INVESTOR RELATIONS Malaysia’s economic growth will be supported by continued expansion in domestic demand, benefitting mainly from the realisation of multi-year projects and higher inbound tourism activity due to expected increase in Chinese tourists. Despite these, domestic economy is projected to moderate in 2023 due to inflationary pressure, tightening of financial conditions, supply strains and spillover effects of the continued military tension between Russia and Ukraine. With the continued price hikes of building materials and labour shortages, productivity in the property sector is severely affected. Amidst the current challenging economic environment, Tropicana Group believes that the demand for properties in prime locations in its established, mature and developing townships will persist, with attractive pricing and various promotional packages. Guided by our unique strategy, we are covering several property sub-segments by launching a variety of products to cater to the different needs of house buyers and property investors at strategic locations, such as amongst others, high-rise and landed residential properties and industrial land, in the central, northern and southern regions of Peninsular Malaysia, instead of focusing on a single market segment or a single category of customers. In the effort of driving sales for the on-going projects, Tropicana had launched “Multi-Million Mania Campaign” from 21 January 2022 to 17 June 2022 which offers millions of ringgit worth of prizes and vouchers for home seekers and shoppers, as well as a grand prize of a RM519,000 high-rise unit (452 sq ft) at Edelweiss SOFO, Tropicana Gardens as well as “Tropicana Power Up Campaign” from 1 March 2022 to 30 September 2022 which offers down payment assistance, free stamp duties for loan and memorandum of transfer, double referral rewards and bonuses on sale and purchase agreement signings. Further, Tropicana had also launched “Tropicana Journey of a Lifetime” sales campaign from 1 October 2022 to 31 December 2022, which offers entitled buyers to win a once-in-a-lifetime experience with two first-class flight tickets to any European destination of their choice for every purchase of a Tropicana property during the campaign period. The financial period under review is a twelve-month period which ended on 31 December 2022. Throughout the financial year, we remained committed to disseminate the complete, transparent and timely information to the market about its financial performance, business operation and prospects. At Tropicana, we value the relationships we have with our stakeholders. We strive to provide latest updated information on the Company to the stakeholders. The Tropicana corporate website at www.tropicanacorp.com.my serves as a platform for key qualitative and quantitative information on Tropicana. The Group’s 43rd Annual General Meeting was held on a fully virtual basis on 23 June 2022 where it served as a platform to share updates as well as to address any concerns from our shareholders. The Tropicana IR team also maintains the Group’s IR page on the corporate website for easy data dissemination as well as an avenue to engage with shareholders and stakeholders on a regular basis. This site encompasses the Group’s annual reports, quarterly financial results, Bursa Malaysia announcements and share information. This is to ensure that the general public would have easy access to the Group’s financial information through this site which enables them to make a fair, balanced and informed assessment on the Group’s position and prospects. Tropicana is a member of the Malaysian Investor Relations Association (“MIRA”) that keeps us updated on the current industry best practices and at the same time, maintain relationships with the community. Contact Our IR Team Analysts, current and potential investors who have any questions or would like to provide feedback on the Company are encouraged to contact our IR Team: Email ir@tropicanacorp.com.my Tel +603 7663 6888 Fax +603 7663 6688 35 MANAGEMENT DISCUSSION & ANALYSIS
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