Annual Report 2020

Management Discussion & Analysis Mr. Chia Song Kooi Group Managing Director The fiscal year under review of 1 April 2019 to 31 March 2020 (FY2020) was a period of fluctuating and challenging environment for businesses. Focusing on our strategy and core strengths, QL Resources Berhad pushed through the stormy season to record yet another year of double-digit growth as we commemorate our 20th anniversary as a public listed company this year. Crowningthismomentouscelebrationis the naming of our Executive Chairman, Dr Chia Song Kun, as The Edge Billion Ringgit Club Value Creator: Outstanding CEO of Malaysia. As we continue to build capacity for the continued growth of our business, we remain guided by our principle of creating shared value, as established when we first started business over three decades ago. QL is an integrated agro-based business group producing nourishing products from agro resources via three core business pillars: Integrated Livestock Farming (ILF), Marine Products Manufacturing (MPM), and Palm Oil Activities (POA). The inroad into the Convenience Store (CVS) business via FamilyMart in FY2017 is a natural extension of the value chain in QL’s business. QL is charting path as a sustainable and scalable regional agro-food group driven on core values and understanding of our core competencies. Our strategy has built the group to its stature today, consistently delivering quality products, and sustainable performance to maintain our market leadership. Annual Report | 2020 QL Resources Berhad 28