) to the SEC; •overseeing the appointment, re -appointmentand removal of the independent auditors; •coordinating the Kyivstar Group Ltd. Board’s oversight of internal control over financial reporting and disclosure controls and procedures; •reviewing and approving the annual audit plan; 204 •discussing Kyivstar Group Ltd.’s policies with respect to risk assessment and risk management; •reviewing and approving any related party transaction required to be disclosed prior to Kyivstar Group Ltd. entering into such transaction; and •reviewing Kyivstar Group Ltd.’s Code of Conduct at least annually. Remuneration Committee Under the Nasdaq corporate governance rules, as a foreign private issuer and a controlled company, Kyivstar Group Ltd. is not required to maintain a remuneration committee consisting entirely of independent directors. However, following the listing of the Kyivstar Group Ltd. Common Shares on Nasdaq, Kyivstar Group Ltd. will form a remuneration committee, which will consist of.will serve as chairperson of the