OTHER STATUTORY INFORMATION REGARDING THE GROUP AND THE COMPANY (Cont’d) (II) FROM THE END OF THE FINANCIAL YEAR TO THE DATE OF THIS REPORT (Cont’d) (d) In the opinion of the Directors: (i) there has not arisen in any item, transaction or event of a material and unusual nature likely to affect substantially the results of the operations of the Group and of the Company for the financial year in which this report is made; and (ii) no contingent or other liability has become enforceable, or is likely to become enforceable, within the period of twelve (12) months after the end of the financial year which would or may affect the ability of the Group and of the Company to meet their obligations as and when they fall due. (III) AS AT THE DATE OF THIS REPORT (e) There are no charges on the assets of the Group and of the Company which have arisen since the end of the financial year to secure the liabilities of any other person. (f) There are no contingent liabilities of the Group and of the Company which have arisen since the end of the financial year. (g) The Directors are not aware of any circumstances not otherwise dealt with in this report or the financial statements which would render any amount stated in the financial statements of the Group and of the Company misleading. SIGNIFICANT EVENT SUBSEQUENT TO THE END OF THE REPORTING PERIOD On 3 March 2024, the Group has subscribed for 51,000 preference shares of 100 THB per share in GHL (Thailand) Co., Ltd. for a consideration of 5,100,000 THB. Consequently, the equity interest of the Group in GHL (Thailand) Co., Ltd. pursuant to the new issuance had increased from 97.74% to 97.84%. AUDITORS The auditors, BDO PLT (201906000013 (LLP0018825-LCA) & AF 0206), have expressed their willingness to continue in office. Auditors’ remuneration of the Group and of the Company for the financial year ended 31 December 2023 were as follows: Group Company RM RM Statutory audit 592,945 128,500 Other services 30,138 6,550 623,083 135,050 Signed on behalf of the Board in accordance with a resolution of the Directors. Loh Wee Hian Sean S Hesh Director Director Kuala Lumpur 27 March 2024 DIRECTORS’ REPORT CONT’D 74 GHL SYSTEMS BERHAD 199401007361 (293040-D)
RkJQdWJsaXNoZXIy NDgzMzc=