DESTINI Annual Report 2018

1991 MARCH • Satang Jaya Sdn Bhd (“Satang Jaya”) commenced operations as an aviation tools and spare parts supplier. 1998 MAY • Satang Jaya was awarded the contract to provide MRO services for RMAF’s safety and survival equipment under Ministry of Defence Malaysia’s (“MinDef”) Royal Malaysian Airforce (“RMAF”) Contractorisation Programme. 2005 DECEMBER • Satang Jaya entered Bursa Malaysia Securities Berhad (“Bursa Securities”), under the name Satang Jaya Holdings Berhad and subsequently changed its name to Satang Holdings Berhad (“Satang Holdings”) in June 2007. 2008 MAY • Satang Holdings triggered the prescribed criteria pursuant to Practice Note 17 (PN17) of the Main Market Listing Requirements of Bursa Securities. 2009 JULY • Satang Holdings shares were suspended from trading by Bursa Securities on July 13. 2011 SEPTEMBER • As part of its regularization plan, Satang Holdings changed its name to Destini Berhad to reflect a synergized and aligned business direction. The name change is also part of a turnaround plan for the Group to strengthen its financial muscles while exploring new business ventures. AUGUST • The suspension of trading in Destini’s shares was uplifted by Bursa Securities on August 13 after its regularization plan was approved. DECEMBER • Destini acquired a 51% stake in Singapore-based Vanguard Composite Engineering Pte Ltd (currently known as Vanguarde Pte Ltd), a company that manufactures lifeboats, fast rescue boats, davit systems and host of other safety equipment for the marine and oil and gas industries. DESTINI’S CORPORATE DIARY 2012 FEBRUARY • Destini acquired a 50% stake in automotive supply and service company System Enhancement Resources & Technologies Sdn Bhd (“SERT”). 2013 MARCH • Completed the purchase of oil and gas service provider Samudra Oil Services Sdn Bhd, now known as Destini Oil Services Sdn. Bhd. (“DOS”) for RM80 million. DESTINI BERHAD ANNUAL REPORT 2018 6