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I-Berhad (7029-H) - Bursa Malaysia

I-Berhad (7029-H) - Bursa Malaysia

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14<br />

Chairman’s Statement ... cont’d<br />

The above proposals will increase the share capital base of the Company to a level which will better reflect<br />

the Company’s current scale of operations and at the same time will reward our shareholders for their<br />

continuous support to the Group.<br />

The Company has also proposed an Executive Share Option Scheme of up to ten percent (10%) of the issued<br />

and paid-up share capital of the Company. The proposed scheme is intended to recognise and reward the<br />

contribution of eligible executives whose services are valued and considered vital to the operations and<br />

continued growth of the Company.<br />

Our medium to long term vision is to turn I-<strong>Berhad</strong> into a high tech company producing high tech products<br />

remains intact. Opportunities are now presenting themselves to enable the Company to move into the<br />

IT sector.<br />

Plans are afoot for the Company to venture into the manufacture of computers and peripherals as the<br />

first step towards achieving the Company’s objective to eventually make products for the Home of<br />

the Future.<br />

I am very grateful that all shareholders have stayed with the Company and given your continued support<br />

during the difficult times the Company went through. Today, the Management has given the Company a new<br />

lease of life that will eventually add value to your investment.<br />

I am confident that the Company, will achieve greater heights in profitability, and is poised to grow even<br />

stronger in the years ahead.<br />

The Board is pleased to recommend a final tax exempt dividend of 1%, subject to the approval of the<br />

Ministry of Finance.<br />

I would like to thank the Management and staff for their dedication, support and hard work; and also wish<br />

to express my appreciation to the shareholders, customers, business associates and bankers for their<br />

continued support.<br />

Lim Kim Hong<br />

Chairman<br />

Dated: 20 March, 2000

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