On behalf of the Board of Directors (“the Board”) of Sasbadi Holdings Berhad (“Sasbadi Holdings” or “the Group”), it is our pleasure to present to you Sasbadi’s Annual Report for the financial year ended (“FYE”) 31 August 2022. Overview For FYE 31 August 2022, the Group is proud to share that we have returned to black after two (2) challenging years of net losses. With tapering Covid-19 cases and the government’s efforts to revitalise the Malaysian economy in 2022, our nation experienced solid recovery firmly supported by the lifting of movement restrictions, resumption of economic sectors, and improvement in retail market conditions and consumer sentiments. The nation was returning to normalcy at a rapid pace, and our Group had to act swiftly in tandem with the recovering education landscape. Most notably, schools went back to full swing in 2022, which was a key signal for our Group to step up efforts in producing the quality education materials that teachers, parents, and students needed. Ultimately, our Group responded accordingly, backed by our decades of experience and know-how, resulting in a healthy and sustained demand for our product offerings. Dato’ Salleh Bin Mohd Husein Independent Non-Executive Chairman Law King Hui Group Managing Director Dear shareholders, We are pleased to share that our Group’s operations are on track to return to full normalcy. The revitalisation of the Malaysian economy and education sector have boded well for the demand of our product offerings, and we were able to respond swiftly to fast-moving trends in the education landscape, backed by our decades of experience. MESSAGE TO SHAREHOLDERS 12 SASBADI HOLDINGS BERHAD
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