corporate information - mira · at sime darby convention centre, kuala lumpur on 5 december 2018....

OVERVIEW & CONTENTS

OBJECTIVES & CORPORATE INFORMATION 1

LETTER FROM THE CHAIRMAN 2

DIRECTORS’ PROFILE 9

ACTIVITIES IN 2018/2019 14

THE INVESTOR RELATIONS AWARDS 2018 16

CERTIFICATE IN INVESTOR RELATIONS (CIR) 22

DIRECTORS’ REPORT 23

STATEMENT BY DIRECTORS 26

STATUTORY DECLARATION 26

INDEPENDENT AUDITORS’ REPORT 27

STATEMENT OF FINANCIAL POSITION 29

STATEMENT OF COMPREHENSIVE INCOME 30

STATEMENT OF CHANGES IN EQUITY 31

STATEMENT OF CASHFLOWS 32

NOTES TO THE FINANCIAL STATEMENTS 33

NOTICE OF TWELFTH ANNUAL GENERAL MEETING 44

LIST OF MEMBERS 46

FORM OF PROXY

• MIRA organises seminars and training workshops conducted by industry leaders and IR experts to train the IR community. These are “enrichment” programmes to provide members with exposure to money-can’t-buy-aspects if IR for the community

• MIRA organises the annual Malaysia IR Awards Cereromy to recognise exemplary best IR practices by PLCs and their management

• MIRAassists andguides companies to establish an IR function and implement an effective IR programme

• MIRA provides networking opportunities via knowledge sharing sessions for IR professionals to meet, exchange views and grow in their practice

• Since 2009, MIRA, in partnership with the IR Society, United Kingdom, conducts the Certificate in Investor Relations (“CIR”) examination, a professional examination recognised internationally

HOW CAN MIRA ASSIST YOU?

CONTENTS

OVERVIEWMIRA was established in June 2007, by Bursa Malaysia (the Stock Exchange of Malaysia), and funded by the Capital Market Development Fund (CMDF), a statutory fund under the purview of Securities Commission Malaysia.

VISIONA more efficient, shareholder-friendly capital market through excellence in Investor Relations.

MISSIONUsing Investor relations to promote corporate governance, transparency and enhance shareholder value for all.

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Overview Of MirA•Objective :To facilitate communication and closer relat ionships between public-l isted companies (“PLCs”) and the investment community.

MirA’S vALUe PrOPOSiTiONS• TrainingvouchersworthRM2,000forCorporateMembers to redeem when attending MIRA-organised seminars and workshops at members’ rates

• Training vouchers can also be redeemed for selected courses organised by the Securities Industry Development Corporation or SIDC, in collaboration with MIRA

• ComplimentaryaccesstoallMIRAMembersnetworking and knowledge-sharing sessions with IR practitioners

• InvitedmemberscanparticipateinMIRA’s“IRDay”event to profile themselves to investment analysts, fund managers and members of the media

MIRA’s primary objectives reflect its Charter, namely to facilitate communication and closer relationships between PLCs and the investor community.

Directors

Steven Tan Chek Chye

Chairman

Selvarany Rasiah

Mahdzir Othman

Clare Chin Kit Ching

Shane Guha Thakurta

Gregory Charles Poarch

BenjaminPohCheeFong

Samantha Tai Yit Chan

David William Berry

Company Secretaries

Wong Wai Foong

(MAICSA 7001358)

Lim Hooi Mooi

(MAICSA 0799764)

Ong Wai Leng

(MAICSA 7065544)

Registered OfficeUnit 30-01, Level 30, Tower AVertical Business SuiteAvenue 3, Bangsar SouthNo. 8 Jalan Kerinchi59200 Kuala LumpurT:60327839191F:60327839111

Corporate OfficeAnnexe Building, Bursa MalaysiaExchange Square, Bukit Kewangan50200 Kuala LumpurT:60320347677F:60327320771

Registered Number

200701018996 (777008-W)(Incorporated in Malaysia)

Auditors

Messrs Ernst & Young (AF 0039)

Bankers

Malayan Banking BerhadPublic Bank Berhad

CORPORATE INFORMATION

OBJECTIVES

MALAYSIAN INVESTOR RELATIONS ASSOCIATIONANNUAL REPORT 2019

•Membership:Membershipisopentocompanieslistedon Bursa Malaysia, investment banks, brokers and intermediaries, IR service providers and individuals. Membership Year starts from 1 July yearly, renewable annually. Corporate Membership fees for PLCs is RM2,500 per annum.

• Preferential rates formembers’ staff to sit for theCIR examinations

• CorporateMembersprofilingthroughspecialcollaboration with selected media publications

• Fornewlylistedcompanies,a50%discountonCorporate MembershipfeesforthefirstyearofjoiningMIRA(normal price:RM2,500per annum;discountedprice:RM1,250 per annum). Accordingly, newly listed companies will receive redeemable training vouchers worth RM1,000 uponjoiningMIRAandpreferentialratesforMIRAseminars & workshops


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LETTEr FrOm ThE ChaIrman

Dear MIRA Members,

It is indeed an honour to present MIRA’s annual report for the year ended 30 June 2019.

It was a difficult 12-months for the economy and markets and I’m glad to have played a part in guiding MIRA through this challenging period. The gradual slow down of the global economy was further aggravated by the US-China Trade War, which intensified through the year. The pace of global economic activity weakened and the wide-spread uncertainty brought about by the trade war took a toll on business confidence, investment decisions and trade flows. Domestic corporates were equally affected by these external factors, and coupled with Malaysia-specific challenges, companies were either re-strategising their businesses or prioritising their focus. Such market sentiments also weighed heavily on MIRA with these factors proving to be stumbling blocks in our efforts to membership renewal and new member recruitment, as well as notably weaker support for MIRA activities.

Nevertheless, we actively maintained a high number of education and knowledge sharing sessions, including supporting forums and conferences of relevant organisations such as the Securities Industry Development Corporation (SIDC), the Malaysian Institute of Accountants (MIA) and the Malaysian Institute of Corporate Governance (MICG), which provided significant enrichment and knowledge to IR teams of listed companies on Bursa Malaysia.

We continued to pursue various strategic partnerships to enhance membership value and drive membership. The team is exploring numerous collaboration opportunities. While some are in advanced stages of discussion and consideration, we have also had to decline some proposed partnerships.


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FINANCIAL PERFORMANCE

The softer sentiments translated to a decline in MIRA’s membership for the Membership Year ended 30 June 2019 from 122 to 116 members. Meanwhile, overall revenue increased slightly by 7% at RM321,495 (2018: RM301,403) mainly attributed to sponsorships and heartening support from corporates for the MIRA IR Awards 2018. For the year, notable expenses were attributed to hosting complimentary sessions, including a presentation on “Innovation” for MIRA IR Awards 2018 winners, as well as 3 sessions on “Artificial Intelligence”.

ACTIVITIES DURING THE YEAR

8th Malaysian IR Awards Ceremony (“The IR Awards”)

The 8th edition of The IR Awards was successfully held at Sime Darby Convention Centre, Kuala Lumpur on 5 December 2018. The Chief Executive Officer of Bursa Malaysia Berhad, Datuk Seri Tajuddin Atan, was the Guest of Honour for the event. The tagline was "Investor Relations: The Art of Communicating Value" where more than 400 corporate leaders and Investor Relations practitioners attended.

Nominations were received via a professional IR survey of over 900 analysts, brokers and investors carried out by

a media consultancy firm in September and October of 2018. MIRA partnered with KPMG where the final survey results were reviewed and validated by KPMG. Besides the defined criteria for the voting, leading nominees were additionally screened for adverse corporate developments, adherence to listing requirements and key financial ratios for relevant categories.

Nominees came from a wide segment of industries in the different categories, where the small caps category saw a notable increase in nominations. However, there was still lower coverage in the micro cap category. For more information on the results, please visit our website under IR Initiatives.

We are thankful to the sponsors and supporters for the Awards ceremony - Auto Bavaria, Axiata, MRCB, MyEg, and Matrix Concepts, Berjaya Food, Boardroom Corporate Services, and established IR vendors such as Aquilas, Esente, Imej Jiwa, and online IR services provider, ShareInvestor Malaysia.

We are also thankful to our media partners, namely, Astro Awani and Smart Investors for their support in releasing news of the IR Awards Ceremony to stakeholders. Our thanks to all the sponsors, supporters and parties involved in making the MIRA IR Awards ceremony a success.

Letter from the Chairman (cont’d)

More than 400 representatives from the Malaysian IR community and listed entities attended the prestigious Awards Ceremony

A total of 206 firms were nominated under 10 different Awards Categories


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To recognise and honour the MIRA IR Awards 2018 winners, MIRA ran a special session on “Innovation” in March 2019, aptly presented by the winner for “Best Company in IR”, Digi.com Berhad. All winners and nominees were invited to attend on a complimentary basis.

Recognition Event for IR Awards 2018 Winners & Nominees INNOVATION – How Big Companies & SMEs Can Tap Their Creative Power! Panelists – Mr. Albern Murty, CEO, Digi.Com Berhad, Mr. Rohit Nambiar, CEO, AXA Affin Life Insurance Berhad & Mr. Teoh C.Y. Kuan, MD of Sime Darby Industrial Sdn. Bhd.



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Mr. Nazri, Founder & CEO of MyFinb Group presenting on "Using Artificial Intelligence (AI) to analyse financial and business trends”

Education and Professional Development

For the year, besides the regular IR topics as refresher and for developing practitioners, topics of emphasis were also placed on corporate reporting, key disclosure obligations, understanding the corporate liability bill and exposure into technology with artificial intelligence.

Second MYFINB session entitled Impact of AI on Shareholder Value & Market Performance, "What Every Listco Needs to Know" held on 15th November 2018

MIRA in partnership with MYFINB organised an interactive session entitled Impact of AI on Shareholder Value & Market Performance, "What Every Listco Needs to Know" held on 8th November 2018

The session on “Artificial Intelligence” was a collaboration between MIRA, MIA and MyFinB. It was held on 27 February 2019 at Conference Room, Bursa Malaysia and was well received



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On demand MIRA workshop lead by Mr. Tan See Ping entitled SHAPE ANALYSTS' EXPECTATIONS! The fundamentals of how to win over equity analysts every company MUST know... on 18th October 2018

MIRA workshop entitled Unlock Shareholder Value with Compelling and Effective Storytelling presented by Mr. Alexander Winifred and Mr. Kazi Mahmood on 8th May 2019

Various topics on Investor Relations and other related subject matters are available in-house to corporations involving the Board of Directors, senior management and team, on their request. Do contact the Secretariat for more information.

MIRA in – house board training entitled “Financial Reporting & MFRS” conducted for Perak Corporation Berhad on 17th May 2019

Held on 11th July 2018, MIRA organized a workshop entitled “Business Transformation Using Capital Management Strategies” conducted by Mr. Boey Tak Kong



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Marketing and Events

To align investor relations officers (IROs)’ role with the increasing demand for more in-depth information relating to business strategies, financial analysis, business operations, governance and industry knowledge, IROs and chief financial officers of listed companies are strongly encouraged to keep up-to-date on developments of investor relations, disclosure requirements and governance by being a member of MIRA and actively attending the regular workshops that we conduct. It is also an opportunity for IR practitioners of all listed entities to get to network and learn from each other. For highlights of our events for the year, please refer to the education of professional development section.

The membership package for corporate, associate and individual memberships to MIRA has always been attractive and offers great value. Corporate Membership (CM) and Associate Membership (AM) subscription fees remain unchanged at RM2,500 and RM2,000 respectively for 12-months, although rising operating costs are putting a strain on our operations. As before, with the subscription fees, CMs and AMs are entitled to redeemable vouchers worth RM2,000 and RM1,600 respectively to attend MIRA fee-based workshops and training programmes at members’ rates.

Newly listed companies are also granted a 50% discount on the CM fees in their first year of membership i.e. RM1,250 for the first year. Correspondingly, they are entitled to RM1,000 worth of redeemable training vouchers during the year.

As part of membership privileges, members should participate actively in the various MIRA training workshops at members’ rates throughout the membership year. In addition, there are complimentary knowledge sharing sessions and external trainings and conferences with our collaborative partners that members can participate with preferential rates. MIRA continues to work on special benefits and value-added services for members.

IR Day Initiative

The IR Day is a value-added initiative by MIRA to the PLCs. The event is an investor access programme where PLCs can increase their visibility by conducting a presentation on their business and financial aspects to local institutional and professional investors. The event is targeted at companies to raise awareness and showcase good investment prospects to the investment community, mainly comprising a diverse group of research analysts, brokers and fund managers. If you are interested to participate in the event, please contact the MIRA Secretariat.

An IR day initiative, Mids Gems, jointly with Bursa Malaysia, will be held in September 2019. 5 companies from various sectors are invited to attend.

Certificate in Investor Relations (“CIR”)

The Certificate in Investor Relations (CIR) exam is an internationally recognised qualification from Investor Relations Society, United Kingdom. The Certification is appropriate for Investor Relations practitioners or related professions, or considering a move into Investor Relations. 1,200 candidates from over 25 countries have successfully passed the CIR, firmly establishing it as the leading IR qualification worldwide. Obtaining the CIR:

• Providesinternationalrecognitionasaqualified IR practitioner; • Demonstrates competence and growing expertise; • Enhancescareerdevelopment.

MIRA organizes 2-day preparatory courses to assist candidates who wish to sit for the CIR exam. Besides this course, candidates are also supported by the CIR Online Learning Support Module. Thereafter, candidates take a 1-hour exam comprising 60 objective questions.

As of 30 June 2019, we have seen 152 Malaysian candidates passing the CIR examination.

MEMBERSHIP

MIRA offers membership in the following categories:

i) Corporate Membership (CM - for companies listed on Bursa Malaysia); ii) Associate Membership (AM - for companies which provide IR services such as consultancy and technology); and iii) Individual Membership (IM - for IR professionals).

As at 30 June 2019, there were 104 CMs, 9 AMs and 3 IMs.

BOARD AND MANAGEMENT TEAM

During the membership year 2018/2019, there was a change to the MIRA Board.

Ms. Clare Chin, Head of Investor Relations at Axiata Group Berhad was appointed to the Board in 21 March 2019.



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In the meantime, while longer serving Board members retire, we are looking out for new Board members from diverse background who can contribute fresh ideas towards the advancement of MIRA for the benefit of the local IR community.

On behalf of the Board and the management of MIRA, I welcome the new Board member, Ms. Clare Chin, and look forward to her contribution for the betterment of MIRA and the IR community.

LOOKING AHEAD

With planned visits to the PLCs, the 2018/2019 Membership Year saw the entry of new members and continued support of the regular members. Nonetheless, some attrition has slowed the membership growth. We strongly urge the community to continue supporting MIRA for the betterment of the profession and for us to continue providing the best offerings and service to you.

We will continue with company visits to create awareness of MIRA and drive membership, as well as explore varying supporting campaigns and initiatives for membership growth and sustainability. On the same note, we are still negotiating various strategic partnerships to provide further value-added services to the PLCs.

On behalf of the Board, I wish to express my appreciation to the MIRA Secretariat team for their hard work and commitment, as well as to Bursa Malaysia who had provided valuable support and assistance to MIRA. I also like to take this opportunity to thank the service providers and partners who have supported our endeavors with their active contribution.

To my fellow Board members, thank you for offering your advice, sharing your wide-ranging knowledge and participation in Board meetings. I am also grateful to Bursa Malaysia and Capital Markets Development Fund (CMDF) under Securities Commission for their continued support and co-operation.

Finally, to YOU, our valued MIRA members, THANK YOU for your unwavering support.

Steven TanChairman


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STEVEN TAN CHEK CHYE

SELVARANY RASIAH

STEVEN TAN CHEK CHYE has headed the Investor Relations unit within the Group Finance department in CIMB Group Holdings for the past 10 years. He reports to the Group CEO and Group CFO and ensures consistency in messaging and information dissemination between management and stakeholders. Steven had previously had a 15-year career in sell-side equity research with his last posting as Senior Investment Analyst with CIMB Research since May 2003, having previously been with several other foreign and local stockbroking companies including BNP Paribas and Kim Eng. He graduated with a Bachelor Degree in Business majoring in Accounting from RMIT University, Melbourne, Australia. Steven received the Best Investor Relations Professional award for a Large-cap Company at the Malaysian Investor Relations Awards for 2011 and 2012.

SELVARANY RASIAH, a law graduate from the University of Malaya and has been admitted as an Advocate & Solicitor of the High Court of Malaya. She practiced law with a law firm in Kuala Lumpur before joining the KLSE Group. She

has held various positions in the Exchange Group of Companies and has significant experience in the business of stock exchange and the capital markets.

Selvarany has been extensively involved in capital market development and regulation. She played an

active role in strengthening the capital market post the Asian Financial Crisis and is no stranger to the Malaysia Capital Market. She was previously the Chief Regulatory Officer of the Exchange.

She is presently the Chief Commercial Officer of Bursa Malaysia Berhad. In her present position she is responsible to oversee the business in Securities Market, Derivatives

Market, Islamic Capital Market, Information Services as well as market development.

DIrECTOrS' PrOFILE


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MAHDZIR OTHMAN

SHANE GUHA THAKURTA

MAHDZIR OTHMAN is currently the Director of Securities Market and the Acting Director of Islamic Capital Market at Bursa Malaysia Berhad. He is also a member of Bursa Malaysia’s Management Committee. He joined Bursa in August 2017 and currently oversees the market and product development as well as marketing and promotion of Malaysian equities market.

Prior to joining Bursa, Mahdzir was the CEO of i-VCAP Management, a licensed Islamic fund management company, for seven years. He was previously the CIO of Valuecap Sdn Bhd., the parent company of i-VCAP, which he joined in 2003. Together with the stint in Valuecap, Mahdzir carries with him more than 23 years of working experience in fund management and capital market development activities, which include strategically leading an asset management company, marketing of investment products and services, and executing investment strategies.

Mahdzir holds a Bachelor of Science (Hons.) in Finance from Northern Illinois University, USA.

SHANE GUHA THAKURTA joined IJM Corporation Berhad in December 2007 as the Investor Relations Officer and is responsible for the Group's communication with the investment community.

He graduated with a Bachelor of Arts (Honours) Degree in Accounting and Finance from the University of Sheffield in 1999 before beginning his career at a chartered accountancy practice in the United Kingdom

providing accounting, audit and tax planning services to small and medium sized businesses.

Prior to joining IJM, he worked at Tanjong Public Limited Company in a finance role before being designated as the IR officer. He was voted the best IR professional in Malaysia in polls conducted

by international investor magazines from 2004 to 2006. Shane also received the Best Investor Relations Professional Award for a Mid-Cap Company at the Malaysia Investor Relations

Awards for 2013.

Directors' Profile (cont’d)


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GREGORY CHARLES POARCH

BENJAMIN POH CHEE FONG

GREGORY CHARLES POARCH, an American, is the Chief Financial Officer of JcbNext Berhad, formerly known as JobStreet Corporation Berhad (JCB), and is responsible for the overall financial operations of the JcbNext Group. Greg obtained his Bachelor of Science degree with a major in Accountancy from Southwestern Oklahoma State University in Oklahoma, USA in 1988.

Greg joined the JCB group in 2000 and was part of the senior management team which helped grow jobstreet.com to be the leading job portal in Southeast Asia prior to the sale of that business in November 2014. Subsequent to the sale of the jobstreet.com business, JCB was renamed as JcbNext Berhad.

BENJAMIN POH CHEE FONG is currently the Head of Investor Relations in Sime Darby Plantations Berhad. His responsibilities include planning and implementing investor relations activities of Sime Darby to provide a platform

for two-way communication between the Company and the investment community.

He has a Master Degree in Business Administration from the Monash University Malaysia and obtained his Fellowship of Association of Chartered Certified Accountants (ACCA) in 2004. He also holds a BA in

Accounting and Finance from the Strathclyde University, UK.

Prior to joining Sime Darby, he has more than 20 years working experience in audit, investment banking, investment management and investor relations.



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SAMANTHA TAI YIT CHAN

SAMANTHA TAI is a Fellow Member of the Malaysian Institute of Chartered Secretaries and Administrators (MAICSA). She has over 20 years of extensive experience in corporate secretarial work and provides advisory services including

due diligence reviews for corporate restructuring and related services such as IPOs, governance related advisory including Board assessment to clients of PLCs, liquidation and preparation of circulars for submission to Bursa

Malaysia.

She is a much sought-after trainer for in-house trainings and speaker for seminars organised by professional bodies/organisations and regulators.

Samantha has recently received the Asia Pacific Entrepreneurship Award 2019 – Outstanding

Category for Professional & Business Service Industry. She is also a board member of the Malaysian Investor Relations Association (MIRA) and Director of the Malaysian Alliance

of Corporate Directors (MACD).

CLARE CHIN KIT CHING

CLARE CHIN KIT CHING has been heading the Investor Relations team in Axiata Group Bhd since 2014. In addition to that, she is Head of Sub Region for the Operational, Development & Support team, a performance management unit overseeing operational and financial performance of operating companies within the group. Since joining Axiata, Clare has also spent some time in the Strategy team, which primary responsibility is developing the group’s long-range plan.

Prior to joining Axiata, Clare was a sell-side equity research analyst with 20 years industry experience. Her last posting was with CLSA Ltd., where she was Head of Research, Malaysia and subsequently Head of ASEAN Telecoms. Clare was previously attached to RHB Research, Deutsche Morgan Grenfell and GK Goh, and is an economics graduate of the London School of Economics and Political Science.



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DAVID WILLIAM BERRY

DAVID WILLIAM BERRY was an Executive Director at Boustead Heavy Industries Corporation Berhad (BHIC) until he retired on 30 March 2016. He had previously served BHIC as the Senior Independent Director and as Chairman of the Audit Committee from 2007. He has over thirty years’ experience in financial services and more than twenty years in the commercial sector and in corporate consulting.

He has worked in the United Kingdom, Malaysia, Kenya and Indonesia.

David Berry’s initial experience was in the financial services sector. He held senior positions with a number of international banks, including Standard Chartered Merchant Bank, with a posting as CEO of Chartered Merchant Bankers Malaysia between 1980 and 1983. He headed Affin Fund Management Sdn Bhd between 1998 and 2001.

In the commercial and consulting sector, David had experience in manufacturing and construction enterprises, and served as Executive Director/Chief Executive of Cahya Mata Sarawak (CMS) from 2002 to 2004. From 2005 to 2011 he headed the Corporate Governance, Investor Relations and Financial Communications practice at Columbus Circle Governance Sdn Bhd, before taking the executive directorship at BHIC. Today he runs his own private company, Fidelius Sdn Bhd.

David Berry’s unique combination of experience in merchant banking, investment management and corporate affairs helps him take a practical approach to corporate governance and investor relations issues. He is an active contributor to corporate governance thinking across the region, and was a founding contributor, faculty member and Programme Coordinator for the Financial Institution Directors' Education Programme, launched by Bank Negara Malaysia in 2008.

David has been a leader in the development of the investor relations profession in Malaysia. He is an Individual Honorary Member of MIRA and has been a Director since its founding in 2007. He is also Deputy President of the Malaysian Institute of Corporate Governance.



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05 JULY 2018EDUCATIONAL VISIT BY STUDENTS OF UTAR SUNGAI LONG CAMPUS

11 JULY 2018WORKSHOP ON “BUSINESS TRANSFORMATION USING CAPITAL MANAGEMENT STRATEGIES”

Speaker: Mr. Boey Tak Kong - Managing Director, Terus Mesra Sdn Bhd

25 JULY 2018WORKSHOP ON “CORPORATE LIABILITY PROVISION: EXPOSURE OF D IRECTORS, PARTNERS & MANAGEMENT ON OFFENCES COMMITTED BY EMPLOYEES OR OTHERS”

Speaker: Mr. Lee Min On - Member of MIA, MACPA

08 AUGUST 2018BUSINESS FORESIGHT FORUM 2018 “DISRUPTIONS AND COLLABORATIONS - THE RISE OF CAPITAL MARKET BUSINESS 4.0” (Supporting Partner)

Organiser: Securities Industry Development Corporation (SIDC)

18 SEPTEMBER 2018WORKSHOP ON “STORYTELLING TECHNIQUES IN INVESTOR RELATIONS”

Speaker:Mr. Niuh Jit Aun

09 OCTOBER 2018IN-HOUSE DIRECTOR TRAINING ON “MALAYSIAN ANTI-CORRUPTION COMMISSION AMENDMENT ACT 2018 & CORPORATE LIABILITY PROVISION” FOR MBM RESOURCES BERHAD

Speaker: Mr. Lee Min On - Member of MIA, MACPA

11 OCTOBER 2018MASTER CLASS “THE FUTURE OF CORPORATE REPORTING” (Supporting Partner)

Organiser:Malaysian Institute of Accountants (MIA)

aCTIVITIES In 2018/2019From 01 July 2018 to 30 June 2019

18 OCTOBER 2018WORKSHOP ON “SHAPE ANALYSTS’ EXPECTATIONS! THE FUNDAMENTALS OF HOW TO WIN OVER EQUITY ANALYSTS EVERY COMPANY MUST KNOW…”

Speaker:Mr. Tan See Ping

24 OCTOBER 2018SEMINAR ON “CORPORATE REPORTING (FINANCIAL & NON-FINANCIAL) BY LISTED ISSUERS: HOW TO AVOID REPRIMANDS AND/OR FINES BY THE REGULATORS”

Speaker: Mr. Lee Min On – Member of MIA, MACPA

14 NOVEMBER 20182019 BUDGET “WHAT YOU NEED TO KNOW: THE ECONOMY, CAPITAL MARKET AND YOU” (Supporting Partner)

Organiser: Securities Industry Development Corporation (SIDC)

08 & 15 NOVEMBER 2018STRATEGIC PARTNER “ IMPACT OF A I ON SHAREHOLDER VALUE & MARKET PERFORMANCE: WHAT EVERY LISTCO NEEDS TO KNOW”

Partner: MyFinB.com

05 DECEMBER 2018THE INVESTOR RELATIONS AWARDS 2018

The Investor Relations Awards 2018 was held in Kuala Lumpur on 5 December 2018 and was graced by Datuk Seri Tajuddin Atan, Chief Executive Officer of Bursa Malaysia as the Guest-of-Honour

18 DECEMBER 2018MIRA 11TH ANNUAL GENERAL MEETING (AGM)

MIRA held its 11th AGM at Training Room 3, Annexe Building, Bursa Malaysia, Exchange Square, Bukit Kewangan, 50200 Kuala Lumpur on Tuesday, 18th December 2018 at 3.00 p.m.

07 MARCH 2019WORKSHOP ON “KNOW YOUR INVESTORS (PART 2)”

Speaker:Mr. Tan See Ping

GOVERNANCE SYMPOSIUM 2019 “BUILDING A GOVERNANCE ECO-SYSTEM” (Supporting Partner)



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activities in 2018/2019

From 01 July 2018 to 30 June 2019 (cont’d)

08 MARCH 2019A SPECIALPRESENTATION ON INNOVATION “INNOVATION ISN'T JUST FOR STARTUPS: HOW BIG COMPANIES AND SMEs TOO CAN TAP THEIR CREATIVE POWER!”

Speaker:Digi.Com Berhad

25 & 26 MARCH 2019CERTIFICATE IN INVESTOR RELATIONS (CIR) 2019 - REVISION COURSE

28 MARCH 2019LEADERSHIP FORUM “10x GROWTH STRATEGIES - GROWING 10x AND BEYOND!”

Speakers:M Nazri - Founder & CEO, MyFinB.comMohammad Ridzuan Abdul Aziz - President, The Fintech Association of Malaysia (FOAM)

10 APRIL 2019WORKSHOP ON “STAYING LISTED - TRIALS & TRIBULATIONS OF A LISTED COMPANY”

Speaker: Mr. Chee Kai Mun – Director cum Principal Trainer, CKM Advisory Sdn Bhd

15 APRIL 2019AUDIT COMMITTEE CONFERENCE 2019 “MEETING THE NEW EXPECTATIONS” (Supporting Partner)

Joint Organiser:Malaysian Institute of Accountants (MIA)The Institute of Internal Auditors Malaysia (IIAM)

29 APRIL 2019CERTIFICATE IN INVESTOR RELATIONS (CIR) 2019 - EXAMINATION

08 MAY 2019WORKSHOP ON “UNLOCK SHAREHOLDER VALUE WITH COMPELLING AND EFFECTIVE STORYTELLING”

Speakers:Mr. Alexander WinifredMr. Kazi Mahmood

17 MAY 2019IN-HOUSE DIRECTOR TRAINING ON “FINANCIAL REPORTING & MFRS” FOR PERAK CORPORATION BERHAD


30 MAY 2019WORKSHOP ON “CRISIS MANAGEMENT: EFFECTIVE CORPORATE COMMUNICATION”

Speaker:Ms. Ivlynn Yap

13 JUNE 2019CFO CONFERERENCE 2019 “LEADING IN THE DIGITAL AGE” (Supporting Partner)


25 JUNE 2019MFRS CONFERERENCE 2019 “APPLICATIONS IN YOUR PRACTICE” (Supporting Partner)


27 JUNE 2019WORKSHOP ON “MANAGING CORPORATE GOVERNANCE CHALLENGES: COMPLIANCE REALITY”



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ThE InVESTOr rELaTIOnS awarDS 2018

Group Photo

From Left to Right:Raymond Gan (Chief Executive Officer, Kelington Group Berhad), Ng Beng Seng (Chief Executive Officer, Aemulus Holdings Berhad), See Sook Fong (Deputy General Manager, Finance, Top Glove Corporation Bhd), Zoanne Qoay (Management Associate, Investor Relations, Hong Leong Bank Berhad), Chow Sheng Wai (Head, Corporate Finance & Investor Relations, Hong Leong Bank Berhad), Dato’ Amirul Feisal Wan Zahir (Chief Financial Officer, Malayan Banking Berhad), Jeeva A/P Arulampalam (Head, Group Investor Relations, Malayan Banking Berhad), Dato’ Dr. Ir. Mohd Abdul Karim Abdullah (Group Chief Executive Officer, Serba Dinamik Holdings Berhad), Selvarany Rasiah (Chief Commercial Officer, Bursa Malaysia Berhad), Datuk Seri Tajuddin Atan (Chief Executive Officer, Bursa Malaysia Berhad), Steven Tan (MIRA Chairman), Albern Murty (Chief Executive Officer, Digi.Com Berhad), Lau Kean Cheong (Chief Executive Officer, Inari Amertron Berhad), Ng Seiw Kuan (General Manager, Corporate Planning, Strategy & Economics, Public Bank Berhad) Yee Julie Ann Mei (Assistant Vice President, CIMB Group Holdings Berhad), Hanif Idrose Mohamed (Head Of Investor Relations and Corporate Finance, AirAsia X Berhad), Khor Ying Chien (Investor Relations Executive, AirAsia X Berhad), Esme Law (Group Head of Investor Relations, AirAsia Berhad), Jared Tan Kong Guan (Vice President, Investor Relations, Alliance Bank Malaysia Berhad), Muhammad Ridhwan Effendy (Vice President, Strategic Planning & Investment, Gabungan AQRS Berhad), Raymond Wong Lai Loong (Group Chief Financial Officer, Alliance Bank Malaysia Berhad).

A. BEST COMPANY FOR INVESTOR RELATIONS WINNERS

1. Large Cap - Digi.Com Berhad 2. Mid Cap - Alliance Bank Malaysia Berhad 3. Small Cap - AirAsia X Berhad

From Left to Right: Steven Tan (MIRA Chairman), Datuk Seri Tajuddin Atan (Chief Executive Officer, Bursa Malaysia Berhad), Nakul Sehgal (Chief Financial Officer, Digi.Com Berhad), Raymond Wong Lai Loong (Chief Financial Officer, Alliance Bank Malaysia Berhad), Hanif Idrose Mohamed (Head of Investor Relations and Corporate Finance, AirAsia X Berhad)


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B. BEST CHIEF EXECUTIVE OFFICER FOR INVESTOR RELATIONS WINNERS 1. Large Cap - Albern Murty, Digi.Com Berhad 2. Mid Cap - Lau Kean Cheong , Inari Amertron Berhad 3. Small Cap - Dato’ Azizan Jaafar, Gabungan AQRS Berhad

From Left to Right: Lau Kean Cheong (Chief Executive Officer, Inari Ametron Berhad), Datuk Seri Tajuddin Atan (Chief Executive Officer, Bursa Malaysia Berhad), Steven Tan (MIRA Chairman), Albern Murty (Digi.Com Berhad), Muhammad Ridhwan Effendy (Vice President, Strategic Planning & Investment, Gabungan AQRS Berhad)

C. BEST CHIEF FINANCIAL OFFICER FOR INVESTOR RELATIONS

WINNERS 1. Large Cap - Dato’ Amirul Feisal Wan Zahir, Malayan Banking Berhad 2. Mid Cap - Lim Cheong Guan, Top Glove Corporation Bhd 3. Small Cap - Ng Chin Wah, Aemulus Holdings Berhad

From Left to Right: Dato’ Amirul Feisal Wan Zahir (Chief Financial Officer, Malayan Banking Berhad), Selvarany Rasiah (Chief Commercial Officer, Bursa Malaysia Berhad), Steven Tan (MIRA Chairman), See Sook Fong (Deputy General Manager, Finance, Top Glove Corporation Bhd), Ng Sang Beng (Chief Executive Officer, Aemulus Holdings Berhad)

The Investor relations awards 2018 (cont'd)


18

D. BEST INVESTOR RELATIONS PROFESSIONAL WINNERS 1. Large Cap - Chow Sheng Wai, Hong Leong Bank Berhad 2. Mid Cap - Tan Hong Ian, Alliance Bank Malaysia Berhad 3. Small Cap - Hanif Idrose Mohamed, AirAsia X Berhad

From Left to Right: Chow Sheng Wai (Head, Corporate Finance & Investor Relations, Hong Leong Bank Berhad), Selvarany Rasiah (Chief Commercial Officer, Bursa Malaysia Berhad), Steven Tan (MIRA Chairman), Jared Tan Kong Guan (Vice President, Investor Relations, Alliance Bank Malaysia Berhad), Hanif Idrose Mohamed (Head Of Investor Relations and Corporate Finance, AirAsia X Berhad)

E. BEST INVESTOR RELATIONS WEBSITE

WINNERS 1. Large Cap - CIMB Group Holdings Berhad 2. Mid Cap - AirAsia Berhad 3. Small Cap - AirAsia X Berhad

From Left to Right: Steven Tan (MIRA Chairman), Yee Julie Ann Mei (Assistant Vice President, CIMB Group Holdings Berhad), Khor Ying Chien (Investor Relations Executive, AirAsia X Berhad), Esme Law (Group Head of Investor Relations, AirAsia Berhad)



19

19

F. BEST MICRO-CAP COMPANY IN INVESTOR RELATIONS WINNERS – Kelington Group Berhad 1. Large Cap - Albern Murty, Digi.Com Berhad 2. Mid Cap - Lau Kean Cheong , Inari Amertron Berhad 3. Small Cap - Dato’ Azizan Jaafar, Gabungan AQRS Berhad

From Left to Right: Datuk Seri Tajuddin Atan (Chief Executive Officer, Bursa Malaysia Berhad), Raymond Gan (Chief Executive Officer, Kelington Group Berhad), Steven Tan (MIRA Chairman)

G. BEST IR FOR AN IPO IN 2017

WINNER - Serba Dinamik Holdings Berhad From Left to Right: Steven Tan (MIRA Chairman), Dato’ Dr. Ir. Mohd Abdul Karim Abdullah (Group Chief Executive Officer, Serba Dinamik Holdings Berhad)



20

H. BUSINESS KNOWLEDGE & INSIGHTS OF INVESTOR RELATIONS TEAM WINNER - Hartalega Holdings Berhad From Left to Right: Steven Tan (MIRA Chairman), Kuan Mun Keng (Executive Director, Hartalega Holdings Berhad)

I. MOST IMPROVED SERVICE FROM INVESTOR RELATIONS TEAM

WINNER - Hong Leong Bank Berhad From Left to Right: Steven Tan (MIRA Chairman), Zoanne Qoay (Management Associate, Investor Relations, Hong Leong Bank Berhad)



21

21

J. BEST QUALITY OF ANNUAL REPORTS/FORMAL DISCLOSURE WINNER - Malayan Banking Berhad From Left to Right: Steven Tan (MIRA Chairman), Jeeva A/P Arulampalam (Head, Group Investor Relations, Malayan Banking Berhad)

K. BEST QUALITY OF ONE-ON-ONE MEETINGS

WINNER - Public Bank Berhad From Left to Right: Steven Tan (MIRA Chairman), Ng Seiw Kuan (General Manager, Corporate Planning, Strategy & Economics, Public Bank Berhad)



22

CIR GRADUATES (as at 30 June 2019)

1. Abdul Manan Mohd Najib2. Ahmad Nizam Khan Jamil Khan3. Aisyatul Aizzura Salha AB Rahim4. Alex Lee Lip Sun5. Ang Tien Bin6. Angie Tan Lan Sin7. Azlil Ahmad8. Azlin Nasyara Ali9. Bailey Kho Chung Siang10. Bernard Tan Chin Teik

11. Carmen Chin How Mun12. Chang Kong Meng13. Chee Kok Meng14. Cheong Hong Kit15. Chern Meng Gaik16. Chew Pei Ling17. Chiew Ming Hern18. Chin Fook Kheong19. Chin Pei Fung20. Chong Set Fui

21. Christine Lau Fei Ling22. Christine Siew Pui Fun23. Connie Tong Lee Mee24. Desmond Foo25. Eddie Razak26. Elaine Lai Ee Ling27. Erik Wallace28. Faridah Hanim Abdul Rahman29. Fazlina Mohd Salman30. Fiona Ho Sook Han

31. Folk Jee Yoong32. Foong Yein Teng33. Gan Pei Joo34. Glory Narong35. Go Sin Sin36. Haniza Sabaran37. Haryati Yahya38. Hezreen Fareisha Abu Hasan39. Ho Wen Yan40. Huang Jiunn Min

41. Ian Leong42. Ida Rahayu Mohd Jamli43. Ismarita' Ismar44. Izan Hajar Ishak45. Jared Tan Kong Guan46. Jasmaliha Jaafar47. Joanna Chin48. John Selvaraj James49. Karen Ding Ming Nyuk50. Karine Goh Kar Ling

51. Keow Mei Lynn52. Koay Bee Eng53. Koay Lean Lee54. Lam Tze Kwan, Theresa55. Lau Kent Lit @ Loh Kent Lit56. Law Kher Sing57. Lean Poh Seong58. Lee Boon Hock59. Lee Ching Ching60. Lee Hock Lai

61. Lee Wee Kuan62. Lee Yen Foong63. Lee Yuen Lin64. Leelawathy Supramaniam65. Leong Chooi Kuen66. Leong Eoi Chun67. Lim Chee Hwa68. Lim Chiou Kim69. Lim Chui Ling70. Lim Dao Feng

71. Lim Hoon Hwa72. Lim Kek Siang73. Lim Lee San74. Lim Siew Ching75. Linda Chin Woon Fui76. Loh Poh Im77. Low Shu Hua78. Lyanna Tew79. Mabel Tan Bee Suan80. Mah Xian-Zhen

81. Mak Ngan Hoe82. Margaret Hon83. May Chan Sew Moh84. Md Nasir Noh85. Melaine Ong Sook Mun86. Melissa Liew Lay Kim87. Michelle May Nasaruddin88. Michelle Wong Mei Shan89. Mohamad Fadzli Suhaimi90. Mokhtar Mohamad

91. Muhammad Ali92. Natalia Inani Norsalehe93. Ng Chen Khim94. Ng Mee Ngok95. Ng Sook Yee96. Ngian Yoke Fung97. Nik Mohd Auni Nik Mat98. Norhaizam Mohammad99. Nur Asyirin Ibrahim100. Nurulafifah Abu Bakar

101. Patricia Hwong Siew Chium102. Peng Li Hoong103. Pon Siau Seng104. Raja Indra Putra105. Rasmona Abdul Rahman106. Raziff Shaaban107. S. Vikneshwaran108. S.Marsita binti S.Kasim109. Safarah Zeba Mohd Salim110. Sahil Singh Dev

111. Salmi Fatiha Mohd Hilmey112. Saravanan Desigamanie113. Sathiswaran Naidu A/L Gunalan114. Sazlina Mohd Zulkifli115. Shantini Vettiveloo116. Shirley Quah May Har117. Siti Sarina Md Idris118. Sonja Gan119. Sow Hooi Ling120. Syed Khalil Syed Ibrahim

121. Tan Choulyin122. Tan Hwai Lun123. Tan May Lee124. Tan May Yee125. Tan Peck Meng126. Tan Siew Wei127. Tan Wui Li128. Tang Kian Hiong129. Tang Liew Yen

130. Teh Kher Sin131. Teoh Teik Kean132. Thomas Hii Khing Siew133. Thong Kooi Pin134. Tong Sheau Wei135. Trixy Chua Zee Quin136. Tung Sook Wah137. Verena Chua Li Hsin138. Wong Yoke Mooi139. Wong Yuen Yee140. Wong Yuet Kheng

141. Yap Miow Sen142. Yap Mooi Kheng143. Yap Sooi Mee144. Yap Wai Yee145. Yee Julie Ann Min Wei146. Yip Tuck Wah147. Yong Pek Yen148. Zaida Alia Shaari149. Zaridan Ridzuan150. Zarik Zainuddin151. Zul Mawardi152. Zulkifli Mohd Salleh Sabai

CErTIFICaTE In InVESTOr rELaTIOnS (CIr)


23

Directors’ report

The Directors hereby present their report together with the audited financial statements of the Company for the financial year ended 30 June 2019.

Principal activity The principal activity of the Company is to promote the professional development of investor relations and the practice of investor relations by public-listed companies in Malaysia with the investment community.

There has been no change in the principal activity during the financial year.

Corporate entity The Company is a company limited by guarantee and has no share capital. It functions as a not-for-profit association for the benefit of its members.

Results RM Loss for the financial year (108,904)

There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the financial statementsIn the opinion of the Directors, the results of the operations of the Company during the financial year were not substantially affected by any item, transaction or event of a material and unusual nature.

Dividends No dividend has been paid or declared by the Company since the end of the previous financial year.

Directors The names of the directors of the Company in office since the date of the last report and at the date of this report are:

Steven Tan Chek Chye Selvarany Rasiah Mahdzir Bin Othman Shane Guha Thakurta Gregory Charles Poarch Poh Chee Fong Tai Yit Chan David William Berry Clare Chin Kit Ching (appointed on 21 March 2019)


24

Directors’ report(cont’d)

Directors’ benefits Neither at the end of the financial year, nor at any time during that year, did there subsist any arrangement to which the Company was a party, whereby the Directors might acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate.

Since the end of the previous financial year, no Director has received or become entitled to receive a benefit by reason of a contract made by the Company or a related corporation with any Director or with a firm of which the Director is a member, or with a company in which the Director has a substantial financial interest.

Directors’ interests The Company is limited by guarantee and therefore does not issue any shares. Accordingly, none of the directors has any shareholding in the Company or its related corporations during the financial year.

Other statutory information (a) Before the statement of financial position and statement of comprehensive income of the Company were

made out, the Directors took reasonable steps:

(i) to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of provision for doubtful debts and satisfied themselves that there were no known bad debts and that adequate provision had been made for doubtful debts; and

(ii) to ensure that any current assets which were unlikely to realise their values as shown in the accounting

records in the ordinary course of business had been written down to an amount which they might be expected so to realise.

(b) At the date of this report, the Directors are not aware of any circumstances which would render:

(i) it necessary to write off any bad debts or the amount of the provision for doubtful debts inadequate to any substantial extent; and

(ii) the values attributed to the current assets in the financial statements of the Company misleading.

(c) At the date of this report, the Directors are not aware of any circumstances which have arisen which would

render adherence to the existing method of valuation of assets or liabilities of the Company misleading or inappropriate.

(d) At the date of this report, the Directors are not aware of any circumstances not otherwise dealt with in this

report or the financial statements of the Company which would render any amount stated in the financial statements misleading.

(e) As at the date of this report, there does not exist:

(i) any charge on the assets of the Company which has arisen since the end of the financial year which secures the liabilities of any other person, or

(ii) any contingent liability of the Company which has arisen since the end of the financial year.


25

Other statutory information (cont’d)

(f) In the opinion of the Directors:

(i) no contingent or other liability has become enforceable or is likely to become enforceable within the period of twelve months after the end of the financial year which will or may affect the ability of the Company to meet its obligations when they fall due; and

(ii) no item, transaction or event of a material and unusual nature has arisen in the interval between the

end of the financial year and the date of this report which is likely to affect substantially the results of the operations of the Company for the financial year in which this report is made.

As at 30 June 2019, the Company has net liabilities and shareholders’ deficit of RM134,525. In view of the

fact that the Company relies on the government grant from the Capital Market Development Fund to operate as a going concern, the financial statements have been prepared on the basis other than going concern.

Auditors The auditors, Ernst & Young, have expressed their willingness to continue in office. The remuneration of the auditors are disclosed in Note 11 to the financial statements. Auditors indemnity To the extent permitted by law, the Company has agreed to indemnify its auditors, Ernst & Young, as part of the terms of its audit engagement against claims by third parties arising from the audit. No payment was made to indemnify Ernst & Young during or since the financial year. Signed on behalf of the Board in accordance with a resolution of the Directors dated 7 November 2019. Steven Tan Chek Chye Gregory Charles Poarch

Directors’ report(cont’d)


26

We, Steven Tan Chek Chye and Gregory Charles Poarch, being two of the Directors of Malaysian Investor Relations Association Berhad, do hereby state that, in the opinion of the Directors, the accompanying financial statements set out on pages 29 to 43 are drawn up in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act, 2016 in Malaysia so as to give a true and fair view of the financial position of the Company as at 30 June 2019 and of the results and the cash flows of the Company for the year then ended.

Signed on behalf of the Board in accordance with a resolution of the Directors dated 7 November 2019. Steven Tan Chek Chye Gregory Charles Poarch

statement by Directorspursuant to section 251(2) of the companies act, 2016

I, Steven Tan Chek Chye, being the director primarily responsible for the financial management of Malaysian Investor Relations Association Berhad, do solemnly and sincerely declare that the accompanying financial statements set out on pages 29 to 43 are in my opinion correct, and I make this solemn declaration conscientiously believing the same to be true and by virtue of the provisions of the Statutory Declarations Act, 1960.

Subscribed and solemnly declared by the abovenamed Steven Tan Chek Chye at Kuala Lumpur in the Federal Territory on 7 November 2019 Steven Tan Chek Chye

Before me,

Commissioner for Oaths

statutory Declarationpursuant to section 251(1)(b) of the companies act, 2016


27

Report on the audit of the financial statements

Opinion

We have audited the financial statements of Malaysian Investor Relations Association Berhad, which comprise the statement of financial position as at 30 June 2019, and the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies, as set out on pages 29 to 43.In our opinion, the accompanying financial statements, which have been prepared on a basis other than that a going concern (as disclosed in Note 2.1 of the financial statements), give a true and fair view of the financial position of the Company as at 30 June 2019, and of its financial performance and cash flows for the year then ended in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act 2016 in Malaysia.

Basis for opinion

We conducted our audit in accordance with approved standards on auditing in Malaysia and International Standards on Auditing. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Independence and other ethical responsibilities

We are independent of the Company in accordance with the By-Laws (on Professional Ethics, Conduct and Practice) of the Malaysian Institute of Accountants (“By-Laws”) and the International Code of Ethics for Professional Accountants (including International Independence Standards) (“IESBA Code”), and we have fulfilled our other ethical responsibilities in accordance with the By-Laws and the IESBA Code.

Information other than the financial statements and auditors’ report thereon

The directors of the Company are responsible for the other information. The other information comprises the Directors’ Report, but does not include the financial statements of the Company and our auditors’ report thereon.

Our opinion on the financial statements of the Company does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements of the Company, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements of the Company or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Responsibilities of the directors for the financial statements The directors of the Company are responsible for the preparation of financial statements of the Company that give a true and fair view in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act 2016 in Malaysia. The directors are also responsible for such internal control as the directors determine is necessary to enable the preparation of financial statements of the Company that are free from material misstatement, whether due to fraud or error. In preparing the financial statements of the Company, the directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. As disclosed in Note 2.1 of the financial statements, the financial statements of the Company have been prepared on the basis other than that a going concern.

inDepenDent auDitors’ report to the members of malaysian investor relations association berhad

(incorporated in malaysia)


28

Auditors’ responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements of the Company as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with approved standards on auditing in Malaysia and International Standards on Auditing will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with approved standards on auditing in Malaysia and International Standards on Auditing, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

� Identify and assess the risks of material misstatement of the financial statements of the Company, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

� Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.

� Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

� Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the financial statements of the Company or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Company to cease to continue as a going concern. As disclosed in Note 2.1 of the financial statements, the financial statements of the Company have been prepared on the basis other than that a going concern.

� Evaluate the overall presentation, structure and content of the financial statements of the Company, including the disclosures, and whether the financial statements of the Company represent the underlying transactions and events in a manner that achieves fair presentation.

Other matters

This report is made solely to the members of the Company, as a body, in accordance with Section 266 of the Companies Act 2016 in Malaysia and for no other purpose. We do not assume responsibility to any other person for the content of this report.

Ernst & Young Dato’ Megat Iskandar Shah Bin Mohamad NorAF: 0039 No. 03083/07/2019 JChartered Accountants Chartered Accountant Kuala Lumpur, Malaysia

independent auditors’ report (cont’d)


29

Note 2019 2018 RM RM Assets Sundry receivables 3 4,197 3,613Deposits with licensed financial institution 4 – 100,000Cash at bank 194,168 172,321

Total assets 198,365 275,934 Equity Retained earnings (134,525) (25,621)

Total equity (134,525) (25,621) Liabilities Fees received in advance 6 117,375 103,375Deferred income 46,900 58,000Sundry payables 7 168,615 140,180

Total liabilities 332,890 301,555 Total equity and liabilities 198,365 275,934

statement of financial position as at 30 June 2019

The accompanying notes form an integral part of the financial statements.


30

Note 2019 2018 RM RM Revenue 8 321,495 301,403 Other income 9 236,365 298,357 Staff costs 10 (366,667) (396,456)Other expenses 11 (300,097) (346,397)

Loss before taxation (108,904) (143,093)Income tax 12 – 1,424 Loss after taxation, representing total comprehensive loss for the financial year (108,904) (141,669)


statement of comprehensive incomefor the financial year ended 30 June 2019


31

Retained earnings RM At 1 July 2017 116,048 Total comprehensive loss for the financial year (141,669)

At 30 June 2018 (25,621)

At 1 July 2018 (25,621)Total comprehensive loss for the financial year (108,904)

At 30 June 2019 (134,525)

statement of changes in equityfor the financial year ended 30 June 2019



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2019 2018 RM RM Operating activities Loss before taxation (108,904) (143,093)Adjustment for: Income recognised from Government grant (Note 9) – (225,986) Allowance for/(reversal of) expected credit loss (“ECL”) on sundry receivables - net (Note 11) 30,450 (7,010) Interest income (Note 9) (3,764) (8,821)

Operating losses before working capital changes (82,218) (384,910)Changes in working capital: (Increase)/decrease in other receivables (31,055) 10,998 (Decrease)/increase in deferred income (11,100) 12,880 Increase in fees received in advance 14,000 38,675 Increase in other payables 28,435 20,668

Cash used in operations (81,938) (301,689)Interest received 3,785 8,886

Net cash used in operating activities (78,153) (292,803) Net decrease in cash and cash equivalents (78,153) (292,803)Cash and cash equivalents at beginning of the financial year 272,321 565,124

Cash and cash equivalents at end of the financial year 194,168 272,321

Cash and cash equivalents comprise: Cash at bank 194,168 172,321 Deposits with licensed financial institutions – 100,000

194,168 272,321

statement of cash flowsfor the financial year ended 30 June 2019



33

notes to the financial statementsfor the financial year ended 30 June 2018

1. Corporate information

The principal activity of the Company is to promote the professional development of investor relations and the practice of investor relations by public-listed companies in Malaysia with the investment community. There has been no change in the principal activity during the year.

The Company is a company limited by guarantee. The registered office is located at Unit 30-01, Level 30, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur.

Bursa Malaysia Berhad, a company incorporated in Malaysia, is the sole Founding Member of the Company.

The financial statements were authorised for issue by the Board of Directors in accordance with a resolution of the directors on 7 November 2019.

2. Significant accounting policies

2.1 Basis of preparation

The financial statements have been prepared in accordance with the Malaysian Financial Reporting Standards (“MFRS”), International Financial Reporting Standards and the requirements of the Companies Act, 2016 in Malaysia.

At the beginning of the current financial year, the Company had adopted all new and revised MFRS,

amendments to MFRS and Issues Committee (“IC”) Interpretations effective for annual periods beginning on or after 1 January 2017 as described fully in Note 2.3. The adoption of these new and revised MFRS, amendments to MFRS and IC Interpretations did not result in any significant impact to the financial position or performance of the Company.

The financial statements of the Company have been prepared on a historical cost basis, unless

otherwise indicated in the summary of significant accounting policies. The financial statements of the Company are presented in Ringgit Malaysia (“RM”). As at 30 June 2019, the Company has net liabilities and shareholders’ deficit of RM134,525. This

indicates the existence of an uncertainty which may cast significant doubt on the ability of the Company to continue as a going concern. The appropriateness of the going concern assumption for the preparation of the financial statements is dependent on the government grant from the Capital Market Development Fund to enable the Company to fulfil its obligations as and when they fall due.

At the date of this report, the Company fully utilised the government grant from the Capital Market

Development Fund and the proposal for requesting an additional grant is in the process. Accordingly, where appropriate, the carrying values of the assets as at 30 June 2019 are written down to their recoverable amounts and liabilities are recorded to the extent that such costs were committed at the end of the reporting period. The financial statements as at 30 June 2019 do not include future cost to liquidate the assets of the Company, settle any contingent liabilities or future administrative costs and professional fees to wind-up the activities of the Company. As the Company’s assets and liabilities consist primarily of financial assets and liabilities, the basis of preparation other than going concern did not result in different measurements from those under the going concern basis of preparation.


34

notes to the financial statements(cont’d)

2. Significant accounting policies (cont’d)

2.2 Summary of significant accounting policies

(a) Financial assets

Financial assets are recognised in the statement of financial position when, and only when, the Company becomes a party to the contractual provisions of the financial instrument.

When financial assets are recognised initially, they are measured at fair value, plus, in the case of financial assets not at fair value through profit or loss, directly attributable transaction costs.

The Company determines the classification of their financial assets at initial recognition. Financial assets with fixed or determinable payments that are not quoted in an active market are classified as financial assets at amortised cost.

All financial assets of the Company are classified as financial assets at amortised cost. They are held-to-collect and with cashflow which are Solely Payments of Principal and Interest (‘‘SPPI’’). These include cash and cash equivalents and sundry receivables.

These financial assets are initially recognised as fair value including direct and incremental transaction cost and subsequently measured at amortised cost using the effective interest method. Gains and losses are recognised in profit or loss when the loans and receivables are derecognised or impaired, and through the amortisation process.

A financial asset is derecognised when the contractual right to receive cash flows from the asset has expired. On derecognition of a financial asset in its entirety, the difference between the carrying amount and the sum of the consideration received is recognised in profit or loss.”

(b) Impairment of financial assets Prior to the implementation of MFRS 9 on 1 July 2018, the Company assesses at each reporting

date whether there is any objective evidence that its financial assets carried at amortised cost is impaired. If any such evidence exists, an impairment loss is recognised in profit or loss as the difference between the asset’s carrying amount and the present value of estimated future cash flow discounted at the financial asset’s original effective interest rate.

If in a subsequent period the amount of an impairment loss recognised on a financial asset

carried at amortised cost decreases and the decrease can be linked objectively to an event occurring after the write-down, the write-down is reversed through profit or loss.

Effective 1 July 2018, credit losses are recognised based on the expected credit loss (“ECL”)

model. The Company recognises loss allowances for ECL on financial instruments that are not measured at fair value through profit or loss (“FVTPL”), either on a 12-month or lifetime basis based on the significant increase in credit risk since initial recognition.

Given the limited exposure of the Company to credit risk, there is no material impact on the

Company’s financial statements. For balances which are short-term in nature and with no financing component (e.g. sundry receivables and prepayments), full impairment will be recognised on uncollected balances after the grace period is exceeded.

(c) Cash and cash equivalents Cash and cash equivalents include cash and bank balances, and short term deposits with

licensed financial institutions.


35



2.2 Summary of significant accounting policies (cont’d)

(d) Financial liabilities Financial liabilities are recognised in the statement of financial position when, and only when, the

Company becomes a party to the contractual provisions of the financial instrument. Financial liabilities are classified according to the substance of the contractual arrangements entered into and the definitions of a financial liability.

Financial liabilities are recognised initially at fair value plus directly attributable transaction costs

and subsequently measured at amortised cost using the effective interest method. Financial liabilities are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liabilities for at least twelve months after the reporting date. A financial liability is derecognised when the obligation under the liability is extinguished and the resulting gains or losses are recognised in profit or loss.

(e) Provisions Provisions are recognised when the Company has a present obligation (legal or constructive) as

a result of a past event, it is probable that an outflow of economic resources will be required to settle the obligation and the amount of the obligation can be estimated reliably.

Provisions are reviewed at each reporting date and adjusted to reflect the current best estimate.

If it is no longer probable that an outflow of economic resources will be required to settle the obligation, the provision is reversed. If the effect of the time value of money is material, provisions are discounted using a current pre tax rate that reflects, where appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.

(f) Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the

Company and the revenue can be reliably measured. The following specific recognition criteria must also be met before revenue is recognised:

(i) Membership fees Fees from members of the Company in excess of the estimated value of redeemable

vouchers issued are recognised over the pertaining membership period on a straight-line basis. The estimated value of redeemable vouchers yet to be utilised as at the reporting date is recognised as deferred income until the redeemable vouchers are utilised or have expired, at which time the amount is recognised in statement of comprehensive income.

(ii) Revenue from events held Fees from participants of events conducted by the Company, including the deferred income

referred to in Note 2.2(f)(i) above, are recognised on the days of the events being held.

(g) Other income

(i) Interest income Interest income from short-term placements and fixed deposits with licensed financial institutions

is recognised on an accrual basis using the effective interest method.


36



2.2 Summary of significant accounting policies (cont’d)

(g) Other income (cont’d)

(ii) Sponsorship income Sponshorship income is recognised on an accrual basis upon receival of the confirmation

replied slip from the members or non-members of the association. (iii) Other income All other income is recognised on an accrual basis.

(h) Government grants Government grants are recognised initially at their fair value in the statement of financial position

as deferred income where there is reasonable assurance that the grant will be received and all attaching conditions will be complied with. Grants that compensate the Company for expenses incurred are recognised as income over the periods necessary to match the grant on a systematic basis to the costs that it is intended to compensate.

(i) Employee benefits

(i) Short term benefits

Wages, salaries, bonuses and social security contributions (“SOCSO”) are recognised as an expense in the year in which the associated services are rendered by employees.

Short term accumulating compensated absences such as paid annual leave are recognised

when services are rendered by employees that increase their entitlement to future compensated absences. Short term non-accumulating compensated absences such as sick leave are recognised when the absences occur.

(ii) Defined contribution plan As required by law, companies in Malaysia make contributions to the Employees Provident

Fund (“EPF”). Such contributions are recognised as an expense in the profit or loss when incurred.

(j) Income tax Income tax on the profit or loss for the year comprises current and deferred tax. Current tax is

the expected amount of income taxes payable in respect of the taxable profit for the year and is measured using the tax rates that have been enacted at the reporting date.


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2.3 Changes in accounting policies and disclosures

On 1 July 2018, the Company adopted the following new and amended MFRS mandatory for annual financial periods beginning on or after 1 July 2018:

Effective for annual periods beginning on or Descriptions after MFRS 9 - Financial Instruments (IFRS 9 - Financial Instruments 1 January 2018 as issued by International Accounting Standards Board) 1 January 2018 MFRS 15 - Revenue from Contracts with Customers IC Interpretation 22 - Foreign Currency Transactions 1 January 2018 and Advance Consideration Clarifications to MFRS 15 Revenue from Contracts with Customers 1 January 2018 The adoption of the above standard and amendments did not result in the material impact to the

financial statements of the Company. The principal changes in accounting policies and their effects are set out below:

(i) MFRS 9 Financial Instruments MFRS 9 replaces the guidance in MFRS 139 Financial Instruments: Recognition and Measurement

for annual periods beginning on or after 1 July 2018, bringing together all three aspects of the accounting for financial instruments: classification and measurement, impairment and hedge accounting.

The Company applied MFRS 9 retrospectively, with an initial application date of 1 July 2018 and

no restatement of comparatives in accordance with MFRS 9. The standard did not result in a change to the classification or measurement of instruments.

(a) Classification, measurement and impairment Under MFRS 9, debt instruments are subsequently measured at fair value through profit or

loss, amortised cost, or fair value through other comprehensive income. The classification is based on two criteria: the Company’s business model for managing the assets; and whether the instruments’ contractual cash flows represent ‘solely payment of principal and interest’ on the principal amount outstanding.

The Company’s financial assets continues to be measured at amortised cost. There was no

material impact on adoption from the application of the new ECL impairment model.

(ii) MFRS 15 Revenue from Contracts with Customers MFRS 15 establishes a new five-step models that will apply to revenue arising from contracts

with customers. MFRS 15 supersedes the current revenue recognition guidance including MFR 118 Revenue, MFRS 111 Construction Contracts and the related interpretations when it becomes effective.

Under MFRS 15, an entity recognises revenue when (or as) a performance obligation is satisfied, i.e when “control” of the goods or services underlying the particular performance obligation is transferred to the customer.

The adoption of MFRS 15 does not have any impact to financial statements of the Company.


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2.4 Standards issued but not yet effective

As at the date of authorisation of these financial statements, the following new Standards and Amendments/Improvements to MFRS have been issued by the Malaysian Accounting Standards Board (“MASB”) but are not yet effective and have not been adopted by the Company:

Effective for annual periods beginning on or

Pronouncements issued but not yet effective: after

MFRS 16 - Leases 1 January 2019Prepayment Features with Negative Compensation (Amendments to MFRS 9) 1 January 2019Plan Amendment, Curtailment or Settlement 1 January 2019 (Amendments to MFRS 119 Employee Benefits)Long-term Interests in Associates and Joint Ventures (Amendments to MFRS 128) 1 January 2019Annual Improvements to MFRS Standards 2015-2017 Cycle (i) Previously Held Interest in a Joint Operation (Amendments to MFRS 3 Business Combinations) 1 January 2019 (ii) Previously Held Interest in a Joint Operation 1 January 2019 (Amendments to MFRS 11 Joint Arrangements) (iii) Income Tax Consequences of Payments on Financial Instruments 1 January 2019 Classified as Equity (Amendments to MFRS 112 Income Taxes) (iv) Borrowing Costs Eligible for Capitalisation (Amendments to 1 January 2019 MFRS 123 Borrowing Costs) IC Interpretation 23 - Uncertainty over Income Tax Treatments 1 January 2019Amendments to References to the Conceptual Framework in MFRS Standards (1) Amendments to MFRS 2 Share-Based Payment 1 January 2020 (2) Amendment to MFRS 3 Business Combinations 1 January 2020 (3) Amendments to MFRS 6 Exploration for and Evaluation of 1 January 2020

Mineral Resources (4) Amendment to MFRS 14 Regulatory Deferral Accounts 1 January 2020 (5) Amendments to MFRS 101 Presentation of Financial Statements 1 January 2020 (6) Amendments to MFRS 108 Accounting Policies, Changes in 1 January 2020 Accounting Estimates and Errors (7) Amendments to MFRS 134 Interim Financial Reporting 1 January 2020 (8) Amendment to MFRS 137 Provisions, Contingent Liabilities and Contingent Assets (9) Amendment to MFRS 138 Intangible Assets 1 January 2020 (10) Amendment to IC Interpretation 12 Service Concession Arrangements 1 January 2020 (11) Amendment to IC Interpretation 19 Extinguishing Financial 1 January 2020 Liabilities with Equity Instruments (12) Amendment to IC Interpretation 20 Stripping Costs in the 1 January 2020 Production Phase of a Surface Mine (13) Amendment to IC Interpretation 22 Foreign Currency 1 January 2020 Transactions and Advance Consideration (14) Amendments to IC Interpretation 132 Intangible Assets - Web Site Costs 1 January 2020MFRS 17 - Insurance Contracts 1 January 2021Sale or Contribution of Assets between an Investor and its Associate To be or Joint Venture (Amendments to MFRS 10 and MFRS 128) announced

The initial application of the above standard amendments and interpretation are not expected to have

any significant impact to the financial statements of the Company.


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2.5 Significant accounting estimates and judgment

The preparation of financial statements in accordance with MFRS requires the use of certain accounting estimates and exercise of judgment. Estimates and judgments are continually evaluated and are based on past experience, reasonable expectations of future events and other factors.

No major judgments have been made by management in applying the Company’s accounting policies. There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

3. Sundry receivables 2019 2018 RM RM Tax recoverable 1,162 1,162 Interest receivables – 21 Membership receivables 55,530 26,360 Prepayment 1,885 – Less: Allowance for ECL (54,380) (23,930)

Membership receivables, net 3,035 2,430

4,197 3,613 The Company’s normal trade credit term is 14 days (2018: 14 days). Other credit terms are assessed and

approved on a case-by-case basis. The sundry receivables of the Company are unsecured.

The ageing analysis of the Company’s membership receivables is as follows: 2019 2018 RM RM 1 to 30 days past due but not impaired 1,150 2,430 31 to 60 days past due but not impaired – – 61 to 90 days past due but not impaired – – More than 91 days past due but not impaired – – Impaired 54,380 23,930

55,530 26,360

Membership receivables that are individually determined to be impaired at the reporting date relate to debtors that have defaulted on payments. These receivables are not secured by any collateral or credit enhancements.


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3. Sundry receivables (cont’d)

Movement in allowance account: 2019 2018 RM RM At beginning of year 23,930 30,940 Charge for the year (Note 11) 32,830 9,990 Reversal of allowance for ECL (Note 11) (2,380) (17,000)

At end of year 54,380 23,930

4. Deposits with licensed financial institution 2019 2018 RM RM Deposits with licensed bank – 100,000

The weighted average effective interest rate (“WAEIR”) and the remaining maturities of the deposits at the reporting date are as follows:

2019 2018 Within Within WAEIR 3 months WAEIR 3 months % p.a. RM % p.a. RM Deposits with a licensed bank – – 3.75 100,000

Deposits with licensed bank are made for varying periods of between one day and three months depending on the immediate cash requirements of the Company, and earn interests at the respective short-term deposit rates.

Deposits with a licensed bank that are neither past due nor impaired are placed with or entered into with a reputable financial institution.


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5. Government grant The Company receives Government grant from the Capital Market Development Fund, an independent

statutory fund under purview of the Securities Commission, Malaysia. As at 30 June 2019, the total disbursement received was RM2,000,000. The grant was provided solely for financing the operations of the Company and is recognised as income in the period where the operating expenses incurred by the Company exceeds the income generated. The grant is received based on the delivery of designated milestones or Key Performance Indicators (KPIs).

2019 2018 RM RM Government grant received At 30 June 2,000,000 2,000,000 Accumulated income recognised from Government grant At beginning of year 2,000,000 1,774,014 Income recognised from Government grant (Note 9) – 225,986

At end of year 2,000,000 2,000,000 Unutilised Government grant – – The Company is in the process of applying for new government grant from Capital Market Development

Fund. 6. Fees received in advance Fees received in advance are in respect of membership fees of the next financial year. 7. Sundry payables 2019 2018 RM RM Accruals 145,315 117,380 Provisions 23,300 22,800

168,615 140,180

Sundry payables are non-interest bearing and are normally settled on average term of one month (2018: average term of one month).

8. Revenue Revenue is comprised of membership fees, registration fees and income from workshops. 2019 2018 RM RM Membership fees 246,285 216,179 Registration fees and income from workshops 75,210 85,224 321,495 301,403


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9. Other income 2019 2018 RM RM Income recognised from Government grant (Note 5) – 225,986 Interest income 3,764 8,821 Sponsorship receipts and sale of publications 232,601 63,550

236,365 298,357 10. Staff costs 2019 2018 RM RM Salaries and bonuses 320,461 351,654 EPF 39,975 40,304 SOCSO 5,135 3,368 Medical and insurance expenses 1,096 1,130

366,667 396,456 11. Other expenses 2019 2018 RM RM MIRA IR Awards 141,899 227,043 Seminar related expenses 79,995 67,913 Allowance for ECL (Note 3) 32,830 9,990 Auditors’ remuneration 12,000 10,500 Printing and stationeries 10,991 11,802 Professional fees 10,400 10,311 Travelling 6,699 6,543 Others 6,579 18,206 IT related expenses 1,084 1,089 Reversal of allowance for ECL (Note 3) (2,380) (17,000)

300,097 346,397

12. Income tax 2019 2018 RM RM Reversal of tax expense in prior years – (1,424) As the Company is a resident trade association, its income tax is assessed on a calendar year basis, at a

scaled rate.


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12. Income tax (cont’d)

A reconciliation of income tax expense applicable to loss before taxation at the latest applicable income tax rate of 3% to income tax expense at the effective income tax of the Company is as follows:

2019 2018 RM RM Loss before taxation (108,904) (143,093) Taxation at 3% (3,267) (4,293) Deferred tax asset not recognised 3,267 4,293 Reversal of tax expense in prior years – (1,424)

Income tax for the year – (1,424) The latest applicable income tax rate of 3% is in accordance with the latest scaled rate applicable to the

Company’s chargeable income.

13. Financial risk management objectives and capital management The overall financial risk management objective of the Company is to ensure that it creates value for its

members whilst managing its credit and liquidity risks. The Company does not have significant exposure to market risk. The Company operates within clearly defined guidelines that are approved by the Board and the Company’s policy is not to engage in speculative transactions.

(i) Credit risk The credit risk of the Company, or the risk of counterparties defaulting, is controlled by the application

of monitoring procedures and credit assessment. Receivables are monitored on an on-going basis via management reporting procedures. The Company has no significant concentration of credit risk from exposure to a single debtor or to group of debtors. The maximum credit risk associated with recognised financial assets is the carrying amount shown in the statement of financial position. For cash and bank balances, the Company minimises credit risk by dealing exclusively with reputable financial institutions.

(ii) Liquidity risk The Company receives Government grant from the Capital Market Development Fund, an independent

statutory fund under purview of the Securities Commission, Malaysia. As at 30 June 2018, the total disbursement received was RM2,000,000. The grant was provided solely for financing the operations of the Company. The Company actively manages its operating cash flows and maintains sufficient levels of cash and cash equivalents.

(iii) Fair values All financial assets and liabilities are carried at the amount approximating their fair values on the

statement of financial position due to their relatively short term in nature. The Company does not anticipate the carrying amounts recorded at the reporting date to significantly differ from the values that would eventually be received or settled.


44

NOTICE IS HEREBY GIVEN THAT the Twelfth Annual General Meeting of the Company will be held at Training Room 3, Annexe Building, Bursa Malaysia Berhad, Exchange Square, Bukit Kewangan, 50200 Kuala Lumpur on Wednesday, 11 December 2019 at 3.00 p.m. to transact the following businesses:-

As Ordinary Business

1. To receive the Audited Financial Statements for the financial year ended 30 June 2019 and the Reports of Directors and Auditors thereon.

[Please refer to the Explanatory

Notes to the Agenda]

2. To re-elect Tai Yit Chan who is retiring in accordance with Article 39 of the Constitution of the Company.

(Resolution 1)

3. To re-elect Gregory Charles Poarch who is retiring in accordance with Article 39 of the Constitution of the Company.

(Resolution 2)

4. To re-elect Clare Chin Kit Ching who is retiring in accordance with Article 46 of the Constitution of the Company.

(Resolution 3)

5. To re-appoint Messrs Ernst & Young as the Auditors of the Company and to authorise the Board of Directors to fix their remuneration.

(Resolution 4)

As Special Business

To consider and, if thought fit, to pass the following resolution:

6. To transact any other business of the Company of which due notice shall have been given.

By Order of the Board

WONG WAI FOONG (MAICSA 7001358)LIM HOOI MOOI (MAICSA NO. 0799764)ONG WAI LENG (MAICSA NO. 7065544)Company SecretariesKuala Lumpur

Date: 19 November 2019

notice of twelfth annual general meeting


45

NOTES:

1. A Corporate Member and Founding Member entitled to attend, speak and vote at the meeting shall be entitled to appoint proxy or attorney or authorised representative to attend, speak and vote at the meeting in his place. A proxy may but need not be a Member of the Company. No Corporate Member shall be entitled to vote at the meeting unless all moneys presently payable by him to the Company have been paid.

2. Associate Members, Individual Members and honorary members shall not have the right to vote at the

meeting but shall be entitled to attend and participate in discussion at the meeting of the Company. 3. Associate Members, which are entitled to attend the meeting shall appoint corporate representative to attend

the meeting in their stead. The Certificate of Appointment of Corporate Representative must be deposited at the Registered Office of the Company at Unit 30-01, Level 30, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur not less than forty-eight (48) hours before the time for holding the meeting or adjourned meeting.

4. The instrument appointing a proxy shall be in writing under seal or under the hand of an officer or attorney

duly authorised. The Directors may require evidence of the authority of any such attorney or officer. 5. The instrument appointing a proxy and the power of attorney or other authority, if any, under which it is signed

or a notarially certified copy of that power or authority shall be deposited at the Registered Office of the Company at Unit 30-01, Level 30, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur not less than forty-eight (48) hours before the time for holding the meeting or adjourned meeting at which the person named in the instrument proposes to vote, or, in the case of a poll, not less than twenty-four (24) hours before the time appointed for the taking of the poll, and in default the instrument of proxy shall not be treated as valid.

EXPLANATORY NOTES TO THE AGENDA

Item 1 of the Agenda

This item is meant for discussion only. Sections 248(2) and 340(1)(a) of the Companies Act 2016 only require the laying of the Audited Financial Statements and the Reports of the Directors and Auditors before an annual general meeting. Therefore, this item is not put forward for voting.

notice of twelfth annual general meeting(cont’d)


46

1 Advancecon Holdings Berhad**2 AEON Credit Service (M) Berhad**3 AirAsia X Berhad**4 Alam Maritim Resources Berhad5 Amlex Holdings Berhad**6 AMMB Holdings Berhad**7 Amway (Malaysia) Holdings Berhad**8 ASTRO Malaysia Holdings Berhad**9 Axiata Group Berhad**10 Axis REIT Managers Berhad**11 Benalec Holdings Berhad12 Berjaya Food Berhad13 BIMB Holdings Berhad**14 Boustead Heavy Industries Corporation Berhad**15 Boustead Holdings Berhad**17 Bursa Malaysia Berhad**18 C.I. Holdings Berhad**19 CapitaLand Malaysia Mall Trust20 Careplus Group Berhad21 Chemical Company of Malaysia Berhad22 CIMB Group Holdings Berhad**23 CJ Century Logistics Berhad24 Classic Scenic Berhad**25 Dagang Nexchange Berhad 26 Deleum Berhad**27 Digi.com Berhad**28 E.A. Technique (M) Berhad**29 Eco World Development Group Berhad30 Eco World International Berhad**31 ELK - Desa Resources Berhad32 Freight Management Holdings Berhad33 Frontken Corporation Berhad**34 Gamuda Berhad**35 GAS Malaysia Berhad**36 GD Express Carrier Berhad**37 Genting Plantations Berhad**38 Global Oriental Berhad**39 Hektar Asset Management Sdn Bhd**40 Hong Leong Bank Berhad**41 HSS Engineers Berhad42 Hua Yang Berhad**43 Icon Offshore Berhad44 IJM Corporation Berhad**45 IOI Propreties Group Berhad**46 JCBNext Berhad**47 Karambunai Corp Berhad48 Khazanah Nasional Berhad49 KLCC Property Holdings Berhad50 KPJ Healthcare Berhad**51 Kumpulan Perangsang Selangor Berhad**52 Land & General Berhad**53 Leong Hup International Berhad

list of membersfor membership year 2018/19 (01-Jul-2018 to 30-Jun-2019)

CORPORATE MEMBERS

54 Lotte Chemical Titan Holdings Berhad55 LPI Capital Berhad**56 Malayan Banking Berhad**57 Malayan Flour Mills Berhad**58 Malaysia Airports Holdings Berhad**59 Malaysian Resources Corporation Berhad**16 Matrix Concepts Holdings Berhad**60 MBSB Bank Berhad61 MISC Berhad**62 MKH Berhad 63 MyNews Holdings Berhad**64 Nova Pharma Solutions Berhad65 OCK Group Berhad**66 Paramount Corporation Berhad**67 Petra Energy Berhad**68 PETRONAS Chemicals Group Berhad69 PETRONAS Dagangan Berhad**70 PETRONAS Gas Berhad**71 Pharmaniaga Berhad72 PPB Group Berhad**73 Prestariang Berhad **74 Protasco Berhad**75 Public Bank Berhad**76 Puncak Niaga Holdings Berhad**77 Revenue Group Berhad78 RGB International Berhad79 RHB Banking Group Berhad**80 Salcon Engineering Berhad**81 Sasbadi Holdings Berhad**82 Sime Darby Plantations Berhad**83 Sime Darby Property Berhad**84 Southern Acids Berhad**85 SP Setia Berhad86 Spritzer Berhad87 Sunway Berhad**88 Sunway Construction Group Berhad89 Suria Capital Berhad**90 Telekom Malaysia Berhad**91 Tenaga Nasional Berhad**92 Time dotCom Berhad**93 Top Glove Corporation Bhd**94 TopVision Eye Specialist Berhad**95 Tri-Mode System (M) Berhad96 Tropicana Corporation Berhad**97 Tune Protect Group Berhad98 UEM Edgenta Berhad**99 UEM Sunrise Berhad**100 UMW Holdings Berhad**101 Uni Wall Aps Holdings Berhad**102 Velesto Energy Berhad**103 ViTrox Corporation Berhad104 Wah Seong Corporation Berhad**


47

ASSOCIATE MEMBERS

1 Aquilas Advisory (M) Sdn Bhd**

2 AGV Sustainability Sdn Bhd

3 BCT Asia Asociates Sdn Bhd**

4 Boardroom Corporate Services Sdn Bhd**

5 Capital Front PLT**

6 Esente Communications (M) Sdn Bhd

7 Insage (MSC) Sdn Bhd

8 Millennium Associates Sdn Bhd**

9 S.I Portal Sdn Bhd

INDIVIDUAL MEMBERS

Individual Honorary Member 1 David William Berry

Individual Full Member 1 Bernard Tan2 Lee Hock Lai

** renewed membership for Membership Year 2019/20

New MIRA Corporate Members for Membership Year 2019/20 (as at October 2019)

1 Alliance Financial Group Berhad

2 CE Technology Berhad

3 Eastern & Oriental Berhad

4 Genting Malaysia Berhad

5 Hibiscus Petroleum Berhad

6 Inari Amertron Berhad

7 KIP REIT Management Sdn Bhd

8 Malakoff Corporation Berhad

9 Manforce Group Berhad

10 Media Prima Berhad

11 QL Resources Berhad

12 Rhone Ma Holdings Berhad

13 SAM Engineering & Equipment (M) Berhad

14 SIME Darby Holdings Berhad

15 VSTECH Berhad

New MIRA Individual Members for Membership Year 2019/20 (as at October 2019)

Individual Full Member 1 Lee Kha Loon2 Ooi Hun Yong

list of members(cont’d)

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FORM OF PROXY

I/We, ...........................................................................................................................................................................(Full name in block letters)

of ....................................................................................................................................................................being a(Full address)

*Corporate Member / Founding Member / Associate Member of MALAYSIAN INVESTOR RELATIONS ASSOCIATION BERHAD hereby appoint ...................................................................................................................

or failing him, .......................................................................................................................................................... as our proxy to vote for us on our behalf at the Twelfth Annual General Meeting of the Company, to be held at Training Room 3, Annexe Building, Bursa Malaysia Berhad, Exchange Square, Bukit Kewangan, 50200 Kuala Lumpur on Wednesday, 11 December 2019 at 3.00 p.m. and at any adjournment thereof.

RESOLUTIONS FOR AGAINST

Ordinary Resolution 1 Re-election of Tai Yit Chan

Ordinary Resolution 2 Re-election of Gregory Charles Poarch

Ordinary Resolution 3 Re-election of Clare Chin Kit Ching

Ordinary Resolution 4 Re-appointment of Messrs Ernst & Young as the Auditors of the Company and to authorise the Board of Directors to fix their remuneration

The proxy is to vote in the manner indicated below, with an “X” in the appropriate spaces. If no specific direction as to voting is given, the proxy will vote or abstain from voting at *his/ her discretion.

Signed this .................................. day of ................................... 2019

Signature: ........................................ (Contact number: ....................................... )

NOTES:

1. A Corporate Member and Founding Member entitled to attend, speak and vote at the meeting shall be entitled to appoint proxy or attorney or authorised representative to attend, speak and vote at the meeting in his place. A proxy may but need not be a Member of the Company. No Corporate Member shall be entitled to vote at the meeting unless all moneys presently payable by him to the Company have been paid.

2. Associate Members, Individual Members and honorary members shall not have the right to vote at the meeting but shall be

entitled to attend and participate in discussion at the meeting of the Company. 3. Associate Members, which are entitled to attend the meeting shall appoint corporate representative to attend the meeting

in their stead. The Certificate of Appointment of Corporate Representative must be deposited at the Registered Office of the Company at Unit 30-01, Level 30, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur not less than forty-eight (48) hours before the time for holding the meeting or adjourned meeting.

4. The instrument appointing a proxy shall be in writing under seal or under the hand of an officer or attorney duly authorised.

The Directors may require evidence of the authority of any such attorney or officer. 5. The instrument appointing a proxy and the power of attorney or other authority, if any, under which it is signed or a notarially

certified copy of that power or authority shall be deposited at the Registered Office of the Company at Unit 30-01, Level 30, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur not less than forty-eight (48) hours before the time for holding the meeting or adjourned meeting at which the person named in the instrument proposes to vote, or, in the case of a poll, not less than twenty-four (24) hours before the time appointed for the taking of the poll, and in default the instrument of proxy shall not be treated as valid.

MALAYSIAN INVESTOR RELATIONS ASSOCIATION BERHADReg. No. 200701018996 (777008-W)

(Incorporated in Malaysia)

✄

MALAYSIAN INVESTOR RELATIONS ASSOCIATION BERHAD Reg. No. 200701018996 (777008-W)

Unit 30-01, Level 30, Tower AVertical Business Suite

Avenue 3, Bangsar SouthNo. 8, Jalan Kerinchi59200 Kuala Lumpur.

AFFIXSTAMPHERE

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corporate information - mira · at sime darby convention centre, kuala lumpur on 5 december 2018....

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