MSM Malaysia Holdings Berhad Annual Report 2020

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 2020. 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)/Profit for the financial year (71,228) 47,318 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 2020. 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 Syed Hisham Syed Wazir (Appointed on 08.05.2020) Datuk LimThean Shiang Dato’ Rosini Abd Samad Dato’ Haris Fadzilah Hassan Datuk Dr Abd Hapiz Abdullah (Appointed on 08.05.2020) Dato’ Muthanna Abdullah (Appointed on 08.05.2020) Choy Khai Choon (Appointed on 08.05.2020) Dato’ Amir Hamdan Hj Yusof (Appointed on 12.01.2021) Datuk Wira Azhar Abdul Hamid (Resigned on 31.05.2020) Anuar Malek (Demised on 11.07.2020) 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 Repor t 2020 123 SUSTAINABILITY REPORT EFFECTIVE LEADERSHIP CORPORATE GOVERNANCE FINANCIAL STATEMENTS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING