(359750-D) Corporate Profile 30 July 2010 2 Introduction to Crescendo Corporation Berhad (“CCB”)...

(359750-D)(359750-D)

Corporate ProfileCorporate Profile

30 July 201030 July 201030 July 201030 July 2010

2

Introduction to Crescendo Corporation BerhadIntroduction to Crescendo Corporation Berhad (“CCB”) Group(“CCB”) Group

CCB is listed on the Main Board of Bursa Malaysia Securities Bhd with a market capitalisation and shareholders’ fund of RM183 million and RM457 million respectively.

CCB Group is primarily involved in property development and construction related activities in Johor since 1989.

3

PRINCIPAL ACTIVITIESPRINCIPAL ACTIVITIES

Business ActivitiesBusiness Activities

Property DivisionProperty Division Construction DivisionConstruction Division OthersOthers

Property Development

Resort Development (future)

Building Construction

Civil Engineering

Concrete Products

Education Property investment & Management Services

4

GROUP STRUCTURE AS AT 27 JULY 2010GROUP STRUCTURE AS AT 27 JULY 2010

100%

Unibase Construction

Sdn Bhd (22898-A)

70%

Panoramic Jaya Sdn Bhd

(651964-D)

100%

Crescendo Development

Sdn Bhd (204079-D)

100%

Ambok Resorts

Development Sdn Bhd

(329538-M)

60% Unibase Concrete Industries Sdn Bhd

(380745-A)

100%

Unibase Corporation

Sdn Bhd (343826-P)

70%

Repute Ventures

Sdn Bhd (392908-V)

100%

Unibase Jaya Sdn Bhd

(388414-H)

100%

Unibase Trading Sdn Bhd

(456217-U)

86%

Repute Construction

Sdn Bhd (456224-P)

70%

Crescendo Land

Sdn Bhd (611503-M)

70%

Crescendo Jaya Sdn Bhd

(603468-X)

100%

Crescendo Education

Sdn Bhd (472850-T)

60%

Crescendo International

College Sdn Bhd

(362221-T)

100% Crescendo

Creative Education Sdn Bhd

(687412-V)

Crescendo Corporation Berhad (359750-D)

100% Panoramic Industrial

Development Sdn Bhd

(148382-K)

100%

Repute Corporation

Sdn Bhd (564792-D)

100%

Panoramic Land Sdn

Bhd (626926-T)

100% Crescendo Commercial

Complex Sdn Bhd

(414716-A)

70% Unibase

Pre-Cast Sdn Bhd

(791633-H)

5

Group’s Performance for the Past 3 YearsGroup’s Performance for the Past 3 Years

2008 2009 2010 1Q2011*

Revenue (RM’000) 124,707 203,020 160,321 44,690

Profit Before Tax (RM’000) 32,233 44,030 26,114 7,389

Profit After Tax (RM’000) 23,805 33,985 19,359 5,426

Margin - Profit Before Tax (%) 26 22 16 17

- Profit After Tax (%) 19 17 12 12

Share Capital (RM’000) 155,068 155,071 155,071 155,090

Shareholders’ fund (RM’000) 350,732 421,960 450,940 456,803

Earning Per Share (sen) 15.0 20.3 11.7 3.1

PE Ratio (times) 8.1 3.7 9.7 N/A

Return on Capital Employed (Pre-tax) 7% 8% 4.3% 1.2%

Return on Shareholders’ equity (Pre-tax) 9.2% 10.4% 5.8% 1.6%

Return on Total Assets (Pre-tax) 6.3% 7.3% 3.8% 1.1%

Gearing (times) 0.31 0.29 0.35 0.40

Note:

* Based on unaudited 3 months results ended 30 April 2010

6

Dividend Payment Ratio (Times)Dividend Payment Ratio (Times)

2008 2009 2010 1Q2011*

Profit Attributable (RM’000) 22,866 31,317 18,012 4,812

Net Dividend Declared (RM’000) 8,085 9,655 **8,099 -

Dividend (Sen) 7.0 7.0 7.0 -

Dividend Yield (%) 5.7 9.3 6.2 -

Dividend Pay-out (%) 35.4 30.8 45.0 -

Market Price (RM) 1.22 0.75 1.13 1.17

NTA (RM) 2.26 2.72 2.91 2.95

•Based on unaudited 3 months results ended 30 April 2010. •** An interim dividend of 3 sen less tax, based on paid up capital as at 30 November 2009, was paid on 16 December 2009 and final dividend of 4 sen comprising of 3 sen less tax and 1 sen tax exempt, is proposed for financial year ended 31 January 2010.

(Source: For 2007, 2008, 2009 & 2010, the market price is based on The Star as at 31 January 2007, 31 January 2008, 31 January 2009 and 31 January 2010 respectively.)

7

Analysis by SegmentsAnalysis by Segments

REVENUE PROFIT Margin

2010 *1Q2011 2010 *1Q2011 2010 *1Q2011

(RM’000) (RM’000) (RM’000) (RM’000) % %

Property Development & Construction

106,263 29,649 20,597 7,185 19 24

Manufacturing & trading 55,301 18,083 2,111 647 4 4

Management services & others

10,203 2,157 5,558 1,386 54 64

Less: Inter-segment eliminations

(11,446) (5,199) 1,161 (742)

Unallocated income/ (loss) 171 -

Unallocated expenses (2,232) (424)

Finance cost (1,252) (663)

TOTAL 160,321 44,690 26,114 7,389 16 17

Note:

* Based on unaudited 3 months results ended 30 April 2010

8

Results by Segment (FY2010)Results by Segment (FY2010)

Property Development &

Construction68%

Management services and

others5%Manufacture of

concrete products27%

REVENUE

9

Results by Segment (FY2010)Results by Segment (FY2010)

Property Development &

Construction71%

Management services and

others21%

Manufacture of concrete products

8%

PROFIT (EBIT)

10

Development LandbankDevelopment Landbank

(i) Final conversion and subdivision approval(ii) Development right through the Privatisation Agreement.* Land within the boundary of Iskandar Malaysia (formerly known as Iskandar Development Region) is approximately

1,741 acres.

Project /Taman Distance Status Type of Developmentfrom JB Development Land

(Acres)* Taman Perindustrian 16km Approved Industrial/ 155

Cemerlang Commercial

* Desa Cemerlang 16km Approved Residential/ 115 Commercial

Bandar Cemerlang 20km* - Tebrau, Johor Bahru Approved (i) Mixed 864 - Kota Tinggi Approved (i) Mixed 526

* Taman Tiram Jaya 20km Approved Residential 10

Ambok 67km Pending finalisation Resorts/ 794 of layout plan Mixed

* Taman Dato Chellam 18km Approved Residential/ 41 Commercial

* Nusa Cemerlang 30km Approved Industrial 334 Industrial Park

* CLSB Land 18km Approved (ii) Mixed 222

Total development land as at 30 April 2010 3,061

11

PROPERTY DEVELOPMENTPROPERTY DEVELOPMENT

12

Location of LandbankLocation of Landbank

CLSB Land

13

Location of LandbankLocation of Landbank

14

Nusa Cemerlang Industrial Park (NCIP)Nusa Cemerlang Industrial Park (NCIP)

527 acres of gross industrial development land forming part of Bandar Nusajaya has been approved for development of approximately 353 units of factories.

NCIP will be developed into an industrial park. Main infrastructures such as rail, port and major highway are all in place nearby.

The Iskandar Regional Development Authority (“IRDA”) will spearhead massive new development in South-Western Johor into a major commercial, residential and industrial hub.

15

Nusa Cemerlang Industrial Park (NCIP) (Cont.)Nusa Cemerlang Industrial Park (NCIP) (Cont.)

To date 157 units of detached and semi-detached factories with Gross Development Value of RM460 million have been launched.

96 units of detached and semi-detached factories with Gross Development Value of RM258 million have been sold to date.

16

Competitive Advantages of NCIPCompetitive Advantages of NCIP

Foreign investors and industrialists, especially those from Singapore, will be interested to invest in the cheap freehold medium industrial properties of NCIP in view of its proximity to Singapore which is merely 10 minutes drive from Tuas Singapore through the 2nd Link. Also, compared to light industrial land, medium industrial land at NCIP can accommodate a broader range of manufacturing industries.

Top management of Singaporean industrialists who set up factories at NCIP will also have easier and more efficient control over their

manufacturing operations.

17

Competitive Advantages of NCIP (Cont.)Competitive Advantages of NCIP (Cont.)

Skilled and unskilled workers are available from nearby housing estates and the established townships close to NCIP. Liberal immigration policy allows expatriate positions where there is a shortage of trained Malaysians to fill the required posts.

Enhanced security features with only 2 entrances which are guarded and a wide perimeter main drain surrounding NCIP will effectively deter trespassers and provides security.

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NCIP is close to Tanjung Pelepas Port and easily accessible to Pasir Gudang Port, Tanjung Langsat Port and Jurong Port. It is also close to Singapore Changi International Airport and there is easy access through Second Link to Customs, Immigration and Quarantine Complex (CIQ). It is next to Gelang Patah Interchange that links to all national highways. With good connectivity, a lot of time can be saved in the transportation of raw materials and manufactured products.

19


Water Supply

6.2 million liters per day water of WHO standards with a 25 million liters concrete storage reservoir upgradeable to 50 million liters.

Power Supply

24-hour electricity supply available from TNB with transmission voltages of 500kV, 275kV, 132kV, 66kV and distribution voltages at 33kV, 22kV, 11kV, 6.6kV, 0.415kV.

20


TelecommunicationNCIP area is serviced by Telekom Malaysia (TM) and Time Dotcom Bhd through a network of fibre optic cables.

Telekom Malaysia (TM) nation-wide network ensures extensive international connectivity bringing the convenience of communication technology to industries.

Waste DisposalNCIP is connected to the existing 50,000 PE central sewerage treatment plant which is upgradeable to 150,000 PE.

21

Location Plan of NCIPLocation Plan of NCIP

22

Layout Plan of NCIPLayout Plan of NCIP

23

Industrialists at NCIPIndustrialists at NCIP

Industry* Country of origin

Engineering Malaysia, Germany

Metal plating Malaysia, Germany

Metal stamping Malaysia

Corrugated packaging Malaysia

Machinery Singapore

Oil & gas equipment manufacturer Malaysia

Rubber manufacturer USA

Bio-tech Malaysia

Injection molding Singapore

Food Singapore

Air conditioner Singapore

Confectionery Malaysia

Garment Malaysia

Can manufacturer Korea

Gypsum board Malaysia

Pets food manufacturing Britain

Electrical components Singapore

Printing Germany

*Type of Industries operating at NCIP as at 30 June 2010

24

Industrialists at NCIP (Cont.)Industrialists at NCIP (Cont.)

Profile of the investors based on Value

Korea1% USA

15%

Singapore44%

Malaysia34%

Germany6%

Germany Korea USA Singapore Malaysia

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27


28


29


30


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Design Features of NCIPDesign Features of NCIP

Aluminium Composite Panel & High Reflective Glass to the front facade

Upmarket facade - projection of good corporate image

Eave Height of 9 meters for Detached Factories & 8 meters for Semi-Detached Factories 0.5mm Metal Roofing with Rock wool insulation

NCIP factories are designed and built to meet the high expectation of the buyers. As such, several features are incorporated into the design such as:-

32

Design Features of NCIP (Cont.)Design Features of NCIP (Cont.)

Floor Hardener to the production area Detached Factory with built-in TNB Sub-Station

Detached Factory surrounded with Concrete Driveway

Wide access road

33

Bandar Cemerlang (BC) Bandar Cemerlang (BC)

1,390 acres of landbank near Ulu Tiram to be developed into a self-contained new township of residential/commercial development.

The construction of interchange had commenced in 4th quarter FY2010 and is expected to be ready by December 2010.

Launching of single storey houses expected to commence in FY2012.

Estimated to generate RM2.5 billion of revenue over 12-15 years.

34

Layout Plan of BCLayout Plan of BC

35

Taman Perindustrian Cemerlang (TPC)Taman Perindustrian Cemerlang (TPC)

16km from Johor Bahru, 30km from Senai Airport and 16km from Singapore.

Among the largest industrial parks in Johor.

A 600-acre industrial park which is expected to house some 900 factories once fully developed.

To date have completed 765 industrial units worth RM734 million.

36

Desa Cemerlang (DC)Desa Cemerlang (DC)

Located next to TPC.

Self-contained township containing some 6,900 units of mixed development.

To date, have completed 4,584 units worth RM533 million.

37

Layout Plan of DC & TPCLayout Plan of DC & TPC

38

Location Plan of Ambok ResortsLocation Plan of Ambok Resorts

This land has been zoned for mixed development and it is possible to start developing this land in 10 years’ time into a retirement homes cum mixed development project in line with the Malaysian 2nd home concept.

39

CLSB LandCLSB Land

A mixed development of residential and commercial premises on 221.58 acres of land.

Main access and reclamation works will commence soon and is expected to complete before the end of FY2012.

Comprises 2,413 units of residential properties, 290 units of shop offices and approximately 50 acres of commercial land.

The land is a water front project located in a prime location within Iskandar Malaysia and very near Johor Bahru.

The new highway from Johor Bahru to Pasir Gudang through CLSB under 9th Malaysian Plan will shorten the traveling time from city centre to CLSB land significantly. The distance of approximately 18km from JB to CLSB Land will take 20 minutes.

40

Layout Plan of CLSB LandLayout Plan of CLSB Land

41

Taman Dato’ Chellam (TDC)Taman Dato’ Chellam (TDC)

37.6 acres of mixed development land acquired on 12 May 2004.

Located opposite to TPC and DC.

Ready for immediate development which will certainly enhance earning capacity of the Group.

This project is expected to generate about RM120 million in revenue over a period of 5 to 6 years.

38 units of double storey terrace house & shop office with Gross Development Value of RM12.1 million have been sold to date.

42

Layout Plan of TDCLayout Plan of TDC

43

Construction ActivitiesConstruction Activities

Undertaken by Unibase group, which commenced activities in August 1989.

Contributed 22% of group revenue and 15% of group EBIT in FY2010.

Undertakes both in-house and external contracts, with external contracts under Repute Construction Sdn. Bhd.

44

Concrete ManufacturingConcrete Manufacturing

45

Concrete ManufacturingConcrete Manufacturing

Contributed 27% of group revenue and 8% of EBIT respectively in FY2010. Operates 3 ready-mixed concrete plants with a total capacity of 300 cubic m/hr.

These 3 plants also manufacture ‘u’ drains, concrete pipes/culverts, piles and other precast concrete products for the export market.

Concrete plant and other concrete products cater for both in-house and external needs. Sales to external parties is approximately 93% or RM37.1 million in FY2010.

46

CONSTRUCTIONCONSTRUCTION

47

STRENGTHSSTRENGTHS

48

Established brand name We have established our brand name in Johor property market. Good response for our products. Value added features like better landscaping, gated community,

etc. Main developer of integrated industrial park in Johor.

Sufficient and strategically located landbank Total gross development land of approximately 3,061 acres will

keep CCB Group busy until the next decade.

StrengthsStrengths

49

Sufficient and strategically located landbank (Cont.) Located in close proximity to Singapore, Johor Bahru, Pasir

Gudang and Senai Airport, the land banks currently under development are within the boundary of Iskandar Malaysia which will benefit from the Government’s proposed development expenditure of RM12.2 billion under the 9th Malaysia Plan.

Due to the close proximity of NCIP to Tuas in Singapore and improvement in bilateral relationship between the two countries, it is anticipated that there will be significant relocation of Singapore industrialists to NCIP to take advantage of the lower land cost , lower operating cost, utilities charges and capital expenditure. Such close proximity to Singapore will also facilitate the management of the operation by the Singaporean industrialists after the relocation.

Strengths (Cont.)Strengths (Cont.)

50

Sufficient and strategically located landbank (Cont.) The recent resolution of KTM railway land issue followed by

reduction in Second Link charges by 30%, additional routes and liberalized cross border public transport and the participation of Singapore in the development of an iconic wellness township project in Iskandar, will spur the local economy and improve connectivity between the two countries.

With the growing interest among Singapore companies to invest in Iskandar Malaysia, we believe more new investments by multinational companies operating in Singapore will follow soon.


51

Integrated operation The residential, commercial and industrial lots are competitively

priced since the construction is undertaken by in-house construction companies. Consequently there have been repeated sales through introduction of new buyers by existing customers.

Capable Management Top management has almost 30 years’ experience in property

and construction industry and is quick to identify and capitalize on opportunities and trends in the property market as well as identify commercially viable projects for diversification.


52

Financial Strength

Healthy balance sheet: net gearing at only 0.40x.

The strong financial position of CCB Group allows for pre-purchase of building materials and pre-building of properties to mitigate the impact of rising building material prices on development costs. This will result in better profit margins for the Group.


53

COMPETITIVE COMPETITIVE ADVANTAGESADVANTAGES

54

Competitive AdvantagesCompetitive Advantages

Iskandar Malaysia covers 2,217 square kilometers of land in South Johor and is the key engine of growth identified under the 9MP.

Iskandar Malaysia has been identified as the key growth engine of Johor and Malaysia under the 9th Malaysia Plan. The government has provided adequate world class infrastructures and facilities to attract more foreign investors to invest in the area.

There are large foreign direct investments into this region especially those from Singapore, in view of the spiraling property prices in Singapore and to take advantage of the various Iskandar Malaysia

incentives.

55

Competitive Advantages (Cont.)Competitive Advantages (Cont.)

Malaysian property remains one of the cheapest in the region - The availability of contiguous and sizeable land in Malaysia

gives Malaysia a competitive cost advantage in terms of land prices.

Competitive utilities and manpower cost- The utilities and manpower cost of Malaysia is among

the cheapest in the region.

Proposed tax incentive (Budget 2009)- The employment income of a Malaysian and foreign

knowledge worker residing in Iskandar Malaysia is to be taxed at 15% indefinitely.

56


Potential Appreciation of Land Value

- Initiatives by Johor State Government/ Khazanah to attract international property developers, operators and investors

to invest in the property in Iskandar Malaysia will lead to a big jump in property values, especially land with international development potential.

57


Synergistic and Integrated Operations In-house construction, civil engineering and building materials division

offers synergistic benefits.

The integrated building and civil construction work ensure that building and construction works are of consistently good quality and completed on time at low costs.

The in-house building materials trading arm ensures timely supply of building materials at competitive prices.

BC, DC and TDC are located close to one another, consequently the overall management overhead will be lower.

58

BUSINESS OUTLOOKBUSINESS OUTLOOK

59

Business OutlookBusiness Outlook

FY2010 was a relatively challenging period with uncertainty in the global economic environment and credit crunch problems.

For the FY2011, the property market is making a strong comeback with renewed buying interest due to lower interest rates and better economic outlook.

The Group expects the industrial development and construction operations to be the main profit contributors for the Group in

FY2011.

60

Business Outlook Business Outlook (Cont.)(Cont.)

The business outlook for Crescendo Group in the medium to long term is expected to be good for the following reasons:

Good rental market- The rental market for industrial properties is expected to be good as it can

cater for industrialists who are currently not ready to enter into purchase commitments.

- Property investors will also be keen to buy our tenanted industrial properties because they can get a reasonable return for their investment.

Malaysian property remains one of the cheapest in the region

- The availability of contiguous and sizeable land in Malaysia gives Malaysia a competitive cost advantage in terms of land prices.- Attracting international property developers, operators and investors to invest in the Malaysian property sector will lead to increase in property values, especially land with international market potential.- The Malaysian real estate remains attractive in terms of price stability, value and potential appreciation.

61

Business Outlook Business Outlook (Cont.)(Cont.)

Prime Location- Out of our total landbank of 3,061 acres, 1,741 acres of our converted landbank is

located within the prime Iskandar Malaysia area.

Improvement in residential property market - We expect the current oversupply situation to improve in view of the better

employment prospects for Johor Bahru residents due to the recent opening of the Integrated Resorts project in Singapore, better economic growth and active

developments within Iskandar Malaysia. These developments will create significant employment opportunities for the JB residents and inmigration workers from other states. This large population of young employed will be ready to purchase their residential homes in the Iskandar Malaysia area where our projects are located.

The Government is currently further liberalising various sectors of the economy with new measures to boost it in the face of the global recession. All property transactions including those between foreigners and non-bumiputeras will no longer require the Foreign Investment Committee’s approval.

62

Dividend Policy

Rewarding shareholders with minimum dividend payout of 30% of Net Profit After Tax and Minority Interests.

For FY2011, expected to maintain a gross dividend of at least 7%.

Dividend PolicyDividend Policy

63

Near-Term ProspectsNear-Term Prospects

Total committed sales for FY2011 up to 30 June 2010 is RM100.1 million, out of which new sales committed during FY2011 is RM74.5 million. Total revenue recognised up to 30 April 2010 is RM18.8 million.

Total unrecognised revenue for FY2011 up to 30 June 2010 is RM81.3 million.

The Group is expected to remain profitable for FY2011.

64

Near-Term Prospects (Cont.)Near-Term Prospects (Cont.)

Development for Financial Year 2011 and 2012 (Period covered: 1 June 2010 to 31 Jan 2012)

Unitavailable /

Development Type launched GDVUnit RM m

Launched ProjectsResidential and commercial- Double storey terrace houses 57 15 - Shop office 33 21

Industrial- Detached and semi-detached 70 238

160 274 New Project launches

Residential and commercial- Shop office 48 26 - Single storey terrace house 1,000 90 Industrial- Detached and semi-detached 34 125

1,082 241

65

NCIP will be the main contributor to future Group earnings in the next few years.

We will complete the main access and reclamation works for CLSB Land by FY2012.

Medium-to-Long Term ProspectsMedium-to-Long Term Prospects

66

An interchange providing access to the Bandar Cemerlang development via the new Johor Bahru-Kota Tinggi highway is presently under construction and is scheduled for completion together with the Johor Bahru-Kota Tinggi highway by the end of 2010. The launching of single storey houses in Bandar Cemerlang is expected to commence in FY2012 and this project is expected to contribute positively to the revenue and profit of the Group.

The completion of the Sg Johor Bridge project in tandem with the new Senai-Desaru Highway in 2 years time will boost land value of 794-acre landbank in Kota Tinggi. This land has been zoned for mixed development and it is possible to start developing this land in 10 years’ time into a retirement homes cum mixed development project.

Medium-to-Long Term Prospects (Cont.)Medium-to-Long Term Prospects (Cont.)

67

Medium-to-Long Term Prospects (Cont.)Medium-to-Long Term Prospects (Cont.)

Education Proposed construction of a new campus for our college

which is expected to be in operation by FY2012 With proper campus, the college will be able to attract

foreign students Total project cost of the new campus is expected to be

approximately RM6 million

68

STRATEGIESSTRATEGIES

69

StrategiesStrategies

For the residential operations, the Group will concentrate on selling the existing stocks as the demand for this sector is

improving.

The Group’s focus now is on the development of commercial and industrial properties. The demand for the commercial

and industrial properties is good and the Group will continue to invest in this sector but in smaller phases so as to be

conservative.

There will be more emphasis on residential and commercial sector in the medium term when we start to develop Bandar Cemerlang and CLSB Land.

70

The Group will continue its strategy of selling substantially built and completed buildings as the Group has received strong demand from customers preferring to buy substantially built/completed buildings.

We also have pre-built factories for rent to industrialists. Given the lower cost environment, we are confident of significant demand for rental market at NCIP by foreigners who are currently operating in higher cost areas.

The Group will provide wider array of ready built property choices according to market demand Large detached factories and landed commercial properties to attract

purchasers from Singapore Smaller semi-detached factories for both the local and foreign

purchasers Affordable houses (<RM250,000) Quality & modern design shop offices at populated areas

Strategies (Cont.)Strategies (Cont.)

71

THANK YOUTHANK YOU

Questions & Answers Questions & Answers SessionSession

Telephone number: 07-224 8316 Email address: [email protected]

72

APPENDIXAPPENDIX

73

CORPORATE FACT SHEETCORPORATE FACT SHEET

Listed On: April 8, 1997 (Main Board)April 8, 1997 (Main Board)Issued Shares: 155.090 mil155.090 mil(27 July 2010)Par Value Per Share: RM1.00RM1.00NTA/Share: RM2.95RM2.95 (30 April 2010)Estimated Free Float: 25% or 38.8m shares25% or 38.8m sharesMarket Capitalization asof 27 July 2010: RM183 milRM183 milMajor Shareholders: Sharikat Kim Loong SB (64.07%)Sharikat Kim Loong SB (64.07%)

(15 June 2010) Public Smallcap Fund (2.74%)Public Smallcap Fund (2.74%)

Public Far-East Property & Public Far-East Property & Resorts Fund(2.61%)Resorts Fund(2.61%)

Financial Year End: 31 January31 January

74

Corporate Address:

Telephone number:

Fax:

Website:

Lot 18.02, 18Lot 18.02, 18thth Floor, Floor,Public Bank Tower,Public Bank Tower,19, Jalan Wong Ah Fook,19, Jalan Wong Ah Fook,80000 Johor Bahru,80000 Johor Bahru,Johor, MalaysiaJohor, Malaysia

+607 224 8316+607 224 8316

+607 223 2562+607 223 2562

www.crescendo.com.mywww.crescendo.com.my

CORPORATE FACT SHEET (Cont.)CORPORATE FACT SHEET (Cont.)

75

BOARD OF DIRECTORSBOARD OF DIRECTORS

Name Position

Gooi Seong LimChairman & Managing Director

Gooi Seong Heen Executive Director

Gooi Seong Chneh Executive Director

Gooi Seong Gum Executive Director

Gan Kim Guan Senior Independent Director

Yeo Jon Tian @ Eeyo Jon Thiam

Independent Director

Tan Ah Lai Independent Director

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(359750-D) Corporate Profile 30 July 2010 2 Introduction to Crescendo Corporation Berhad (“CCB”)...

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