Amtel Holdings Bhd. · MYX:AMTEL
Amtel Holdings Bhd — Shareholder Meeting (May 2023)
17 slides from Amtel Holdings Bhd's shareholder meeting presentation, May 24, 2023
Slide 1: 26th Annual General Meeting 24 May 2023
AMTEL HOLDINGS BERHAD 199601037096 (409449-A) 26th Annual General Meeting 24 May 2023
Slide 2: MSWG Questions & Answers
MSWG QUESTIONS & ANSWERS AMTEL
Slide 3: Operational & Financial Matters
Operational & Financial Matters Question 1 The Company’s manufacturing lines were not able to operate at maximum efficiency as there were many instances of production line down due to the inability of certain suppliers to cope with the pent-up demand. The Company’s buffered stocks were wiped out at
Slide 4: Operational & Financial Matters
Operational & Financial Matters Question 2 To fend off competition, the Group will continue to reinforce its core value and competency by leveraging on its competitive strengths such as strong business relationship with its customers, partnerships, new innovations integrating green features, especia
Slide 5: Operational & Financial Matters
Operational & Financial Matters Question 3 One of the incentives which is directly beneficial to the Group is that full tax exemption will be provided for Electric Vehicle (“EV”) charging equipment manufacturers from 2023 to 2032, as well as a complete Investment Tax Allowance over a five-year perio
Slide 6: Operational & Financial Matters
Operational & Financial Matters Question 4 Based on the positive feedbacks and orders received from its customers in relation to its EV charging equipment, Comfort expects its Green Technology division to gain more tractions as it continues to roll out more EV-related products and services. (page 19
Slide 7: Operational & Financial Matters
Operational & Financial Matters Question 5 The Company expects the demand for its existing own in-house designed products, mainly built-in toll reader (LOKATAG) and digital video recorder to continue to increase within this financial year. (page 19 of AR 2022) On what basis does the Company expect t
Slide 8: Operational & Financial Matters
Operational & Financial Matters Question 6 The Company is confident with the adoption of its products and services across several new vehicle model which are currently not equipped with its products at the moment. (page 19 of AR 2022) On what basis is the Company confident? What competitive edge doe
Slide 9: Operational & Financial Matters
Operational & Financial Matters Question 7 Net cash from/(used in) operating activities turned from RM2.45 million in FY 2021 to (RM2.19 million) in FY 2022. (page 72 of AR 2022) Going forward, what measures would the Group take to enhance the net cash from operating activities to turn it positive a
Slide 10: Operational & Financial Matters
Operational & Financial Matters Question 8 Revenue from 3 (2021: 3) major customers of the Group amounted to RM44,706,815 (2021: RM34,481,653). (page 133 of AR 2022) For FY 2022, revenue from the 3 major customers constitutes 74% of the Group’s revenue. Has the Company taken measures to mitigate the
Slide 11: Corporate Governance Matters
Corporate Governance Matters Question 1 Ordinary Resolution 4 states “That subject to their consent to act, HLB Ler Lum Chew PLT be and are hereby appointed as the Auditors of the Company in place of the retiring Auditors, Baker Tilly Monteiro Heng PLT to hold office until the conclusion of the next
Slide 12: Corporate Governance Matters
Corporate Governance Matters Question 1 (b) Why is there a need to change the auditors especially considering the Audit Committee has stated the following in the AR? “Based on the results of the assessment for the financial year under review, the Audit Committee is satisfied with the quality of serv
Slide 13: Corporate Governance Matters
Corporate Governance Matters Question 1 (b) Baker Tilly Monteiro Heng PLT replaced Baker Tilly AC (formerly known as Moore Stephens AC) back in 2017 was only due to the merger of Baker Tilly Monteiro Heng and Moore Stephens AS. The same team has served us for more than 26 years. The unprecedented si
Slide 14: Corporate Governance Matters
Corporate Governance Matters Question 2 Practice 1.6 - Directors receive meeting materials, which are complete and accurate within a reasonable period prior to the meeting. Upon conclusion of the meeting, the minutes are circulated in a timely manner. AMTEL’s response: Departure. The Board is suppli
Slide 15: Corporate Governance Matters
Corporate Governance Matters Question 2 The agenda and meeting papers are normally distributed seven (7) days in advance prior to the meetings to allow the Directors sufficient time to review and request for any further information or clarification, while the draft minutes prepared by the Company Se
Slide 16: Corporate Governance Matters
Corporate Governance Matters Question 3 Practice 5.9 - The board comprises at least 30% women directors. AMTEL’s response: Departure. Currently, there is no woman Director on Board. Nevertheless, the Board acknowledges the importance of gender diversity and is in the midst of appointing a woman Dire
Slide 17: Thank You
Thank You Amtel Holdings Berhad (KLSE: 7031) 199601037096 (409449-A) CO} No. 12, Jalan Pensyarah U1/28, Hicom-Glenmarie Industrial Park, 40150, Shah Alam, Selangor, MALAYSIA. @ 603-5632 6788 8 info@amtel.com.my (@) amtel.com.my AMTEL
Amtel Holdings Berhad — Shareholder Meeting (May 2023) on 6ix