C.I. Holdings

CIHLDG

MYL2828OO001

Food Processing

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
2.83 ^MYR	+0.71%		+0.71%	-1.39%

Mar. 06	C.I. Holdings Berhad Appoints Encik Amir Nashrin Bin Johari as Executive Director	CI
Feb. 28	C.I. Holdings Berhad Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023	CI

C I : ANNUAL REPORT 2023

September 27, 2023 at 03:06 am EDT

Cover Rationale

The high-flying kite is chosen for our cover to reflect the company's Malaysian identity as well as to represent the upward trajectory of our financials in these demanding times. It also brings to mind a quote by Winston Churchill, "Kites rise highest against the wind, not with it." Indeed, we are able to soar above unprecedented challenges to raise revenues for our stakeholders: a local company with a can-do spirit that has consistently performed well on a global level.

C.I. HOLDINGS BERHAD 197801000889 (37918-A)

CONTENTS

CORPORATE

02 Corporate Information

04 Profile of Directors

10 Group Management Team's Profile

13 Management Discussion and Analysis

18 Sustainability Statement

24 Corporate Governance Overview Statement

34 Audit Committee Report

37 Statement on Risk Management and Internal Control

40 Directors' Responsibility Statement

FINANCIAL

STATEMENTS

42 Directors' Report and Audited Financial Statements

108 List of Properties

110 Analysis of Shareholdings

Additional Compliance Information
Notice of Forty-Fifth Annual General Meeting

118 Administrative Guide Form of Proxy

ANNUAL REPORT 2023

C.I. HOLDINGS BERHAD 197801000889 (37918-A)

CORPORATE INFOMATION

Board Of Directors

Datuk Seri Johari Bin Abdul Ghani

Non-IndependentNon-Executive Chairman

Dato' Sukumaran s/o Ramasamy

Non-IndependentNon-Executive Deputy Chairman (Redesignated on 28 October 2022)

Mohammad Bin Alwi

Group Managing Director (Appointed on 3 January 2023)

Datin Mariam Prudence Binti Yusof

Non-IndependentNon-Executive Director

Lee Cheang Mei

Non-IndependentNon-Executive Director

Megat Joha Bin Megat Abdul Rahman

Non-IndependentNon-Executive Director (Redesignated on 3 January 2023)

Sharina Binti Saidon

Senior Independent Non-Executive Director (Appointed on 28 October 2022 and redesignated on 1 March 2023)

Dato' Sivananthan a/l Shanmugam

Independent Non-Executive Director (Appointed on 3 January 2023)

Audit Committee

Mohammad Farish Nizar Bin Othman

Chairman, Independent Non-Executive Director (Appointed on 3 January 2023)

Sharina Binti Saidon

Senior Independent Non-Executive Director (Appointed on 28 October 2022)

Dato' Sivananthan a/l Shanmugam

Independent Non-Executive Director (Appointed on 6 January 2023)

Teh Bee Tein

Chairperson, Independent Non-Executive Director (Ceased to hold office on 3 January 2023)

Nor Hishammuddin Bin Dato' Mohd Nordin

Senior Independent Non-Executive Director (Ceased to hold office on 3 January 2023)

Kasinathan a/l Tulasi

Independent Non-Executive Director (Ceased to hold office on 3 January 2023)

Datuk Haji Ariffin Bin Imat

Independent Non-Executive Director

(Appointed on 3 January 2023, ceased to hold office on 6 January 2023)

Mohammad Farish Nizar Bin Othman

Independent Non-Executive Director (Appointed on 3 January 2023)

Nor Hishammuddin Bin Dato' Mohd Nordin

Senior Independent Non-Executive Director (Resigned on 3 January 2023)

Teh Bee Tein

Independent Non-Executive Director (Resigned on 3 January 2023)

Kasinathan a/l Tulasi

Independent Non-Executive Director (Resigned on 3 January 2023)

Datuk Haji Ariffin Bin Imat

Independent Non-Executive Director (Resigned on 6 January 2023)

Fung Heen Choon

Alternate Director to Lee Cheang Mei (Resigned on 28 October 2022)

Remuneration Committee

Sharina Binti Saidon

Chairperson, Senior Independent Non-Executive Director (Appointed on 28 October 2022 and redesignated on 3 January 2023)

Datuk Seri Johari Bin Abdul Ghani

Non-IndependentNon-Executive Chairman

(Appointed on 3 January 2023)

Mohammad Farish Nizar Bin Othman

Independent Non-Executive Director (Appointed on 6 January 2023)

Nor Hishammuddin Bin Dato' Mohd Nordin

Chairman, Senior Independent Non-Executive Director (Ceased to hold office on 3 January 2023)

Datuk Haji Ariffin Bin Imat

Independent Non-Executive Director (Ceased to hold office on 6 January 2023)

Teh Bee Tein

Independent Non-Executive Director (Ceased to hold office on 3 January 2023)

ANNUAL REPORT 2023

C.I. HOLDINGS BERHAD 197801000889 (37918-A)

CORPORATE INFOMATION

(continued)

Nomination Committee

Sharina Binti Saidon

Chairperson, Senior Independent Non-Executive Director (Appointed on 28 October 2022, Redesignated on

6 January 2023)

Datin Mariam Prudence Binti Yusof

Non-IndependentNon-Executive Director (Appointed on 3 January 2023)

Dato' Sivananthan a/l Shanmugam

(Appointed on 6 January 2023)

Datuk Haji Ariffin Bin Imat

Chairman, Independent Non-Executive Director (Redesignated on 3 January 2023, ceased to hold office on 6 January 2023)

Nor Hishammuddin Bin Dato' Mohd Nordin

Senior Independent Non-Executive Director (Ceased to hold office on 3 January 2023)

Company Secretaries

On Pooi Fong

MAICSA 7018189/ SSM PC NO. 202208000204

Tai Yuen Ling

LS 0008513/ SSM PC NO. 202008001075

Share Registrar

Boardroom Share Registrars Sdn. Bhd. [Registration No. 199601006647 (378993-D)]

11th Floor, Menara Symphony

No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13 46200 Petaling Jaya, Selangor

Tel: 603-7890 4700

Fax: 603-7890 4670 www.boardroomlimited.com bsr.helpdesk@boardroomlimited.com

Teh Bee Tein

Independent Non-Executive Director (Ceased to hold office on 3 January 2023)

Risk Management Committee

Mohammad Farish Nizar Bin Othman Chairman

Mohammad Bin Alwi Member

Sharina Binti Saidon Member

Amir Nashrin Bin Johari Member

Azlan Bin Ahmad Member

Chaw Pei Yee Member

Foo Loke Yean Member

Teoh Kar Hoe Member

Group Management Team

Mohammad Bin Alwi

Group Managing Director

Dato' Sukumaran s/o Ramasamy

Executive Chairman - Palmtop Vegeoil Products Sdn Bhd

Amir Nashrin Bin Johari

General Manager to Chairman's Office

Azlan Bin Ahmad

Head of Corporate and Legal Affairs

Chaw Pei Yee

Senior Manager - Finance & Administration

Azril Akmar Bin Attan Akmar

Chief Executive Director - Continental Resources Sdn Bhd

Baharuddin Bin Basirun

Chief Operating Officer - Continental Resources Sdn Bhd

Foo Loke Yean

Chief Executive Officer - Doe Industries Sdn Bhd

Registered Office

Suite A-11-1, Level 11, Hampshire Place Office 157 Hampshire

No. 1, Jalan Mayang Sari 50450 Kuala Lumpur Tel: 603-2182 7333 Fax: 603-2166 7208 www.cih.com.my pooifong@cih.com.my

Auditors

BDO PLT (AF 0206)

Level 8

BDO @ Menara CenTARa

360 Jalan Tunku Abdul Rahman

50100 Kuala Lumpur

Tel: 603-2616 2888

Fax: 603-2616 3190

Principal Bankers

Affin Bank Berhad

CIMB Bank Berhad

Malayan Banking Berhad

RHB Bank Berhad

RHB Islamic Bank Berhad

Listing

Main Market of Bursa Malaysia Securities Berhad

Stock Name : CIHLDG

Stock Code : 2828

AN UAL REPORT 2023

Attachments

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Disclaimer

C.I. Holdings Bhd published this content on 26 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2023 07:05:10 UTC.

Latest news about C.I. Holdings

C.I. Holdings Berhad Appoints Encik Amir Nashrin Bin Johari as Executive Director	Mar. 06	CI
C.I. Holdings Berhad Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023	Feb. 28	CI
C.I. Holdings Berhad Announces the Appointment of Mariam Prudence Binti Yusof as Non Independent and Non Executive Member of Nomination and Remuneration Committee	Jan. 31	CI
C.I. Holdings Berhad Announces Redesignation of Encik Megat Joha Bin Megat Abdul Rahman from Director to Non Independent and Non Executive Chairman	Dec. 12	CI
C.I. Holdings Berhad Announces Cessation of Office for Datuk Seri Johari Bin Abdul Ghani as Non Independent and Non Executive Member of Nomination and Remuneration Committee	Dec. 12	CI
C.I. Holdings Berhad Announces Resignation of Datuk Seri Johari Bin Abdul Ghani as Non Independent and Non Executive Chairman	Dec. 12	CI
C.I. Holdings Berhad Reports Earnings Results for the First Quarter Ended September 30, 2023	Nov. 23	CI
C.I. Holdings Berhad Announces Cessation of Mohammad Bin Alwi as Executive Member of Risk Committee	23-10-31	CI
C.I. Holdings Berhad Announces Cessation of Sivananthan A/L Shanmugam as Independent and Non Executive Member of Nomination and Remuneration Committee	23-10-31	CI
C.I. Holdings Berhad Announces Cessation of Mariam Prudence Binti Yusof as Non Independent and Non Executive Member of Nomination and Remuneration Committee	23-10-31	CI
C.I. Holdings Berhad Announces Resignation of Madam Lee Cheang Mei as Non Independent and Non Executive Director	23-10-27	CI
CI Holdings Hikes Dividend Despite Profit Drop in Fiscal Q4	23-08-24	MT
C.I. Holdings Berhad Announces Final Single-Tier Dividend of the Financial Year Ended 30 June 2023, Payable on 10 October 2023	23-08-23	CI
C.I. Holdings Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2023	23-08-23	CI
C.I. Holdings Berhad Appoints Tai Yuen Ling as Joint Secretary, Effective 16 July 2023	23-07-14	CI
C.I. Holdings Berhad Announces Resignation of Tan Lai Hong as Joint Secretary, Date of Change 16 Jul 2023	23-07-14	CI
C.I. Holdings Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023	23-05-29	CI
C.I. Holdings Berhad Announces Redesignation of Cik Sharina Binti Saidon to Independent and Non Executive Member of Risk Committee	23-03-01	CI
C.I. Holdings Berhad Announces Redesignation of Cik Sharina Binti Saidon to Chairman of Remuneration Committee	23-03-01	CI
C.I. Holdings Berhad Announces Redesignation of Cik Sharina Binti Saidon to Chairman of Nomination Committee	23-03-01	CI
C.I. Holdings Berhad Announces Redesignation of Cik Sharina Binti Saidon from Independent Non-Executive Director to Senior Independent Non-Executive Director	23-03-01	CI
C.I. Holdings Berhad Announces Redesignation of Cik Sharina Binti Saidon to Senior Independent Non-Executive Director, Member of Audit Committee	23-03-01	CI
CI Holdings' Profit, Revenue Soar in Fiscal Q2; Shares Jump 13%	23-02-20	MT
C.I. Holdings Berhad Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022	23-02-17	CI
C.I. Holdings Berhad Announces the Appointment of Encik Mohammad Bin Alwi as Executive Member of Risk Committee	23-01-06	CI

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Company Profile

C.I. Holdings Berhad is a Malaysia-based company, which is engaged in investment holding and the provision of management services to its subsidiaries. The Company is involved in marketing, branding and merchandising of various consumer-packed edible oil products in the domestic and international market, and trading in a broad range of tap and sanitary ware products. The Company operates through three segments: Edible oil, Tap-ware and sanitary ware, and Investment holding. The Edible oil segment is engaged in selling, packing and marketing of all types of edible oil. Its Tap-ware and sanitary ware segment is engaged in manufacturing and trading of household fittings and appliances such as water taps, plumbing accessories and sanitary wares. The Company's subsidiaries include Continental Resources Sdn. Bhd., Doe Industries Sdn. Bhd. and C.I. Building Industries Sdn. Bhd.

Sector

Food Processing

Calendar

2024-05-21 - Q3 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Sector Starch, Vegetable Fat & Oil Manufacturing

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