Malaysia, high demand for cars is partly driven by Sales and Service Tax exemption which will expire in June 2022. Cost of sales and services increased in accordance with higher sales. Gross profit increased
shall not exceed the ratio prescribed in Clause 10, except for an offer for sale of warrants and underlying shares which is granted an exemption from the Office in case of necessity and for the benefit of
; (3) the applicant adopts other measures that are sufficient and a substitute for its non-compliance with the rules or conditions to be exempted. In granting an exemption under Paragraph 1
driven by the opening of Proton showroom in October 2022 and the expiration of sales and service tax (SST) exemption in March 2023, resulted in the acceleration of car delivery and registration during Q1
follow 1. The conversion of CPNRF into CPNREIT for the overall interests of all CPNRF unitholders. In addition, the tax incentive of CPNRF unitholders for the personal income tax exemption and the tax
relationship risk which is not more than medium level or which is in the acceptable level, unless having obtained exemption from the SEC Office; (5) having not been accused of or subjected to criminal proceeding
the operational risk and the customer relationship risk which is not more than medium level or which is in the acceptable level, unless having obtained exemption from the SEC Office; (5) having not been
). However, such exemption shall apply to only one applicant for each management company and shall be terminated once such person no longer performs such duty or holds such position. Clause 4. Any applicant