MSM Malaysia Holdings Berhad Annual Report 2021

DIRECTORS’ REPORT The Directors are pleased to 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 2021. 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 Profit for the financial year 125,353 200,895 DIVIDENDS On 10 March 2022, the Board of Directors agreed to declare the payment of a final single tier dividend of 3.0 sen per ordinary share amounting to RM21.09 million, which is not taxable in the hands of the shareholders pursuant to paragraph 12B of Schedule 6 of the Income Tax Act, 1967. 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 Choy Khai Choon Dato’ Muthanna Abdullah Datuk Dr Abd Hapiz Abdullah Dato’ Rosini Abd Samad Datuk LimThean Shiang Dato’ Amir Hamdan Hj Yusof Nik Fazila Binti Nik Mohamed Shihabuddin (Appointed on 18.10.2021) Azman Bin Ahmad (Appointed on 18.10.2021) Dato’ Haris Fadzilah Hassan (Resigned on 07.04.2021) 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. WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOWWE OPERATE MSM Malaysia Holdings Berhad ANNUAL INTEGRATED REPORT 2021 266