Annual Report 2005 and Notice of Annual General Meeting

NOTICE BE AND IS HEREBY GIVEN that the Second Annual General Meeting of the Company will be held at Diamond Room, Level 2, Katerina Hotel, 8 Jalan Zabedah, 83000 Batu Pahat, Johor on Thursday, 4 May, 2006 at 10.30 a.m. to consider the following purposes:-

AGENDA

1. To receive and adopt the Audited Financial Statements for the financial year ended 31 December, 2005 together with the Directors’ and Auditors’ Reports thereon.  [Resolution 1]

2. To approve the payment of a Final Tax Exempt Dividend of 4% in respect of the financial year ended 31 December, 2005.  [Resolution 1]

3. To approve the payment of Directors’ fee for the financial year ended 31 December, 2005.  [Resolution 1]

4. To re-elect the following retiring Directors who retire by rotation and being eligible, offer themselves for re-election in accordance with the Article 92 of the Company’s Articles of Association:-
   (i)   Mr. Hey Shiow Hoe  [Resolution 1]
   (ii)  Mr. Tan See Khim  [Resolution 1]

5. To re-appoint Messrs. Ernst & Young as Auditors of the Company for the financial year ending 31 December, 2006 and to authorize the Directors to fix the Auditors’ remuneration.  [Resolution 1]

6. As special business:-
   To consider and if thought fit, to pass with or without modifications, the following resolution:-

Ordinary Resolution

Authority To Issue Share Pursuant To Section 132D of the Companies Act, 1965

“That subject always to the Companies Act, 1965, the Articles of Association of the Company and the approvals of the relevant government/regulatory authorities, the Directors be and are hereby authorized, pursuant to Section 132D of the Companies Act, 1965, to allot and issue shares in the Company at any time until the conclusion of the next Annual General Meeting of the Company and upon such terms and conditions and for such purposes as the Directors may, in their absolute discretion, deem fit provided that the aggregate number of shares to be issued pursuant to this resolution does not exceed 10% of the issued capital of the Company for the time being and that the Directors are also empowered to obtain the approval from Bursa Malaysia Securities Berhad for the listing of and quotation for the additional shares to be issued.”

7. To transact any other ordinary business of which due notice has been given in accordance with the Companies Act, 1965.

NOTICE OF DIVIDEND ENTITLEMENT AND PAYMENT

NOTICE IS HEREBY GIVEN THAT subject to the approval of the shareholders of the Company at the Second Annual General Meeting, a final tax exempt dividend of 4% in respect of the financial year ended 31 December, 2005 will be paid on 6 June, 2006 to members appearing in the Register at the close of business on 22 May, 2006.

A depositor shall qualify for entitlement only in respect of:-

a) Securities transferred into the Depositor’s Securities Account before 4.00 p.m. on 22 May, 2006 in respect of transfers; and

b) Securities bought on the Bursa Malaysia Securities Berhad on a cum entitlement basis according to the rules of the Bursa Malaysia Securities Berhad.

BY ORDER OF THE BOARD

TEO SOON MEI
(MAICSA 7018590)
Company Secretary