ANNUALREPORT 2022
CORPORATE REPORT & COMPLIANCE STATEMENTS
WHAT'S INSIDE
VOLUME 1
CORPORATE REPORT & COMPLIANCE STATEMENTS
- Chairman's Statement
-
Management Discussion & Analysis 12 Sustainability Statement
18 Corporate Information
19 Profile of Group Chief Executive Officer
20 Profile of Directors
26 Key Management Personnel
30 Business Structure by Segment
31 Corporate Structure
32 5-Year Financial Highlights 2018-2022
33 Corporate Governance Overview Statement
43 Statement on Risk Management & Internal Control 46 Audit & Risk Management Committee Report
48 Statement on Directors' Responsibility for Preparing the
Financial Statements
49 Analysis of Shareholdings
53 Other Compliance Information
57 Notice of 19th Annual General Meeting, Appendix A & Appendix B
64 Statement Accompanying Notice of 19th Annual General Meeting
65 Privacy Notice [PDPA]
67 Form of Proxy
69 Contact Details of Subsidiaries
At Microlink, we view the current environment as a promising opportunity to continue our focus on helping our customers bridge the digital gap and transform their businesses to adapt to the 'new normal'.
1
BACKGROUND
It is without doubt that the COVID-19 Pandemic threw the world into turmoil. Adversely affected throughout the previous financial year, Microlink Group has continued to be impacted during the financial year ended (FYE) 31 March 2022. As Malaysia goes through the stages of recovery, navigating through this unprecedented landscape compelled organisations and individuals alike to quickly adapt to the new way of doing business and living our lives.
The effect of widespread movement restrictions, combined in recent months with the impact of the war in Ukraine, has crippled businesses globally. However, we are seeing the economy gradually opening up as vaccination programmes have gained momentum, giving everyone hope that the return to normalcy is a possibility.
The immediate priority for Microlink Solutions Berhad (Microlink/Microlink Group) has been to keep our employees safe, while still being responsive and committed to the needs of our customers and business partners. We have implemented a company-wide hybrid and flexible work-from-home arrangements for employees to continue their daily interaction with colleagues and clients over virtual platforms.
During FY2022, despite the restrictions on economic activity resulting from the continued measures to curb the spread of COVID-19, Malaysia's economy grew by 3.1%, compared to the previous year's decline of 5.5%.
The ICT sector remains to be one of the growing sectors in Malaysia contributing to 22.6% of the country's GDP with a growth of 10.4% from 19.1% in 2019. (Source: Department of Statistics Malaysia Official Portal) At Microlink, we view the current environment as a promising opportunity to continue our focus on helping our customers bridge the digital gap and transform their businesses to adapt to the 'new normal'.
CHAIRMAN'S STATEMENT
ANNUAL REPORT 2022
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Microlink Solutions Bhd published this content on 26 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 14:01:33 UTC.