GETS GLOBAL BERHAD GLOBAL GETS • No 22, Tingkat 1 2020 REPORT ANNUAL Jalan Medan Kamunting Jaya 2 Medan Kamunting Jaya 34600 Kamunting, Perak Phone: +605 891 1880 www.getsglobal.com.my ANNUAL REPORT 2020 Registration No. 200201029469 (597132-A) CONTENTS 2 Corporate Information 3 Corporate Structure 4 Profile of Directors 7 Key Management Information 8 Management Discussion and Analysis 10 Corporate Governance Overview Statement 22 Corporate Sustainability Statement 25 Audit Committee Report 28 Statement of Risk Management and Internal Control 30 Statement of Directors’ Responsibility 31 Additional Compliance Information 32 Directors’ Report and Financial Statements 139 List of Group Properties 140 Analysis of Shareholdings CORPORATE information DATUK MAT NOOR BIN NAWI DATO’ RIDZA ABDOH (Chairman/Independent and BIN HAJI SALLEH Non-Executive Director) (Independent and Non-Executive Director) BOARD OF DATUK CHE AZIZUDDIN BIN CHE ISMAIL DOMINIC AW KIAN-WEE (Managing Director) (Non-Independent DIRECTORS and Non-Executive Director) DATO’ ROSLI BIN SHARIF (Independent and Non-Executive Director) SECRETARY AUDIT COMMITTEE PRINCIPAL BANKERS Lim Kui Suang Dato’ Rosli bin Sharif AmBank (M) Berhad SSM PC No. 202008001175 (Chairman/Independent and Hong Leong Bank Berhad MAICSA No. 0783327 Non-Executive Director) Malayan Banking Berhad CIMB Bank Berhad Lim King Hua Datuk Mat Noor bin Nawi Bank Islam Malaysia Berhad SSM PC No. 202008001340 (Member/Independent and MAICSA No. 0798613 Non-Executive Director) STOCK EXCHANGE LISTING Dato’ Ridza Abdoh AUDITORS bin Haji Salleh Main Market of Bursa Malaysia (Member/Independent and Securities Berhad PKF Non-Executive Director) Stock Code: 5079 AF 0911 Stock Name: GETS Chartered Accountants SHARE REGISTRAR NOMINATION & REGISTERED OFFICE Boardroom Share Registrars REMUNERATION COMMITTEE Sdn. Bhd. (Company No. 378993-D) No. 9, Jalan Bayu Tinggi 2A/KS6, 11th Floor, Menara Symphony, Dato’ Ridza Abdoh bin Haji Salleh Taipan 2, Batu Unjur, No. 5, Jalan Prof. Khoo Kay Kim, (Chairman/Independent and 41200 Klang, Seksyen 13, 46200 Petaling Jaya, Non-Executive Director) Selangor Darul Ehsan, Malaysia Selangor Darul Ehsan, Malaysia Tel: 03 - 3323 1916 Tel: 03 - 7890 4700 Dato’ Rosli bin Sharif Fax: 03 - 3323 3584 Fax: 03 - 7890 4670 (Member/Independent and Non-Executive Director) Datuk Mat Noor bin Nawi (Member/Independent and Non-Executive Director) 2 GETS GLOBAL BERHAD Registration No. 200201029469 (597132-A) ANNUAL REPORT 2020 CORPORATE STRUCTURE 100% 100% 100% Konsortium Bas Ekspres Mykor Electric Gets E-mobility Semenanjung (M) Vehicle Sdn. Bhd. Solutions Sdn Bhd Sdn Bhd 100% 100% 100% 100% Super Coach Assembly Damai Ria Damai Ria Meru Ekspres Plant Sdn Bhd Ekspres Sdn Bhd Transline Sdn Bhd Sdn Bhd 100% 100% 100% Onetexx Sdn Bhd Super Ria Santero Sdn Bhd (formerly known as Ekspres Sdn Bhd Super Trans Composite Products Sdn Bhd) 100% 100% 100% 79.99% Pengangkutan Awam Taiping Holidays Konsortium KBES HigerX Malaysia Putrajaya Travel & Resorts Sdn Bhd Sdn Bhd Marketing Sdn Bhd Tours Sdn Bhd 75% 55% Super Ria Wonrey Tours & Bas Transport Travel Sdn Bhd Sdn Bhd GETS GLOBAL BERHAD Registration No. 200201029469 (597132-A) ANNUAL REPORT 2020 3 PROFILE OF DIRECTORS DATUK MAT NOOR BIN NAWI Gender: Nationality: Aged: Chairman / Independent Non-Executive Director Male Malaysian 65 Datuk Mat Noor bin Nawi, aged 65, a Malaysian, male, was and later became the Deputy Secretary General, Treasury appointed as the Chairman / Independent Non-Executive (Policy) at the MOF, a position he held since 16 November Director of the Company on 16 August 2016. He is a member 2012. He then retired from the Malaysian civil service on 6 of the Audit Committee and Nomination & Remuneration June 2015. He was appointed as Chairman of Export-Import Committee of the Company. He has a Bachelor of Science Bank of Malaysia Berhad (EXIM Bank) from 1 October 2015 (Resource Economics) from Universiti Putra Malaysia and to 30 September 2018. Currently, he is also the Chairman a Master of Science (Policy Economics) from the University of Carrier International Sdn Bhd and sits on the Board of of Illinois, Urbana-Champaign, USA. He had served with PDX.com Sdn Bhd, Cuscapi Berhad and Excel Force MSC the Government of Malaysia for over 34 years where he Berhad. started his career in the Malaysian civil service in 1981 as an Agriculture Economist at the Federal Agriculture Marketing He does not have any family relationship with any director Authority (FAMA) before joining the Economic Planning Unit and/or major shareholder of the Company and has no (EPU), Prime Minister’s Department in 1983. He continued conflict of interest with the Company. Datuk Mat Noor is a to serve the EPU in various capacities and his last position director in several public companies, public listed companies was the Deputy Director General I EPU prior to joining the and private companies. He has no conviction for any offence Ministry of Finance (MOF) in October 2011. He was the within the past 5 years. Deputy Secretary General, Treasury (Investment) in MOF DATUK CHE AZIZUDDIN BIN CHE ISMAIL Gender: Nationality: Aged: Managing Director Male Malaysian 62 Datuk Che Azizuddin bin Che Ismail, aged 62, a Malaysian, Proton, Perodua, Naza, Petronas, Tenaga Nasional, male, was appointed as the Non-Independent Non Samsung, MRT Corporation and various Government Executive Director of the Company on 17 September 2015. agencies. His last position with KLB was as the Chief On 26 February 2016, he was re-designated as Executive Executive Officer before he left KLB in March 2013 to pursue Director and Chief Operating Officer of the Company. his own business interests. He had also participated actively Subsequently, he was appointed as the Managing Director in contributing towards the development of the Malaysian of GETS Group on 26 May 2016. He holds a Bachelor of logistic industry. With his commitment, the industry had Science (Ecology) Degree from University of Malaya and a entrusted him to lead the Association of Malaysian Hauliers Diploma in Marketing Studies from the Institute of Marketing as the President from 2011 to 2015. Presently, he is the Birkshire, United Kingdom. His career in logistics began in Executive Chairman of Arca Corporation Sdn Bhd (ARCA) 1987 as a management trainee with Shapadu Transystem and the director of several private companies. before joining Tenaga Sabaka Sdn Bhd as General Manager in 1988. He formed KP Asia Auto Logistics Sdn Bhd (KP Asia) He is also a shareholder holding 5.96% equity in the in 1991 where he was the Managing Director until 1998. He Company. He does not have any family relationship with joined Konsortium Logistik Berhad (KLB), a public listed any director and/or major shareholder of the Company. He is logistic company, through acquisition of KP Asia by KLB also deemed interested in certain related party transactions and had held various senior positions in the latter company. with Company and/or its subsidiaries as disclosed in the He was instrumental in building KLB as one of the reputable page 104 of the Annual Report. Datuk Che Azizuddin does Malaysian logistic companies in the industry during his 19 not hold any other directorship in public companies and years of service with KLB. During his tenure, KLB became public listed companies. He has no conviction for any the major force in various industries having served as the offence within the past 5 years. main logistic provider for renowned organizations including 4 GETS GLOBAL BERHAD Registration No. 200201029469 (597132-A) ANNUAL REPORT 2020 PROFILE OF DIRECTORS (CONT’D) DATO’ ROSLI BIN SHARIF Gender: Nationality: Aged: Independent Non-Executive Director Male Malaysian 66 Dato’ Rosli bin Sharif, aged 66, a Malaysian, male, was capacity and market share especially to Singapore. He was appointed as the Independent Non-Executive Director the Chairman of the Cement and Concrete Association of of the Company on 16 August 2016. He is the Chairman Malaysia from 1998 to 2000. In 2006, he was appointed as of the Audit Committee and a member of Nomination & the Senior Director for International Business, West Asia at Remuneration Committee of the Company. He is a Fellow of UEM Group Berhad. From 2009 to 2011, he was the Senior the Association of Chartered Certified Accountants (ACCA) Director, Corporate Services of UEM Group Berhad. He and a Member of the Malaysian Institute of Accountants was the Independent Non-Executive Director of Konsortium (MIA). Dato’ Rosli had served with the Government of Logistik Berhad, a public listed company from 2011 to 2013 Malaysia in various capacities at the Treasury Department and the Managing Director of another public company from of the Accountant General’s Office, as Accountant at the 2012 to early 2017. On 21 February 2017, he was appointed Department of Civil Aviation and as the State Treasurer of as the Independent Non-Executive Director of Gunung Negeri Sembilan from 1980 to 1982. Since 1982, he had Capital Berhad, (now changed name to G Capital Berhad) served as a Director in private limited companies involved in a public listed company. construction and property development. He joined Cement Industries of Malaysia Berhad (CIMA) in 1988 as the Group He does not have any family relationship with any director Finance Manager and was subsequently promoted to and/or major shareholder of the Company and has no General Manager, then Chief Operating Officer and Managing conflict of interest with the Company. Save as disclosed Director in 2002. Between 1998 and 2005, he led CIMA to above, Dato’ Rosli does not hold any other directorship in grow its business and in particular involved in acquiring public companies and public listed companies. He has no and restructuring Negeri Sembilan Cement Industries Sdn conviction for any offence within the past 5 years. Bhd, which resulted in CIMA expanding its production DATO’ RIDZA ABDOH BIN HAJI SALLEH Gender: Nationality: Aged: Independent Non-Executive Director Male Malaysian 65 Dato’ Ridza, aged 65, a Malaysian, male, was appointed as Manage the Putra Project, 1998 – 2003, Managing Director, the Independent Non-Executive Director of the Company on Project Usahasama Transit Aliran Ringan Sdn.