MALAYSIAN ECONOMY: REVIEW OF 26 & PROSPECTS 187 MALAYSIAN ECONOMY: REVIEW OF 26 & PROSPECTS GROWTH AND INFLATION Notwithstanding global growth headwinds such as moderation in the US economy, high global oil prices, high global inflation, and high global interest rates, the Malaysian economy continued to remain strong in 26. In the first nine months of the year, the economy grew by 6% (Graph 1), supported by domestic and external demand. Based on current trend, the economy is expected to remain on track to achieve at least 5.8% growth for 26. Despite high global oil prices, inflation in Malaysia improved significantly this year when it moderated from its peak of 4.8% in March to 3.1% in October (Graph 2). There were no secondary effects from higher fuel prices and higher electricity tariff on inflation. Also, there were no indications of demand-induced inflationary pressures. The stronger Ringgit this year helped reduce inflationary pressures as well. COMPARATIVE PERFORMANCE Graph 2 Malaysia: Inflation, 25 and 26 % change, y-o-y 5 4 3 2 1 O S A J J M A M F J 6 D N O S A J J M A M F J 5 Source: Department of Statistics, Malaysia. Consumer Price Index, Malaysia s GDP growth in the first nine months of the year was comparable to that of other economies in this region. As shown in Graph 3, Malaysia was the fourth fastest growth in this region after China (1.7%), Singapore (8.6%) and Hong Kong (6.8%). During this period, Malaysia s economy accelerated faster than that of Thailand (5%) and South Korea (5.3%). Graph 3 GDP Growth in Selected Economies, January September 26 China 1.7 Graph 1 Malaysia: Gross Domestic Product, 22 26 Singapore Hong Kong 6.8 8.6 % change, y-o-y 8 7 6 5 4 3 2 1 22 23 24 25 26 (Jan Sep) Malaysia South Korea Thailand 5.3 5. 6. 2 4 6 8 1 12 % annual change Source: Official websites of respective countries Source: Ministry of Finance, Malaysia. Economic Report,
188 LPI CAPITAL BHD ANNUAL REPORT 26 SOURCES OF GROWTH Table 1 Malaysia: GDP Growth by Economic Activity, 25 and 26 (at constant 1987 prices) % Annual Change 25 26 Jan Sep Real Gross Domestic Product 5.2 6. Agriculture, forestry and fishing 2.5 6.3 Mining and quarrying.8-1.2 Manufacturing 5.1 8. Construction -1.6 -.9 Services 6.5 6.3 Source: Department of Statistics, Malaysia. Quarterly National Product and Expenditure Account, Third Quarter 26 Table 2 Malaysia: GDP by Expenditure Components, 25 and 26 (at constant 1987 prices) Aggregate Domestic Demand % Annual Change 25 26 Jan Sep Consumption 8.3 7.1 Public sector 5.4 6.6 Private sector 9.2 7.2 Gross Fixed Capital Formation 4.7 7.3 Exports of Goods and Services 8.6 7.1 Imports of Goods and Services 8. 8.6 Source: Department of Statistics, Malaysia. Quarterly National Product and Expenditure Account, Third Quarter 26 From supply side, growth was broad-based. As showed in Table 1, in the first nine months of the year, the services sector grew by 6.3%, supported by expansion in intermediate and final services, including government services. Manufacturing sector expanded by 8% due to expansion in the export and domestic-oriented industries. Agriculture sector expanded by 6.3%, helped by expansion in palm oil and rubber production. Construction sector improved as showed by a smaller contraction of.9%. From demand side, private sector continued to drive growth. As showed in Table 2, in the first nine months of 26, private consumption expanded by 7.2%, supported by stable labour market, strong export earnings and firm commodity prices. Public consumption expanded by 6.6%, partly due to higher expenditure in the second and third quarters of the year. Public consumption is expected to remain strong in the fourth quarter of 26. Investment continued to increase in 26. For the first nine months of 26, total fixed investment increased by 7.3%, supported by private and public investment. Private investment was helped by high capacity utilisation in the manufactuing sector (8% in the third quarter) and also by improved business sentiment. TRADE PERFORMANCE External sector continued to remain healthy, driven by the regional markets. As showed in Graph 4, in the first nine months of the year, the trade account registered a large surplus of RM15.8 billion (9M 5: RM17.6 billion). Exports of goods and services expanded by 7.1%, mainly due to higher exports of manufactured goods and agriculture products. Imports of goods and services increased by 8.6% due to strong imports of intermediate goods to support industrial activity.
MALAYSIAN ECONOMY: REVIEW OF 26 & PROSPECTS 189 Graph 4 Malaysia: Trade Account Surplus, 22 26 RM billion 3 25 2 15 1 5 22 23 24 25 26 (Jan Sep) Source: Department of Statistics, Malaysia. Monthly External Trade Statistics, October 26 STRONG EXTERNAL FINANCES Malaysia s external finances continued to remain robust in 26 which has helped the country sustain a high sovereign rating. The surplus in the current account of the balance of payments is projected to increase to 17% of gross national product (GNP) by the end of 26 from 16.1% in 25 (Graph 5). The ratio of external debt to GDP is expected to further improve from 39.8% of GDP in 25 to 35.2% in 26 (Graph 6). Also, the international reserves of Bank Negara Malaysia (BNM) remained high and stable. From December 25 to mid-november 26, total international reserves increased by US$9.5 billion or 13.5% to US$8 billion in mid-november 26 (Graph 7). The reserves were sufficient to finance 8.2 months of retained imports and were six times the country s short-term external debt. Graph 5 Malaysia: Current Account Surplus, 22 26 % of GNP 2 18 16 14 12 1 8 6 4 2 22 23 24 25 26 Source: Ministry of Finance, Malaysia. Economic Report, Graph 6 Malaysia: External Debt, 22 26 % of GDP 6 5 4 3 2 1 22 23 24 25 26 Source: Ministry of Finance, Malaysia. Economic Report, Graph 7 Malaysia: International Reserves, 22 26 US$ billion 9 8 7 6 5 4 3 2 1 O S A J J M A M F J 6 D N O S A J J M A M F J 5 N Source: Bank Negara Malaysia, Monthly Statistical Bulletin,
19 LPI CAPITAL BHD ANNUAL REPORT 26 MONETARY AGGREGATES Monetary aggregates continued to expand, consistent with the growth in the real economy. As at the end of October 26, M1 expanded by 9.4%, M2 by 13.2% and M3 by 9.1% (Graph 8). Growth in M3 was partly due to expansionary external operations. MACROECONOMIC MANAGEMENT Because of increased external uncertainties, the Government continued to manage the expectations of a slowing economy. The Government s fiscal spending for 26 strikes the balance between the need to support domestic growth and the need to remain prudent as the Government remains committed to achieve a balanced budget in the long term. For 26 and 27, the Government is expected to keep its budget deficit at 3.5% of GDP and 3.4%, respectively (Graph 9). Monetary policy continued to remain accommodative to support economic activity. As part of its policy to normalise interest rates and align monetary conditions to the prevailing environment, BNM raised its Overnight Policy Rate (OPR) by 8 basis points in the period from November 25 to April 26 (Graph 1). Since May, BNM decided to leave the OPR unchanged at 3.5% due to increased external uncertainties, amidst lower inflation expectations. Despite this, BNM continued to remain vigilant on inflation. Graph 8 Malaysia: Monetary Aggregates, 22 26 % change, y-o-y 5 22 23 24 25 26 (Jan Sep) Source: Bank Negara Malaysia, Monthly Statistical Bulletin, Graph 9 Malaysia: Federal Government s Budget Deficit, 23 27 % of GDP 3 25 2 15 1 6 5 4 3 2 M1 M2 M3 1 23 24 25 26 27 Source: Ministry of Finance, Malaysia. Economic Report,
MALAYSIAN ECONOMY: REVIEW OF 26 & PROSPECTS 191 CAPITAL MARKET % Graph 1 Malaysia: Overnight Policy Rate, 24 26 4. 3.5 3. 2.5 2. Apr 4 Jan 5 Jan 6 Dec 6 Source: Bank Negara Malaysia, Monthly Statistical Bulletin, In addition to the banking system, the capital market continued to provide financing to the economy. Net funds raised stood at RM26 billion in the first ten months of 26 compared to RM37.4 billion in the same period of last year (Graph 11). The bulk of the funds (62.4% of total net funds raised) were raised by the public sector through the issuance of Malaysian Government Securities and Government Investment Issues. Net funds raised by the private sector accounted for 37.6% of total net funds raised in the first ten months of 26 mainly through issuance of private debt securities (PDS). Funds raised through the equity market were only at RM1.4 billion in the ten month period. Graph 11 Malaysia: Funds Raised in the Capital Market, 22 26 6 PERFORMANCE OF THE FINANCIAL SERVICES SECTOR In line with the healthy economic growth, performance of the financial services sector continued to remain strong in 26. In particular, the banking industry continued to turn in strong profitability, backed by strong capitalisation and asset quality. Total assets of the commercial banking industry increased by 14.5% as at the end of October 26 compared to October last year. Total assets of the insurance industry increased by 11.3% as at the end of the second quarter of 26 compared to same quarter of last year. All business performance indicators of the insurance industry such as total premium collected and operating profits are expected to gain more strengths in 26, based on the industry s healthy growth momentum in the preceding year. RM billion 5 4 3 2 1 22 23 24 25 26 (Oct) Source: Bank Negara Malaysia, Monthly Statistical Bulletin,
192 LPI CAPITAL BHD ANNUAL REPORT 26 PROSPECTS FOR 27 The Malaysian economy is expected to remain resilient and register another respectable performance in 27. GDP growth for 27 is projected to be around 6% and inflation moderating to below 3%. The outlook is based on several factors. First, the global economy is expected to remain on a growth track as the decelerating trend in the US economy will be offset by the sustainable growth in the euro area, Japan and Asia. With more than one engines of global growth, the global economy is expected to remain sound and the risk of a deep global recession is minimum. The outlook for the global economy will continue to maintain a steady external environment which is critical for open economies such as Malaysia. Second, growth headwinds such as high global oil prices, high inflation and high interest rates are expected to remain sideline next year. Global oil prices are expected to remain stable at current levels with a downside bias if the demand for oil softens due to the deceleration in the US economy. Also, given that inflation in major developed economies are likely to remain contained, global interest rates are likely to remain at current levels. For the US economy, because of the current economic slowdown, market participants even expect the US Federal Reserve to cut its interest rates in early 27. In the domestic economy, the Malaysian economy is expected to be supported by several factors. Supplemented by public sector spending, the overall domestic demand is expected to remain strong. In particular, private investment activity is expected to be boosted by the implementation of projects under the Ninth Malaysia Plan. To support economic activity in 27, the Government has identified 2 high impact projects worth at least RM1 billion to be rolled out before the end of 26. Private consumption is expected to remain strong due to stable interest rates, stable employment conditions and lower inflation. On the direction of interest rates, it is expected BNM will continue to maintain its accommodative monetary policy to support growth. To support the economy, the Government has budgeted a higher development expenditure for 27 which is expected to increase by 24.3% on the back of strong government revenue. The financial services industry is expected to remain strong in 27, underpinned by strong profitability, capitalisation and asset quality.
ANALYSIS OF SHAREHOLDINGS 193 ANALYSIS OF SHAREHOLDINGS AS AT 1 DECEMBER 26 Authorised share capital Issued and fully paid-up share capital Class of shares Voting rights RM5,, RM138,723, comprising 138,723, ordinary shares of RM1. each Ordinary shares of RM1. each One (1) vote per ordinary share DISTRIBUTION OF SHAREHOLDINGS Shareholders No. of Shares Held Malaysia Foreign Malaysia Foreign Size of Shareholdings No. % No. % No. % No. % Less than 1 shares 36.99 2.5 1,157 61 1 1, shares 1,29 33.27 26.72 1,45,77.76 2,1.2 1,1 1, shares 1,724 47.44 86 2.37 6,953,826 5.4 395,76.29 1,1 1, shares 437 12.3 36.99 11,7,256 8.48 1,259,88.91 1,1 to 6,897,124 (less than 5% of issued shares* 1 ) 65 1.79 9.25 38,273,68 27.75 14,364,1 1.41 6,897,125 (5% of issued shares* 1 ) and above 3.8 1.2 52,114, 37.78 11,814, 8.56 Total 3,474 95.6 16 4.4 11,88,689 79.81 27,853,811 2.19 NOTE: *1 Excluding a total of 78,5 LPI Capital Bhd ( LPI ) shares bought-back by LPI and retained as treasury shares as at 1 December 26.
194 LPI CAPITAL BHD ANNUAL REPORT 26 TOP THIRTY SHAREHOLDERS (Without aggregating the securities from different securities accounts belonging to the same Depositor) Name of Shareholders No. of Shares Held % of Issued Shares* 1 1. Selected Holdings Sdn Berhad 19,446, 14.1% 2. Kepunyaan Chintamani Sdn Bhd 16,748, 12.14% 3. NIPPONKOA INSURANCE CO., LTD 1,739, 7.79% 4. Kepunyaan Pejal Sdn Berhad 8,92, 6.47% 5. PB Securities Nominees (Tempatan) Sdn Bhd Public Bank Group Officers Retirement Benefits Fund 6,739,4 4.89% 6. Selected Holdings Sdn Berhad 3,, 2.17% 7. Premium Bond Company Limited 3,, 2.17% 8. HSBC Nominees (Asing) Sdn Bhd Exempt AN for BNP Paribas Securities Services (Convert in USD) 2,5,9 1.81% 9. Mayban Nominees (Tempatan) Sdn Bhd Mayban Trustees Berhad for Public Regular Savings Fund 2,118,9 1.54% 1. Kepunyaan Pejal Sdn Berhad 2,, 1.45% 11. Kepunyaan Chintamani Sdn Bhd 2,, 1.45% 12. Cartaban Nominees (Asing) Sdn Bhd State Street London Fund XCB9 for Aberdeen Asian Smaller Companies Investment Trust PLC 2,, 1.45% 13. Tan Sri Dato Sri Dr. Teh Hong Piow 1,8, 1.3% 14. Amanah Raya Nominees (Tempatan) Sdn Bhd Public Savings Fund 1,356,2.98% 15. Amanah Raya Nominees (Tempatan) Sdn Bhd Public Equity Fund 1,269,3.92% 16. Southern Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Ang Beng Poh 1,243,.9% 17. Mayban Nominees (Tempatan) Sdn Bhd Mayban Trustees Berhad for Public Balanced Fund 1,221,5.89% 18. Teo Ah Khiang @ Chiang Kee Foon 1,29,.88%
ANALYSIS OF SHAREHOLDINGS 195 Name of Shareholders No. of Shares Held % of Issued Shares* 1 19. Mayban Nominees (Tempatan) Sdn Bhd Aberdeen Asset Management Sdn Bhd for the Employees Provident Fund Board 1,145,.83% 2. Amanah Raya Nominees (Tempatan) Sdn Bhd Public Growth Fund 1,114,2.81% 21. Premium Bond (M) Sdn Berhad 1,1,.8% 22. NIPPONKOA INSURANCE CO., LTD 1,75,.78% 23. Amanah Raya Nominees (Tempatan) Sdn Bhd Public Smallcap Fund 1,73,9.78% 24. Tunku Osman Ahmad 1,7,.78% 25. Tasec Nominees (Asing) Sdn Bhd TA Securities (HK) Ltd for Wincase Holdings Ltd 1,39,4.75% 26. Citigroup Nominees (Asing) Sdn Bhd Goldman Sachs International 1,37,3.75% 27. Premium Bond Company Limited 1,,.72% 28. Premium Bond Company Limited 896,.65% 29. PM Nominees (Tempatan) Sdn Bhd Olive Lim Swee Lian 885,88.64% 3. HSBC Nominees (Asing) Sdn Bhd HSBC-FS for Aberdeen Malaysia Equity Fund 869,5.63% Total 99,617,38 72.22% NOTE: *1 Excluding a total of 78,5 LPI Capital Bhd ( LPI ) shares bought-back by LPI and retained as treasury shares as at 1 December 26.
196 LPI CAPITAL BHD ANNUAL REPORT 26 SUBSTANTIAL SHAREHOLDERS as per Register of Substantial Shareholders as at 1 December 26 Name of Shareholders No. of Shares Held Direct Interests Indirect Interests Total % of Issued Shares* 1 1. Selected Holdings Sdn Berhad 22,446, 22,446, 16.27% 2. Kepunyaan Chintamani Sdn Bhd 18,748, 18,748, 13.59% 3. NIPPONKOA INSURANCE CO., LTD 11,814, 11,814, 8.56% 4. Kepunyaan Pejal Sdn Berhad 1,92, 1,92, 7.92% 5. Tan Sri Dato Sri Dr. Teh Hong Piow 1,952, 59,123, 61,75, 44.28% 6. Consolidated Teh Holdings Sdn Berhad 422, 58,71, 59,123, 42.86% 7. Kayakita Corporation Sdn Bhd 1,92, 1,92, 7.92% 8. Monivest Sdn Bhd 1,92, 1,92, 7.92% DIRECTORS SHAREHOLDINGS as at 1 December 26 Name of Directors No. of Shares Held Direct Interests Indirect Interests Total % of Issued Shares* 1 1. Tan Sri Dato Sri Dr. Teh Hong Piow 1,952, 59,123, 61,75, 44.28% 2. Dato Yeoh Chin Kee 35, 5, 85,.62% 3. Mr. Tee Choon Yeow 4, 1, 5,.36% 4. Mr. Tan Kok Guan 285, 285,.21% 5. Mr. Lee Chin Guan 993, 993,.72% 6. Mr. Geh Cheng Hooi 84, 84,.61% NOTE: *1 Excluding a total of 78,5 LPI Capital Bhd ( LPI ) shares bought-back by LPI and retained as treasury shares as at 1 December 26.
AUTHORISED AND ISSUED SHARE CAPITAL 197 AUTHORISED AND ISSUED SHARE CAPITAL AUTHORISED SHARE CAPITAL The authorised share capital as at 31 December 26 is RM5,, divided into 5,, ordinary shares of RM1. each. The changes in the authorised share capital are as follows:- Date Increase in Authorised Share Capital (RM) Total Authorised Share Capital (RM) 24.5.1962 1,, 1,, 28.6.1972 4,, 5,, 14.11.1972 5,, 1,, 14.5.1973 2,, 3,, 1.3.1995 7,, 1,, 19.2.1997 4,, 5,, ISSUED AND PAID-UP SHARE CAPITAL The issued and paid-up share capital as at 31 December 26 is RM138,723, comprising of 138,723, ordinary shares of RM1. each. The changes in the issued and paid-up share capital are as follows:- Date of Allotment No. of Shares Allotted Consideration Total Issued and Paid-up Share Capital (RM) 4.1.1962 2 Subscribers Shares 2 28.3.1963 999,998 Allotment of Shares to Essex Securities Ltd and Montreal Trust Company 28.6.1972 2,, Bonus Issue 1:2 of 5, ordinary shares of RM1. each and Allotment of 1,5, ordinary shares of RM1. each to Kuala Lumpur Holdings Sdn. Berhad, Far Eastern Oriental Sdn. Berhad and Mr. Fred Eu Keng Fai 1,, 3,, 18.1.1973 2,, Rights Issue 1:3 at RM1. 5,, 3.12.1972 3,, Allotment of ordinary shares of RM1. each to Wei Woo Estates & Investment Limited, Hong Kong, in exchange of 6,, shares of HK$1. each in Wei Woo Estates & Investment Limited 8,,
198 LPI CAPITAL BHD ANNUAL REPORT 26 ISSUED AND PAID-UP SHARE CAPITAL (CONT D) Date of Allotment No. of Shares Allotted Consideration Total Issued and Paid-up Share Capital (RM) 1.6.198 6,, Allotment of 7 1/2% Convertible Preference Shares of RM.5 each to Selected Holdings Sdn. Berhad 29.1.1992 8,8, Capitalisation of share premium account, capital reserve account and revenue reserve account (Bonus Issue 4:5) 22.6.1994 9,9, Capitalisation of share premium account and revenue reserve account (Bonus Issue 1:2) 1.11.1996 11,88, Capitalisation of unappropriated profits (Bonus Issue 2:5) 11,, 19,8, 29,7, 41,58, 1.12.1996 11,88, Rights Issue 2:5 at RM7. 53,46, 15.1.1999 53,46, Capitalisation of share premium reserve account (Bonus Issue 1:1) 12.4.2 435, Exercise of share options under LPI ESOS at option price of RM2.6 per share 18.1.21 43, Exercise of share options under LPI ESOS at option price of RM2.6 per share 24.7.22 1,739, Subscription of new ordinary shares of LPI by NIPPONKOA INSURANCE CO., LTD. At RM3.81 per share 8.1.23 473, Exercise of share options under LPI ESOS at option price of RM3.29 per share 21.8.23 1,117, Exercise of share options under LPI ESOS at option price of RM3.29 per share 3.9.23 432, Exercise of share options under LPI ESOS at option price of RM3.29 per share 8.1.24 1,237, Exercise of share options under LPI ESOS at option price of RM3.29 per share 29.3.24 1,857, Exercise of share options under LPI ESOS as follows:- 1,773, shares at option price of RM3.29 84, shares at option price of RM3.76 4.6.24 619, Exercise of share options under LPI ESOS as follows:- 592, shares at option price of RM3.29 27, shares at option price of RM3.76 16,92, 17,355, 17,398, 118,137, 118,61, 119,727, 12,159, 121,396, 123,253, 123,872,
AUTHORISED AND ISSUED SHARE CAPITAL 199 ISSUED AND PAID-UP SHARE CAPITAL (CONT D) Date of Allotment No. of Shares Allotted Consideration Total Issued and Paid-up Share Capital (RM) 27.8.24 921, Exercise of share options under LPI ESOS as follows:- 675, shares at option price of RM3.29 4, shares at option price of RM3.76 242, shares at option price of RM3.66 22.1.24 1,545, Exercise of share options under LPI ESOS as follows:- 1,5, shares at option price of RM3.29 15, shares at option price of RM3.76 48, shares at option price of RM3.66 29.11.24 98, Exercise of share options under LPI ESOS as follows:- 624, shares at option price of RM3.29 37, shares at option price of RM3.76 319, shares at option price of RM3.66 24.12.24 1,583, Exercise of share options under LPI ESOS as follows:- 567, shares at option price of RM3.29 71, shares at option price of RM3.76 756, shares at option price of RM3.66 189, shares at option price of RM4.3 24.1.25 1,257, Exercise of share options under LPI ESOS as follows:- 391, shares at option price of RM3.29 255, shares at option price of RM3.76 526, shares at option price of RM3.66 85, shares at option price of RM4.3 8.2.25 5,653, Exercise of share options under LPI ESOS as follows:- 94, shares at option price of RM3.29 594, shares at option price of RM3.76 4,888, shares at option price of RM3.66 77, shares at option price of RM4.3 18.4.25 435, Exercise of share options under LPI ESOS as follows:- 27, shares at option price of RM3.29 161, shares at option price of RM3.76 112, shares at option price of RM3.66 27, shares at option price of RM4.3 18, shares at option price of RM5.94 11.7.25 192, Exercise of share options under LPI ESOS as follows:- 3, shares at option price of RM3.29 11, shares at option price of RM3.76 47, shares at option price of RM3.66 27, shares at option price of RM4.3 14, shares at option price of RM5.94 124,793, 126,338, 127,318, 128,91, 13,158, 135,811, 136,246, 136,438,
2 LPI CAPITAL BHD ANNUAL REPORT 26 ISSUED AND PAID-UP SHARE CAPITAL (CONT D) Date of Allotment No. of Shares Allotted Consideration Total Issued and Paid-up Share Capital (RM) 21.7.25 93, Exercise of share options under LPI ESOS as follows:- 1, shares at option price of RM3.29 37, shares at option price of RM3.76 87, shares at option price of RM3.66 46, shares at option price of RM4.3 759, shares at option price of RM5.94 7.1.25 288, Exercise of share options under LPI ESOS as follows:- 3, shares at option price of RM3.29 26, shares at option price of RM3.76 26, shares at option price of RM3.66 8, shares at option price of RM4.3 15, shares at option price of RM5.94 75, shares at option price of RM6.29 2.1.25 271, Exercise of share options under LPI ESOS as follows:- 42, shares at option price of RM3.29 11, shares at option price of RM3.66 3, shares at option price of RM4.3 127, shares at option price of RM5.94 88, shares at option price of RM6.29 17.11.25 23, Exercise of share options under LPI ESOS as follows:- 1, shares at option price of RM3.29 19, shares at option price of RM5.94 3, shares at option price of RM6.29 3.11.25 61, Exercise of share options under LPI ESOS as follows:- 26, shares at option price of RM3.66 2, shares at option price of RM5.94 15, shares at option price of RM6.29 14.12.25 165, Exercise of share options under LPI ESOS as follows:- 55, shares at option price of RM3.76 31, shares at option price of RM3.66 51, shares at option price of RM5.94 25, shares at option price of RM6.29 3, shares at option price of RM6.95 27.12.25 547, Exercise of share options under LPI ESOS as follows:- 3, shares at option price of RM3.29 1, shares at option price of RM3.76 12, shares at option price of RM3.66 1, shares at option price of RM4.3 38, shares at option price of RM5.94 67, shares at option price of RM6.29 74, shares at option price of RM6.95 137,368, 137,656, 137,927, 137,95, 138,11, 138,176, 138,723,
PARTICULARS OF PROPERTIES 21 PARTICULARS OF PROPERTIES HELD BY THE GROUP Location No. 34, 34-1 to 34-3 Jalan Sri Hartamas 8 (Jalan 8/7A), Sri Hartamas 548 Kuala Lumpur Units 2-39, 2-41, 2-43 and 2-45, Goldhill Plaza, Newton Road Singapore Description 4 storey shop office 2nd floor of 6 storey building Current use Rented out to third parties Rented out to third parties Tenure Freehold Leasehold 999 years Remaining lease period (Expiry date) 964 years (26 February 2971) Age of property 23 years 35 years Built-up area 1,6 sq. ft. per floor 4,952 sq. ft. Net book value RM1,8, RM6,746,44 Date of acquisition 1 September 1984 26 February 1972 Date of last revaluation 17 September 25 12 April 26
PROXY FORM I/ We NRIC No./ Co. No. : of being a member/ members of LPI CAPITAL BHD ( the Company ), hereby appoint NRIC No. : of or failing him/ her, the CHAIRMAN OF THE MEETING as my/ our proxy, to vote for me/ us on my/ our behalf, at the Forty-Sixth Annual General Meeting of the Company to be held on 31 January 27 at 11. a.m. and at any adjournment thereof in respect of my/ our holding of shares in the manner indicated below: No. Resolution For Against 1. Adoption of Audited Financial Statements and Reports thereon for the financial year ended 31 December 26. 2. Declaration of special dividend of 25% less 27% Malaysian income tax for the financial year ended 31 December 26. 3. Declaration of final dividend of 55% less 27% Malaysian income tax for the financial year ended 31 December 26. 4. Re-election of Mr. Tee Choon Yeow as Director. 5. Re-appointment of Tan Sri Dato Sri Dr. Teh Hong Piow as Director. 6. Re-appointment of Mr. Geh Cheng Hooi as Director. 7. Approval of payment of Directors fees. 8. Appointment of Auditors and to authorise the Directors to fix the Auditors remuneration. 9. Authority under Section 132D of the Companies Act, 1965 for the Directors to issue shares. 1. Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. 11. Proposed Renewal of Share Buy-Back Authority. Signature of First or Sole Shareholder or Common Seal: Dated this day of 27 NOTES: 1. A member entitled to attend and vote at the meeting of the Company is entitled to appoint one or more proxies (who need not be members of the Company) to attend and vote in his/ her stead. The instrument appointing a proxy must be deposited at the registered office of the Company at 6th Floor, Bangunan Public Bank, 6, Jalan Sultan Sulaiman, 5 Kuala Lumpur not less than 48 hours before the time set for the meeting. 2. In the case of a corporation, the instrument appointing a proxy or proxies must be under seal or under the hand of an office or attorney duly authorised. 3. The signature to the instrument appointing a proxy or proxies executed outside Malaysia must be attested by a solicitor, notary public, consul or magistrate. 4. Please indicate with an X in the appropriate space opposite each resolution how you wish the proxy to vote on your behalf. If this form of proxy is signed and returned without any indications as to how the proxy shall vote, he will exercise his decision as to whether or not he abstains from voting and, if appropriate, as to how he votes. 5. Please insert the number of ordinary shares to which this proxy relates in the space provided. If a number is inserted, this form of proxy will be deemed to relate only to those shares. If no number is inserted, this form will be deemed to relate to all the ordinary shares in the Company which are registered in your name (whether alone or jointly with others). 6. In the case of joint shareholders, this form of proxy must be signed by the shareholder whose name stands first in the Register of Shareholders.
BRANCH NETWORK Lonpac Insurance Bhd HEAD OFFICE LG, 6th-7th, 21st-25th Floor, Bangunan Public Bank, 6, Jalan Sultan Sulaiman, 5 Kuala Lumpur. P.O. Box 178, 5722 Kuala Lumpur. Tel No. : (3) 2262 8688/ 2723 7888 Fax No. : (3) 2715 1332/ 278 7455/ 234 2654/ 2715 722/ 272 3385/ 2715 696/ 2715 697 Website : www.lonpac.com BRANCH OFFICES ALOR SETAR BRANCH 22B & 22C (1st & 2nd Floor), Medan Putra, Seberang Jalan Putra, 515 Alor Setar, Kedah. Encik Mohd Ruzaimi Mohd Yusof Tel No. : (4) 731 4413/ 731 5854/ 733 3645 Fax No. : (4) 733 61 PENANG BRANCH 66, Penang Street, 12 Penang. Mr. Wong Boon Chuan Tel No. : (4) 261 7998 Fax No. : (4) 262 784 IPOH BRANCH 36A, 1st Floor, Jalan Dato Onn Ja afar, 33 Ipoh, Perak. Senior Mr. James Kong Wai Mun Tel No. : (5) 254 34 Fax No. : (5) 254 2119 KUANTAN BRANCH B-62B, 1st Floor, Lorong Tun Ismail 8, Sri Dagangan II, 25 Kuantan, Pahang. Mr. Yong Kim Keong Tel No. : (9) 514 417/ 515 317/ 516 4428 Fax No. : (9) 514 51 KOTA BHARU BRANCH Lot (PT) 199 & 26, Tingkat 2, Jalan Pintu Pong, Section 8, 15 Kota Bharu, Kelantan. Mr. Won Pier Chyuan Tel No. : (9) 744 3166/ 744 366 Fax No. : (9) 744 9948 SEREMBAN BRANCH No. 7, Campbell Street, 7 Seremban, Negeri Sembilan. Mr. Bernard Fong Luen Foo Tel No. : (6) 762 5677 Fax No. : (6) 762 9627 MELAKA BRANCH 547-A & B, Taman Melaka Raya, 75 Melaka. Mr. Tai Lai Meng Tel No. : (6) 282 5169/ 281 3158 Fax No. : (6) 284 197 JOHOR BAHRU BRANCH Suite No. 25.3 & 25.4, 25th Floor, Public Bank Tower, No. 19, Jalan Wong Ah Fook, 8 Johor Bahru, Johor. Mr. Yap Chee Kiat Tel No. : (7) 222 1368 Fax No. : (7) 223 549 SINGAPORE BRANCH 11 Thomson Road # 18-1, United Square, Singapore 37591. Principal Officer Mr. Andrew Loh Weng Fai Tel No. : (2) 625 7388 Fax No. : (2) 6253 258 KUCHING BRANCH Lot 258 & 259, Section 49, KTLD (1st Floor), Jalan Chan Chin Ann, 931 Kuching, Sarawak. Mr. Ting Siew Teck Tel No. : (82) 428 529 Fax No. : (82) 424 512 MIRI BRANCH No. 78, 1st Floor, Bintang Jaya Commercial Centre, Jalan Bintang, 98 Miri, Sarawak. Ms. Margaret Rose Chia Kin Lin Tel No. : (85) 41 233/ 42 233/ 438 17 Fax No. : (85) 422 188 KOTA KINABALU BRANCH Level 9, Wisma Fook Loi, No. 38, Jalan Gaya, 88 Kota Kinabalu, Sabah. Mr. David Juffely Sitagap Tel No. : (88) 217 922/ 212 97/ 222 25 Fax No. : (88) 236 917 TAWAU BRANCH TB 35, 1st Floor, Leong Hua Building, Jalan Dunlop, 91 Tawau, Sabah. Ms. Tiffany Kok Kim Lee Tel No. : (89) 756 997/ 756 998 Fax No. : (89) 756 995