For Immediate Release

LBS Bina Group 2022 Town Hall Meeting

Two-Day ‘Hybrid’ Event Setting Amid New Norm

Petaling Jaya, 24 January 2022 – LBS Bina Group Berhad (LBS) welcomes the return of the annual town hall meeting implemented in both virtual and physical settings. Fully aware that the pandemic is far from over, the meeting was extended into a two-day event to better regulate the SOPs. What remained the same is the objectives of the event, establishment the bonds of all LBS staff, acknowledging the efforts made throughout 2021 and how the organization can grow even sturdier moving forward.

‘‘The new norm is no longer new, with more variants emerging and more vaccines being administered to combat the virus, we should also remember to never let our guards down and have history repeat itself. To be able to gather everyone here today is no coincidence, it’s the joint effort of everyone seated here today. For the year 2022, I am cautiously optimistic that LBS will set new benchmarks and offer an even wider range of products and services to the market.’’ said Tan Sri Lim Hock San, Executive Chairman of LBS.

The meeting started with the welcoming remarks from the Group Managing Director and Chief Executive Officer, Datuk Wira Joey Lim followed by the 2021 company’s performance review presented by Tan Sri Lim Hock San. In line with the company’s goal to adapt digitalization in its operation, LBS Deputy Chief Executive Officer, Lucas Lim provided an in-depth brief on the company’s Digital Transformation Roadmap initiatives and future digitalization plans. LBS’ key attributes, introduced by Dato’ Cynthia Lim, Executive Director, namely swift action and interdependence, has been making positive impacts to the organization since its introduction in 2021.   To further grow the key attributes, Ms Shany Lim, the founder of the Heroes of Change, introduced the initiatives, its major objectives and its respective agents represented by employees from all departments. The focal role of the agents will be actively integrated into LBS’ working culture.

The town hall meeting remains to be the company’s official communication platform for both the management and employees to share the company performance updates and forecast. Approximately 955, including both physical and virtual attendees from LBS Bina Group Berhad including Board of Directors, Independent Directors and employees from its subsidiaries, MGB Berhad, M3 Mall, SCAPES Hotel and Zhuhai International Circuit Limited (ZIC) attended the Town Hall Meeting.

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For Immediate Release

LBS INCREASES FEMALE DIRECTORS ON BOARD

Female board representation increases to 25%

Petaling Jaya, 14 January 2022 – LBS Bina Group Berhad (“LBS” or the “Group”) today announced the appointment of Dato’ Yong Lei Choo (“Dato’ Yong”) as its new independent non-executive director, member of LBS’ Remuneration Committee and Risk Management Committee, effective 14 January 2022. She will replace Datuk Lim Tong Lee who will retire from the LBS board.

With Dato’ Yong’s appointment, LBS will have 2 female directors on its board, which translates to a 25% female composition. The higher female composition allows for increased diversity as LBS supports the push for greater women representation in boardrooms. To add on, it is part of LBS’ increasing focus on ESG as it creates a company guided by a robust corporate governance framework.

Commenting on the appointment, LBS Executive Chairman Tan Sri Lim Hock San said, “LBS values diversity and experience. We have already met the mandatory requirement for female board representation in the form of Dato’ Lim Mooi Pang who has been on the LBS board since 2009. We are indeed pleased to have Dato’ Yong Lei Choo, a veteran of the Royal Malaysian Police Force, onboard. With her experience and background, I am confident Dato’ Yong will do a tremendous job in her new role, providing us with sound advice and unique viewpoint as management works to steer LBS forward. We hope our shareholders recognise our efforts in providing appropriate corporate governance oversight in LBS as we advocate for gender diversity and equality in our board.”

In addition, the Group announced the re-designation of current Managing Director, Datuk Wira Lim Hock Guan to Group Managing Director/Chief Executive Officer as well as the resignation of Dato’ Sri Lim Hock Seong and Lim Kim Kiat as Executive Directors of LBS and their subsequent appointments as Deputy Chief Executive Officers of LBS. The resignations will streamline LBS’ board towards an equal representation of 4 executive directors and 4 independent non-executive directors, as compared to a 6:4 ratio previously. This is part of LBS’ step towards implementing a stronger and more active corporate governance structure within the Group.

About Dato’ Yong Lei Choo

Dato’ Yong holds a Bachelor of Arts (Hons) (Population Studies) from University of Malaya and a Master of Science (Human Resource Development) from Western Carolina University, North Carolina, USA.

Dato’ Yong, who hails from Jasin, took up her first position in the Royal Malaysian Police Force with the Taiping district police in Perak following completion of her cadetship in 1986. She had a distinguished career in the police force for nearly 36 years before retiring in October 2021 as the Deputy Chief Police Officer of Kuala Lumpur. Notable achievements while with the police force include being the first female Head of Special Branch in the Petaling Jaya Police District (1998); first Chinese woman with the rank of Senior Assistant Commissioner (2009); first female Special Branch Chief of Penang Police Contingent (2015) and the first female Assistant Principal Director of the Special Branch (Economic Intelligence Division). Her outstanding performance garnered her a federal scholarship from the Public Service Department to pursue her Master’s Degree in North Carolina, USA (1995-1997). In 2009, she was conferred the Darjah Indera Mahkota Pahang by the Sultan of Pahang.

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