markets which meet the sustainability criteria of a wider and more diverse range of investors. The quality, depth, immediacy, and price of sustainable finance data will be a key competitive advantage as

immediately benefit because FKRMM has otorcycle of tires and tubes ed financial statement with has the potential to expand the Malaysian market . Moreover, FKRMM was a motorcycle tire and tube manufacturer

Year 2017 Page 2 of 15 2015 2016 2017 MB % MB % MB % Employee benefit obligations 338.88 2.26 365.94 2.26 384.97 2.22 Advance Received for Rental Income from Associate 107.29 0.72 99.43 0.62 91.58 0.53

to earn a premium to industry benchmark in this over-supplied region. Given IVL’s vast geographical footprint, its integrated business model, its proven ability to benefit from local market dynamics

partner to expand the business of Land and Houses financial business group. The company agrees in principle to issue 7,544,961,342 new ordinary shares or 35.6169 percent of the total paid-up capital through

partner to expand the business of Land and Houses financial business group. The company agrees in principle to issue 7,544,961,342 new ordinary shares or 35.6169 percent of the total paid-up capital. On

is a transaction of which NDR expects immediately benefit because FKRMM has been a customer of NDR for more than 10 years, and has continuously increase in sales of motorcycle of tires and tubes in

has more opportunity to develop it in the future. 5) The general financial statement status will be better. 6. Benefit from the Transaction According to lacking of working capital and also having a lot

million or 36.70%. (3) Golf Course and Property Management Business Since the opening of the new club house in February 2018, the new club house increased the Company’ s competitive advantage in services of

submit this opinion to The Securities and Exchange Commission ( ‘SEC’ ) and shareholders for consideration. The Company has appointed Capital Advantage Company Limited as the independent financial advisor