DESTINI Annual Report 2020

Dear Valued Shareholders, On behalf of the Board of Directors of Destini Berhad, I am pleased to present the Annual Report and Audited Financial Statements of the Group for the year 2020. Likemany businesses, Destini was not spared operationally and financially by the impact of the pandemic. Many strategies were planned out and executed to ensure that the Group remains sustainably operational throughout the year. Chairman’s Letter Tan Sri Dato’ Sri Rodzali Bin Daud Independent & Non-Executive Chairman The year 2020 was an unprecedented year and proved to have hosted the most challenging of business conditions from the impact of the COVID-19 pandemic. Lockdown measures imposed by Governments around the world to curb the spread of the virus saw widespread economic disruption that saw the collapse of oil prices and sent the global economy into recession. The outbreak came hot on the heels of an already cautious start of the year amidst the anticipated US presidential elections and the continuing trade tension between the US and China as well as the ongoing Brexit negotiations. Meanwhile, the local markets and business environment was feeling the spillover effects of yet another unprecedented political development. 32 ANNUAL REPORT 2020 DESTINI BERHAD

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