KENANGA INVESTMENT BANK BERHAD 10 INTEGRATED ANNUAL REPORT 2025 CHAIRMAN’S MESSAGE Dear Shareholders, The year 2025 was characterised by continued uncertainties across global markets, shaped by geopolitical tension and shifting trade and tariff policies. Volatility persisted as rapid economic, technological and regulatory developments continued to redefine how financial institutions operate and compete. Within this context, the ASEAN region demonstrated relative resilience. Structural strengths—including favourable demographics, regional supply chain repositioning and emphasis on sustainability and digitalisation, provided momentum even as global headwinds endured. As Malaysia assumed the ASEAN Chairmanship in 2025, the region advanced several integration priorities, including steps towards the ASEAN Economic Community Strategic Plan 2026–2030, focused on strengthening economic cooperation, improving regulatory alignment and supporting a more interconnected regional marketplace. Underpinned by these dynamics, Malaysia saw steady domestic economic activity supported by policy continuity and targeted reforms, although market participants remained cautious in view of external risks. Against this backdrop, Kenanga Investment Bank Berhad (“Kenanga” or “KIBB” or “the Company”) and its Group of Companies (“Kenanga Group” or “the Group”) navigated the year with a clear emphasis on resilient stewardship and sound governance. Our priorities remained anchored in safeguarding institutional integrity, maintaining strong oversight and ensuring that decisionmaking continues to be guided by discipline rather than short-term sentiment. YAM TAN SRI DATO’ SERI SYED ANWAR JAMALULLAIL Chairman/ Independent Non-Executive Director
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