13 P R G H O L D I N G S B E R H A D A N N U A L R E P O R T 2 0 2 1 The dedication and commitment from our senior management team and employees has propelled our Group to new heights. demand for the teak logs business and deliver all the sales contract as soon as the operations resume full capacity. The Group is also exploring other collaboration opportunity to expedite the sale of teak logs. We are positive on the recent acquisition of ESGL as it will enhance our group’s environmental, social, and governance strategies. We believe our group can perform better if we are deliberate about our role in society and act in the interests of our employees, customers, communities and our shareholders. The Russia-Ukraine crisis has clouded global outlook. The further disruption in global supply chain, rising raw material price, economic sanctions over Russia and volatility in currency have made our operating environment extremely challenging. The Group will continue to strive to operate within the constraints as well as looking into risk mitigation measures to ensure business continuity and long term sustainability. Appreciation On behalf of the Board, I wish to express sincere appreciation to our stakeholders for your contributions and support. The dedication and commitment from our senior management team and employees has propelled our Group to new heights. In its role as steward, the Board practices high standards of corporate governance. Their independence and diversity in thought goes a long way towards determining the Group’s success. I would like to take this opportunity to welcome Datin Azalina to our PRG board. She brings with her more than 25 years of work experience in the financial and capital markets. As a former regulator she will no doubt enhance our diversity and skill sets, we look forward to her contributions to PRG group. Last but not least, thank you to our esteemed shareholders for your trust, patience, and continuous confidence in our Company. The Board remained optimistic in delivering positive financial results and I am confident that FY2022 will be another exciting year for PRG Group. May you all be safe and healthy. DATO’ DR. AWANG ADEK BIN HUSSIN Independent Non-Executive Chairman (cont’d) Chairman’s Statement
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