Ecosway Annual Report

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contents

Our Mission 1 Corporate Information 2 Profiles of Directors 3

Corporate Profile 6 Group Addresses 7 Corporate Structure 10 Group Financial Summary 12

Group Financial Highlights 14 Chairman’s Statement 15 CEO’s Review of Operations 18

Audit Committee Report 22 Statement on Corporate Governance 26

Statement on Internal Control 31 Financial Statements 32 List of Properties 87

Material Contracts 95 Recurrent Related Party Transactions of Revenue Nature 96

Statement of Directors’ Shareholdings 98 Statistics on Shareholdings 99

Notice of Annual General Meeting 102 Form of Proxy

our

mission

COSWAY CORPORATION BERHAD
(Company No. 194949-H)

To generate consistently profitable returns for our shareholders from investments in core business activities: • By providing direction, financial resources and management support for each operating unit; • Through establishing a major market presence for each activity; • Through dynamic and innovative management, teamwork and a commitment to excellence.

Cosway Corporation Berhad

(Co. No. 194949-H) (Incorporated in Malaysia)

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Annual Report 2003

corporate

information
Auditors
Ernst & Young Chartered Accountants Level 23A, Menara Milenium Jalan Damanlela Pusat Bandar Damansara 50490 Kuala Lumpur

Board Of Directors
Tan Sri Dato’ Jaffar bin Abdul Chairman Dato’ Kanagalingam A/L Veluppillai Deputy Chairman Al Chuah Choong Heong Chief Executive Officer

Registered Office
Dato’ Ismail bin Osman Executive Director Tan Sri Dato’ Danny Tan Chee Sing Y.A.M. Tengku Sulaiman Shah Alhaj Ibni Almarhum Sultan Salahuddin Abdul Aziz Shah Alhaj 11th Floor, Menara Berjaya KL Plaza, 179 Jalan Bukit Bintang 55100 Kuala Lumpur Tel Fax : 03 - 2935 8888 : 03 - 2935 8043

Principal Bankers
Robert Yong Kuen Loke Dato’ Sulaiman bin Alias Affin Bank Berhad Affin-ACF Finance Berhad Alliance Bank Malaysia Berhad AmBank Berhad AmMerchant Bank Berhad

Audit Committee
Chairman/Independent Non-Executive Director Tan Sri Dato’ Jaffar bin Abdul Non-Independent Non-Executive Director Robert Yong Kuen Loke

Aseambankers Malaysia Berhad EON Bank Berhad Malayan Banking Berhad RHB Bank Berhad

Stock Exchange Listing
Independent Non-Executive Directors Dato’ Sulaiman bin Alias Y.A.M. Tengku Sulaiman Shah Alhaj Ibni Almarhum Sultan Salahuddin Abdul Aziz Shah Alhaj Main Board of Kuala Lumpur Stock Exchange

Stock Short Name
COSWAY (4812)

Secretaries
Su Swee Hong (MAICSA No. 0776729) Wong Pooi Cheong (MAICSA No. 0782043)

Place Of Incorporation And Domicile
Malaysia

Share Registrars
Berjaya Registration Services Sdn Bhd Lot C1-C3, Block C 2nd Floor, KL Plaza 179, Jalan Bukit Bintang 55100 Kuala Lumpur Tel Fax : 03 - 2145 0533 : 03 - 2145 9702

Cosway Corporation Berhad

(Co. No. 194949-H) (Incorporated in Malaysia)

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Annual Report 2003

profiles of

directors

Tan Sri Dato’ Jaffar Bin Abdul
71 years of age, Malaysian Chairman (Independent/Non-Executive) He was appointed to the Board on 3 May 1990. He joined the Police Force in 1951 and rose to become Director of the Anti-Narcotic Branch, Federal Police Headquarters in 1982. From 1982 to 1984, he was the Chief Police Officer in Johor and between 1984 to 1985, he was the Director of Management, Police Headquarters in Bukit Aman. He was also the Deputy Inspector General of the Royal Malaysian Police since 1985 before retiring from the civil service in May 1989. He is currently the Chairman of Mycom Berhad, Anson Perdana Berhad and Yinson Holdings Berhad. He also holds directorship in Berjaya Sports Toto Berhad, Olympia Industries Berhad, Angkasa Marketing Berhad, Amalgamated Containers Berhad and several other private limited companies.

Dato’ Kanagalingam a/l Veluppillai
52 years of age, Malaysian Deputy Chairman (Non-Independent/Non-Executive) He was appointed to the Board on 3 June 2002. He is a practising lawyer graduated with a Bachelor of Laws from the University of...
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