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Annual Report 2020

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Annual Report 2020 Registration No. 199101013622 (223934-T) Annual Report 2020 CONTENTS CORPORATE OVERVIEW OTHER INFORMATIONS 010 Corporate Diary 077 List of Properties 017 Corporate Information 081 Analysis of Shareholdings 010 018 Profile of Board of Directors 084 Notice of 29th 077 Annual General Meeting 024 Profile of Key Senior Management 086 Statement Accompanying 026 Corporate Structure Notice of 29th Annual General Meeting 028 Group Financial Highlights 087 Proxy Form 030 Board Report & Management Discussion and Analysis 040 Sustainability Statement FINANCIAL STATEMENTS 090 Directors’ Report CORPORATE GOVERNANCE 095 Statement by Directors 095 Statutory Declaration 055 Corporate Governance 089 Overview Statement 096 Independent Auditors’ Report to the Members of Bonia Corporation Berhad 067 Report of the Audit & 055 Risk Management Committee 101 Statements of Financial Position 072 Statement on Risk Management 102 Statements of Profit or Loss and & Internal Control Other Comprehensive Income 076 Directors’ Responsibility Statement 104 Consolidated Statement of Changes in Equity 105 Statement of Changes in Equity 106 Statements of Cash Flows 109 Notes to the Financial Statements 010 BONIA CORPORATION BERHAD | Annual Report 2020 CORPORATE DIARY November 2019 - April 2020 #ICHOOSEBONIA Campaign During this period, we worked with Key Opinion Leaders (“KOLs”) to increase our products’ visibility in the social sphere. During the ISOLE event that was held at the end of 2019, we managed to bring together these KOLs to drive organic social media reach under the hashtag #iChooseBONIA. HUNNY STEPHY CHLOE JACLYN Artist / TV Host / Songwriter | 146K | Lifestyle Influencer | 474K | Lifestyle Influencer | 297K | Fashion Influencer | 43.5K | Total Engagement 5.5% Total Engagement 17.81 % Total Engagement 14% Total Engagement 14.38% ANA JESTINNA MAY HO PUTERI AISHAH Fashion Influencer | 337K | Pharmacist / Fashion Influencer | 247K | Fashion Influencer | 375K | Artist | 942K | Total Engagement 12.57% Total Engagement 13.3% Total Engagement 16.1% Total Engagement 14.4% EIKA AISHAR SEAN LEE JANISS FONG Fashion & Beauty Influencer | 55K | Lifestyle Influencer | 390K | TV Host / Lifestyle Influencer | 759K | Lifestyle Influencer | 231K | Total Engagement 6.2% Total Engagement 23.99% Total Engagement 3% Total Engagement 1% Corporate Overview Corporate Governance Other Informations Financial Statements 011 Corporate Diary February 12, 2020 BONIA Awarded for The Most Outstanding Malaysian Brands Award at 3 Damansara Datuk Albert Chiang was present with other management and staff to receive the Most Outstanding Malaysian Brands Award under the Lifestyle segment from Branding Association of Malaysia. February 13, 2020 MRCA Presents BONIA with The International Exponential Growth Award at Imperial Ballroom, One World Hotel Following the success of BONIA being in the retail industry for 45 years, we were graced with more good news when we received recognition from the Malaysia Retail Chain Association (“MRCA”) for our outstanding achievement in the industry. Datuk Albert Chiang received the award on behalf of BONIA. 012 BONIA CORPORATION BERHAD | Annual Report 2020 Corporate Diary December 3, 2019 BONIA Celebrates 45 Years Together With The Launch of ISOLE Spring/Summer Collection at Fukuya Authentic Japanese Restaurant BONIA launched our Spring/Summer 2020 collection with a fashion event. Among the guests were editors from major media titles (print and digital), celebrities, socialites, social media influencers and friends of the brand. We transported every guest to an island themed fantasy by transforming the venue into what we called the BONIA ISOLE Cove. Venice Min Cai Pei Xuan Debbie Goh Datin Sri Linda Chen Chairman, S.S Chiang Dato’ Sri Daniel Chiang Nana Law Daphne Charice Wei Wei Lim Junees Teoh Juwei Teoh Brian See Corporate Overview Corporate Governance Other Informations Financial Statements 013 Corporate Diary December 14, 2019 BONIA Relaunch at East Coast Mall, Kuantan On 14 December 2019, BONIA renovated and reopened its boutique in East Coast Mall. The new look included fresh and vibrant displays of products with a more modern and elegant interior. KUANTAN SHAH ALAM October 26, 2019 Relaunching of BONIA Boutique at Central I-City, Shah Alam We relaunched our new concept boutique in the heart of Selangor’s Golden Triangle, Central I-City Mall. 014 BONIA CORPORATION BERHAD | Annual Report 2020 Corporate Diary Braun Buffel Opens 6 New Store Design Concept Boutiques Across Asia-Pacific Region Designed by Creative Director, Fabio Panzeri, setting the tone for a whole new Braun Buffel brand retail experience - one that invites customers to feel welcome and relaxed. The architectural philosophy of the new design concept radiates contemporary luxury where a fusion of heritage, modernity and industrial intersects - keeping up with the modern eclecticism that characterises the House’s new collections. The new contemporary vision for the brand is to create a new Braun Buffel brand experience across multiple physical and digital touch-points. The launch of the new store design concept is the first step of the House’s new business strategy. Braun Buffel Presents & Launches a Capsule Collection - Jumper Special Edition at Culture Cartel, 2019 Culture Cartel is Asia’s first and only all-emcompassing street culture convention, bringing together various subcultures and communities under one roof. A limited edition version of the bestseller shapes from the Jumper Collection were reimagined with metallic and neon accents. Exclusive bag customisations were done on-site by Visual Artist and Graffiti Writer, ClogTwo. Corporate Overview Corporate Governance Other Informations Financial Statements 015 Corporate Diary Braun Buffel Presents at The Sime Darby Motors Dreamride’ Exhibit, Alongside BMW, Mini, Jaguar, Land Rover & Volvo The first ever automobile exhibit by Sime Darby Motors featuring multiple luxury brands and incorporating lifestyle elements to create a unique shopping experience. Guests took home a mystery gift from Braun Buffel and a complimentary membership. Braun Buffel Commemorates Remy Martin’s Legacy by Presenting a Masterclass Artisans from Braun Buffel demonstrated the intricate art of leathercrafting at the first ever edition of La Maison Rémy Martin in Southeast Asia. Guests took home personalised artisanal leather goods by Braun Buffel. Astron: Inspired by space travel- Classic form contrasted with futuristic ideals, a highlight of our Neu Romantic collection for men. Corporate Overview Corporate Governance Other Informations Financial Statements 017 CORPORATE INFORMATION AS at 30 SEPTEMBER 2020 BOARD OF DIRECTORS Chiang Sang Sem Datuk Ng Peng Hong @ Ng Peng Hay Founder and Group Executive Chairman Senior Independent Non-Executive Director Dato’ Sri Chiang Fong Tat Chong Sai Sin Group Executive Director Independent Non-Executive Director Dato’ Sri Chiang Fong Seng Azian Binti Mohd Yusof Group Executive Director Independent Non-Executive Director Chong Chin Look Chiang May Ling Group Finance Director Alternate Director to Chiang Sang Sem Datuk Chiang Heng Kieng Chiang Fong Chyen Non-Independent Non-Executive Director Alternate Director to Datuk Chiang Heng Kieng Dato’ Sri Chiang Fong Yee Non-Independent Non-Executive Director AUDIT & RISK MANAGEMENT COMMITTEE NOMINATION & REMUNERATION COMMITTEE Chairman Chairman Datuk Ng Peng Hong @ Ng Peng Hay Datuk Ng Peng Hong @ Ng Peng Hay Members Members Chong Sai Sin Chong Sai Sin Azian Binti Mohd Yusof Azian Binti Mohd Yusof COMPANY SECRETARIES HEAD OFFICE SHARE REGISTRAR Chong Chin Look Level 6 Ikon Connaught Bina Management (M) Sdn. Bhd. Membership No. MIA 8043 Lot 160 Jalan Cerdas Lot 10 The Highway Centre SSM Practising Certificate Taman Connaught Cheras Jalan 51/205 46050 Petaling Jaya No. 202008001280 56000 Kuala Lumpur Selangor Darul Ehsan Malaysia Wilayah Persekutuan Malaysia Tel : +603-7784 3922 Chok Kwee Wah Tel : +603-9108 9000 Fax : +603-7784 1988 Membership No. MACS 00550 Fax : +603-9108 9098 SSM Practising Certificate No. 202008002837 STOCK EXCHANGE LISTING REGISTERED OFFICE Tan Kean Wai Main Market of Bursa Malaysia Membership No. MAICSA 7056310 No.5-1 Jalan Radin Bagus 9 Securities Berhad SSM Practising Certificate Bandar Baru Sri Petaling Stock Name: Bonia No. 202008000801 57000 Kuala Lumpur Stock Code: 9288 Wilayah Persekutuan Malaysia Tel : +603-9054 1498 AUDITORS Fax : +603-9054 1498 BDO PLT (LLP0018825-LCA & AF 0206) Chartered Accountants www.bonia.com www.instagram.com/bonia__official/ www.facebook.com/BoniaFashion www.youtube.com/BoniaFashion# 018 BONIA CORPORATION BERHAD | Annual Report 2020 PROFILE OF BOARD OF DIRECTORS CHIANG SANG SEM Founder and Group Executive Chairman Aged 67 | Malaysian | Male Chiang Sang Sem is the founder of BONIA. He was appointed to the Board on 16 June 1994 as the Executive Chairman of the Company. On 01 September 2018, he relinquished from his position as the Group Executive Chairman cum Chief Executive Officer and was re-designated as the “Founder cum Executive Director” of the Company. On 02 October 2018, he assumed the role of Group CEO and was re-designated as the “Founder, Group CEO and Group Executive Director” of Bonia Corporation Berhad. Thereafter, Chiang Sang Sem relinquished from his position as Group CEO and was re-designated as the “Founder and Group Executive Chairman” of the Company effective from 01 January 2020. His involvement in the leather industry spans a period of over 45 years. He possesses in-depth knowledge, skills and expertise
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