CHAIRMAN’S STATEMENT For FY2023, the Group contributed approximately RM2,916,802 in community engagement initiatives benefiting educational institutions, local communities and charitable organizations. We provide education facilities for the children of our plantation workers As a responsible corporate citizen, MKH places a strong emphasis on Corporate Social Responsibility (“CSR”). For FY2023, the Group contributed approximately RM2,916,802 in community engagement initiatives in Malaysia and Indonesia benefiting educational institutions, local communities and charitable organizations. For a comprehensive overview of MKH’s sustainability efforts, please refer to the “Sustainability Report” in this Annual Report, from page 38 to page 79. For FY2023, a first interim dividend of 4 sen per ordinary share, totaling approximately RM23.1 million, was declared on 29 November 2023, and paid on 10 January 2024. This dividend distribution represents around 30.97% of the Group’s net profit attributable to owners of the parent. We are confident in our ability to maintain sustainable development with our TOD model. We are optimistic that our strategy of offering affordable housing in prime locations with TOD concept will continue to receive strong demand. We are optimistic that CPO price will remain well supported in 2024 with the current CPO price trading at approximately RM3,600 per MT (net of export levy and duty) in Indonesia which augurs well for our Plantation Division. This positive projection can be attributed to the ongoing strong demand for palm oil and tighter global supply. Our shareholders have on 28 November 2023 approved the proposed listing of and quotation for the entire enlarged issued share capital of MKH Oil Palm (East Kalimantan) Berhad on the Main Market of Bursa Malaysia Securities Berhad (“Proposed Listing”) and the Proposed Listing is expected to be completed by the 2nd quarter of 2024. On behalf of the Board of Directors, I wish to express our sincere appreciation and gratitude to our esteemed shareholders, loyal customers, dedicated bankers, valued business associates and the authorities for their unwavering support of the Group. We are optimistic that CPO price will remain well supported in 2024 with the current CPO price trading at approximately RM3,600 per MT (net of export levy and duty) in Indonesia which augurs well for our Plantation Division. 16 MKH BERHAD | ANNUAL REPORT 2023
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