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MIGHT Directors’ Report And Audited Financial Statements 2020
MALAYSIAN INDUSTRY - GOVERNMENT GROUP FOR HIGH TECHNOLOGY (320059 - P) (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) (INCORPORATED IN MALAYSIA)
DIRECTORS’ REPORT
The Directors have pleasure in presenting their report together with the audited financial statements of the Group and of the Company for the financial year ended 31 December 2020.
PRINCIPAL ACTIVITIES
The principal activities of the Company are to prospect and promote the process of industries development through the strategic application of science and technology, for the benefit of the socio-economic development in Malaysia. The principal activities of the subsidiaries and an associate are set out in Note 5 and Note 6 to the financial statements.
There have been no significant changes in the nature of the Group and of the Company during the financial year.
RESULTS
GROUP
COMPANY
RM
RM
Net surplus for the financial year
31,089,078
8,554,632
There was no material transfers to or from reserves or provisions during the financial year. RESERVES AND PROVISIONS
In accordance with the Memorandum of Association, no dividend is payable to the members of the Company. DIVIDEND
DIRECTORS
The Directors who have held o ce during the financial year and up to the date of this report are as follows:
Malaysian Industry - Government Group for High Technology
YBhg. Tan Sri Datuk Dr. Ir. Ahmad Tajuddin bin Ali, FASc (Joint Chairman) YBhg. Datuk Dr. Mohd Yuso bin Sulaiman* (President & Chief Executive O cer) YBhg. Datuk Khalilur Rahman bin Ebrahim* YBhg. Dato’ P’ng Soo Hong
YBhg. Datuk Khairil Adri bin Adnan YBhg. Datuk Matthew Tee Kai Woon
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