BINTAI KINDEN CORPORATION BERHAD
(Company No. 290870-P)
(“BKCB” or “Company”)
(Incorporated in Malaysia)

SUMMARY OF KEY MATTERS discussed at the Twenty Fifth (“25th”) Annual General Meeting (“AGM”) of the Company held at Dewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur on Thursday, 22 August 2019 at 11:00 a.m.

NO. COMMENTS / QUESTIONS RAISED BY
         SHAREHOLDERS/PROXY HOLDERS

1. A shareholder has enquired on the
fluctuations in the total bank borrowings
from financial year ended 31 March 2017 to
31 March 2019 as stated on page 106 of the
Company’s 2019 Annual Report.

RESPONSES/ANSWERS FROM CHARIMAN/
CHIEF EXECUTIVE OFFICER/MANAGMENT

The Head of Finance of the Company explained
that the reduction of bank borrowings of
RM230.018 million in financial year ended 31
March 2017 to RM57.150 million in financial year
ended 31 March 2018 was due to the
deconsolidation of a foreign subsidiary on 29
August 2017 following a material dilution of the
Company’s shareholding in the aforementioned
foreign subsidiary back then. Subsequently, total
borrowings had increased to RM134.980 million in
the financial year ended 31 March 2019,
attributed to the ongoing concession
arrangement in Melaka.

2. The same shareholder also enquired on the
outlook of the Group for the next twelve (12)
months

The Management informed that the Group has
secured some order book in mechanical and
electrical jobs of electrical infrastructure for
amount that has exceeded RM100 million. In
addition, the Group is also looking at venturing
into a tourist related business which is
potentially be able to generate positive earnings
to the Group in the future. Nonetheless, the
management will endeavour at its level best to
attain more business to enhance future revenue
growth for the Group.

All the resolutions set out in the Notice of the Company’s AGM were put to vote by poll where all
were duly carried.
Dated : 18 September 2019