Annual Report 2020

Chairman's Statement Dr. Chia Song Kun Executive Chairman Dear Shareholders Year 2020 marks a key milestone in the annals of QL Resources Berhad. It is the year of our 20th anniversary as a public listed company. QL has grown from a company with amarket capitalisation of RM100million at our Initial Public Offering on 30 March 2000, to a corporation which shareholders valued at RM12,006million (about RM12.01 billion) as at the close of our financial year 2020. Through our 20-year history of earning continued investors’ confidence, we have sailed through both headwinds and tailwinds to deliver year upon year of sustained growth. QL returned revenue and profit before tax (PBT) compounded annual growth rate (CAGR) of 14.6% and 12.3% respectively in these last two decades. Our loyal shareholders enjoyed a return on investment of 26.1% CAGR. Our share value has increased 104 times since our initial listing. This means 1,000 shares bought during our IPO for RM2,500 have returned an investment worth RM260,000 as at 31 March 2020. The road to where we are today is dotted with unforgettable milestones. Within six years after becoming a public listed company, QL grew from a RM407 million revenue company at IPO to turn in our first billion- ringgit revenue in 2006. Three years later our market capitalisation crossed over the billion-ringgit mark, and we were added as one of the FTSE-Bursa Malaysia Mid 70 Index. The first decade culminated in QL being inducted into the prestigious The Edge Billion Ringgit Club. Annual Report | 2020 QL Resources Berhad 24