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.