Notification to Shareholders
FORTY-FIRST ANNUAL GENERAL MEETING (“41ST AGM”) Of FARLIM GROUP (MALAYSIA) BHD
Miss Koay Hooi Lynn
Aged 52, Malaysian, Female
Non-Executive and Independent
In 1994, she graduated with Bachelor of Accounting from La Trobe University, Melbourne Australia. In 2005, she joined CPA Australia and Malaysian Institute of Accountants as a Chartered Accountant. In 2009, she joined Chartered Institute of Taxation as a member and The Malaysian Institute of Chartered Secretaries and Administration as an affiliate member. In 2011 she obtained her Practising Certificate. In 2018 she joined ASEAN Chartered Professional Accountant.
Hooi Lynn began her career with Chartered Accountant firm, Koay Seng Leong & Co.(“KSL”), as an audit assistant in year 1994 where she was involved with audit assurance work for several subsidiaries of public listed Company, palm oil plantation, manufacturing, trading, property developers, small medium enterprises. She was promoted to audit senior in 1998. In 2000, she then joined tax division of the same firm and was involved in compliance work for corporate and personal tax submission, application for tax incentives, attend with tax audits, transfer pricing and related party transactions.
In 2008, she was seconded to overseas for short period to assist in casino company in preparing for pre-listing accounts to be listed in Hong Kong Stock Exchange.
Subsequently, she was promoted to Manager in KSL in 2009 and responsible for overseeing financial, accounting, tax management and reporting functions of the clients.
In 2013, she obtained an Audit License and become partner of KSL until now. She took over the operation of KSL which covers various industries such as manufacturing, trading, information technology, construction, property development, investment holdings companies and other service industries. In 2014, she was involved in conducting internal audit and risk management of Public Listed Companies.
Mr. Lim Chu Dick
Aged 39, Malaysian, Male
Executive and Non-Independent
He was appointed as a Director of Saga Realty & Development Sdn Bhd, an indirect subsidiary of Farlim Group (Malaysia) Bhd. on 29 September 2009 and as an assistant to the Chairman & Chief Executive of Farlim Group (Malaysia) Bhd.
He was appointed to the Board of Directors of Farlim Group (Malaysia) Bhd. on 22 June 2010 and retired on 23 June 2022. During his appointment, he sits on the Executive Committee, Risk Management Committee and Employees’ Share Option Scheme Committee of the Company. He does not hold any Directorship in other public companies.
He is the son of Tan Sri Dato’ Seri Lim Gait Tong, Chairman, Chief Executive and Managing Director of Farlim Group (Malaysia) Bhd. who is also Director and Shareholder of its holding company Farlim Holding Sdn. Bhd., son of Puan Sri Datin Seri Chin Chew Lin, Director and Shareholder of Farlim Holding Sdn. Bhd. and brother of Miss Judy Lim Chu Dee and brother-in-law of Mr. Wong Hon Weng, Executive Director of Farlim Holding Sdn. Bhd and Farlim Group (Malaysia) Bhd. Save as above, he has no family relationship with Directors and major/substantial shareholders of Farlim Group (Malaysia) Bhd.
Encik Amran Bin Ahmad
Aged 61, Malaysian, Male
Non-Executive and Independent
He is a former Head of Operations Division at Amanah Raya Berhad with an extensive post qualified experience of 34 years in Estate Management, Estate Planning, Wills and Distribution of Property.
Tan Sri Dato’ Seri Lim Gait Tong
Aged 80, Malaysian, Male
Executive and Non-Independent,
Also as Chairman & Chief Executive and a person of the Key Senior Management
He started his business career as a contractor with his father’s construction business at the age of 15 and subsequently commenced his own construction company, Lim Gait Tong Construction, as a sole proprietorship in 1959. In 1962, he was awarded the Society Anonyme Des Etains De Kinta (“SEK”) Mining Relocation Contract for 200 units of houses, the Kampar railway station and the Kampar market. In 1964, following a massive landslide, he rebuilt a sizable portion of the Ringlet and Brinchang townships in Cameron Highlands. In the same year, he obtained his JKR Class C Status which permitted him to tender for jobs throughout the Federation.
From 1964 to 1968, he undertook various projects under Lim Gait Tong Construction and his family’s development company. He was involved extensively in meeting the construction requirements of Island and Peninsular Group of Companies in Penang. He was the main contractor for the Island Park and Jesselton Heights housing projects, which were then among the biggest private sector efforts in Penang.
Thereafter, from 1969 to 1975, he completed the Taman Evergreen and Taman Goodwood projects in Old Klang Road, Kuala Lumpur. He was instrumental to the development of Taman Cheras Utama project in Cheras, Kuala Lumpur and Taman KKB Utama project in Kuala Kubu Bahru through an affiliated company, Perumahan Farlim Sdn. Bhd. He initiated the development of Bandar Baru Ayer Itam, which is the biggest private sector development in Penang. In recognition of his achievement in the construction/property sectors and contribution to the society, he was conferred the Grand Fellowship Award by the British Graduates Association Malaysia. Currently, he is the Chairman, Chief Executive and Managing Director of Farlim Group (Malaysia) Bhd.
He joined Farlim Group (Malaysia) Bhd. as a first Director on 12 March 1982. He is the Chairman of the Executive Committee comprising Members of the Board. He holds 12,000 shares and has deemed interest in 69,358,480 shares through Farlim Holding Sdn. Bhd., in Farlim Group (Malaysia) Bhd. He does not hold any shares in the subsidiaries of Farlim Group (Malaysia) Bhd. except Farlim Marketing Sdn. Bhd. in which he is holding 245,000 shares.
He does not hold any Directorship in other public companies.
He is the father-in-law of Mr. Wong Hon Weng, Executive Director of Farlim Group (Malaysia) Bhd. and Director of Farlim Holding Sdn. Bhd., spouse of Puan Sri Datin Seri Chin Chew Lin, Director and Shareholder of Farlim Holding Sdn. Bhd. and father of Miss Judy Lim Chu Dee, Director of Farlim Holding Sdn. Bhd. Save as above, he has no family relationship with the Directors and/or major shareholder of Farlim Group (Malaysia) Bhd.
He does not have any conflict of interest with the Company other than that, if any, set out in the Statement on Additional Compliance Information and/or the Financial Statements for the year ended 31 December 2022. He has no convictions for offences within the past five years other than traffic offences, if any and no public sanction or penalty imposed by the relevant regulatory bodies during the financial year.
He attended all of the seven Board Meetings held during the financial year ended 31 December 2022. He is not among the Independent Directors who make up one-third of the total number of Directors.
Mr. Wong Hon Weng
Aged 41, Malaysian, Male
Executive and Non-Independent
He is a corporate lawyer by training and has extensive experience in corporate finance transactions. He has worked on the structuring and execution of complex cross-border M&A deals, corporate joint ventures, capital markets transactions, financings and securitisation programmes.
He graduated with a first class law degree from King’s College London in 2003 (where he topped his class during his second year and was awarded various academic prizes). He qualified as a solicitor of England and Wales in 2006. He trained and qualified as a lawyer in London with Slaughter and May, one of the UK’s best-known corporate law firms. After spending 8 years with Slaughter and May, he moved to Clifford Chance LLP, one of the largest law firms in the world.
Whilst in private practice in London, he worked on M&A/corporate finance transactions for a wide-range of clients in diverse industries (including, real estate, mining and natural resources, and financial institutions). He was seconded to HM Treasury (the United Kingdom’s finance and economics ministry) during the 2008-2009 global financial crisis, where he was part of the legal team advising the UK government on the bail-out and stabilisation of the UK’s banking and financial sector. He left private practice and moved into the corporate sector in 2015 when he joined the in-house legal team of Trafigura (one of the world’s largest independent commodities traders) based in Geneva, Switzerland.
After nearly 20 years abroad, he returned to Malaysia in 2019. He was appointed as an Executive Director of Farlim Holding Sdn. Bhd. on 4 March 2019. He was also appointed as a Director of Shandong Farlim Tourism Development Co. Ltd. on 9 April 2019. From late 2019 to early 2023, he was overseeing Shandong Farlim’s real estate operations in China and remains a key member of its senior management team.
He was appointed to the Board of Directors of Farlim Group (Malaysia) Bhd. on 13 March 2023. He is an Executive Director and a Member of its Executive Committee and Risk Management Committee since the date of appointment. He does not hold any Directorship in other public companies. He does not hold any shares in Farlim Group (Malaysia) Bhd. and the subsidiaries of Farlim Group (Malaysia) Bhd. He was a consultant to Farlim Group (Malaysia) Bhd. from July 2021 to March 2023.
He is the son-in-law of Tan Sri Dato’ Seri Lim Gait Tong, Chairman, Chief Executive and Managing Director of Farlim Group (Malaysia) Bhd. who is also a Director and Shareholder of Farlim Holding Sdn. Bhd., son-in-law of Puan Sri Datin Seri Chin Chew Lin, Director and Shareholder of Farlim Holding Sdn. Bhd. and spouse of Miss Judy Lim Chu Dee, Director and Shareholder of Farlim Holding Sdn. Bhd. Save as above, he has no family relationship with the Directors and/or major shareholder of Farlim Group (Malaysia) Bhd.
He does not have any conflict of interest with the Company. He has no convictions for offences within the five years other than traffic offences, if any and no public sanction or penalty imposed by the relevant regulatory bodies during the financial year. He attended a Board Meeting held after his appointment as a Director in March 2023. He is not among the Independent Directors who make up one-third of the total number of Directors.
Miss Adlina Hasni Binti Zainol Abidin
Aged 57, Malaysian, Female
Non-Executive and Independent
She is an Advocate and Solicitor. She obtained her Bachelor of Science in Business Administration degree in 1987 from the University of Denver, Colorado, United States of America. She started her career as a Corporate Banking Officer in 1988 with Ban Hin Lee Bank, (now known as CIMB Bank Berhad), Penang. Thereafter, in 1991 she pursued her law degree at the University of Wales, Aberystwyth, United Kingdom and obtained her LLB (Hons) in 1993. She was subsequently admitted as a Barrister-at-Law of the Honourable Society of Gray’s Inn, London in 1994.
Upon being admitted and enrolled as an advocate and solicitor of the High Court of Malaya in 1995, she served as a Legal Assistant with Messrs Chin Eng & Co. She has been a Partner with the legal firm of Messrs Chin Eng Adlina since 1997 until present. She is currently registered with the Malaysia Mediation Centre as one of the Panel of Mediators.
She is also a member of the Institute of Corporate Directors Malaysia which is a professional institution dedicated to enhancing the professionalism and effectiveness of corporate directors in Malaysia.
She was appointed to the Board of Directors of Farlim Group (Malaysia) Bhd. on 23 April 2015. She is the Chairperson of Remuneration Committee, members of the Audit Committee, Nomination Committee, Risk Management Committee and Employees’ Share Option Scheme Committee of the Company. She holds 38,000 shares in Farlim Group (Malaysia) Bhd. She does not hold any shares in the subsidiaries of Farlim Group (Malaysia) Bhd. She does not hold any Directorship in other public companies. She does not have any family relationship with any Director and/or major shareholder of Farlim Group (Malaysia) Bhd.
She does not have any conflict of interest with the Company other than that, if any, set out in the Statement on Additional Compliance Information and/or the Financial Statements for the year ended 31 December 2022. She has no convictions for offences within the past five years other than traffic offences, if any and no public sanction or penalty imposed by the relevant regulatory bodies during the financial year.
She attended all of the seven Board Meetings held during the financial year ended 31 December 2022. She is among the Independent Directors who make up one-third of the total number of Directors.
Datuk Seri Haji Mohamed Iqbal Bin Kuppa Pitchai Rawther
Aged 79, Malaysian, Male
Executive and Non-Independent
Deputy Chairman & Group Executive Director
He obtained a Certificate in Education from the University of Birmingham in 1964. Subsequently, he obtained his Bachelor of Economics Degree (Honours) and a Masters Degree in Business Administration in 1971 and 1973 respectively, both from the University of Malaya. He then furthered his studies and obtained the International Management Teacher’s Programme certificate from the joint programme organised by the Harvard Graduate School of Business Administration and the Centre D’ Enseignment Superior Des Affairs, Paris, France in 1978.
Currently, he is a Fellow of the Chartered Institute of Bankers, London, and a Fellow Executive of the Malaysian Institute of Management.
He started his career with the Ministry of Education from 1965 to 1969. During this period, he also served as the National Education Officer of the National Union of Teaching Professionals. In 1971, he joined Malaysian International Merchant Bank Berhad as Corporate Finance Officer during which he pioneered leasing and produced a research volume on “Leasing in Malaysia” before leaving in 1974. In 1974 when the University of Malaya implemented the policy of using Bahasa Malaysia for tertiary education, he responded to a call from the University and joined the Faculty of Economics and Administration as a lecturer. Among his many achievements include being awarded the Sir Frederick Gallahan Memorial Award by the Australian-Malaysian Association of Australia in 1976 in recognition of his entrepreneurial management in Malaysia. Also, a team led by him to promote entrepreneurial management in Malaysia won the Malaysian Young Managers Competition in 1997 and subsequently, the Asian Young Managers Competition in the same year. When Bank Negara Malaysia set up the Institute of Bankers in 1979, he took up the appointment as Executive Director. He relinquished the position in 1985 and has since been involved in the private sector, including his current commitments to Farlim Group (Malaysia) Bhd. He also served on the Council of the Malaysian Institute of Management (“MIM”) from 1984 to 1991 and concurrently held the positions of MIM’s Vice-Chairman and Chairman of its Management Committee from 1989 to 1991. He has also served as an Adviser to the Peace and Happiness through Prosperity Institute in Japan from 1984 to 1990 and Japan’s Foundation for Asian Management Development from 1989 to 1992. Currently, he is the Deputy Chairman and Group Executive Director of Farlim Group (Malaysia) Bhd.
He joined Farlim Group (Malaysia) Bhd. as a Director on 4 May 1982. He sits on the Executive Committee comprising Members of the Board and is the Chairman of Employees’ Share Option Scheme Committee of the Company. He holds 12,000 shares in Farlim Group (Malaysia) Bhd. He does not hold any shares in the subsidiaries of Farlim Group (Malaysia) Bhd. He does not hold any Directorship in other public companies. He does not have any family relationship with any Director and/or major shareholder of Farlim Group (Malaysia) Bhd.
He does not have any conflict of interest with the Company other than that, if any, set out in the Statement on Additional Compliance Information and/or the Financial Statements for the year ended 31 December 2022. He has no convictions for offences within the past five years other than traffic offences, if any and no public sanction or penalty imposed by the relevant regulatory bodies during the financial year.
He attended all of the seven Board Meetings held during the financial year ended 31 December 2022. He is not among the Independent Directors who make up one-third of the total number of Directors.