Advance Information Marketing : READ HERE AGM Form EGM Form 2023 ANNUAL REPORT Read the full report on our corporate and financial performance for the year ended 2022.

ADVANCE INFORMATION MARKETING BERHAD

200401006266 (644769-D)

2023

ANNUAL REPORT

www.aim-net.com.my

Advance Information Marketing Berhad	Annual Report 2023
[200401006266 (644769-D)]

INSIDE THIS REPORT

Scan the QR Code to view full report online.

1. Corporate Information
2. Company's Profile
3. Corporate Structure
4. Five Years Financial Highlights
5. Directors' Profile

1. Profile of Key Senior Management
2. Management Discussion and Analysis

12 Corporate Sustainability Statement

16 Corporate Governance Overview Statement

1. Statement of Directors' Responsibility in relation to the Audited Financial Statements
2. Audit Committee Report

35 Statement on Risk Management and Internal Control

39 Additional Compliance Information

41 Financial Statements

1. List of Properties
2. Analysis of Shareholdings

127 Analysis of Warrants A Holdings

129 Notice of Twentieth Annual General Meeting

135 Administrative Guide for the 20th Annual General Meeting ("AGM")

Proxy Form

B

Annual Report 2023	Advance Information Marketing Berhad
[200401006266 (644769-D)]

CORPORATE INFORMATION

BOARD OF

DIRECTORS

DATO' IR. LIM SIANG CHAI

Non-IndependentNon-Executive

Chairman

MAK SIEW WEI

Executive Director

MEJAR DATO' ISMAIL BIN

AHMAD

Independent Non-Executive

Director

CHOONG MUN KIT

Independent Non-Executive

Director

KANG TEIK YIH

Independent Non-Executive

Director

ONG POH LIN ABDULLAH

Independent Non-Executive

Director

AUDIT COMMITTEE

Kang Teik Yih (Chairman)

Mejar Dato' Ismail Bin Ahmad

Ong Poh Lin Abdullah

NOMINATING COMMITTEE

Mejar Dato' Ismail Bin Ahmad (Chairman)

Choong Mun Kit

Ong Poh Lin Abdullah

REMUNERATION COMMITTEE

Choong Mun Kit (Chairman)

Mejar Dato' Ismail Bin Ahmad

Ong Poh Lin Abdullah

RISK MANAGEMENT COMMITTEE

Kang Teik Yih (Chairman)

Mak Siew Wei

Dato' Ir. Lim Siang Chai

COMPANY SECRETARY

Adeline Tang Koon Ling (LS0009611)

SSM PC No. 202008002271

Wong Yuet Chyn (MAICSA 7047163)

SSM PC No. 202008002451

WEBSITE

www.aim-net.com.my

REGISTERED OFFICE

1-10, Medan Perniagaan Pauh Jaya Jalan Baru

13700 Perai

Pulau Pinang

Tel No. : 04-390 8009

Fax No. : 04-390 8009

Email : [e-mail]

HEAD OFFICE

No. 18, Jalan Balam

51100 Kuala Lumpur

Tel No. : 03-4043 2699

Fax No. : 03-4043 2690

SHARE REGISTRAR

Workshire Share Registration Sdn Bhd A3-3-8 Solaris Dutamas

No. 1, Jalan Dutamas 1

50480 Kuala Lumpur

Wilayah Persekutuan

Tel No. : 03-6413 3271

Fax No. : 03-6413 3270

Email: [e-mail]

AUDITORS

Messrs. UHY (AF1411)

Suite 11.05, Level 11

The Gardens South Tower

Mid Valley City

Lingkaran Syed Putra

59200 Kuala Lumpur

Wilayah Persekutuan

Tel No. : 03-2279 3088

Fax No. : 03-2279 3099

PRINCIPAL BANKERS

Malayan Banking Berhad

CIMB Bank Berhad

RHB Bank Berhad

STOCK EXCHANGE LISTING

ACE Market of Bursa Malaysia Securities

Berhad

Stock Name : AIM

Stock Code : 0122

INVESTOR RELATIONS

Email : [e-mail]

Tel No. : 03-4043 2699

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Advance Information Marketing Berhad	Annual Report 2023
[200401006266 (644769-D)]

COMPANY'S PROFILE

ADVANCE INFORMATION MARKETING BERHAD ("AIM" OR "THE

COMPANY") IS A

PUBLIC LIMITED LIABILITY COMPANY INCORPORATED AND BASED IN MALAYSIA THAT HAS BEEN LISTED ON ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") SINCE YEAR 2006.

AIM is an investment holding company with the subsidiaries (collectively known as "the Group") is a diversified organisation, specialised in Business Process Outsourcing ("BPO") solution as its primary business activity. The Group offers a comprehensive range of loyalty management services, including consultation, technology infrastructure, technical support, procurement and logistics. These services are designed to assist clients in establishing and nurturing long-term relationships with their customers. Additionally, AIM has expanded its portfolio to include pharmacy retail business which was incorporated at the end of the prior year.

Business Process Outsourcing

As a BPO solution provider, we leverage our expertise across various industries. In today's highly competitive business environment, our accumulated knowledge and experience have evolved into invaluable business insights and robust marketing tools for our clients. Our holistic approach enables us to offer strategic direction and consultancy, guiding clients on how to effectively customise, implement and manage BPO programs to achieve their objectives. By outsourcing these functions, our clients can rely on our specialist expertise and remain focused on their core businesses.

On the technology front, we primarily focus on developing enterprise solutions for customers' loyalty marketing and management. Years of dedicated research and development have resulted in our sophisticated enterprise marketing management solution, Advance Information Marketing System ("AIMS"). AIMS is seamlessly integrated into our five service components namely Business Intelligence, Integrated Marketing Services, Contact Centre Management, Procurement & Fulfilment and Technology Infrastructure, equipping our clients with the necessary marketing tools and providing complete information and a better understanding of customer behaviour and responses to implement marketing initiatives.

Pharmacy retail business

As part of our commitment to diversification and strategic growth, AIM Group has successfully ventured into the pharmacy retail sector. Operating under the esteemed brand name "CONSTANT", our pharmacy business was incorporated at the end of the prior year, adding a new dimension to our comprehensive suite of services. Our pharmacy retail business aims to deliver accessible and high-quality healthcare products and services to the communities we serve. By blending pharmaceutical expertise with customer-centric practices, CONSTANT strives to become a trusted healthcare partner for individuals, families and corporate partners.

CONSTANT places a strong emphasis on providing personalised and professional healthcare solutions. Our experienced pharmacists and staff are dedicated to offer expert advice, ensuring that customers receive the best possible care. We understand the importance of health and well-being and are committed to contribute positively to the communities where we operate. In addition to traditional pharmacy services, CONSTANT integrates innovative offerings to enhance the customer experience. These includes convenient online prescription refills, health screenings, and wellness programs aimed at promoting a proactive approach to healthcare.

CONSTANT boasts a diverse range of pharmaceutical and wellness products, catering to a wide spectrum of health needs. From prescription medications to over-the-counter remedies and a variety of health and beauty products, our pharmacy is a one-stop destination for all health-related requirements. We carefully curate our product selection to align with the highest standards of quality and efficacy.

New business

On 21 March 2023, the Group had incorporated a new subsidiary, namely Idodo (M) Sdn Bhd ("IDODO") holding 60% interest, to venture into Insurance Agency industry. As of the financial year ended 2023, the company had yet to commence business.

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Annual Report 2023	Advance Information Marketing Berhad
[200401006266 (644769-D)]

CORPORATE STRUCTURE

PT CLS System

1

0

0%

Angkara Setia
Development		%	0
Sdn Bhd
		0	1
		0
	1	0
		%

Advance

Medipharm

Solutions

Sdn Bhd

A

D

V

A

N

C

E

I

N

FOR

1
0
	0
	%

M

AT

I

O

N

							D
							A
							H
					B	E	R
				G
			IN
			T
			E
		K
	R
A
M

	%
0
6

Advanced Supply	Idodo (M)
Chain Solutions
Sdn Bhd
Sdn Bhd

Corfu	MyPolicy	Global Policy	Creo Service
Management
Sdn Bhd	Management	Management
Sdn Bhd
			Sdn Bhd	Sdn Bhd
			100%
100%
100%	100%

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Advance Information Marketing Berhad	Annual Report 2023
[200401006266 (644769-D)]

FIVE YEARS FINANCIAL HIGHLIGHTS

Financial Summary (RM'000)	2023	2022	2021	2020	2019
Revenue	3,529	3,438	7,752	10,851	4,944
Loss Before Tax	(4,747)	(4,434)	(5,187)	(3,821)	(4,098)
Loss Attributable to Shareholders	(4,730)	(4,443)	(5,162)	(3,795)	(4,083)
Paid up Capital	53,511	28,052	28,052	28,052	28,052
Shareholders' Equity	29,864	8,705	12,527	19,567	19,918
Total Assets	40,633	11,396	15,740	22,316	22,508
Per Share
Loss Per Share (Sen) (1)	(4.75)	(5.01)	(5.82)	(4.28)	(4.60)
Net Assets Per Share (Sen) (1)	7.65	9.82	14.13	22.06	22.46

1. The Loss Per Share and Net Assets Per Share for FYE 31 December 2019, FYE 31 December 2020, FYE 31 December 2021 and FYE 31 December 2022 have been restated to reflect the retrospective adjustment arising from consolidation of shares which was completed on 20 March 2023.

5 YEARS REVENUE CHART

(RM'000)

12,000

10,000

8,000

6,000

4,000

2,000

0

10,851

7,752

4,944

3,529 3,438

2023

2022

2021

2020

2019

Year Ended 31 December

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Annual Report 2023	Advance Information Marketing Berhad
[200401006266 (644769-D)]

DIRECTORS' PROFILE

DATO' IR.

LIM SIANG CHAI

Non-Independent

Non-Executive Chairman

• Member of Risk Management Committee

69 YEARS OF AGE | MALAYSIAN | MALE

Dato' Ir. Lim was appointed on 29 May 2015 as an Independent Non-Executive Chairman and was re-designated as an Executive Chairman and Managing Director on 31 July 2015. Subsequently, he was re-designated as a Non- Independent Non-Executive Chairman on 4 October 2017. On 26 March 2021, he has been re-designated as an Executive Chairman of the Company, and subsequently re-designated as an Independent Non-Executive Chairman on 18 October 2021. On 22 July 2022, he was re-designated as a Non-IndependentNon-Executive Chairman.

Dato' Ir. Lim is a Chartered Engineer (C. Eng) registered with the Engineering Council, United Kingdom and Professional Engineer (P. Eng) registered with the Board of Engineers, Malaysia. He is a member of the Institution of Engineers Malaysia (MIEM) and Institute of Engineering and Technology of United Kingdom (MIET). Dato' Ir. Lim also holds a Master in Business Administration from Deakin University, Australia. He is an Honorary Fellow of the ASEAN Federation of Engineering Organisation and a member of the Malaysia Institute of Management (MIM). He had also undergone many technical and management training in Japan.

Dato' Ir. Lim had also served the Malaysian Government in various capacities as follows:

2010-2013 Deputy Minister of Finance

2006-2008 Deputy Minister of Tourism

2003-2006 Deputy Minister of Information

1999-2003 Parliamentary Secretary, Ministry of Transport

1995-2008 Member of Parliament (Petaling Jaya South)

Dato' Ir. Lim is actively involved in various non-governmental organisations and has held various key positions such as an Adviser to the Federation of Malaysia Chinese Clans and Guilds Youth Association, Lim Clan Association of Malaysia, Gerakan Belia Bersatu Malaysia, Business and Commerce Association of Petaling District, Association of Hawkers and Small Traders of Petaling Jaya.

Dato' Ir. Lim currently is also the Executive Director of Jiankun International Berhad.

MAK SIEW WEI

Executive Director

• Member of Risk Management Committee

49 YEARS OF AGE | MALAYSIAN | MALE

Mr Mak was appointed as an Independent Non-Executive Director on 27 July 2010 and he was re-designated as an Executive Director on 22 September 2010. Subsequently, he was re-designated as a Non-Independent Non- Executive Director on 13 January 2021. He retired upon the conclusion of the 17th Annual General Meeting of the Company on 27 May 2021 and was subsequently reappointed as an Executive Director of the Company on 8 October 2021.

Mr Mak graduated from University of Nebraska-Lincoln, United States with a Bachelor's Degree in Management Information System. He started his career as a business development manager for Marvic International (NY) Ltd for three years, where he was mainly responsible for expanding the client base of the company.

Mr Mak currently is also the Executive Director of AT Systematization Berhad, Pasukhas Group Berhad, AE Multi Holdings Berhad and Trive Property Group Berhad.

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Advance Information Marketing Berhad	Annual Report 2023
[200401006266 (644769-D)]

DIRECTORS' PROFILE

MEJAR DATO' ISMAIL

BIN AHMAD

Independent

Non-Executive Director

• Chairman of Nominating Committee
• Member of Audit Committee
• Member of Remuneration Committee

75 YEARS OF AGE | MALAYSIAN | MALE

Mejar Dato' Ismail was appointed as an Independent Non-Executive Director on 8 October 2021.

Mejar Dato' Ismail had served in the Malaysian Army for 17 years and attended courses both local and overseas.

In 1963, Mejar Dato' Ismail joined Perwira Niaga Malaysia (Pernama), a wholly-owned subsidiary of Lembaga Tabung Angkatan Tentera, a wholesale and international trading company. His last position in Pernama was Deputy General Manager before he left in 1999. He was the Chief Executive Officer of Odasaja Sdn Bhd in its formative years and later became the Group Executive Director of the same. He left Odasaja Sdn Bhd in December 2002. Since then, he has been actively contributing his knowledge and experience to various companies involved in general trading, building and construction including defense and security projects.

Mejar Dato' Ismail currently is also the Non-IndependentNon-Executive Director in MLabs Systems Berhad and Independent Non-Executive Chairman in Pasukhas Group Berhad.

CHOONG MUN KIT

Independent

Non-Executive Director

• Chairman of Remuneration Committee
• Member of Nominating Committee

49 YEARS OF AGE | MALAYSIAN | MALE

Mr Choong was appointed as an Independent Non- Executive Director on 8 October 2021.

Mr Choong is an established Regional Manager in the Asia Pacific region with over 20 years' experience in many multinationals across the Information and Communication Technology (lCT) industry in various regional roles which include business development, branding, operations and financial accounting as well as managing in-country profit and loss and cash flow. He has developed expertise, market knowledge, passion and agility to excel in regional business development role in ASEAN, Japan and Korea region.

Currently, Mr Choong is with AXELOS Global Best Practice UK, as the Regional Brand Manager Asia Pacific overseeing the Asia Pacific region promoting market activities and demand creation on skilling certification products in ITIL4, PRINCE2, PRINCE2Agile, AglieSHIFT, MSP, MoP, MoR, MoV, P3O as part of AXELOS ProPath learning journey; AXELOS Academia/University/Microcredential market segment on upskilling/reskilling of young professionals; as well as AXELOS Consulting Partner (ACP) and P3M3/ ITIL Maturity Model Assessment Consultancy Tool.

Mr Choong does not hold directorship in any other public companies and listed issuers.

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Annual Report 2023	Advance Information Marketing Berhad
[200401006266 (644769-D)]

DIRECTORS' PROFILE

KANG TEIK YIH

Independent

Non-Executive Director

• Chairman of Audit Committee
• Chairman of Risk Management Committee

49 YEARS OF AGE | MALAYSIAN | MALE

Mr Kang was appointed as an Independent Non-Executive Director on 8 October 2021.

Mr Kang pursued his education at Royal Melbourne Institute of Technology in Australia and graduated with a degree from Royal Melbourne Institute of Technology, Melbourne, Australia majoring in Accountancy. He is a qualified professional Chartered Accountant, who is a member of both the Malaysian Institute of Accountants (MIA) as well as CPA Australia.

Mr Kang has more than 20 years of rich and varied experiences in Accounting, Auditing, Taxation, Company Secretarial, Financial Budgeting as well as Management Consulting across different industries and disciplines. He has assisted in the merger and acquisition process of a multi-million corporation and helped his clients on tax savings and business growth. Currently he is the founding Managing Partner of his management consulting, accounting and company secretarial practice. In addition, he maintains his active participation in his other business endeavours such as outsourcing consultant and a franchised restaurant.

Mr Kang currently is also the Independent Non-Executive Director of Trive Property Group Berhad, Green Ocean Corporation Berhad and D'nonce Technology Bhd.

ONG POH LIN ABDULLAH

Independent

Non-Executive Director

• Member of Audit Committee
• Member of Nominating Committee
• Member of Remuneration Committee

37 YEARS OF AGE | MALAYSIAN | FEMALE

Madam Ong was appointed as an Independent Non- Executive Director on 17 October 2022.

Madam Ong graduated from Universiti Tunku Abdul Rahman ("UTAR") in 2011 with a Bachelor Degree of Engineering (Hons) Biomedical.

Madam Ong started her career working in UTAR as research assistant in 2011. Subsequently, she joined IBG Manufacturing Sdn Bhd as Laboratory Consultant in 2014 and left in 2016. Currently, she is a Senior Admin Manager in Seakyin Holdings (M) Sdn Bhd, who responsible in managing and administrating the processing of invoices, organising and updating internal records accurately and timely as well as training and monitoring new teammates.

Madam Ong currently is also the Independent Non- Executive Director of AE Multi Holdings Berhad, Saudee Group Berhad, AT Systematization Berhad and D'nonce Technology Bhd.

Notes:

1. None of the Directors has any family relationship with any director and/or major shareholder of the Company.
2. None of the Directors has any conflict of interest or potential conflict of interest, including interest in any competing business with the Company or its subsidiaries.
3. None of the Directors has been convicted of any offence (other than traffic offences) within the past five (5) years and has not been imposed with any public sanction or penalty by the relevant regulatory bodies during the financial year ended 31 December 2023.

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Advance Information Marketing Berhad	Annual Report 2023
[200401006266 (644769-D)]

PROFILE OF KEY SENIOR MANGEMENT

YEOH SIOK CHEN

63 YEARS OF AGE | MALAYSIAN | MALE

Chief Executive Officer

Mr Yeoh was appointed as the Chief Executive Officer of the Group on 1 March 2020.

Mr Yeoh graduated from the University Malaya with a Bachelor Degree in Arts (Economics) in 1985 and he is a member of Malaysian Institute of Accountants (MIA). He has a career spanning over more than 30 years with diversified range of experiences covering consultancy, infrastructure, transportation, oil and gas, forest plantation, manufacturing, innovative technologies and mixed property development.

Mr Yeoh does not have any interest in the securities of the Company and the Group.

SEE HUI FANG

30 YEARS OF AGE | MALAYSIAN | FEMALE

Financial Controller

Ms See joined the Company in August 2021 as the Finance Manager and was promoted to Financial Controller in January 2023.

Ms See pursued her education in University Tunku Abdul Rahman (UTAR) and graduated a degree in Bachelor of Commerce (Hons) Accounting. She is also a member of Malaysian Institute of Accountants (MIA) and Malaysian Institute of Certified Public Accountants (MICPA).

She started her career as an external auditor in Deloitte PLT in August 2016 and has experience in various industries such as construction and property development, trading and distributions, manufacturing, pail oil industry, etc. During her service in Deloitte PLT, she was also involved in clients' Initial Public Offering (IPO) exercises.

IVAN YAP

36 YEARS OF AGE | INDONESIAN | MALE

Director of PT CLS System

Mr Ivan was appointed as General Manager of PT CLS System, a wholly-owned Indonesian subsidiary of the Company on 6 July 2022 and subsequently appointed as a Director of PT CLS System on 1 July 2023.

Mr Ivan holds double major in Bachelor of Information Technology, majoring in Computer Science & Software Development and Multimedia Technology from Deakin University, Melbourne.

After graduated, Ivan stayed in Australia and began his first career as Bureau Operator in LitSupport, Melbourne. Subsequently, he joined Nestle Peter's Ice Cream Melbourne as National Order Management Specialist. Before joining PT CLS System, he was the Senior Representative of Australia Market Development of Borden Company Singapore. He has experience in business operations in Information Technology and Services Industry.

Notes:

ANTHONIUS

48 YEARS OF AGE | INDONESIAN | MALE

IT Manager

Mr Anthonius was appointed as IT Manager of the Company since 2011.

He holds Bachelor Degree in Electronic Engineering at Atma Jaya University Jakarta. He has work experience for more than 20 years in IT field and has been working at AIM for 20 years. He began his career as programmer in one of the credit card terminal provider at Jakarta and was then recruited by the Company's subsidiary to work as system specialist which provides services in system infrastructure, system analyst and system optimisation.

1. None of the Key Senior Management has any directorship in public companies and listed issuers.
2. None of the Key Senior Management has any family relationship with any director and/or major shareholder of the Company.
3. None of the Key Senior Management has any conflict of interest or potential conflict of interest, including interest in any competing business with the Company or its subsidiaries.
4. None of the Key Senior Management has been convicted of any offence (other than traffic offences) within the past five (5) years and has not been imposed with any public sanction or penalty by the relevant regulatory bodies during the financial year ended 31 December 2023.

8