Asia Media Annual Report 2017

ASIA MEDIA GROUP BERHAD Annual Report 2017 7 Corporate Achievements and Diversification The Group has diversified into agricultural businesses, particularly in green field oil palm cultivation in Sarawak. The Group has also formed a Joint Venture Company with the Sarawak state Government agency Land Custody Development Authority (“Pelita”) for the said development. However, the Group has entered into a Share Sale Agreement with DPO Holdings PTE LTD on the 22nd Dec 2017 to dispose its interest in DPO Plantations Sdn Bhd. A 10 % deposit amounting to RM400,000 has been received and the transaction shall be completed in due course. The Group would like to concentrate its focus in DOOH media. Corporate Governance AMGB believes in adhering to the best practices of corporate governance to sustain business efficiency and sustainability in the long term. Evidence for this can be found in the fact that the Group has consistently upheld the integrity of business practices as a pivotal part of ensuring consistent growth in its core business. The Group’s measures towards this objective are highlighted in the Corporate Governance Statement in this Annual Report. Corporate Social Responsibility The Group believes that effective corporate responsibility can deliver benefits to its business and, in turn, to its shareholders by enhancing reputation and business trust, staff motivation and retention, customer loyalty and long-term shareholder value. Appreciation I would like to take this opportunity to thank everyone, especially the shareholders, investors, customers, business associates and the regulatory authorities, for their continuous support. I would also like to extend my gratitude to the staff, management and the Board members for their dedication and commitment to the Group. DATO’ WONG SHEE KAI Chief Executive Officer CHIEF EXECUTIVE OFFICER’S STATEMENT (cont’d)