Wah Seong Corporation Berhad Annual Report 2018

INSIDE WHAT’S 1 About Us 2 Vision, Mission, Core Values 4 Corporate Profile 4 Worldwide Operation 6 Corporate Information 2 THE YEAR IN BRIEF 7 Financial Highlights 8 Corporate Calendar 10 Sustainability Statement 3 FROM THE BOARD OF DIRECTORS AND KEY SENIOR MANAGEMENT 23 Management Discussion and Analysis 28 Profile of the Board of Directors 32 Profile of the Key Senior Management 4 GOVERNANCE 36 Audit Committee 41 Remuneration Committee 44 Nomination Committee 48 Corporate Governance Overview Statement 64 Additional Compliance Information 65 Statement on Risk Management and Internal Control 68 Statement of Directors’ Responsibility 5 FINANCIAL STATEMENTS 69 Audited Financial Statements 6 ADDITIONAL INFORMATION 176 Summary of Significant Recurrent Related Party Transactions 178 Top 10 List of Properties 180 Analysis of Shareholdings 183 Notice of Nineteenth Annual General Meeting 189 Statement Accompanying Notice of Nineteenth Annual General Meeting • Proxy Form ANNUAL REPORT 2018 1