Notification to Shareholders
FORTIETH ANNUAL GENERAL MEETING (“40TH AGM”) Of FARLIM GROUP (MALAYSIA) BHD
Ir. Yong Yew Wei
Aged 70, Malaysian, Male
Executive and Non-Independent
Ir. Yong is a Professional Engineer in his career since 1984. He obtained a New Zealand Certificate in Mechanical Engineering from Wellington Polytechnics in 1974, and a New Zealand Certificate in Production (Industrial) Engineering in 1975. In 1978, he graduated from The University of Auckland, New Zealand, with a Bachelor Degree in Mechanical Engineering. In 1999, he completed the course requirements of a local MBA programme.
Upon graduation, he worked in Auckland as a design engineer in the field of Air-Conditioning and Refrigeration for about 2 years, before his return to Malaysia in late 1979. Having qualified with adequate working experience and compliance with the requirements of The Board of Engineers Malaysia (BEM, Lembaga Jurutera Malaysia), he became a member of BEM and corporate member of The Institution of Engineers Malaysia (MIEM) in 1984.
Ir. Yong founded Ismail Dan Rakan-Rakan, an engineering consultancy firm in Kuala Lumpur with his partner in 1985. Since then, he has been in practice as a consulting engineer for 36 years. As the principal partner, he was active in the design and management of building services installation for numerous modern high-rise commercial and government buildings in Malaysia. He specialized in installation of facilities of advanced technology, and of intensive information technology facilities for various manufacturing industries and for smart office buildings. He has been involved in many prestigious buildings such as the RHB Head-Quarter building in 1996, the Bunga-Raya Reception Building for VVIP in KLIA, the Flight Crew Briefing and Management Control Centre in KLIA in 1998.
Ir. Yong was responsible for the design of advanced building internal services installation for a number of new government office buildings in Putrajaya. The new buildings were completed for several Ministries in Putrajaya. The ministerial buildings that Ir. Yong rendered engineering consultancy services include smart office premises for The Ministry of Domestic Trade and Consumer Affairs, The Ministry of Entrepreneur Development & Immigration, The Ministry of Higher Education, The Ministry of Tourism, The Ministry of Women, Family and Community Development. These prestigious projects developed in Putrajaya were completed respectively before 2010.
Ir. Yong has also served as consulting engineer in the development of new Township in urban and rural areas. Those developments comprised of High-Raised residential Apartments and Condominiums. Besides his involvement in commercial and residential building construction, Ir. Yong also rendered engineering service specifically to the development of high-tech industrial factory facilities such as for high quality Clean Rooms, comprehensive Data Centers and semiconductor production industries. Recently, Mr. Yong also participated in housing developments as joint-venture partners.
He is one of the founding committee members of the newly established (formed in August 2015) China-ASEAN Business Association (CABA) Malaysia, an organisation that promotes multi-lateral trades, culture, health-care and tourism industries among ASEAN countries and with China.
He was appointed as an Independent and Non-Executive Director to the Board of Directors of Farlim Group (Malaysia) Bhd. on 18 August 2011. In April 2015, he was appointed as an Executive Director of Farlim Group (Malaysia) Bhd. until 2017. During the period, he acted as member of the Executive Committee and Employees’ Share Option Scheme Committee of the Company.
Adlina Hasni Binti Zainol Abidin
Aged 56, 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 Chairman of Remuneration Committee of Directors. She sits on the Audit Committee, Nomination Committee of Directors, 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 major/substantial shareholders 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 2021. 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 six Board Meetings held during the financial year ended 31 December 2021. She is among the Independent Directors who make up one-third of the total number of Directors.
Khairilanuar Bin Abdul Rahman
Aged 56, Malaysian, Male
Non-Executive and Independent
He graduated from the Institute of Technology Mara in 1988. He started his career by managing a petrol kiosk from 1989 to 1993.
He has been an Executive Chairman of Infinity Prospect Sdn Bhd since 1993 and was also an Independent and Non-Executive Director of Pensonic Holdings Berhad from February 2002 to 19 September 2011.
He has been an Independent and Non-Executive Director of Muar Ban Lee Group Berhad since 30 June 2009 and an Independent and Non-Executive Director and Audit Committee Member of Unimech Group Berhad since 1 October 2013.
He served as an Independent and Non-Executive Director of UDS Capital Bhd from 30 November 2003 to 16 February 2009. He also served as an Independent and Non-Executive Director of Denko Industrial Corp. Bhd. from 11 June 2004 to 1 October 2005.
He was a Committee Member of UMNO Youth, Kepala Batas Division since 2001 to 2008.
He was appointed to the Board of Directors of Farlim Group (Malaysia) Bhd. on 18 August 2011. He is the Chairman of Nomination Committee of Directors. He sits on the Audit Committee, Remuneration Committee of Directors, Risk Management Committee and Employees’ Share Option Scheme Committee of the Company. He does not hold any shares in Farlim Group (Malaysia) Bhd. and its subsidiaries. He does not hold any Directorship in other public companies other than that disclosed above. He does not have any family relationship with any Director and major/substantial shareholders 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 2021. 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 six Board Meetings held during the financial year ended 31 December 2021. He is among the Independent Directors who make up one-third of the total number of Directors.
Koay Say Loke Andrew
Aged 56, Malaysian, Male
Non-Executive and Independent
He is an advocate and solicitor by profession. He graduated from Monash University, Australia with a Bachelor of Economics Degree, majoring in Accounting and a Bachelor of Law Degree in 1987.
He subsequently obtained a Master in Law Degree from Monash University in 1994. Upon obtaining his Bachelor Degree, he worked with an accounting firm, Nelson Parkhill BDO in Australia and became an Associate Member of the Institute of Chartered Accountants, Australia in 1991.
He advanced to become a Fellow Member of the Institute of Chartered Accountants, Australia in 2002. He was enrolled as a Barrister and Solicitor of the Supreme Court of Victoria, Australia and the Federal Court of Australia in 1988 and has been a member of the Law Institute of Victoria, Australia since 1991.
Upon his return to Malaysia, he was enrolled as an Advocate and Solicitor of the High Court of Malaya in 1995. He is now practising as a partner of Koay & Co. in Penang.
He was appointed as a Director of Penang Commercial & Industrial Development Berhad, a public company, on 16 August 2000. He was appointed to the Board of Directors of Farlim Group (Malaysia) Bhd. on 22 June 2010. He is the Chairman of Audit Committee and Risk Management Committee. He sits on the Nomination Committee of Directors, Remuneration Committee of Directors and Employees’ Share Option Scheme Committee of the Company. He holds 2,400 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 major/substantial shareholders 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 2021. 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 all of the six Board Meetings held during the financial year ended 31 December 2021. He 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 78, Malaysian, Male
Executive and Non-Independent
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 major/substantial 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 2021. 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 six Board Meetings held during the financial year ended 31 December 2021. He is not among the Independent Directors who make up one-third of the total number of Directors.
Tan Sri Dato’ Seri Lim Gait Tong
Aged 79, Malaysian, Male
Executive and Non-Independent
Also as 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., the holding company, in Farlim Group (Malaysia) Bhd. He does not hold any shares in the subsidiaries of Farlim Group (Malaysia) Bhd. except Baka Suci Sdn. Bhd. in which he is holding 10,002 shares.
He does not hold any Directorship in other public companies.
He is the father of Mr. Lim Chu Dick, Executive Director of Farlim Group (Malaysia) Bhd. and Director and Shareholder of its holding company Farlim Holding Sdn. Bhd., spouse of Puan Sri Datin Seri Chin Chew Lin, Director and Shareholder of the said holding company and father of Miss Judy Lim Chu Dee and father-in-law of Mr. Wong Hon Weng, Director and Executive Director respectively of the said holding company. Save as above, he has no family relationship with Directors and major/substantial shareholders 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 2021. 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 six Board Meetings held during the financial year ended 31 December 2021. He is not among the Independent Directors who make up one-third of the total number of Directors.