Kimlun Corporation Berhad Annual Report 2019

Annual Report 2019 Kimlun Corporation Berhad NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2019 (cont’d) 159 38. Subsequent event (cont'd) (ii) (iii) (iv) (v) 39. Authorisation of financial statements for issue The financial statements for the year ended 31 December 2019 were authorised for issue in accordance with a resolution of the directors on 3 June 2020. frequent senior management operation meetings conducted via online platform to strategize and identify operational issues so that operations can resume smoothly post- MCO; communicate with suppliers as to their stocks readiness and look for alternative supplies to improve supply chain lead times where necessary; exploring cost cutting measures to preserve cash to support working capital requirements until the COVID-19 situation improves, such as suspending all non-essential operating and capital expenditure; and exploring additional working capital credit facilities for contingency needs.