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CONTENTS Page Notice of Meeting 1 Corporate Information 4 Directors’ Profile 5 Corporate Governance Statement 9 Statement on Internal Control 13 Audit Committee Report 14 Nomination Committee 18 Remuneration Committee 18 5 Years Group Financial Highlights 19 The Group’s Businesses 20 Chairman’s Statement: Bahasa Malaysia 21 English 24 Chinese 26 Financial Statements: Directors’ Report 28 Income Statements 34 Balance Sheets 35 Statements of Changes in Equity 37 Cash Flow Statements 40 Notes to the Financial Statements 42 Statement by Directors 119 Statutory Declaration 119 Independent Auditors’ Report 120 List of Group Properties 122 Analysis of Shareholdings and Convertible Securities 123 Other Information 128 Form of Proxy Enclosed
NOTICE OF MEETING NOTICE IS HEREBY GIVEN THAT the Thirty-Seventh Annual General Meeting of Lion Corporation Berhad will be held at the Meeting Hall, Level 16, Office Tower, No. 1 Jalan Nagasari (Off Jalan Raja Chulan), 50200 Kuala Lumpur on 24 November 2010 at 11.30 am for the following purposes: AGENDA 1. To receive the Directors’ Report and Audited Financial Statements for the financial year ended 30 June 2010. 2. To approve the payment of Directors’ fees amounting to RM234,000 (2009: RM234,000). 3. To re-elect Directors: In accordance with Article 98 of the Company’s Articles of Association, the following Directors retire by rotation and, being eligible, offer themselves for re-election: Y. Bhg. Tan Sri William H.J. Cheng Y. Bhg. Datuk Emam Mohd Haniff bin Emam Mohd Hussain 4. To consider and, if thought fit, pass the following resolutions pursuant to Section 129(6) of the Companies Act, 1965 as ordinary resolutions: “THAT pursuant to Section 129(6) of the Companies Act, 1965, Mr Folk Fong Shing @ Kok Fong Hing be and is hereby re-appointed Director of the Company to hold office until the next annual general meeting of the Company.” “THAT pursuant to Section 129(6) of the Companies Act, 1965, Mr M. Chareon Sae Tang @ Tan Whye Aun be and is hereby re-appointed Director of the Company to hold office until the next annual general meeting of the Company.” 5. To re-appoint Auditors to hold office until the conclusion of the next annual general meeting and to authorise the Directors to fix their remuneration. 6. Special Business 6.1 To consider and, if thought fit, pass the following ordinary resolutions: 6.1.1 Authority to Directors to issue shares “THAT pursuant to Section 132D of the Companies Act, 1965 and subject to the approval of all relevant authorities being obtained, the Directors be and are hereby empowered to issue shares in the Company at any time and upon such terms and conditions and for such purposes as the Directors may, in their absolute discretion deem fit, provided that the aggregate number of shares issued pursuant to this resolution does not exceed 10% of the issued and paid-up capital of the Company for the time being and that such authority shall continue to be in force until the conclusion of the next annual general meeting of the Company.” 1 Note 3 Resolution 1 Resolution 2 Resolution 3 Resolution 4 Resolution 5 Resolution 6 Resolution 7
Page 4 and 5: 6.1.2 Proposed Shareholders’ Mand
Page 6 and 7: CORPORATE INFORMATION Board of Dire
Page 8 and 9: Tan Sri Cheng Yong Kim Non-Independ
Page 10 and 11: Folk Fong Shing @ Kok Fong Hing Ind
Page 12 and 13: Supply of Information The Board as
Page 14 and 15: 3. RELATIONS WITH SHAREHOLDERS AND
Page 16 and 17: AUDIT COMMITTEE REPORT COMPOSITION
Page 18 and 19: ACTIVITIES DURING THE FINANCIAL YEA
Page 20 and 21: NOMINATION COMMITTEE Chairman : Mr
Page 22 and 23: THE GROUP’S BUSINESSES • Aerial
Page 24 and 25: sebanyak 25%. Kesan positif pengumu
Page 26 and 27: CHAIRMAN’S STATEMENT On behalf of
Page 28 and 29: 主席报告我谨代表董事部,
Page 30 and 31: FINANCIAL STATEMENTS 2010 For The F
Page 32 and 33: DIRECTORS’ INTERESTS (continued)
Page 34 and 35: OTHER STATUTORY INFORMATION Before
Page 36 and 37: INCOME STATEMENTS FOR THE FINANCIAL
Page 38 and 39: BALANCE SHEETS (continued) AS AT 30
Page 40 and 41: Group STATEMENTS OF CHANGES IN EQUI
Page 42 and 43: CASH FLOW STATEMENTS FOR THE FINANC
Page 44 and 45: NOTES TO THE FINANCIAL STATEMENTS 3
Page 46 and 47: 3. SIGNIFICANT ACCOUNTING POLICIES
Page 52 and 53:
3. SIGNIFICANT ACCOUNTING POLICIES
Page 54 and 55:
Page 56 and 57:
Page 58 and 59:
4. CHANGES IN ACCOUNTING POLICIES (
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
5. CRITICAL ACCOUNTING JUDGEMENTS A
Page 66 and 67:
9. PROFIT/(LOSS) FROM OPERATIONS Th
Page 68 and 69:
11. OVER PROVISION FOR LOSS Pursuan
Page 70 and 71:
14. PROPERTY, PLANT AND EQUIPMENT F
Page 72 and 73:
14. PROPERTY, PLANT AND EQUIPMENT (
Page 74 and 75:
14. PROPERTY, PLANT AND EQUIPMENT (
Page 76 and 77:
18. INVESTMENT IN SUBSIDIARIES 74 C
Page 78 and 79:
18. INVESTMENT IN SUBSIDIARIES (con
Page 80 and 81:
18. INVESTMENT IN SUBSIDIARIES (con
Page 82 and 83:
19. INVESTMENT IN ASSOCIATES Group
Page 84 and 85:
20. OTHER INVESTMENTS Long Term Inv
Page 86 and 87:
21. TRADE AND OTHER RECEIVABLES Gro
Page 88 and 89:
22. DEFERRED TAXATION (continued) D
Page 90 and 91:
26. NON-CURRENT ASSETS CLASSIFIED A
Page 92 and 93:
29. PREFERENCE SHARES Megasteel iss
Page 94 and 95:
29. PREFERENCE SHARES (continued) T
Page 96 and 97:
30. BORROWINGS (continued) The weig
Page 98 and 99:
30. BORROWINGS (continued) (A) Synd
Page 100 and 101:
31. REDEEMABLE CONVERTIBLE SECURED
Page 102 and 103:
32. BONDS AND DEBTS Group Company 2
Page 104 and 105:
32. BONDS AND DEBTS (continued) (A)
Page 106 and 107:
33. DEFERRED LIABILITIES 104 Group
Page 108 and 109:
36. EMPLOYEE BENEFITS (a) Defined B
Page 110 and 111:
36. EMPLOYEE BENEFITS (continued) (
Page 112 and 113:
39. RELATED PARTY TRANSACTIONS Rela
Page 114 and 115:
40. SEGMENTAL ANALYSIS (continued)
Page 116 and 117:
40. SEGMENTAL ANALYSIS (continued)
Page 118 and 119:
42. FINANCIAL INSTRUMENTS Financial
Page 120 and 121:
42. FINANCIAL INSTRUMENTS (continue
Page 122 and 123:
INDEPENDENT AUDITORS’ REPORT TO T
Page 124 and 125:
LIST OF GROUP PROPERTIES AS AT 30 J
Page 126 and 127:
Thirty Largest Registered Sharehold
Page 128 and 129:
Thirty Largest Registered Warrant H
Page 130 and 131:
OTHER INFORMATION (I) MATERIAL CONT
Page 132 and 133:
(IV) STATUS OF CONDITIONS IMPOSED B
Page 134:
✄ FORM OF PROXY CDS ACCOUNT NUMBE
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