MSM Malaysia Holdings Berhad Annual Report 2020

In the near future some of the opportunities that MSM intends to pursue is the expansion of refined sugar to export markets like China, Indonesia, Singapore and Vietnam; growth in downstream sugar products like liquid sugar, fine syrup and premix; and business collaborations with major industry players like Wilmar, Maxwill and Coca-Cola to expand our business horizon. Assuming stable processing capacity and a positive export outlook, MSM will continue to be resilient and solidify its role as leader in the sugar industry. APPRECIATIONS I would like to extend my highest appreciation to our key stakeholders namely, the Ministry of Domestic Commerce and Consumer Affairs (KPDNHEP), sugar industry authorities, customers, suppliers and business partners for their continued support that has enabled MSM to withstand challenges and perform the business effectively during the year. I also hereby take the opportunity to thank Encik Fakhrunniam Othman who has served as Acting Group Chief Executive Office (GCEO) since September 2020, and welcome MSM’s newly appointed GCEO, Syed Feizal Syed Mohammad to the MSM family. I would also like to welcome Dato’ Amir Hamdan Hj Yusof to the Board on 12 January 2021. The Board looks forward to a dynamic working relationship with both of them. My appreciation is also extended to my fellow Board members, management and all MSM employees for their high commitment in managing and deliberating the business affairs allowing for responsive and seamless decision making. My gratitude also extends to all MSM shareholders for their continued trust and loyalty. Rest assured that after persevering through today’s challenges, we are highly committed in maximising value to our shareholders going forward. Thank you. DATUK SYED HISHAM SYEDWAZIR Chairman lndependent Non-Executive Director MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 7 SUSTAINABILITY REPORT EFFECTIVE LEADERSHIP CORPORATE GOVERNANCE FINANCIAL STATEMENTS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING