Dear share owners,

Re: Invitation to 13th Annual General Meeting of Berhad


Our AGM this year will be held on Saturday, 9th September 2017 at the Renaissance Kuala Lumpur Hotel.

This year's AGM will follow a format slightly different from that of recent years as it will be held separately from the Investor Day. In the past, the Q&A session of the AGM had to be cut short to make way for the Investor Day. We are extending the Q&A session of this year’s AGM to allow more time for share owners to engage and interact with myself.

I told the share owners who attended your Fund’s initial public offering roadshows that ‘we succeed only when you succeed’. Many of them still remember what I said till today. It is this attitude of partnership that makes your Fund successful. The attendance at our AGM has been increasing every year since our first AGM in 2006. Your Fund now has more than 3,600 share owners and is committed to attract more like-minded share owners who are long-term value investors.

We do not follow the common practice of most other listed companies in meeting one-on-one with large institutional investors and leaving out the individual share owners. There is nothing more important to us than the share owners of limited means who have trusted us with their hard-earned savings. Hence, it has been our tradition to hold our AGMs on Saturdays for your convenience, unless you decide otherwise.

Below is the program for Saturday, 9th September 2017:

Light snacks will be available from 7.30 am and lunch will be served at 12 pm. There will be a short break at 3 pm.

You are entitled to bring one guest to the AGM. Guest registration can be done in advance via our online portal, email or fax. Please refer to the enclosed Guest Registration Form for more information.

As usual, I will be updating you on the performance of your Fund and its investment portfolio. Besides sharing my views on investing, like in the previous AGM, I will also share key issues facing the Malaysian economy. In the past, we looked at the impact of 3D printing, robotics, Internet of Things, and clean disruption. This year, my focus will be on the education system in Malaysia and how future trends like artificial intelligence will impact us. Do participate in the AGM in person and make it a productive affair.

Apart from that, a Q&A session will be held where I will answer questions related to a wide array of subjects, ranging from value investing to global economy to history to philosophy and more, except questions relating to specific stocks. The Q&A session aims to be free flowing, interactive and informative with the purpose of making you and your guest better investors.

In order to have an efficient Q&A session, you are encouraged to email your questions with your full name to not later than 9.00am on Saturday, 2nd September 2017.

Enclosed with this letter are the following items:

  1. 2017 Annual Report of Berhad
  2. Appendix I accompanying the 2017 Annual Report of Berhad
  3. FAQ relating to the 13th AGM
  4. Guest Registration Form for admission to the 13th AGM.

Join us at our AGM and let us know how you like the new format. For the newer share owners, we hope that you can have a better understanding of your Fund and our investing philosophy after attending the AGM. I look forward to seeing all of you.

Best wishes.

Tan Teng Boo

Designated Person Berhad

18th Aug 2017