Wah Seong Corporation Berhad Annual Report 2020

ABOUT US 2 Vision, Mission 3 Core Values 4 Corporate Profile 5 Worldwide Operation 6 Corporate Information THE YEAR IN BRIEF 7 Financial Highlights 8 Corporate Calendar 10 Sustainability Statement FROM THE BOARD OF DIRECTORS AND KEY SENIOR MANAGEMENT 25 Management Discussion and Analysis 32 Profile of the Board of Directors 36 Profile of the Key Senior Management 1 2 3 4 5 6 GOVERNANCE 41 Audit Committee 46 Remuneration Committee 49 Nomination Committee 54 Corporate Governance Overview Statement 69 Additional Compliance Information 70 Statement on Risk Management and Internal Control 73 Statement of Directors’ Responsibility FINANCIAL STATEMENTS 74 Audited Financial Statements ADDITIONAL INFORMATION 193 Summary of Significant Recurrent Related Party Transactions 195 Top 10 List of Properties 197 Analysis of Shareholdings 200 Notice of Twenty-First Annual General Meeting 207 Statement Accompanying Notice of Twenty-First Annual General Meeting Proxy Form