Tropicana Corporation Berhad Annual Report 2020

DIRECTORS' REPORT ISSUE OF SHARES AND DEBENTURES During the financial year, the Company issued Islamic Medium Term Note (" Sukuk Wakalah ") of RM1.207 billion in nominal value (" Sukuk Issuance ") out of its RM1.5 billion Sukuk Wakalah Programme, which has been assigned a credit rating of A+ IS with a stable outlook by Malaysian Rating Corporation Berhad. The proceeds from the issuance of the Sukuk Wakalah shall be utilised by the Company for the following Shariah-compliant purposes in the following order of priority: (i) repayment of existing financing/borrowings to unencumber the secured properties; and (ii) defraying fees, costs and expenses in relation to the issuance of the Sukuk Wakalah and Sukuk Wakalah Programme. The remaining proceeds after (i) and (ii) above shall be utilised by the Company for the following Shariah-compliant purposes: (a) capital expenditure and/or investments (including but not limited to the purchase of land(s), building(s), shares, property and/or payment into joint ventures) of the Company and/or its group of companies; (b) working capital of the Company and/or its group of companies; (c) refinancing of existing financing/borrowings of the Company or its group of companies; and/or (d) general corporate purpose of the Company and/or its group of companies. There were no other issue of shares and debentures of the Company during the financial year. DIRECTORS The names of the directors of the Company in office since the beginning of the financial year to the date of this report are: Tan Sri Dr Lim Wee Chai Tan Sri Dato' Tan Chee Sing Lee Han Ming (Appointed on 4 February 2021) Dion Tan Yong Chien Jared Ang Tzer Shen (Appointed on 13 October 2020) Datuk Tang Vee Mun Mohd Najib Bin Abdul Aziz Datuk Wira Lye Ek Seang Alice Dora Boucher Tan Sri Dato' Sri Mohamad Fuzi Bin Harun (Appointed on 27 October 2020) Vivienne Cheng Chi Fan (Appointed on 7 December 2020) Datuk Siw Chun A/P Eam (Appointed on 4 February 2021) Dato' Dr Teo Tong Kooi (Appointed on 25 March 2021) Dato' Sri Badrul Hisham Bin Abdul Aziz (Appointed on 11 May 2021) Dato' Dickson Tan Yong Loong (Resigned on 6 October 2020) Yeow Wai Siaw (Resigned on 31 October 2020) Loh Chen Peng (Resigned on 5 December 2020) Hafez Mohd Hashim Bin Razman Md Hashim (Resigned on 4 February 2021) The names of the directors of the Company's subsidiaries in office since the beginning of the financial year to the date of this report (not including those directors listed above) are: Tan Sri Dato' Lim Kang Hoo Tan Sri Dato' Nik Hashim Bin Nik Abdul Rahman Tan Sri Datuk Seri Lim Keng Cheng DIRECTORS (CONT'D.) The names of the directors of the Company’s subsidiaries in office since the beginning of the financial year to the date of this report (not including those directors listed above) are: (cont'd.) Dato' Avinderjit Singh A/L Harjit Singh (Appointed on 1 February 2021) Dato' Br. Paul Ho Kok Chee Dato' Dickson Tan Yong Loong Dato' Gan Nyap Liou @ Gan Nyap Liow Dato' Haji Ismail Bin Karim Dato' Tan Kim Kuan Dato' Ng Tian Sang @ Ng Kek Chuan Dato' Seri Dr. Chen Chaw Min (Appointed on 2 March 2021) Datuk Hj Md Afendi Bin Hamdan (Appointed on 2 March 2021) Datuk Seri Haji Rizuan Bin Abdul Hamid Andrew Ashvin A/L Podimhatia Chin Kok Ping (Appointed on 1 February 2020) Ching Hong Tat Chua Guit Hong Diana Tan Sheik Ni Dillon Tan Yong Chin Din Tan Yong Chia Hafez Mohd Hashim Bin Razman Md Hashim (Appointed on 4 February 2021) Hii Pik Lin Howard Ng How Er Idris Bin Ishak (Appointed on 20 April 2021) Jeffrey Tan Siew Yang Lee Gia Yuann (Appointed on 30 June 2020) Lee Sor Phaik Liew Mee Ping (Appointed on 13 May 2020) Liew Voon Keong Lim Chen Herng Lim Lai Seng Lim Soon Mun @ Albert (Appointed on 13 May 2020) Lok Chee Yean (Appointed on 14 December 2020) Loong Mei Yin Low Yung Hui Mohamad Surur Bin Ahmad Thayar (Appointed on 20 April 2021) Mohd Suriga Bin Md Sachari Mohd Zapi Bin Abdullah Nor Azlina Binti Amran Peter Kuan Teck Sing (Appointed on 30 June 2020) Phuar Bee Ling Sng Beng Hock Michael Tan Chien Chyi Tan Chien Wen Tan Chien Yih Tan Teow Keat Tang Chee Heng Ung Lay Ting Wan Khim Fai (Appointed on 28 August 2020) Wong Weng Keong Allan (Appointed on 21 September 2020) ANNUAL REPORT 2020 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 152 153