Tropicana Corporation Berhad Annual Report 2020

TROPICANA CORPORATION BERHAD ANNUAL REPORT 2020 STRATEGIC REPORT providing relief and food to orphanages, flood victims and even contributing to national sports programmes. We are mindful that our business activities as a property developer have the potential to impact the environment and ensure we do so positively. Our projects are built with the intent to protect the integrity of the natural surroundings as observed in several of our flagship projects where large parks and green, landscaped areas are designed for people to enjoy the outdoors as nature intended. From a construction aspect, we remain cognisant of the regulatory requirements enforced to protect natural resources and continue to put our best foot forward in identifying and managing any risks or impacts to the environment. I am also pleased to note that our employees are kept abreast of matters related to the pandemic with continuous engagements to remind everyone of their responsibilities to keep each other safe and healthy. Moreover, we extend our care and gratitude to our employees through our Tropicana Care Pack drive, staff retention plan, and many more initiatives that would assure them of their continued safety and job security while they work with the Company. Q5: In this challenging market terrain, what is Tropicana’s medium and long- term plan? A: Our mid-term plan is to continue our customer-centric drive, recognising the needs of our purchasers and providing an easy avenue for them to own Tropicana exclusive properties. Our earlier Tropicana 10-TEN campaign and our current Tropicana 100 sales campaign demonstrated our commitment to support property purchasers by providing superb Q4: As a community developer, how has Tropicana upheld its commitment to society? A: We have always contributed towards many charitable causes every year, but we have now reactivated our CSR brand, the Tropicana Foundation and are consolidating all internal and external CSR initiatives under one foundation so we may take our responsibility even further. To date, we have contributed RM5.3 million to 37 underprivileged homes and associations across Malaysia. During the pandemic, as a developer committed to social and stakeholder responsibility we have made every effort to adhere to the Health Ministry’s SOPs, working together with the government to curb the spread of the virus while delivering our projects on schedule. Our foundation’s initiatives have also continued throughout the MCO, deals backed by 100% financing from local banks. The recent stimulus package provided by the Malaysian Government, especially the reintroduction of the Home Ownership Campaign (“HOC”) 2020 and the real property gains tax exemption unveiled in the short-term Economic Recovery Plan (“PENJANA”) will also help stimulate the market. To capitalise on this, our Tropicana 100 sales campaign will help to secure more opportunities for us in 2021. Long-term, we aim to unlock 2,144 acres of landbank across Malaysia with a GDV of over RM77 billion. In the coming years, we can explore the possibilities of expanding Tropicana’s foothold in South East Asia and Australia. We are taking our time to assess the right business opportunities at the right valuations that will significantly contribute to our key earnings and sustain our long-term growth. Q6: Briefly, are there any parties that you would like to acknowledge for Tropicana’s performance to date? A: On behalf of the Board of Tropicana Corporation Berhad, I would like to express my sincere appreciation to our valued shareholders for their unwavering trust and confidence in us. My utmost gratitude goes to the Board Members, Management and employees for their diligence, dedication and commitment to excellence. Despite the unprecedented times, we have managed to deliver encouraging results and we will remain resilient. As we venture forth, we will grow from strength to strength, rising above the challenge and delivering sustainable results. Q&A WITH THE CHAIRMAN TAN SRI DR LIM WEE CHAI Chairman 032 033 Peaceful living at Tropicana Heights, Kajang where large parks and green landscape areas are designed for people to enjoy outdoors