Wellcall : Annual Report Year 2022

Corporate Information 02

Corporate Structure 04

Six Years Group Financial Review 05

Awards 07

Management Discussion and Analysis 08

Directors' Profile 12

Key Senior Management Profile 23

Corporate Governance Overview Statement 24

Statement on Risk Management and Internal Control 48

Audit Committee Report 52

Table of ContentS

Sustainability Statement 59

Additional Compliance Information 74

Statement of Directors' Responsibility 78

Financial Statements 80

List of Properties Owned by the Group 148

Analysis of Shareholdings 149

Notice of Annual General Meeting 153

Statement Accompanying the Notice of the

Seventeenth Annual General Meeting 162

Form of Proxy

2 WELLCALL HOLDINGS BERHAD

CORPORATE

INFORMATION

BOARD OF DIRECTORS

Group Non-IndependentNon-Executive Chairman	Datuk Ng Peng Hong @ Ng Peng Hay
	(redesignated w.e.f 3/10/2022)
Group Non-Independent Managing Director	Huang Sha
Non-Independent Executive Directors	Leong Hon Chong (resigned w.e.f 3/10/2022)
	Huang Yu Fen
Alternate Director to Huang Sha	Huang Kai Lin
	(cessation as the Alternate Director to Leong Hon Chong
	and appointed as Alternate Director to Huang Sha w.e.f
	3/10/2022)
Alternate Director to Tan Kang Seng	Chua Yi Rong, Edmund (Cai YiRong, Edmund)
	(appointed w.e.f 10/1/2023)
	Tan Kang Foon
	(appointed w.e.f 3/10/2022 and demised on 19/12/2022)
Non-IndependentNon-Executive Directors	Tan Kang Seng
Senior Independent Non-Executive Director	Datuk Yong Peng Tak
Independent Non-Executive Directors	Goh Hoon Leum
	Chin Yoke Wah (appointed w.e.f 22/8/2022)
	Puan Azian Binti Mohd Yusof (appointed w.e.f 22/8/2022)
	Yang Chong Yaw, Alan (resigned w.e.f 22/8/2022)
	Dato' Haji Mohtar Bin Nong (resigned w.e.f 22/8/2022)

REMUNERATION COMMITTEE

Chairman

Goh Hoon Leum

Members

Tan Kang Seng (appointed w.e.f 3/10/2022) Tan Kang Foon (cessation w.e.f 3/10/2022) Chin Yoke Wah (appointed w.e.f 22/8/2022)

Yang Chong Yaw, Alan (resigned w.e.f 22/8/2022)

AUDIT COMMITTEE

Chairman

Goh Hoon Leum

Members

Datuk Yong Peng Tak

Tan Kang Seng

Chin Yoke Wah (appointed w.e.f 22/8/2022)

Yang Chong Yaw, Alan (resigned w.e.f 22/8/2022)

NOMINATION COMMITTEE

Chairman

Datuk Yong Peng Tak

Members

Goh Hoon Leum

Puan Azian Binti Mohd Yusof (appointed w.e.f 22/8/2022) Yang Chong Yaw, Alan (resigned w.e.f 22/8/2022)

CORPORATE DISCLOSURE COMMITTEE

Chairman

Huang Kai Lin

Members

Leong Hon Chong

Yu Tat Keong

ANNUAL REPORT 2022

RISK MANAGEMENT COMMITTEE

Chairman

Huang Kai Lin

Members

Yu Tat Keong

Tan Bee Leng

Foo Lai Bee

Yap Hong Ming

Yeong Yoke Wei

Yee Yiing Fern

Beh Boon Aik (appointed w.e.f 15/9/2022)

Mazlan Bin Muhamad Yusof (resigned w.e.f 1/2/2022) Chee Chin Shian (resigned w.e.f 31/3/2022)

Yip Kok Kit (resigned w.e.f 15/9/2022)

SUSTAINABILITY COMMITTEE

Chairman

Huang Kai Lin

Members

Yu Tat Keong

Huang Yu Fen

Chong Phooi Fun

Yee Yiing Fern

Su Mee Ping

Lee Kah Yin

Beh Boon Aik (appointed w.e.f 15/9/2022) Chee Chin Shian (resigned w.e.f 31/3/2022) Yip Kok Kit (resigned w.e.f 15/9/2022)

Jacqueline Chong Kar Xin (resigned w.e.f 2/10/2022)

COMPANY SECRETARIES

Teo Soon Mei

(SSM PC 201908000235) (MAICSA 7018590)

Chua Siew Yin (resigned w.e.f 27/5/2022) (SSM PC 201908000289)

(MAICSA 7065531)

Lim Jia Huey (appointed w.e.f 27/5/2022) (SSM PC 201908000929)

(MAICSA 7073258)

Tee Wan Ting (appointed w.e.f. 29/11/2022) (SSM PC 202208000388)

(MAICSA 7077906)

WELLCALL HOLDINGS BERHAD

3

CORPORATE INFORMATION

(cont'd)

PRINCIPAL PLACE OF BUSINESS

Plot 48, Jalan Johan 2/5,

Kawasan Perindustrian Pengkalan II,

Fasa II,

31550 Pusing,

Perak Darul Ridzuan.

Tel	:	05-366 8805 / 06 / 07
Fax	:	05-366 8768
E-mail	:	[e-mail]
Website	:	www.wellcallholdings.com

REGISTERED OFFICE

No. 7-1, Jalan 109F

Plaza Danau 2,

Taman Danau Desa,

Kuala Lumpur,

58100 Wilayah Persekutuan.

Tel	:	03-7982 2010
Fax	:	03-7980 1242

AUDITORS

Ecovis Malaysia PLT

Chartered Accountants

No 9-3, Jalan 109F,

Plaza Danau 2, Taman Danau Desa,

58100 Kuala Lumpur.

Tel	: 03-7981 1799

REGISTRAR

One Capital Market Services Sdn. Bhd.

Level 18, Plaza VADS,

No. 1, Jalan Tun Mohd. Fuad,

Taman Tun Dr. Ismail,

60000 Kuala Lumpur.

Tel	:	03-7735 5770
Fax	:	03-7732 7997

PRINCIPAL BANKERS

Malayan Banking Berhad

HSBC Bank Malaysia Berhad

STOCK EXCHANGE LISTING

Main Market

Bursa Malaysia Securities Berhad

Stock Name	:	Wellcal
Stock Code	:	7231
Sector	:	Industrial Products

ANNUAL REPORT 2022

4 WELLCALL HOLDINGS BERHAD

corpOrate Structure

WELLCALL HOLDINGS BERHAD

[Registration No. 200501025213 (707346-W)]

WELLCALL HOSE (M) SDN. BHD.

[Registration No. 199501014529 (343730-A)]

100%

Wholly owned subsidiary

Principal Activities

Manufacturing of rubber hose and related products, property investment and other related activities

TRELLEBORG WELLCALL SDN. BHD.

[Registration No. 201901009745 (1319073-X)]

49%

owned associate

Principal Activities

Manufacturing, marketing and sale of composite hose and fittings

ANNUAL REPORT 2022