CONTENTS Corporate Information 2 Group Corporate Structure 3 &KTGEVQTUŏ2TQſNG 4 -G[2GTUQPPGN2TQſNG 11 %'1/CPCIGOGPV&KUEWUUKQPCPF#PCN[UKU5VCVGOGPV 12 5WUVCKPCDKNKV[5VCVGOGPV 16 Audit and Risk Management Committee Report 20 Corporate Governance Overview Statement 23 #FFKVKQPCN%QORNKCPEG+PHQTOCVKQP 32 5VCVGOGPVQP4KUM/CPCIGOGPV+PVGTPCN%QPVTQN 33 4GRQTVU(KPCPEKCN5VCVGOGPV 36 0QVKEGQH6JG5GXGPVGGPVJ#PPWCN)GPGTCN/GGVKPI 192 5VCVGOGPV#EEQORCP[KPI0QVKEGQH6JG5GXGPVGGPVJ#PPWCN)GPGTCN/GGVKPI 195 #PCN[UKU1H5JCTGJQNFKPIU 196 #PCN[UKU1H9CTTCPVJQNFKPIU 198 Form of Proxy 201 CORPORATE INFORMATION Lim Een Hong Lim Thian Loong %JKGH'ZGEWVKXG1HſEGT'ZGEWVKXG&KTGEVQT Independent Non-Executive Director Dato’ Lee Chin Chong Su Keong Siong Executive Director Independent Non-Executive Director BOARD OF Dato’ Dr Mohd Ariff Bin Araff Chang Lih Kang DIRECTORS Senior Independent Non-Executive Director Independent Non-Executive Director Prof. Dato’ Raja Munir Shah Bin Raja Mustapha Independent Non-Executive Director AUDIT AND RISK COMPANY SECRETARIES AUDITORS MANAGAMENT COMMITTEE Chairman Wong Youn Kim UHY (AF 1411) Dato’ Dr Mohd Ariff Bin Araff MAICSA 7018778 Chartered Accountants Senior Independent Non-Executive Director 55/2TCEVKEKPI%GTVKſECVG0Q 5WKVG.GXGN The Gardens South Tower Members Sin May Peng /KF8CNNG[%KV[ Prof. Dato’ Raja Munir shah Bin MAICSA 7018354 Lingkaran Syed Putra Raja Mustapha 55/2TCEVKEKPI%GTVKſECVG0Q -WCNC.WORWT Independent Non-Executive Director 6GN0Q (CZ0Q Lim Thian Loong REGISTERED OFFICE Independent Non-Executive Director SHARE REGISTRAR .GXGN6QYGT#XGPWG NOMINATION COMMITTEE $CPIUCT5QWVJ%KV[ Tricor Investor & Issuing House -WCNC.WORWT Services Sdn. Bhd. 6GN0Q 7PKV.GXGN6QYGT# Chairman (CZ0Q 8GTVKECN$WUKPGUU5WKVG Dato’ Dr Mohd Ariff Bin Araff #XGPWG$CPIUCT5QWVJ Senior Independent Non-Executive Director 0Q,CNCP-GTKPEJK -WCNC.WORWT Members CORPORATE OFFICE 6GN0Q Prof. Dato’ Raja Munir Shah Bin (CZ0Q Raja Mustapha 0Q,CNCP Independent Non-Executive Director 6KQPI0CO+PFWUVTKCN2CTM5GEVKQP 5JCJ#NCO PRINCIPAL BANKERS Lim Thian Loong 5GNCPIQT&CTWN'JUCP Independent Non-Executive Director 6GN0Q /CNC[CP$CPMKPI$GTJCF (CZ0Q *5$%$CPM$GTJCF YGDUKVGYYYGFWURGEEQOO[ %+/$$CPM$GTJCF REMUNERATION COMMITTEE 'OCKNEQTRQTCVGCHHCKTU"GFWURGEEQOO[ 7PKVGF1XGTUGCU$CPM.KOKVGF (Singapore) Chairman 1%$%$CPM5KPICRQTG Prof. Dato’ Raja Munir Shah Bin Raja Mustapha STOCK EXCHANGE LISTING Independent Non-Executive Director Member #%'/CTMGVQHVJG$WTUC/CNC[UKC Dato’ Dr Mohd Ariff Bin Araff 5GEWTKVKGU$GTJCF Senior Independent Non-Executive Director 5VQEM0COG '&752'% 5VQEM%QFG Lim Thian Loong Independent Non-Executive Director 'FWURGE*QNFKPIU$GTJCF (200401008252) 2 #PPWCN4GRQTV GROUP CORPORATE STRUCTURE 'FWURGE*QNFKPIU$GTJCF (200401008252) 3 #PPWCN4GRQTV DIRECTORS’ PROFILE LIM EEN HONG Male, Aged 54, Malaysian %JKGH'ZGEWVKXG1HſEGT 'ZGEWVKXG&KTGEVQT /T.KO'GP*QPIYCUCRRQKPVGFVQVJG$QCTFQP/CTEJ $GUKFGU VJG /CNC[UKCP OCTMGV /T .KO CNUQ CEVKXGN[ CPFYCUTGFGUKIPCVGFCU%JKGH'ZGEWVKXG1HſEGTQHVJG EQNNCDQTCVGU YKVJ JKU EQWPVGTRCTVU KP 5KPICRQTG %JKPC %QORCP[QP5GRVGODGT +PFQPGUKC 6JCKNCPF CPF 8KGVPCO KP UGGMKPI VQ GUVCDNKUJ TGIKQPCNOCTMGVRTGUGPEGCPFVQKPVTQFWEGXCTKQWUGFWECVKQP $GHQTGEQOKPIHWNNVKOGKPVQVJG'FWECVKQPKPFWUVT[KP RTQITCOUCPFUGTXKEGUVQVJGUGEQWPVTKGUKPVJGTGIKQP /T.KOYCUCNCY[GTD[RTQHGUUKQPCPFJCFDGGPRTCEVKEKPI EQPVKPWQWUN[UKPEGCUCPCFXQECVGCPFUQNKEKVQTQHVJG /T .KO JCU CVVGPFGF CNN VJG HQWT $QCTF QH &KTGEVQTUŏ *KIJ %QWTV QH /CNC[C /T .KO YCU C RCTVPGT KP VJG NGICN OGGVKPIUJGNFFWTKPIVJGſPCPEKCN[GCTGPFGF(GDTWCT[ practice of Messrs Eugene Tan & Co before he set up his QYPſTO/T.KOYCUVJGHQWPFGTCPFOCPCIKPIRCTVPGTQH /GUUTU'*.KO.GG2CTVPGTUYJKEJYCUUGVWRKP /T .KO JCU PQ FKTGEVQTUJKR KP CP[ QVJGT RWDNKE NKUVGF /T.KOJCFUKPEGEGCUGFNGICNRTCEVKEGVQEQOOKVJKUECTGGT EQORCP[ *G JCU PQ HCOKN[ TGNCVKQPUJKR YKVJ CP[ QVJGT KP'FWECVKQP &KTGEVQT CPFQT OCLQT UJCTGJQNFGT QH VJG %QORCP[ CPF his directorship in the Company does not give rise to any Since his debut into the Education industry Mr Lim has EQPƀKEVQHKPVGTGUVUKVWCVKQP*GJCUPQVDGGPEQPXKEVGFQH YQTMGF VKTGNGUUN[ VQ YJCV JG VGTOGF CU KPUVKVWVKQPCNKUKPI CP[QHHGPEGYKVJKPVJGRCUVſXG [GCTU QVJGTVJCPVTCHſE -GFWECVKQP5KPEGLQKPKPIVJGDQCTF/T.KOJCUYQTMGF QHHGPEG KH CP[ PQT KORQUGF YKVJ CP[ RWDNKE UCPEVKQP QT FKNKIGPVN[ VQ RTQOQVG JKU KFGCNU KP RWDNKE QT SWCUKRWDNKE RGPCNV[D[VJGTGNGXCPVTGIWNCVQT[DQFKGUFWTKPIVJGſPCPEKCN 'FWECVKQP UGEVQT #V JKU KPKVKCVKXG VJG '*$ )TQWR KU PQY [GCTGPFGF(GDTWCT[ YQTMKPIXGT[ENQUGN[YKVJXCTKQWUOWNVKPCVKQPCNEQORCPKGU UWEJCU/KETQUQHV#EGTCPFXCTKQWU/1'UKPVJG5QWVJGCUV #UKC TGIKQP /T .KO JCU CNUQ GPFGCXQWTGF VQ EQTTQDQTCVG YKVJQVJGTRNC[GTUKPVJGKPFWUVT[VQUGGCDGVVGTITQYVJKP VJGSWCNKVCVKXGCURGEVUKPVJGKPFWUVT[ 'FWURGE*QNFKPIU$GTJCF (200401008252) 4 #PPWCN4GRQTV DIRECTORS’ PROFILE (cont’d) DATO’DA DR MMOHDO ARIFF BIN ARAFF MMale,a Aged 76, MMalaysiana 5G5GPKQT+PFGRGPFGPV0QPP ''ZGEWVKXG&KTGEVQTZG &CVQŏ&T/QJF#TKHH$KP#TCHHYCUCRRQKPVGFVQVJG$QCTFQP &GEGODGT&CVQŏ#TKHHYCUTGFGUKIPCVGFCU%JCKTOCP of the Audit and Risk Management Committee on 15 September &CVQŏ #TKHH KU CNUQ VJG %JCKTOCP QH VJG 0QOKPCVKQP %QOOKVVGGCPFC/GODGTQHVJG4GOWPGTCVKQP%QOOKVVGG +P &CVQŏ #TKHH YCU CRRQKPVGF CU C $QCTF /GODGT QH /CNC[UKC 'PGTI[ %GPVTG 2WUCV 6GPCIC /CNC[UKC 26/ WPVKN &CVQŏ#TKHHJQNFUC$CEJGNQTQH5EKGPEG *QPU HTQO7PKXGTUKV[ 1EVQDGT7UKPIJKUXCUVGZRGTKGPEGUKP2QYGT'PIKPGGTKPI QH$TKIJVQPKP7PKVGF-KPIFQO/+'/ /CNC[UKC 2'PI/+'' CPF/CPCIGOGPV&CVQŏ#TKHHJGNRGFVQUVGGT26/VQDGEQOG %'PI 7PKVGF-KPIFQO /+''' 75# 5/2 *CTXCTF #/2 CRTGOKGT2QYGT4GUGCTEJ+PUVKVWVG&CVQŏ#TKHHYCUCRRQKPVGF +05'#& CPF&505526, %JCKTOCP QH /+/15 $GTJCF C RTGOKGT IQXGTPOGPVQYPGF 4& GUVCDNKUJOGPV HQT +%6 UKPEG 1EVQDGT WPVKN VJ &CVQŏ #TKHH JCU GZVGPUKXG GZRGTKGPEG KP 'NGEVTKE 7VKNKV[ &GEGODGT+PYJKNGCU%JCKTOCPQH/+/15&CVQŏ 'PIKPGGTKPI CPF /CPCIGOGPV &CVQŏ #TKHH JCU YQTMGF KP #TKHHYCUEQPHGTTGFVJGRTGUVKIKQWUCYCTF526, XCTKQWUECRCEKVKGUKP)GPGTCVKQP6TCPUOKUUKQPCPF&KUVTKDWVKQP &KXKUKQPU QH 6GPCIC 0CUKQPCN VJG DKIIGUV GNGEVTKE WVKNKV[ KP &CVQŏ#TKHHKU%Q%JCKTOCPQH&QDNG+PVGTPCVKQPCN'PIKPGGTKPI /CNC[UKC+PVJG[GCTUJGJCUYQTMGFYKVJ6GPCIC0CUKQPCN %QOOKVVGG 75# HQT6TCPUHQTOGTU&CVQŏ#TKHHYCUQPEGVJG &CVQŏ#TKHHJCUEQORNGVGFOCP[XCTKGFCUUKIPOGPVUKPCTGCUQH 2TGUKFGPVQH60$5GPKQT1HſEGTU#UUQEKCVKQP C6TCFG7PKQP )GPGTCVKQPCPF6TCPUOKUUKQP2TQLGEVU)GPGTCVKQP1RGTCVKQP CPF EWTTGPVN[ JQNFU UGXGTCN RQUKVKQPU CU #FXKUQT%JCKTOCP 7VKNKV[2NCPPKPI6TCPUOKUUKQPCPF&KUVTKDWVKQP/CPCIGOGPV+6 $QCTF /GODGT QH RTKXCVG EQTRQTCVKQPU CPF EQQRGTCVKXG #RRNKECVKQPUKP&KUVTKDWVKQP%QTRQTCVG/CPCIGOGPV4GUGCTEJ KPUVKVWVKQPU CPF&GXGNQROGPVCPF%QOOGTEKCNK\CVKQPQH4GUGCTEJ2TQFWEVU &CVQŏ#TKHHCVVGPFGFCNNVJG$QCTFOGGVKPIUJGNFFWTKPIVJG 4GVKTGFHTQO60$KP#RTKNCU/CPCIKPI&KTGEVQT%'1QH ſPCPEKCN[GCTGPFGF(GDTWCT[ 60$ 4GUGCTEJ &CVQŏ #TKHH YCU TGCRRQKPVGF CU CP #FXKUQT VQ 60$ 4GUGCTEJ QP EQPVTCEV DCUKU HQT VYQ [GCTU CPF VJGTGCHVGT &CVQŏ #TKHH JCU PQ FKTGEVQTUJKR KP CP[ QVJGT RWDNKE NKUVGF YCUCRRQKPVGFCUC&KTGEVQTVQVJG$QCTFQH60$4GUGCTEJ5FP EQORCP[ &CVQŏ #TKHH JCU PQ HCOKN[ TGNCVKQPUJKR YKVJ CP[ $JFHTQOWPVKN5GRVGODGT&CVQŏ#TKHHKUCOGODGT &KTGEVQTCPFQTUWDUVCPVKCNUJCTGJQNFGTQHVJG%QORCP[CPFJKU QH#5'#09QTMKPI)TQWRQP7VKNKV[5VCPFCTFUCUYGNNCUVJG FKTGEVQTUJKRKPVJG%QORCP[FQGUPQVIKXGTKUGVQCP[EQPƀKEV 9QTMKPI)TQWRQP4GUGCTEJ&GXGNQROGPVCPF'PIKPGGTKPI QHKPVGTGUVUKVWCVKQP&CVQŏ#TKHHJCUPQVDGGPEQPXKEVGFQHCP[ +PVGTPCVKQPCNN[ &CVQŏ #TKHH KU C TGIKUVGTGF 70+&1 'ZRGTV QP QHHGPEGYKVJKPVJGRCUVſXG [GCTU QVJGTVJCPVTCHſEQHHGPEG Energy Audit and Energy Conservation and UNCTAD Expert on KHCP[ PQTKORQUGFYKVJCP[RWDNKEUCPEVKQPQTRGPCNV[D[VJG 2QYGT)GPGTCVKQPCPF6TCPUOKUUKQP'SWKROGPVU TGNGXCPVTGIWNCVQT[DQFKGUFWTKPIVJGſPCPEKCN[GCT 'FWURGE*QNFKPIU$GTJCF (200401008252) 5 #PPWCN4GRQTV DIRECTORS’ PROFILE (cont’d) PROF. DATO’ RAJA MUNIR SHAH BIN RAJA MUSTAPHA Male, Aged 58, Malaysian +PFGRGPFGPV0QP 'ZGEWVKXG&KTGEVQT 2TQH&CVQŏ4CLC/WPKTYCUCYCTFGF2KPICV,CUC/CU[CTCMCV ő2,/Œ 2KPICV ,CUC -GDCMVKCP ő2,-Œ 2KPICV -GNCMWCP 2TQH &CVQŏ 4CLC /WPKT 5JCJ $KP 4CLC /WUVCRJC YCU 6GTRWLK ő2-6Œ CPF &CTLCJ ,QJCP 0GIGTK ő&,0Œ D[ *KU CRRQKPVGF VQ VJG $QCTF QP &GEGODGT 2TQH 'ZEGNNGPE[ 6;6 )QXGTQT QH 2GPCPI KP &CVQŏ 4CLC /WPKT YCU TGFGUKIPCVGF CU %JCKTOCP QH VJG CPF TGURGEVKXGN[ +P 2TQH &CVQŏ 4CLC /WPKT 4GOWPGTCVKQP %QOOKVVGG QP #WIWUV 2TQH YCU CYCTFGF YKVJ 2KPICV 2CPIMWCP 0GICTC ő220Œ D[ &CVQŏ4CLC/WPKTKUCNUQC/GODGTQHVJG#WFKVCPF4KUM &;//;CPI&K2GTVWCP#IQPI+P2TQH&CVQŏ4CLC /CPCIGOGPV%QOOKVVGGCPF0QOKPCVKQP%QOOKVVGG /WPKT YCU EQPHGTTGF VJG &CTLCJ +PFGTC /CJMQVC 2CJCPI ő&+/2Œ YJKEJECTTKGUVJGVKVNGő&CVQŒD[VJG&;//5WNVCP 2TQH&CVQŏ4CLC/WPKTITCFWCVGFYKVJC&KRNQOCKP$WUKPGUU QH2CJCPI2TQH&CVQŏ4CLC/WPKT5JCJYCUCRRQKPVGFCU /CPCIGOGPV CV 2GVGTDQTQWIJ 4GIKQPCN %QNNGIG 7PKVGF CP #FLWEV 2TQHGUUQT D[ 7PKXGTUKV[ 7VCTC /CNC[UKC 77/ -KPIFQO 5EJQQNQH%QORWVKPIKP0QXGODGTHQTJKUEQPVTKDWVKQP KPVJG+6+PFWUVT[ 2TQH &CVQŏ 4CLC /WPKT UVCTVGF JKU ECTGGT CU CP 1RGTCVKQP 'ZGEWVKXG KP 9CIQP 'PIKPGGTKPI 5FP $JF HTQO VQ 2TQH&CVQŏ4CLC/WPKTJCUCVVGPFGFCNNVJGHQWT $QCTFQH 2TQH&CVQŏ4CLC/WPKTTGUKIPGFKPVQLQKP$WOK &KTGEVQTUŏOGGVKPIUJGNFFWTKPIVJGſPCPEKCN[GCTGPFGF -GMCN$GMCN5FP$JFCU$TCPEJ/CPCIGTCPFUWDUGSWGPVN[ (GDTWCT[ NGHV KP +P VJG EQWTUG QH JKU ECTGGT 2TQH &CVQŏ 4CLC /WPKT QDVCKPGF C &KRNQOC KP $WUKPGUU /CPCIGOGPV HTQO 2TQH&CVQŏ4CLC/WPKTEWTTGPVN[UGTXGUCUCDQCTFOGODGT 2GVGTDQTQWIJ 4GIKQPCN %QNNGIG 7PKVGF -KPIFQO CPF KP #UKC /GFKC )TQWR $GTJCF 2TQH &CVQŏ 4CLC /WPKT JCU VJGTGCHVGT UGTXGF CU C &KTGEVQT KP 52 /CLW 5FP $JF HTQO PQ HCOKN[ TGNCVKQPUJKR YKVJ CP[ QVJGT &KTGEVQT CPFQT VQ YJGTG 2TQH &CVQŏ 4CLC /WPKT QXGTUGGU VJG OCLQTUJCTGJQNFGTQHVJG%QORCP[CPFJKUFKTGEVQTUJKRKP DWUKPGUU QRGTCVKQP ſPCPEG CPF OCPCIGOGPV HWPEVKQPU QH VJG%QORCP[FQGUPQVIKXGTKUGVQCP[EQPƀKEVQHKPVGTGUV VJGUCKFEQORCP[ UKVWCVKQP2TQH&CVQŏ4CLC/WPKTJCUPQVDGGPEQPXKEVGFQH