MSM Malaysia Holdings Berhad Annual Report 2019

DIRECTORS’ REPORT DIRECTORS’ REPORT The Directors hereby submit the annual report to the members together with the audited financial statements of the Group and of the Company for the financial year ended 31 December 2019. PRINCIPAL ACTIVITIES The principal activity of the Company is investment holding. The principal activities of the subsidiaries are set out in Note 20 to the financial statements. There has been no significant change in the nature of these activities of the Group and of the Company during the financial year. FINANCIAL RESULTS Group Company RM’000 RM’000 Loss for the financial year (299,769) (358,656) DIVIDENDS No dividend has been paid or declared by the Company since the end of the previous financial year. The Board of Directors do not recommend the payment of any dividend in respect of the financial year ended 31 December 2019. RESERVES AND PROVISIONS All material transfers to and from reserves or provisions during the financial year are disclosed in the financial statements. DIRECTORS The Directors in office during the financial year and during the previous period from the end of the financial year to the date of the report are as follows: Datuk Wira Azhar Abdul Hamid Datuk LimThean Shiang Dato’ Rosini Abd Samad Dato’ Haris Fadzilah Hassan (Appointed on 11.02.2019) Anuar Malek (Appointed on 13.08.2019) Dato’ Zainal Haji Ismail (Cessation of Office on 25.03.2020) Dato’ Hajjah Rosni Haji Zahari (Cessation of Office on 25.03.2020) Dato’ Ab Ghani Mohd Ali (Resigned on 13.08.2019) Dato’ Khairil Anuar Aziz (Resigned on 23.04.2019) The names of Directors of subsidiaries are set out in the respective subsidiary’s statutory accounts and the said information is deemed incorporated herein by such reference and made part thereof. MSM Malaysia Holdings Berhad | Annual Report 2019 106