KUB Malaysia Berhad Annual Report 2021

INSIDE THIS REPORT A simple and solid cover that focuses on the metal spring to depict the qualities of Inherent Strength and Resilience. The metal reflects the inherent strength and stability of KUB’s present financial position while the spring elements depicts the ability to bounce back and recover in stressful economic conditions such as the ongoing pandemic. A colour gradient effect is used on the theme to show KUB’s ability to adapt and thrive through changing environments. CORPORATE INFORMATION 01 Corporate Information 02 Corporate Structure 03 Board of Directors 04 Profile of Directors 09 Board Committees 10 Profile of Senior Management HIGHLIGHTS 12 5-Year Group Financial Highlights 13 Economic Value for Shareholders PERFORMANCE REVIEW 14 KUB In the News 16 The Group Managing Director’s Statement and Management Discussion & Analysis 23 Sustainability Statement 2021 CORPORATE GOVERNANCE 30 Corporate Governance Overview Statement 35 Additional Compliance Information 36 Statement on Risk Management and Internal Control 40 Board Audit Committee Report 42 Statement of Directors’ Responsibility FINANCIAL STATEMENTS 43 Financial Statements OTHER CORPORATE INFORMATION 146 List of Properties 148 Analysis of Shareholdings 151 Notice of the 56 th Annual General Meeting 154 Statement Accompanying Notice of 56 th Annual General Meeting 155 Administrative Details Proxy Form Group Directory As part of our sustainability initiatives, KUB Malaysia Berhad is reducing the print run of all publication. We encourage you to visit our Annual Report microsite at https://www.kub.com/agm2021/download to download, retrieve and view the annual report at your convenience. The printed copy of the Annual Report is also available upon request by filling the requisition form available at our website and returning it to us via post or fax.