New Capacity with Higher Standards
Continuous Innovation & Quality HOVID BERHAD (58476-A) New Capacity with Higher Standards Annual Report 2016 Annual Report 2016 CONTENTS 2 NOTICE OF ANNUAL GENERAL MEETING 12 CORPORATE INFORMATION 13 CORPORATE STRUCTURE 14 DIRECTORS’ PROFILE 16 KEY MANAGEMENT PROFILE 18 CHAIRMAN’S STATEMENT 22 FINANCIAL HIGHLIGHTS 23 STATEMENT ON CORPORATE GOVERNANCE 33 STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL 35 AUDIT COMMITTEE REPORT 37 FINANCIAL STATEMENTS 112 LIST OF PROPERTIES 116 ANALYSIS OF SHAREHOLDINGS 118 ANALYSIS OF WARRANT HOLDINGS 120 SHARE BUY-BACK STATEMENT ENCLOSED PROXY FORM 2 HOVID BERHAD (58476-A) ANNUAL REPORT 2016 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-sixth (36th) Annual General Meeting (“AGM”) of Hovid Berhad (“Hovid” or “the Company”) will be held at Conference 1, Level 2, Weil Hotel, 292, Jalan Sultan Idris Shah, 30000 Ipoh, Perak Darul Ridzuan on Tuesday, 22 November 2016 at 10.30 a.m. for the following purposes:- AGENDA As Ordinary Business:- 1. To receive the Audited Financial Statements for the financial year ended 30 June 2016 Please refer to together with the Reports of the Directors and Independent Auditors thereon. Explanatory Note 1 2. To approve the payment of Directors’ fees of RM402,000 for the financial year ended 30 June Ordinary Resolution 1 2016. 3. To re-elect the following Directors who retire pursuant to Article 83 of the Company’s Articles of Association:- (a) Mr Chiam Tau Meng Ordinary Resolution 2 (b) Mr Goh Tian Hock Ordinary Resolution 3 4. To re-appoint Messrs SJ Grant Thornton as Auditors of the Company for the ensuing year Ordinary Resolution 4 and to authorise the Directors to fix their remuneration.
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