196301000446 (5286-U)
Annual Report 2025
CONTENTS
2 Notice of Annual General Meeting
7 Dividend Announcement
8 Statement on Proposed Renewal of Authority to Purchase its Own Stocks
16 Corporate Information
51 Financial Calendar
52 Corporate Governance Overview Statement
65 Other Information and Disclosure
67 Audit Committee Report
17 Profile of Directors/
Key Senior Management
23 Name of Subsidiaries, Associates and Joint Venture
25 Group Structure
26 Chairman's Statement
28 Management Discussion and Analysis
49 Five-Year Group Financial Summary
50 Financial Highlights of the Group
72 Statement on Risk Management and Internal Control
79 Sustainability Statement
82 Financial Statements for the Year Ended 31 December 2025
232 Disclosure of Financial Data for Shariah Screening
235 Ten Largest Properties of the Group as at 31 December 2025
237 Stockholding Statistics
Form of Proxy Administrative Guide Request Form
NOTICE OF ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN that the Sixty-Fourth Annual General Meeting ("64th AGM") of stockholders of Oriental Holdings Berhad ("OHB" or "the Company") will be held at Sri Mas Ballroom, Level 4, Bayview Hotel Georgetown Penang, 25A Farquhar Street, 10200 George Town, Penang, Malaysia on Thursday, 11 June 2026 at 2:30 p.m., for the purpose of considering and if thought fit, passing with or without modifications the resolutions set out in this notice.
As Ordinary Business
To receive the Audited Financial Statements for the financial year ended 31 December 2025 together with the Directors' Report and Auditors' Report thereon.
To declare a Final Single Tier Dividend of 20 sen per ordinary stock for the financial year ended 31 December 2025.
To re-elect the following Directors who retire pursuant to Clause 103 of the Company's Constitution:
Mr. Lee Kean Teong
Dato' Md Radzaif Bin Mohamed
Dato' Ong Eng Bin who also retires by rotation in accordance with Clause 103 of the Company's Constitution, has expressed his intention not to seek re-election at this Annual General Meeting ("AGM"). Hence, he will retain office until close of business on 11 June 2026, following the conclusion of the 64th AGM.
To approve Directors' fees and benefits up to an aggregate amount of RM3.0 million payable to the Directors from one day after this AGM to the next AGM of the Company in 2027.
To re-appoint KPMG PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
Ordinary Resolution 1
Ordinary Resolution 2
Ordinary Resolution 3 Refer Explanatory Note 1 on Ordinary Business
Ordinary Resolution 4
Ordinary Resolution 5
As Special Business
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature
"THAT, pursuant to Chapter 10.09 of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad, a general mandate of the Stockholders be and is hereby granted to the Company and/or its subsidiaries to enter into the recurrent arrangements or transactions of a revenue or trading nature, as set out in the Company's Circular to Stockholders dated 30 April 2026 ("the Circular") with any person who is a related party as described in the Circular, provided that such transactions are undertaken in the ordinary course of business, on an arm's length basis, and on normal commercial terms, or on terms not more favourable to the Related Party than those generally available to the public and are not, in the Company's opinion, detrimental to the minority stockholders; and that disclosure will be made in the annual report of the aggregate value of transactions conducted during the financial year.
AND THAT, such approval, shall continue to be in force until:
the conclusion of the next AGM of the Company following the general meeting at which authorisation is obtained, at which time it shall lapse, unless by ordinary resolution passed at the meeting, that authority is renewed either unconditionally or subject to conditions; or
the expiration of the period within which the next AGM after the date it is required to be held pursuant to Section 340(2) of the Companies Act 2016 ("Act") (but shall not extend to such extension as may be allowed pursuant to Section 340(4) of the Act); or
revoked or varied by resolution passed by the Shareholders of the Company in a general meeting, whichever is earlier.
FURTHER THAT the Directors of the Company be and are hereby authorised to do all acts, deeds, things and execute all necessary documents as they may consider necessary or expedient in the best interests of the Company with full powers to assent to any conditions, variations, modifications and/or amendments in any manner as may be required or permitted under relevant authorities to give full effect to the Proposed Shareholders' Mandate."
Ordinary Resolution 6
NOTICE OF ANNUAL GENERAL MEETING
As Special Business (Cont'd)
Proposed Renewal of Authority to Buy-Back its Own Stocks
"THAT, subject to compliance with Section 127 of the Companies Act 2016 (as may be amended, modified or re-enacted from time to time) and any prevailing laws, rules, regulations, orders, guidelines and requirements issued by any relevant authorities, approval be and is hereby given to the Company to utilise up to RM1.1 billion which represents the audited retained profits reserve of the Company as at 31 December 2025, otherwise available for dividend for the time being, to purchase on Bursa Malaysia Securities Berhad its own stocks up to 62,039,363 ordinary stocks representing 10% of the total number of issued stocks of the Company of 620,393,638 ordinary stocks as at 2 April 2026 (including 1,616,508 Stocks retained as Treasury Stocks).
AND THAT, upon completion of the purchase(s) of the Stocks by the Company, the Stocks shall be dealt with in the following manner:
to cancel the Stocks so purchased; or
to retain the Stocks so purchased as Treasury Stocks for distribution as dividends to the stockholders and/or resell on the market of Bursa Malaysia Securities Berhad; or
to retain part of the Stocks so purchased as Treasury Stocks and cancel the remainder; or
in such manner as Bursa Malaysia Securities Berhad and such other relevant authorities may allow from time to time.
AND THAT, such authority from the stockholders would be effective immediately upon the passing of this Ordinary Resolution and will continue in force until:
the conclusion of the next AGM of the Company, unless by ordinary resolution passed at the meeting, the authority is renewed, either unconditionally or subject to conditions;
the expiry of the period within which the next AGM is required by law to be held (unless earlier revoked or varied by Ordinary Resolution in a general meeting of stockholders of the Company) but not so as to prejudice the completion of a purchase by the Company or any person before the aforesaid expiry date, in any event, in accordance with the provisions of the guidelines issued by Bursa Malaysia Securities Berhad or any other relevant authorities;
FURTHER THAT authority be and is hereby given to the Directors of the Company to take all such steps as are necessary or expedient to implement or to effect the purchase of OHB Stocks."
Retention as Independent Non-Executive Director
"THAT, Mr. Lee Kean Teong be retained as Independent Non-Executive Director of the Company, in accordance with the Malaysian Code on Corporate Governance and the Main Market Listing Requirements of Bursa Malaysia Securities Berhad."
To transact any other businesses of which due notice shall have been given in accordance with the Company's Constitution.
By Order of the Board
Tai Yit Chan (MAICSA 7009143) (SSM PC No.: 202008001023) Ong Tze-En (MAICSA 7026537) (SSM PC No.: 202008003397)
Joint Company Secretaries Penang, 30 April 2026
Ordinary Resolution 7
Ordinary Resolution 8
NOTICE OF ANNUAL GENERAL MEETING
Notes on proxy and voting:
The AGM will be held at Sri Mas Ballroom, Level 4, Bayview Hotel Georgetown Penang, 25A Farquhar Street, 10200 George Town, Penang, Malaysia. The Notice of 64th AGM of the Company and the Form of Proxy are published on the Company's corporate website at https://www.ohb.com.my.
A proxy may but need not be a member of the Company.
The instrument appointing a proxy must be deposited/lodged by the following methods not less than 48 hours before the time set for holding the AGM or at any adjournment thereof:-
By hard copy form - The Form of Proxy must be deposited with the Poll Administrator at Boardroom Share Registrars Sdn Bhd, 11th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, 46200 Petaling Jaya, Selangor, Malaysia.
By electronic form - The Form of Proxy can be electronically lodged with the Poll Administrator through Boardroom Smart Investor Portal at https://investor.boardroomlimited.com. Please refer to the Administrative Guide available on the Company's corporate website for the procedures on electronic lodgement of Form of Proxy.
A member entitled to attend and vote is entitled to appoint not more than two (2) proxies to attend and vote in his stead. Where a member appoints more than one (1) proxy, the appointment shall be invalid unless he specifies the proportions of his holdings to be represented by each proxy. A proxy appointed to attend and vote at a meeting of the Company shall have the same rights as the member to speak at the meeting.
Where a member of the Company is an authorised nominee as defined under the Securities Industries (Central Depositories) Act, 1991 ("SICDA"), it may appoint not more than two (2) proxies in respect of each securities account it holds with ordinary stocks of the Company standing to the credit of the said securities account.
Where a member of the Company is an exempt authorised nominee which holds ordinary stocks in the Company for multiple beneficial owners in one (1) securities account ("omnibus account"), there shall be no limit to the number of proxies which the exempt authorised nominee may appoint in respect of each omnibus account it holds. An exempt authorised nominee refers to an authorised nominee defined under the SICDA which is exempted from compliance with the provisions of subsection 25A(1) of SICDA.
If the appointer is a corporation, the Form of Proxy must be executed under the corporation's common seal or under the hand of an officer or an attorney duly authorised.
In respect of deposited securities, only a Depositor whose name appears on the Record of Depositors on 3 June 2026 (General Meeting Record of Depositors) shall be eligible to attend the meeting or appoint a proxy to attend and/or vote on his/her behalf.
Explanatory notes on the resolutions:
Dato' Ong Eng Bin, has notified the Board of Directors ("the Board") of his intention not to seek re-election due to his personal commitment and hence, he shall retire as Director at the close of business on 11 June 2026, following the conclusion of the 64th AGM.
NOTICE OF ANNUAL GENERAL MEETING
Explanatory notes on the resolutions: (Cont'd)
Ordinary Resolutions 2 to 3 are to re-elect Directors who retire in accordance with Clause 103 of the Company's Constitution
The Ordinary Resolutions 2 and 3 pertain to the re-election of Mr. Lee Kean Teong and Dato' Md Radzaif Bin Mohamed (collectively referred to as "Retiring Directors"). Pursuant to Clause 103 of the Company's Constitution, they are eligible and have offered themselves to stand for re-election at this 64th AGM.
The Board, through the Nominating Committee ("NC"), had conducted assessments on the Retiring Directors. The assessments were based on the criteria set out in the Fit and Proper Policy, which include commitment, contributions, knowledge, integrity, experience, and overall performance. The Board is satisfied that Mr. Lee Kean Teong and Dato' Md Radzaif Bin Mohamed met the fit and proper and performance criteria required for the discharge of their duties and responsibilities.
Mr. Lee Kean Teong and Dato' Md Radzaif Bin Mohamed are Independent Non-Executive Directors of the Company. Both have fulfilled the requirements on independence as set out in the MMLR and have provided confirmation of independence. Mr. Lee is the Chairman of the Audit Committee and Remuneration Committee as well as a member of the Nominating Committee (collectively the "Board Committees"). Throughout his tenure, he has provided leadership and guidance to the Board as well as the Board Committees, fostering effective decision-making processes, promoting transparency and accountability and sharing impartial views and opinions. Dato' Md Radzaif Bin Mohamed is a member of the Board Committees. He has demonstrated his objectivity by sharing valuable, relevant, independent and impartial insights, views and opinions on issues tabled for discussion in the meetings of the Board and Board Committees.
The Retiring Directors do not have any conflict of interest ("COI") and/or potential COI within the Company and its subsidiaries. Both of them had also abstained from deliberation and decision making on their re-election at both Nominating Committee and Board meetings.
Information on the Directors standing for re-election is set out under Profile of Directors/Key Senior Management in the Annual Report 2025.
Ordinary Resolution 4 is to approve Directors' Fees and Benefits
The fees and benefits payable to the Directors had been reviewed and approved by the Remuneration Committee and the Board. The quantum of Directors' fees and benefits payable is computed based on the anticipated number of meetings of the Board Committees, assuming full attendance by all the Directors. The amount also includes a contingency sum to cater for unforeseen circumstances such as the appointment of any additional Director, additional unscheduled meetings of Board and Board Committees and/or for the formation of additional Board Committees. Upon approval, payment of Directors' fees and benefits for the current financial year shall be paid on a quarterly basis upon the completion of services rendered by the respective Directors. Please refer to the Corporate Governance Overview Statement and Corporate Governance Report for details of the fees and benefits payable for the Directors. Once approved by the stockholders, this approval shall continue to be in force until the conclusion of the next AGM of the Company in 2027.
Ordinary Resolution 6 is to approve Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature
This Ordinary Resolution, if passed, will approve the shareholders' mandate on Recurrent Related Party Transactions and allow the Company and/or its subsidiaries to enter into Recurrent Related Party Transactions in accordance with Chapter 10 of the MMLR of Bursa Malaysia Securities Berhad. This approval shall continue to be in force until the conclusion of the next AGM or the expiration of the period within which the next AGM is required by law to be held or revoked/varied by resolution passed by the stockholders in a general meeting, whichever is the earlier.
NOTICE OF ANNUAL GENERAL MEETING
Explanatory notes on the resolutions: (Cont'd)
Ordinary Resolution 7 is to approve Proposed Renewal of Authority to Buy-Back its Own Stocks
This Ordinary Resolution, if passed, will allow the Company to purchase its own stocks. The total number of stocks purchased shall not exceed 62,039,363 stocks representing 10% of the total number of issued share capital of the Company. This authority will, unless revoked or varied by the Company in a general meeting, expire at the next AGM of the Company.
Ordinary Resolution 8 is to retain Mr. Lee Kean Teong as the Independent Non-Executive Director of the Company
Mr. Lee Kean Teong was appointed as an Independent Non-Executive Director on 31 March 2015. He has served the Company for 11 years as at the date of the notice of the 64th AGM.
The Board approved the recommendation from the Nominating Committee and is supportive of retaining him as Independent Non-Executive Director based on the justifications below. Mr. Lee had abstained from deliberation and decision on his own eligibility to stand for re-election at both Nominating Committee and Board meetings.
Mr. Lee had provided annual declaration/confirmation of independence in accordance with guidelines set out in the MMLR of Bursa Malaysia Securities Berhad. He has demonstrated complete independence in character and judgement and therefore able to bring objectivity that provide checks and balances to the executive leadership team.
He has performed his duties diligently and has remained objective and independent in expressing his views during deliberation and decision-making of the Board and the Board Committees, as applicable. His judgment is not clouded by familiarity.
The length of his service on the Board does not in any way interfere with his exercise of independent judgment and ability to act in the best interests of the Group. He understands the businesses and operations of the Group as he has served as an Independent Non-Executive Director for some time. Therefore, his familiarity has enabled him to participate effectively during meetings.
Statement of Accompanying Notice of AGM
(Pursuant to Paragraph 8.27(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad) No individual is standing for election as Director at the forthcoming AGM of the Company.
DIVIDEND ANNOUNCEMENTNOTICE IS HEREBY GIVEN that a Depositor shall qualify for entitlement to the Final Single Tier Dividend of 20 sen per ordinary stock only in respect of:
Stocks transferred into the Depositor's Securities Account before 4:30 p.m. on 30 June 2026 in respect of ordinary transfers; and
Stocks bought on Bursa Malaysia Securities Berhad on a cum dividend entitlement basis according to the Rules of the Bursa Malaysia Securities Berhad.
The Final Single Tier Dividend, if approved, will be paid on 16 July 2026 to Depositors registered in the Records of Depositors at the close of business on 30 June 2026.
STATEMENT ON PROPOSED RENEWAL OF AUTHORITY TO PURCHASE ITS OWN STOCKSINTRODUCTION
At the AGM of the Company held on 10 June 2025, the Directors had obtained stockholders' approval to undertake the Proposed Stock Buy-Back of up to 10% of the total number of issued stocks of Oriental Holdings Berhad ("the Company" or "OHB") through Bursa Malaysia Securities Berhad ("Bursa Securities"). The Company's authority to undertake the Proposed Stock Buy-Back shall, in accordance with Bursa Securities's Guidelines Governing Share Buy-Back, lapses at the conclusion of the forthcoming AGM unless a new mandate is obtained from stockholders for the Proposed Stock Buy-Back.
Accordingly, the Company had on 16 April 2026 announced that the Directors proposed to seek authorisation from stockholders for a renewal of the Proposed Stock Buy-Back.
The purpose of this Statement is to provide you with the details pertaining to the Proposed Stock Buy-Back and to seek your approval for the related resolution which will be tabled at the forthcoming AGM.
PROPOSED RENEWAL OF AUTHORITY FOR THE STOCK BUY-BACK
As at 2 April 2026, the issued share capital of the Company is RM620,393,638 comprising of 620,393,638 Stocks (including 1,616,508 Stocks retained as Treasury Stocks). The Directors seek the authority from the stockholders of the Company to purchase its Stocks up to ten per centum (10%) of the total number of issued stocks of OHB or 62,039,363 Stocks for the time being quoted on the Bursa Securities through its appointed stockbrokers, Affin Hwang Investment Bank Berhad and RHB Investment Bank Berhad.
The new mandate from stockholders will be effective immediately upon the passing of the Ordinary Resolution for the Proposed Stock Buy-Back up till the conclusion of the next AGM of OHB in the year 2027 unless the authority is further renewed by an Ordinary Resolution passed at the said AGM (either unconditionally or subject to conditions), or upon the expiration of the period within which the next AGM is required by law to be held, or if earlier revoked or varied by an Ordinary Resolution of the stockholders of the Company in a general meeting.
The Proposed Stock Buy-Back is subject to the compliance with Section 127 of the Companies Act, 2016 (as may be amended, modified or re-enacted from time to time) and any prevailing laws, rules, regulations, orders, guidelines and requirements issued by the relevant authorities at the time of purchase.
In accordance with the guidelines of the Bursa Securities, the Company may only purchase the Stocks on the Bursa Securities at a price which is not more than fifteen per centum (15%) above the weighted average market price for the past five (5) market days immediately preceding the date of the purchase(s). The Company may only resell the Treasury Stocks on the Bursa Securities at:
a price which is not less than the weighted average market price for the Stocks for the past five (5) market days immediately prior to the resale; or
a discount price of not more than 5% to the weighted average market price for the Stocks for the five (5) market days immediately prior to the resale provided that :-
the resale takes place no earlier than 30 days from the date of purchase; and
the resale price is not less than the cost of purchase of the shares being resold.
The Directors will deal with the Stocks so purchased in the following manner:-
to cancel the Stocks so purchased; or
to retain the Stocks so purchased as Treasury Stocks for distribution as dividend to the stockholders and/or resell on the market of the Bursa Securities; or
to retain part of the Stocks so purchased as Treasury Stocks and cancel the remainder; or
in such manner as Bursa Malaysia Securities Berhad and such other relevant authorities may allow from time to time.
An appropriate announcement will be made to the Bursa Securities in respect of the intention of the Directors whether to retain the Stocks so purchased as Treasury Stocks or cancel them or both as and when the Proposed Stock Buy-Back is executed.
STATEMENT ON PROPOSED RENEWAL OF AUTHORITY TO PURCHASE ITS OWN STOCKS
RATIONALE FOR THE PROPOSED STOCK BUY-BACK
The Proposed Stock Buy-Back will give the Directors the flexibility to purchase Stocks, if and when circumstances permit, with a view to enhancing the earnings per stock of the Group and net asset per stock of the Company.
The Proposed Stock Buy-Back is not expected to have any potential material disadvantage to the Company and its stockholders as it will be exercised only after in-depth consideration of the financial resources of the Group and of the resultant impact on its stockholders.
Potential Advantages
The Proposed Stock Buy-Back if exercised, is expected to potentially benefit the Company and its stockholders as follows:
The Company would expect to enhance the earnings per stock of the Group (in the case where the Directors resolve to cancel the Stocks so purchased or retain the Stocks in treasury and the Treasury Stocks are not subsequently resold), and thereby long term and genuine investors are expected to enjoy a corresponding increase in the value of their investments in the Company;
If the Stocks bought back are kept as Treasury Stocks, it will give the Directors an option to sell the Stocks so purchased at a higher price and therefore make an exceptional gain for the Company. Alternatively the Stocks so purchased can be distributed as share dividends to stockholders; and
The Company may be able to stabilize the supply and demand of its Stocks in the open market and thereby supporting its fundamental values.
Potential Disadvantages
The Proposed Stock Buy-Back, if exercised, will reduce the financial resources of OHB and may result in OHB having to forego other alternative investment opportunities which may emerge in the future, and it may reduce the financial resources of OHB for payment of dividends. Nevertheless, the Directors will be mindful of the interests of OHB and its stockholders when exercising the Proposed Stock Buy-Back.
FINANCIAL EFFECTS OF THE PROPOSED STOCK BUY-BACK
Share Capital
The Proposed Stock Buy-Back, if carried out in full and assuming the Stocks so purchased are cancelled, the proforma effect on the issued share capital of the Company will be as follows:
No. of Stocks
Existing as at 2 April 2026
620,393,638
Proposed Stock Buy-Back (10% of the total number of issued stocks, including 1,616,508 Treasury Stocks)
62,039,363
558,354,275
However, there will be no effect on the total number of issued stocks of OHB if the Stocks so purchased are retained as Treasury Stocks.
STATEMENT ON PROPOSED RENEWAL OF AUTHORITY TO PURCHASE ITS OWN STOCKS
4 FINANCIAL EFFECTS OF THE PROPOSED STOCK BUY-BACK (cont'd)
Net Assets Per Stock
The effects of the Proposed Stock Buy-Back on the net assets per stock of the Group are dependent on the purchase prices of the OHB Stocks and the effective funding cost to the Company.
If all the OHB Stocks purchased are to be cancelled, the Proposed Stock Buy-Back will reduce the net assets per stock when the purchase price exceeds the net assets per stock at the relevant point in time. However, the net assets per stock will be increased when the purchase price is less than the net assets per stock at the relevant point in time. The net assets per stock is RM11.57 as per audited financial statements as at 31 December 2025.
Working Capital
The Proposed Stock Buy-Back, if exercised, will reduce the working capital of the Group, the quantum of which depends on the purchase price of OHB Stocks and the actual number of OHB Stocks purchased.
Earnings Per Stock
The effects of the Proposed Stock Buy-Back on the earnings per stock of the Group are dependent on the actual number of OHB Stocks bought back and the purchase prices of OHB Stocks and the effective funding cost to the Company.
Dividends
Assuming the Proposed Stock Buy-Back is exercised in full and the dividend quantum is maintained at historical levels, the Proposed Stock Buy-Back will have the effect of increasing the dividend rate of OHB as a result of the reduction in the total number of issued stocks of OHB.
SOURCE OF FUNDS FOR THE PROPOSED STOCK BUY-BACK
The Proposed Stock Buy-Back will allow the Company to purchase its own Stocks at any time within the above mentioned time period using internally generated funds of the Company.
The actual number of Stocks to be purchased, the total amount of funds to be utilised for each purchase and the timing of any purchase will depend on the market conditions and sentiments of the stock market, the financial resources available to the Company as well as the availability of the retained earnings of the Company.
The maximum amount of funds to be utilised for the Proposed Stock Buy-Back shall not exceed the aggregate of the retained earnings of the Company, otherwise available for dividend for the time being. Based on the audited financial statements as at 31 December 2025, the Company's retained earnings is RM1.1 billion.
OTHER DISCLOSURES IN RELATION TO THE PROPOSED STOCK BUY-BACK
Public Stockholding Spread
The Proposed Stock Buy-Back will be made in compliance with the 25% stockholding spread as required by the Listing Requirements of Bursa Securities. As at 2 April 2026, the public stockholding spread of the Company is approximately 40.52% of its issued share capital.
STATEMENT ON PROPOSED RENEWAL OF AUTHORITY TO PURCHASE ITS OWN STOCKS
6. OTHER DISCLOSURES IN RELATION TO THE PROPOSED STOCK BUY-BACK (cont'd)
Purchases and Resale Made in the Previous Twelve (12) Months
OHB had purchased a total of 1,484,700 of its own stocks and retained as Treasury Stocks in accordance with the provisions of Section 127 of the Act. The details of Stocks purchased by the Company in the previous twelve (12) months are as follows:
Date
No. of stocks
Highest price paid (RM)
Lowest price paid (RM)
Average price paid (RM)
Total consideration
(RM)
02.03.2026
302,800
7.00
6.91
6.98
2,122,399.72
03.03.2026
72,000
7.00
6.97
6.99
505,372.59
04.03.2026
257,800
7.00
6.97
6.99
1,808,011.67
05.03.2026
47,700
7.00
6.99
7.00
335,240.16
06.03.2026
120,200
7.00
6.98
7.00
844,414.64
09.03.2026
428,300
6.99
6.93
6.97
2,994,297.54
10.03.2026
25,200
6.98
6.98
6.98
176,652.46
12.03.2026
10,500
7.00
7.00
7.00
74,037.05
13.03.2026
40,300
7.00
6.99
7.00
283,309.89
16.03.2026
119,000
7.10
7.02
7.06
843,622.14
17.03.2026
15,000
7.10
7.10
7.10
106,958.45
30.03.2026
37,700
7.14
7.12
7.13
270,100.78
31.03.2026
8,200
7.14
7.14
7.14
58,975.86
The Company had not resold, transferred or cancelled any Treasury Stocks on Bursa Securities in the previous twelve (12) months. As at 2 April 2026, the total Treasury Stocks are 1,616,508 and they have no rights to voting, dividends, and participation in other distribution.
Share Price
The monthly highest and lowest prices of the Stocks traded on the Bursa Securities for the last twelve (12) months from April 2025 to March 2026 are as follows:
April 2025
May 2025
Jun 2025
Jul 2025
Aug 2025
Sep 2025
Oct 2025
Nov 2025
Dec 2025
Jan 2026
Feb 2026
Mar 2026
Highest (RM)
7.15
7.11
7.13
7.02
6.88
6.94
7.15
6.90
6.84
6.88
7.05
7.40
Lowest (RM)
6.38
6.96
6.75
6.76
6.75
6.77
6.81
6.68
6.72
6.72
6.87
6.90
(Source: Bursa Malaysia's Daily Scoreboard and Stock Summary)
The last transacted price of OHB Stocks on 16 April 2026, being the latest practicable date prior to the date of printing of the Circular was RM7.17.
STATEMENT ON PROPOSED RENEWAL OF AUTHORITY TO PURCHASE ITS OWN STOCKS
6. OTHER DISCLOSURES IN RELATION TO THE PROPOSED STOCK BUY-BACK (cont'd)
Implication on The Malaysian Code on Take-Overs and Mergers 2016 ("the Code")
Soaring Success Sdn Bhd, a major stockholder of OHB is a person connected to the Directors of the Company, namely Datuk Loh Kian Chong, Dato' Seri Lim Su Tong and Dato' Sri Datuk Wira Tan Hui Jing.
The Proposed Stock Buy-Back, if fully exercised will result in the equity interest of Soaring Success Sdn Bhd increasing from 38.73% to 42.92%. If the increase is more than 2% over a 6 month period, Soaring Success Sdn Bhd will be obliged pursuant to the Code to undertake a Mandatory General Offer for the remaining ordinary stocks in OHB not already held by them.
The Directors, Datuk Loh Kian Chong, Dato' Seri Lim Su Tong, Dato' Sri Datuk Wira Tan Hui Jing, Ms Tan Kheng Hwee, and Soaring Success Sdn Bhd are deemed parties acting in concert, will seek Securities Commission Malaysia's approval for a waiver from the obligation to undertake a Mandatory General Offer of the Code, which is in respect of exemption for holders of voting shares, directors and persons acting in concert when a company purchases its own voting shares.
In the event the Proposed Waiver is not granted, the Company will not proceed with the Proposed Stock Buy-Back.
INTERESTS OF DIRECTORS, SUBSTANTIAL STOCKHOLDERS AND PERSONS CONNECTED
The Directors, Substantial Stockholders and Persons Connected with the Directors and/or Substantial Stockholders of the OHB Group have no direct or indirect interest in the Proposed Stock Buy-Back and resale of Treasury Stocks.
The proforma table below shows the interests held directly and indirectly in OHB by the Directors and Substantial Stockholders of OHB before and after the Proposed Stock Buy-Back:
Stockholdings as at 2 April 2026
Before Proposed Stock Buy-Back After Proposed Stock Buy-Back
Direct | % | Indirect* | % | Direct | % | Indirect* | % | |
Directors | ||||||||
Datuk Loh Kian Chong | 1,000,000 | 0.16 | (a) 264,507,644 | 42.75 | 1,000,000 | 0.18 | (a)264,507,644 | 47.37 |
Dato' Seri Lim Su Tong | 2,966,906 | 0.48 | (b) 258,416,040 | 41.76 | 2,966,906 | 0.53 | (b) 258,416,040 | 46.28 |
Dato' Sri Datuk Wira Tan Hui Jing | - | - | (c) 255,267,744 | 41.25 | - | - | (c) 255,267,744 | 45.72 |
Tan Kheng Hwee | 172,032 | 0.03 | (d) 42,234,190 | 6.83 | 172,032 | 0.03 | (d) 42,234,190 | 7.56 |
Lee Kean Teong | 7,680 | 0.00 | - | - | 7,680 | 0.00 | - | - |
Puan Nazriah Binti Shaik Alawdin | - | - | - | - | - | - | - | - |
Dato' Ong Eng Bin | - | - (b) 53,500 | 0.01 | - | - (b) 53,500 | 0.01 | ||
Dato' Md Radzaif Bin | - | - - | - | - | - - | - | ||
Mohamed | ||||||||
Kunitomo Asano | - | - | - | - | - | - | - | - |
Dato' Yaep Chin Yee | 100,000 | 0.02 | - | - | 100,000 | 0.02 | - | - |
Substantial Stockholders | ||||||||
Datuk Loh Kian Chong | 1,000,000 | 0.16 | (a) 264,507,644 | 42.75 | 1,000,000 | 0.18 | (a)264,507,644 | 47.37 |
Dato' Seri Lim Su Tong | 2,966,906 | 0.48 | (b) 258,416,040 | 41.76 | 2,966,906 | 0.53 | (b) 258,416,040 | 46.28 |
STATEMENT ON PROPOSED RENEWAL OF AUTHORITY TO PURCHASE ITS OWN STOCKS
7. | INTERESTS OF DIRECTORS, SUBSTANTIAL STOCKHOLDERS AND PERSONS CONNECTED (cont'd) | |||||||
The proforma table below shows the interests held directly and indirectly in OHB by the Directors and Substantial | ||||||||
Stockholders of OHB before and after the Proposed Stock Buy-Back: (cont'd) | ||||||||
Stockholdings as at 2 April 2026 | ||||||||
Before Proposed Stock Buy-Back | After Proposed Stock Buy-Back | |||||||
Direct | % | Indirect* | % | Direct | % | Indirect* | % | |
Dato' Sri Datuk Wira | - | - | (c) 255,267,744 | 41.25 | - | - | (c) 255,267,744 | 45.72 |
Tan Hui Jing | ||||||||
Dato' Robert Wong | 181,149 | 0.03 | (e) 42,396,062 | 6.85 | 181,149 | 0.03 | (e) 42,396,062 | 7.59 |
Lum Kong | ||||||||
Datin Loh Ean (demised) | 161,872 | 0.03 | (j) 42,415,339 | 6.85 | 161,872 | 0.03 | (j)42,415,339 | 7.60 |
Dato' Seri Loh Cheng Yean# | 486,755 | 0.08 | (f) 42,691,914 | 6.90 | 486,755 | 0.09 | (f) 42,691,914 | 7.65 |
Dato' Lim Kean Seng# | 857,683 | 0.14 | (g) 257,558,357 | 41.62 | 857,683 | 0.15 | (g) 257,558,357 | 46.13 |
Lim Ee Ling# | - | - | (g) 257,558,357 | 41.62 | - | - | (g) 257,558,357 | 46.13 |
Lim Ee Hean# | - | - | (g) 257,558,357 | 41.62 | - | - | (g) 257,558,357 | 46.13 |
Loh Oon Ling# | - | - | (h) 264,157,644 | 42.69 | - | - | (h)264,157,644 | 47.31 |
Loh Ean Holdings Sdn Bhd# | 31,734,190 | 5.13 | - | - | 31,734,190 | 5.68 | - | - |
Loh Cheng Yean Holdings Sdn Bhd# | 42,234,190 | 6.83 | - | - | 42,234,190 | 7.56 | - | - |
Loh Kar Bee Holdings Sdn Bhd# | 12,943,200 | 2.09 | (i) 251,214,444 | 40.60 | 12,943,200 | 2.32 | (i) 251,214,444 | 44.99 |
Loh Phoy Yen Holdings Sdn Bhd# | 4,108,047 | 0.66 | (i) 251,214,444 | 40.60 | 4,108,047 | 0.74 | (i) 251,214,444 | 44.99 |
Loh Gim Ean Holdings Sdn Bhd# | 4,053,300 | 0.66 | (i) 251,214,444 | 40.60 | 4,053,300 | 0.73 | (i) 251,214,444 | 44.99 |
Soaring Success Sdn Bhd# | 239,667,250 | 38.73 | - | - | 239,667,250 | 42.92 | - | - |
Tan Kheng Hwee | 172,032 | 0.03 | (d) 42,234,190 | 6.83 | 172,032 | 0.03 | (d) 42,234,190 | 7.56 |
Tan Kheng Ju# | 86,016 | 0.01 | (d) 42,234,190 | 6.83 | 86,016 | 0.02 | (d) 42,234,190 | 7.56 |
Tan Ju Nguan# | 130,560 | 0.02 | (d) 42,234,190 | 6.83 | 130,560 | 0.02 | (d) 42,234,190 | 7.56 |
Tan Hui Ming# | 38,307 | 0.01 | (c) 255,267,744 | 41.25 | 38,307 | 0.01 | (c) 255,267,744 | 45.72 |
Persons connected | ||||||||
Datin Lee Ming Choon | 150,000 | 0.02 | - | - | 150,000 | 0.03 | - | - |
Global Wealth Ltd | 256,600 | 0.04 | - | - | 256,600 | 0.05 | - | - |
Global Investments Ltd | 200,000 | 0.03 | - | - | 200,000 | 0.04 | - | - |
Joyce Yu Keng Hee | 26,000 | 0.00 | - | - | 26,000 | 0.00 | - | - |
Jonathan Ong Chong | 17,500 | 0.00 | - | - | 17,500 | 0.00 | - | - |
Yeung | ||||||||
Joanna Ong Yi En | 10,000 | 0.00 | - | - | 10,000 | 0.00 | - | - |
Loh Boon Siew Holdings | 11,547,194 | 1.87 | - | - | 11,547,194 | 2.07 | - | - |
Sdn Bhd | ||||||||
Loh Kah Kheng | 252,681 | 0.04 | - | - | 252,681 | 0.05 | - | - |
Holdings Sdn Bhd | ||||||||
Shirley Kathreyn Yap | 187,652 | 0.03 | - | - | 187,652 | 0.03 | - | - |
STATEMENT ON PROPOSED RENEWAL OF AUTHORITY TO PURCHASE ITS OWN STOCKS
INTERESTS OF DIRECTORS, SUBSTANTIAL STOCKHOLDERS AND PERSONS CONNECTED (cont'd)
The proforma table below shows the interests held directly and indirectly in OHB by the Directors and Substantial Stockholders of OHB before and after the Proposed Stock Buy-Back: (cont'd)
Stockholdings as at 2 April 2026
Before Proposed Stock Buy-Back After Proposed Stock Buy-Back
Direct
%
Indirect*
%
Direct
%
Indirect*
%
Tan Sri Dato' Loh Boon 987,835 Siew (demised)
0.16
-
-
987,835
0.18
-
-
Tan Puay Huat 69,116 (demised)
0.01
-
-
69,116
0.01
-
-
Tong Yen Sdn Bhd 1,708,278
0.28
-
-
1,708,278
0.31
-
-
United Formula Sdn Bhd 70,988
0.01
-
-
70,988
0.01
-
-
Wong Chee Choong 10,500,000
1.70
-
-
10,500,000
1.88
-
-
Yaep Liong Kowi 214,504
0.03
-
-
214,504
0.04
-
-
Notes:
* Deemed interested pursuant to Section 8(4) and Section 59(11)(c) of the Companies Act, 2016, where applicable.
# Also persons connected to Directors and Substantial Stockholders.
Deemed interested via Soaring Success Sdn Bhd, Loh Kar Bee Holdings Sdn Bhd, Loh Boon Siew Holdings Sdn Bhd, Global Investments Ltd and spouse.
Deemed interested via spouses and/or children.
Deemed interested via Soaring Success Sdn Bhd, Loh Gim Ean Holdings Sdn Bhd and Loh Boon Siew Holdings Sdn Bhd.
Deemed interested via Loh Cheng Yean Holdings Sdn Bhd.
Deemed interested via Loh Ean Holdings Sdn Bhd, demised spouse and child.
Deemed interested via Loh Cheng Yean Holdings Sdn Bhd, demised spouse and children.
Deemed interested via Soaring Success Sdn Bhd, Loh Phoy Yen Holdings Sdn Bhd, Loh Boon Siew Holdings Sdn Bhd, United Formula Sdn Bhd, Tong Yen Sdn Bhd, Global Investments Ltd and Global Wealth Ltd.
Deemed interested via Soaring Success Sdn Bhd, Loh Kar Bee Holdings Sdn Bhd and Loh Boon Siew Holdings Sdn Bhd.
Deemed interested via Soaring Success Sdn Bhd and Loh Boon Siew Holdings Sdn Bhd.
Deemed interested via Loh Ean Holdings Sdn Bhd, spouse and child.
DIRECTORS' RECOMMENDATION
Having considered all aspects of the Proposed Stock Buy-Back, the Directors are of the opinion that the Proposed Stock Buy-Back is in the best interest of the Group. The Directors recommend that you vote in favour of the resolution pertaining to the Proposed Stock Buy-Back to be tabled at the forthcoming AGM.
STATEMENT ON PROPOSED RENEWAL OF AUTHORITY TO PURCHASE ITS OWN STOCKS
DIRECTORS' RESPONSIBILITY STATEMENT
This Statement has been seen and approved by the Board and they collectively and individually accept full responsibility for the accuracy of the information given and confirm that after making all reasonable enquiries to the best of their knowledge and belief, there are no other facts the omission of which would make any statement misleading.
BURSA SECURITIES
Bursa Securities takes no responsibility for the contents of this Statement, makes no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or reliance upon the whole or any part of the contents of this Statement. Bursa has not reviewed this Statement prior to its issuance.
DOCUMENTS AVAILABLE FOR INSPECTION
Copies of the following documents are available for inspection at the Registered Office of the Company during normal office hours on Mondays to Fridays (except public holidays) from the date of this Annual Report up to and including the date of AGM:
the Constitution of the Company;
the Audited Financial Statements of the Group for the past two financial years ended 31 December 2024 and 2025.
BOARD OF DIRECTORS
REMUNERATION COMMITTEE
SHARE REGISTRAR
Executive Chairman
Datuk Loh Kian Chong
Executive Directors
Dato' Seri Lim Su Tong Group Managing Director
Dato' Sri Datuk Wira Tan Hui Jing Deputy Group Managing Director
Tan Kheng Hwee
Non-Executive Directors
Lee Kean Teong
Independent Non-Executive Director
Nazriah Binti Shaik Alawdin Independent Non-Executive Director
Dato' Ong Eng Bin
Independent Non-Executive Director
Dato' Md Radzaif Bin Mohamed Independent Non-Executive Director
Kunitomo Asano
Non-Independent Non-Executive Director
Alternate Director
Dato' Yaep Chin Yee Alternate Director to Dato' Seri Lim Su Tong
EXCO COMMITTEE
Chairman
Datuk Loh Kian Chong
Members
Dato' Seri Lim Su Tong
Dato' Sri Datuk Wira Tan Hui Jing
Tan Kheng Hwee
Chairman
Lee Kean Teong
Members
Nazriah Binti Shaik Alawdin
Dato' Ong Eng Bin
Dato' Md Radzaif Bin Mohamed
NOMINATING COMMITTEE
Chairman
Nazriah Binti Shaik Alawdin
Members
Lee Kean Teong
Dato' Ong Eng Bin
RISK MANAGEMENT AND SUSTAINABILITY COMMITTEE
Dato' Md Radzaif Bin Mohamed
Chairman
Nazriah Binti Shaik Alawdin
Members
Datuk Loh Kian Chong
Dato' Seri Lim Su Tong
Dato' Sri Datuk Wira Tan Hui Jing
Tan Kheng Hwee
Wong Tet Look, Adrian
COMPANY SECRETARIES
Tai Yit Chan (MAICSA 7009143) (SSM PC No.: 202008001023)
Ong Tze-En (MAICSA 7026537) (SSM PC No.: 202008003397)
Securities Services (Holdings) Sdn. Bhd. Suite 18.05, MWE Plaza
No. 8, Lebuh Farquhar 10200 George Town Pulau Pinang, Malaysia Tel No : 04-2631966 Fax No : 04-2628544
E-mail : info@sshsb.com.my
AUDITORS
KPMG PLT
Chartered Accountants
MAJOR BANKERS
CIMB Bank Berhad
OCBC Bank (Malaysia) Berhad
Public Bank Berhad
Citibank Berhad
STOCK EXCHANGE LISTING
Main Market of Bursa Malaysia Securities Berhad
Stock Code : 4006
AUDIT COMMITTEE
Chairman
Lee Kean Teong
Members
Nazriah Binti Shaik Alawdin
Dato' Ong Eng Bin
Dato' Md Radzaif Bin Mohamed
REGISTERED OFFICE
170-09-01
Livingston Tower Jalan Argyll
10050 George Town Pulau Pinang, Malaysia Tel No : 04-2294390 Fax No : 04-2265860
WEBSITE
https://www.ohb.com.my
E-mail : boardroom-kl@boardroomlimited.com
PROFILE OF DIRECTORS/ KEY SENIOR MANAGEMENT Datuk Loh Kian ChongExecutive Chairman | Key Senior Management
Datuk Loh Kian Chong, aged 50, Male, a Malaysian, joined the Board as an Executive Director on 15 May 2009 and was appointed as Deputy Chairman on 8 November 2013 and assumed the position of Chairman on 1 January 2015. He is currently co-joint with Dato' Seri Lim Su Tong in charge of the investment and development of properties, trading of building material products, and plantation segments of the Group, as well as co-joint with Dato' Sri Datuk Wira Tan Hui Jing in charge of the automotive retails business in Malaysia.
Datuk Loh Kian Chong holds a Bachelor of Business in Property from Royal Melbourne Institute of Technology (RMIT), Australia.
He began his career as Director of Boon Siew Group of Companies in 2000. In May 2007, he was appointed as Deputy Chairman of Boon Siew Sdn. Bhd.. He is a major stockholder of Oriental Holdings Berhad.
He is a Director of Penang Yellow Bus Company Berhad, Boon Siew Credit Berhad and The Corner Properties Berhad.
He is a member of Risk Management and Sustainability Committee.
He attended all 8 Board Meetings held in 2025.
He is the nephew of Dato' Seri Lim Su Tong and the cousin of Dato' Sri Datuk Wira Tan Hui Jing and Tan Kheng Hwee.
Dato' Seri Lim Su TongGroup Managing Director | Key Senior Management
Dato' Seri Lim, aged 81, Male, a Malaysian, was appointed to the Board on 1 July 1974. He is currently the Group Managing Director in charge of the investment and development of properties, trading of building material products and plantation segments of the Group.
Dato' Seri Lim, a Bachelor of Arts (Hons) Economics graduate from the Universiti Malaya, has over 50 years of experience in business operations.
He is one of the four Executive Directors responsible for the overall business and management operations of the Group.
He is a Director of several subsidiaries involved in hotels and resorts, automotive and plastic parts industries. He is a major stockholder of Oriental Holdings Berhad.
He is also a Managing Director of Boon Siew Sdn. Bhd. and Boon Siew Credit Berhad and a Director of Penang Yellow Bus Company Berhad.
He is a member of Risk Management and Sustainability Committee.
He attended 6 out of 8 Board Meetings held in 2025.
He is the uncle of Datuk Loh Kian Chong, Dato' Sri Datuk Wira Tan Hui Jing and Tan Kheng Hwee.
PROFILE OF DIRECTORS/KEY SENIOR MANAGEMENT
Dato' Sri Datuk Wira Tan Hui JingDeputy Group Managing Director | Key Senior Management
Dato' Sri Datuk Wira Tan Hui Jing, aged 45, Male, a Malaysian, joined the Board as a Non-Independent Non-Executive Director on 1 February 2014 and was re-designated as an Executive Director on 1 January 2015. On 11 November 2024, he was promoted as the Deputy Group Managing Director.
Dato' Sri Datuk Wira Tan Hui Jing holds a Bachelor of Business Systems degree from Monash University, Clayton, Australia.
He began his career as Sales and Marketing Executive in Boon Siew Sdn. Bhd. in 2004. In 2006, he was appointed Director of Boon Siew Honda Sdn. Bhd.. He became the Deputy CEO and was re-designated as Chairman of Boon Siew Honda Sdn. Bhd. effective 1 April 2018.
Dato' Sri Datuk Wira Tan now has a complete oversight and responsibility for all companies under the Plastic Products and Automotive and Related Products segments in Malaysia, Singapore and Brunei. He continues to lead the Automotive Parts Manufacturing business and Healthcare segment. Additionally, he serves as the representative director of Oriental Holdings Berhad in Boon Siew Honda Sdn. Bhd., Honda Malaysia Sdn. Bhd., Hitachi Construction Machinery (Malaysia) Sdn. Bhd., Kasai Teck See Co., Ltd and PT Kasai Teck See Indonesia. He is a major stockholder of Oriental Holdings Berhad.
He is a member of Risk Management and Sustainability Committee.
He attended all 8 Board Meetings held in 2025.
He is the nephew of Dato' Seri Lim Su Tong and the cousin of Datuk Loh Kian Chong and Tan Kheng Hwee.
Tan Kheng HweeExecutive Director | Key Senior Management
Ms. Tan Kheng Hwee, aged 60, Female, a Singaporean, joined the Board as an Executive Director on 1 January 2015. She was previously an Alternate Director to Dato' Seri Loh Cheng Yean who retired from the Board on 31 December 2014.
Ms. Tan holds a Bachelor of Arts in Economics, Cornell University and also a MBA in Finance, New York University. She worked in Deloitte and Touche in New York City (International Tax) for a year before joining Kah Motor Singapore Branch as a Finance Manager in 1993. She is currently the Executive Director in charge of the Kah Motor Singapore operations in finance and accounting, environmental, social and governance ("ESG"), human resources and information technology as well as Hotels & Resorts segment. She is a substantial stockholder of Oriental Holdings Berhad.
She is a Director of Boon Siew Credit Berhad and Penang Yellow Bus Company Berhad. On 1 April 2018, she joined the Board of Boon Siew Honda Sdn. Bhd. as the representative director of Oriental Holdings Berhad in Boon Siew Honda Sdn. Bhd..
She is a member of Risk Management and Sustainability Committee.
She attended all 8 Board Meetings held in 2025.
She is the niece of Dato' Seri Lim Su Tong and the cousin of Datuk Loh Kian Chong and Dato' Sri Datuk Wira Tan Hui Jing.
PROFILE OF DIRECTORS/KEY SENIOR MANAGEMENT
Lee Kean TeongIndependent Non-Executive Director
Mr. Lee Kean Teong, aged 67, Male, a Malaysian, was appointed to the Board as an Independent Non-Executive Director on 31 March 2015.
He was with KPMG Malaysia for more than 35 years and was a partner until his retirement on 31 December 2014. He qualified as a Chartered Accountant of Malaysian Institute of Accountants (MIA) and is also a member of Malaysian Institute of Certified Public Accountants (MICPA).
He has extensive experience in audit and management consulting throughout his career. He was the engagement partner for a wide range of companies which included public listed companies and multinationals in various industries, mainly in manufacturing, property development and construction, hotel, stock broking and finance.
He is the Chairman of Audit Committee and Remuneration Committee and a member of Nominating Committee.
Mr. Lee currently sits on the Board of Governors of The St. Christopher's School Association. He also serves on the Boards of Asas Dunia Berhad and Thong Guan Industries Berhad. He is the Chairman of Audit Committee and a member of the Nominating Committee and Remuneration Committee of Thong Guan Industries Berhad.
He attended all 8 Board Meetings held in 2025.
He does not have any family relationship with any other Director and/or major stockholder of the Company.
Nazriah Binti Shaik AlawdinIndependent Non-Executive Director
Puan Nazriah, aged 56, Female, a Malaysian, was appointed to the Board as an Independent Non-Executive Director on 11 November 2021. She is the Chairman of the Risk Management and Sustainability Committee and Nominating Committee. She is also a member of Audit Committee and Remuneration Committee.
She graduated from the Universiti Malaya with LL.B (Hons) in 1994 and was called to the Malaysian Bar as an Advocate and Solicitor in February 1995. She is currently a partner of a leading legal firm with offices in Penang, Kuala Lumpur and Johor Bahru.
Puan Nazriah has extensive experience in banking, commercial and land matters. She has served as the Chairman of the Penang Conveyancing Sub-Committee and Management Committee of the Bar Council Legal Aid Centre, Penang as well as other committees under the Bar Council. She is a member of the Property Development Construction & Management Committee of the Penang Chinese Chambers of Commerce.
She attended all 8 Board Meetings held in 2025.
She does not have any family relationship with any other Director and/or major stockholder of the Company.
PROFILE OF DIRECTORS/KEY SENIOR MANAGEMENT
Dato' Ong Eng BinIndependent Non-Executive Director
Dato' Ong Eng Bin, aged 63, Male, a Malaysian, was appointed to the Board as an Independent Non-Executive Director on 1 July 2023. He is a member of Audit Committee, Nominating Committee and Remuneration Committee.
Dato' Ong graduated from the University of Manchester, UK with a Bachelor of Arts (Honours) in Accounting & Finance in 1986 and began his career at Pricewaterhouse Malaysia (now known as PricewaterhouseCoopers Malaysia).
Dato' Ong had an impressive career of 35 years at OCBC Bank (Malaysia) Berhad (OCBC) where he rose through the ranks from a Corporate Banking Officer in 1988 to several leadership roles in different divisions of the bank including as Chief Executive Officer (CEO) of OCBC for eight years from August 2014 until his retirement in December 2022.
During his tenure as CEO of OCBC, he was also the Chairman of Pac Lease Berhad and e2 Power Sdn Bhd as well as a Council Member of the Association of Banks in Malaysia. He was an Adviser to the Chairman of OCBC until 30 June 2023.
Currently, he serves as an Independent Non-Executive Director of Paramount Corporation Berhad, Inari Amertron Berhad, and Crescendo Corporation Berhad, and as a Non-Executive Director of Asian Banking School Sdn. Bhd. and STF Resources Sdn. Bhd. He is also a Council Member of the Asian Institute of Chartered Bankers. He is the Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee of Paramount Corporation Berhad. He is a member of the Sustainability and Risk Management Committee of Inari Amertron Berhad. He is also a member of the Audit Committee, Nominating Committee, and Remuneration Committee of Crescendo Corporation Berhad.
He attended all 8 Board Meetings held in 2025.
He does not have any family relationship with any other Director and/or major stockholder of the Company.
Dato' Md Radzaif Bin MohamedIndependent Non-Executive Director
Dato' Md Radzaif Bin Mohamed, aged 68, Male, a Malaysian, was appointed to the Board as an Independent Non-Executive Director on 1 July 2023. He is a member of Audit Committee, Nominating Committee and Remuneration Committee.
He graduated from University of Leeds, United Kingdom with a First Class (Hons) degree in Mechanical Engineering in 1981 and obtained his Master of Science from Cranfield Institute of Technology, United Kingdom in 1983. He is a Chartered Engineer registered with the Engineering Council, United Kingdom.
Dato' Radzaif was involved in the industrial gas and fabrication industries in the early years of his career.
He then joined HICOM Teck See Manufacturing Malaysia Sdn. Bhd. in 2004 and subsequently appointed as its Chief Executive Officer in 2009. In July 2010, he was appointed to lead the Manufacturing and Engineering Division of DRB-HICOM Berhad.
In April 2014, Dato' Radzaif was appointed as DRB-HICOM's Chief Operating Officer of Automotive Distribution and Manufacturing. During his tenure in DRB-HICOM, he also served as a member of the Board of Management and held seats on the Boards of several of the Group companies including PROTON Holdings Berhad (PROTON), MODENAS, Composites Technology Research Malaysia Sdn. Bhd. and Isuzu Malaysia Sdn. Bhd.
Dato' Radzaif was seconded as the Deputy Chief Executive Officer at PROTON in April 2016 till his retirement in early 2022. He had played an instrumental role in developing a strong relationship and partnership of DRB-HICOM and Zhejiang Geely Holdings (Geely) in PROTON.
He attended all 8 Board Meetings held in 2025.
He does not have any family relationship with any other Director and/or major stockholder of the Company.
PROFILE OF DIRECTORS/KEY SENIOR MANAGEMENT
Kunitomo AsanoNon-Independent Non-Executive Director
Mr. Kunitomo Asano, aged 45, Male, a Japanese, was appointed to the Board as a Non-Independent Non-Executive Director on 1 April 2025. He is the representative of Honda Motor Co., Ltd..
He holds a degree from Osaka University (Formerly Osaka University of Foreign Studies) majoring in Linguistic, Urdu and Chinese.
Mr. Kunitomo Asano joined Honda Motor Co., Ltd. ("Honda Japan") in 2005, handling overseas sales for Malaysia, Philippines and Indonesia. In 2007, he moved to Asian Honda Motor Co., Ltd. to manage export business, and in 2012, he transferred to Thai Honda Manufacturing Co., Ltd., overseeing global exports to over 50 countries. Returning to Japan in 2013, he worked in the Business Planning Division, managing demand and supply for China export. In 2015, he shifted to India to oversee domestic business and public relations. Then, he returned to Japan as a sales project leader
for big bikes in 2019. Following that, he was in charge for overseas sales operations in Europe, Japan, North America, and South America from 2020 to 2024.
He was appointed as Chief Sales and Marketing Officer of Boon Siew Honda Sdn. Bhd., a subsidiary of Honda Japan, in Malaysia effective in March 2024 before assuming his new role as Managing Director and Chief Executive Officer of Boon Siew Honda Sdn. Bhd. effective on 1 April 2025.
He attended all 7 Board Meetings held in 2025 following his appointment.
He does not have any family relationship with any other Director and/or major stockholder of the Company.
Dato' Yaep Chin YeeAlternate Director
Dato' Yaep Chin Yee, aged 50, Male, a Malaysian, was appointed to the Board as an Alternate Director to Dato' Seri Lim Su Tong on 13 January 2026.
Dato' Yaep holds a Bachelor of Commerce (Accounting & Finance) degree from the University of Sydney, Australia.
He has over 25 years of experience in finance and treasury management within the plantation and property segments of the Group. Since joining the Group in 1999, he has been instrumental in driving financial operations, strategic planning and regulatory compliance, while providing board-level insights on financial strategies and risk management for these segments.
He currently serves as Financial Controller at Oriental Realty Sdn Bhd and holds directorships in several Indonesian plantation subsidiaries, where he oversees budgeting, cost control and compliance. Dato' Yaep has a proven track record in establishing new companies and leading acquisitions to strengthen the Group's regional presence, supported by his expertise in cash flow management, liquidity planning and risk frameworks.
He also holds directorships in Kwong Wah Yit Poh Press Bhd and The Corner Properties Berhad.
He does not have any family relationship with any other Director and/or major stockholder of the Company.
PROFILE OF DIRECTORS/KEY SENIOR MANAGEMENT
Wong Tet Look, AdrianGroup Chief Financial Officer | Key Senior Management
Wong Tet Look, Adrian, aged 76, Male, a Malaysian, is the Group Chief Financial Officer since assuming the role in 2012 and has since been a part of the Key Senior Management team. He has formerly served as Corporate Controller for the Group. He is a member of Risk Management and Sustainability Committee. He is also on the Board of Directors of numerous joint venture companies, several subsidiaries within the Group and Kwong Wah Yit Poh Press Bhd.
With over forty years with the Group, he has had a broad range of operating and management experience at senior management level in the Group's plantation segment, automotive retail and auto parts manufacturing segment, hotels and resorts segment, investment properties and trading of building material products segment, plastic products segment, healthcare segment and investment holding segment.
Prior to his career in Oriental Holdings Berhad, he obtained his professional experience with Price Waterhouse & Co. for over seven years in London, Melbourne and Kuala Lumpur.
He is a Fellow Member of the Institute of Chartered Accountants in England and Wales, Associate Member of the Institute of Chartered Accountants, Australia, Malaysian Institute of Accountants and The Chartered Institute of Taxation, Malaysia.
He graduated with Honors in Accounting and Finance from The London School of Economics and Political Science, University of London in 1973.
He does not have any family relationship with any Director and/or major stockholder of the Company.
Notes:-
Conflict of Interest/Potential Conflict of Interest
None of the Directors/Key Senior Management has any conflict of interest with the Group except as disclosed in the Notes to Audited Financial Statements. Details of the potential conflict of interest involving certain Director is disclosed in the Audit Committee Report in this Annual Report.
Convictions of Offences
None of the Directors/Key Senior Management has been convicted of any offences within the past 5 years. There was no public sanction or penalty imposed by the relevant regulatory bodies during the financial year.
NAME OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTUREAutomotive and Related Products | AAP | : Armstrong Auto Parts Sdn. Berhad |
ATS | : Armstrong Trading & Supplies Sdn. Bhd. | |
BSB | : Boon Siew (Borneo) Sendirian Berhad | |
HM | : Happy Motoring Co. Sdn. Bhd. | |
KAHA | : Kah Agency Sdn. Bhd. | |
Kah M | : Kah Motor Company Sdn. Berhad | |
KMS | : Kah Motor Singapore Pte. Ltd. | |
KBA | : Kah Bintang Auto Sdn. Bhd. | |
KC | : Kah Classic Auto Sdn. Bhd. | |
KMA | : KM Agency Sdn. Bhd. | |
KP | : Kah Power Products Pte. Ltd. | |
KPA | : Kah Progression Auto Sdn. Bhd. | |
Plastic Products | AI | : Armstrong Industries Sdn. Bhd. |
CC | : Compounding & Colouring Sdn. Bhd. | |
DF | : Dragon Frontier Sdn. Bhd. | |
KTSM | : Kasai Teck See (Malaysia) Sdn. Bhd. | |
LMold | : Lipro Mold Engineering Sdn. Bhd. | |
OKI | : PT Oriental Kyowa Industries | |
ONDE | : Oriental Nichinan Design Engineering Sdn. Bhd. | |
OSI | : Oriental San Industries Sdn. Bhd. | |
TSP | : Teck See Plastic Sdn. Bhd. | |
Hotels and Resorts | 30Ben | : 30 Bencoolen Pte. Ltd. |
KNZ | : KAH New Zealand Limited | |
KAust | : KAH Australia Pty. Limited | |
Bint | : Bayview International Sdn. Bhd. | |
BIH | : Bayview International Hotels Pte. Ltd. | |
FP | : Farquhar Properties Sdn. Bhd. | |
KIS | : Kah Investments Singapore Pte. Ltd. | |
KPCL | : Kingdom Properties Co. Limited | |
NL | : Northam Langkawi Sdn. Bhd. | |
SBHL | : Silver Beech Holdings Limited | |
SBIOM | : Silver Beech (IOM) Limited | |
SBO | : Silver Beech Operations UK Limited | |
SBL | : Suanplu Bhiman Limited | |
PSH | : Park Suanplu Holdings Co., Ltd. | |
Plantation | ORPO | : Oriental Rubber & Palm Oil Sdn. Berhad |
PT BSSP | : PT Bumi Sawit Sukses Pratama | |
PT DAM | : PT Dapo Agro Makmur | |
PT GBina | : PT Gunungsawit Binalestari | |
PT GML | : PT Gunung Maras Lestari | |
PT GSSL | : PT Gunung Sawit Selatan Lestari | |
PT PPA | : PT Pratama Palm Abadi | |
PT SAP | : PT Surya Agro Persada | |
PT SSL | : PT Sumatera Sawit Lestari | |
SPP | : Southern Perak Plantations Sdn. Berhad | |
NAME OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE
Investment Holding | Juta | : Jutajati Sdn. Bhd. |
KWE | : Kwong Wah Enterprise Sdn. Bhd. | |
NMEO | : North Malaya Engineers Overseas Sdn. Bhd. | |
OAM | : Oriental Asia (Mauritius) Pte. Ltd. | |
OAMS | : OAM Asia (Singapore) Pte. Ltd. | |
OBSM | : Oriental Boon Siew (Mauritius) Pte. Ltd. | |
OBSS | : OBS (Singapore) Pte. Ltd. | |
OC | : Syarikat Oriental Credit Berhad | |
OIM | : Oriental International (Mauritius) Pte. Ltd. | |
SOAM | : Selasih OAM Sdn. Bhd. | |
SP | : Selasih Permata Sdn. Bhd. | |
Investment Properties and Trading of Building Material Products | ACP | : Armstrong Cycle Parts (Sdn.) Berhad |
Ken | : Kenanga Mekar Sdn. Bhd. | |
LT | : Lipro Trading Sdn. Bhd. | |
NME | : North Malaya Engineers Trading Company Sdn. Bhd. | |
NMX | : North Malaya (Xiamen) Steel Co., Ltd. | |
OAA | : Oriental Asia (Aust.) Pty. Ltd. | |
OAMA | : OAM (Aust) Pty. Ltd. | |
OBS(M) | : Oriental Boon Siew (M) Sdn. Bhd. | |
OIM(A) | : OIM (Aust) Pty. Ltd. | |
OR | : Oriental Realty Sdn. Berhad | |
SU | : Simen Utara Sdn. Bhd. | |
UG | : Ultra Green Sdn. Bhd. | |
UMix | : Unique Mix (Penang) Sdn. Bhd. | |
UniMix | : Unique Mix Sdn. Bhd. | |
Healthcare | LBSE | : Loh Boon Siew Education Sdn. Bhd. |
MSM | : Melaka Straits Medical Centre Sdn. Bhd. | |
NILAM | : Nilam Healthcare Education Centre Sdn. Bhd. | |
OMS | : Oriental Medical (Segamat) Sdn. Bhd. | |
OMISH | : Oriental MISH Sdn. Bhd. | |
SLP | : Star Life Pharma Sdn. Bhd. | |
SJ | : Star Joy Sdn. Bhd. | |
Associates | BBDS | : Bukit Batok Driving Centre Ltd. |
BSFB | : BSFB Motorcycles Sdn. Bhd. | |
BSH | : Boon Siew Honda Sdn. Bhd. | |
BSKah | : B. S. Kah Pte. Ltd. | |
ChDev | : Chainferry Development Sdn. Berhad | |
HCM | : Hitachi Construction Machinery (Malaysia) Sdn. Bhd. | |
HTSM | : Hicom Teck See Manufacturing Malaysia Sdn. Bhd. | |
KST | : Kasai Teck See Co., Ltd. | |
PgA | : Penang Amusements Company Sdn. Berhad | |
PT KTS | : PT Kasai Teck See Indonesia | |
PWR | : Penang Wellesley Realty Sdn. Berhad | |
SSDC | : Singapore Safety Driving Centre Ltd. | |
Joint Venture | CAT | : Chongqing Armstrong Technology Co. Limited |
ORIENTAL HOLDINGS BERHAD
Automotive and Related Products
Plastic Products
Hotels and Resorts
Plantation
Investment Holding
Investment Properties and Trading of Building Material Products
Healthcare
Associates
Joint Venture
AAP | ATS |
BSB | HM |
KAHA | Kah M |
KMS | KBA |
KC | KMA |
KP | KPA |
AI | CC |
DF | KTSM |
LMold | OKI |
ONDE | OSI |
TSP |
Kah M | |
- Bayview Hotel Melaka | |
KNZ | |
| |
KAust | |
| |
SBHL | PSH |
SBIOM | SBL |
SBO | KPCL |
30Ben | Bint |
BIH | FP |
KIS | NL |
ORPO | PT BSSP |
PT DAM | PT GBina |
PT GML | PT GSSL |
PT PPA | PT SAP |
PT SSL | SPP |
Juta | KWE |
NMEO | OAM |
OAMS | OBSM |
OBSS | OC |
OIM | SP |
SOAM |
Ken | LT |
NMX | NME |
OAMA | OAA |
OBS (M) | OIM (A) |
OR | SU |
UG | UMix |
UniMix | ACP |
MSM | LBSE |
NILAM | OMS |
SJ | SLP |
OMISH |
BBDS | BSFB |
BSH | BSKah |
ChDev | HCM |
HTSM | KST |
PgA | PT KTS |
PWR | SSDC |
CAT
SUBSIDIARIES
ASSOCIATES
JOINT VENTURE
# Permanently closed from February 2023 onwards
CHAIRMAN'S STATEMENTOn behalf of the Board of Directors, I am pleased to present our Annual Report together with the Audited Financial Statements of Oriental Holdings Berhad ("the Company") and its subsidiaries ("the Group") for the financial year ended 31 December 2025.
FINANCIAL PERFORMANCE
Despite facing numerous obstacles, we managed to remain resilient by achieving higher revenue of RM5.7 billion in FY2025 compared to RM5.1 billion in FY2024, increased by RM0.6 billion or 11.8%. The Automotive and Plantation segments led the contributions with 58% and 21% of the consolidated revenue respectively.
While the Group recorded a profit before tax of RM435.4 million in FY2025 compared to RM772.4 million for the preceding year mainly attributed from lower operating profit from all business segments whilst in FY2024 included a gain on disposal of Bayview Eden Melbourne Hotel in Australia of RM209.8 million which was completed in March 2024.
The growth in revenue was driven by the collective efforts across both our Automotive and Plantation operations. Higher revenue for automotive segment on the back of an increase in the number of cars sold in FY2025 compared to FY2024, consistent rise in COE quotas in Singapore market and added contribution from our BYD models in Malaysia's market. Lower operating profit mainly attributed from intense competition from rival brands which has impacted on gross profit as well as rising in operational costs.
On the other hand, our Plantation segment has continued to scale up its operational capacity and leveraging on the favourable market conditions with higher average palm products price and resulted higher in profit margin. However, the segment's results were dampened by several non-cash losses such as foreign exchange losses on the weakening of IDR against the CHF and JPY denominated borrowings.
The Group's net tangible assets per stock dropped from RM12.11 in FY2024 to RM11.57 in FY2025, primarily due to the reduction in stockholders' funds resulting from lower translation reserve. This decline is mainly attributable to the strengthening of the Malaysian Ringgit against major currencies used for our foreign operations.
A detailed review of the performance and results of the Group's major segments is set forth under the Management Discussion and Analysis in this Annual Report.
RETURN TO STOCKHOLDERS AND VALUE CREATION (DIVIDEND)
We are pleased to have delivered a reliable return to our stockholders despite the changing and challenging environment. The Group's long-term approach to maintain financial strength, enables us to withstand from unexpected challenges. The Board has maintained the single tier final dividend of 20 sen per ordinary stock for this financial year and including with the first interim dividend of 20 sen per ordinary stock paid on 20 November 2025, this brings the total dividend for FY2025 to 40 sen per ordinary stock.
The Board will endeavor to pay a reasonable dividend each year and regularly reviews the distribution to stockholders, taking into account the Group's business strategies in order to strike a balance between the rewards with ongoing investments to drive future growth. The Board believes that providing a stable dividend return and maintaining robust internal reserves will provide the Group with a sustainable future. The total dividend payout to-date constitutes a reasonable payout ratio of more than 93% of the profit after tax after non-controlling interest.
CHAIRMAN'S STATEMENT
OUTLOOK AND FUTURE STRATEGIES
For FY2025, the Malaysian economy remained resilient, with GDP expanding by 5.2%, supported by strong domestic demand, a recovery in exports (particularly in the electrical and electronics sector) and sustained growth in the services sector.
Looking ahead, the Ministry of Finance has projected GDP growth of between 4.0% and 4.5% for 2026, reflecting a more measured outlook amid heightened global uncertainties. Malaysia's economic prospects may be influenced by evolving geoeconomic tensions, including the widening conflict in the Middle East and the lingering effects of the 2025 US tariffs. These developments could potentially exert pressure on global trade flows, energy prices and investor sentiment.
Against this backdrop, the Group remains focused on strengthening resilience and delivering sustainable long-term value. We will continue to monitor global and domestic developments closely while enhancing operational agility through innovation, supply chain optimisation, and diversification of our product base and export markets.
The Group remains firmly committed to strengthening our core business segments - Plantation, Automotive and Healthcare while pursuing high-quality, synergistic investment opportunities that support long-term growth and reinforce the Group's financial strength.
During 2025, we made steady progress in advancing our strategic priorities. In line with our strategy to expand the investment properties segment, the Group entered into a joint venture with Business Park Development Sdn. Bhd., a subsidiary of LBS Bina Group Berhad, to develop approximately 54.75 acres of land in Klebang, Melaka into a mixed commercial and residential development. This initiative will transform the land into a productive, income-generating asset and contribute to sustainable long-term returns.
In the hospitality segment, the Group obtained stockholders' approval on 13 February 2026 to acquire three hotels and an office tower located in Pulau Pinang and Langkawi. Upon completion, expected in the third quarter of 2026, the Group's hospitality portfolio in Malaysia will expand from one to four properties. The assets are planned for refurbishment to elevate them to international standards, strengthening the Group's recurring income base while enhancing long-term value for our stakeholders.
On the sustainability front, the Group remains committed to operating as a responsible and sustainable organisation that creates positive economic, environmental and social value. We will continue to strengthen our sustainability practices through responsible employment policies, meaningful community engagement and environmentally responsible operations, ensuring long-term value creation for our stakeholders.
ACKNOWLEDGEMENT AND APPRECIATION
On behalf of the Board, I would like to express my sincere appreciation to our stockholders, customers, longstanding business partners and regulatory authorities for their continued trust, confidence and support.
I would also like to extend my heartfelt gratitude to our management team and employees for their dedication, hard work and unwavering commitment. Their collective efforts remain instrumental in driving the Group's continued progress and success.
My deepest appreciation goes to my fellow Board members for their leadership, guidance and strategic oversight in steering the Group forward.
I would also like to warmly welcome Dato' Yaep Chin Yee, who was appointed as Alternate Director on 13 January 2026. We look forward to enhancing our strategic capabilities and benefitting from the experience and insights as we navigate future growth opportunities.
Dato' Ong Eng Bin will retire from his position as Independent Non-Executive Director at the forthcoming Annual General Meeting. The Board and I extend our sincere appreciation for his invaluable contributions and steadfast commitment throughout his tenure. We wish him all the best in his future endeavours.
Together, let's keep the flame and passion going towards our common goal, I am confident that we will continue to deliver long-term success and create enduring value of Oriental Group.
Datuk Loh Kian Chong Executive Chairman 16 April 2026
MANAGEMENT DISCUSSION AND ANALYSIS- AUTOMOTIVE SEGMENT
OVERVIEW OF THE GROUP'S BUSINESS AND OPERATIONS INCLUDING OBJECTIVES AND STRATEGIES
The Group's Automotive segment focuses on the distribution and retailing of Honda, Mitsubishi and BYD cars, spare parts and after-sales services. In 2024, the BYD marque was introduced, further diversifying the portfolio with a focus on electric vehicles ("EVs").
We are the exclusive distributor of Honda cars in Singapore and Brunei Darussalam. Kah Motor Company Sdn. Berhad ("Kah Motor Malaysia") and Boon Siew Borneo Sdn. Bhd. operate eight of the 92 Honda dealerships in Peninsular Malaysia and one in Sabah, comprising one 1S ("showroom") centre, one 2S ("service and body & paint") centre, three 3S ("showroom, service and spare parts") centres and five 4S ("showroom, service, spare parts and body & paint") centres. In Singapore, Kah Motor's branch operates two showrooms, six service centres and two body & paint centres, while in Brunei, Happy Motoring Co. Sdn. Bhd. operates one 3S centre and one 1S centre.
Kah Classic Auto Sdn. Bhd. ("KC") serves as an appointed dealer for Mitsubishi-branded vehicles, focusing on sales and servicing through its sole outlet at Jalan Ipoh, Kuala Lumpur.
Kah Progression Auto Sdn. Bhd. ("KPA") is the appointed dealer for BYD-branded vehicles, specialising in sales and servicing of EVs through its dedicated outlet at Setapak, Kuala Lumpur and Miri, Sarawak. In June 2025, BYD has awarded Denza Dealership to KPA. The administration office is based at Jalan Sungai Pinang while its temporary showroom is located in Gurney Paragon, Penang. The facility is currently undergoing renovation and expected to be ready on September 2026.
The Automotive Manufacturing sub-segment operates in three locations namely Alor Gajah, Mak Mandin and Seremban. The sub-segment collaborates strongly with technical partners to design and deliver custom-made, high-performance automotive parts to both Original Equipment Manufacturer ("OEM") and Replacement Equipment Manufacturer ("REM") markets.
Our segment's objective is to establish ourselves as the leading automobile distributor and retailer in the region by setting industry standards for customer satisfaction and cost efficiency. Through relentless dedication to innovation and productivity improvement, we provide top-notch products and services at competitive prices to our customers.
We are committed to increasing profitability and fortifying our presence in the automotive and manufacturing sectors to ensure long-term sustainability and growth. This allows us to consistently deliver high-quality products and services to our customers and stakeholders.
DISCUSSION AND ANALYSIS OF FINANCIAL RESULTS AND CONDITIONS
The Automotive segment recorded total revenue of RM3.3 billion in FY2025, representing a 10.0% increase from RM3.0 billion in FY2024. Retail operations in Singapore contributed 46.2% of total revenue, while the remaining 53.8% was derived from Malaysia and Brunei. The improved performance was mainly driven by stronger vehicle demand, supported by the segment's focus on its high-volume sales campaigns and hybrid lineup in a competitive market.
Retail operations in Singapore recorded a 33.9% increase in revenue, although operating profit declined by 17.3%. The higher revenue was mainly due to a 48.0% increase in the number of vehicles sold, supported by higher Certificate of Entitlement ("COE") quotas and additional hybrid offerings introduced in late 2025. However, profitability was affected by lower gross margins arising from elevated COE prices, compressed margins, and lower interest income following the fall in interest rate and unfavorable foreign exchange rate lead to translated to foreign exchange losses.
In Malaysia, revenue and operating profit for retail operations increased by RM112.8 million and RM1.5 million respectively. The higher revenue was mainly attributed to a 9.3% increase in vehicle sales, supported by the contribution from BYD models following the appointment of Kah Progression Auto Sdn. Bhd. as a dealer for BYD vehicles, with operations commencing in Q2FY2024, as well as targeted year-end sales campaigns. The modest improvement in operating profit was mainly due to intense competition from rival brands, particularly with the growing presence of EVs, which impacted gross margins alongside rising operational costs.
Sales of Honda vehicles increased by 7.7% overall, despite total Honda sales in Malaysia declining by 11.5%. Sales of Mitsubishi vehicles declined by 23.1% mainly due to lack of a full model line-up, despite the overall decline of 9.2% in Mitsubishi vehicle sales in Malaysia. Meanwhile, sales of BYD vehicles grew significantly by 469.0% as BYD marque was introduced by the Group since mid of 2024, compared with a 77.0% increase in total BYD vehicle sales in Malaysia.
MANAGEMENT DISCUSSION AND ANALYSIS
- AUTOMOTIVE SEGMENT
DISCUSSION AND ANALYSIS OF FINANCIAL RESULTS AND CONDITIONS (cont'd)
Summary of the financial results of the Automotive segment for the corresponding years:
Revenue
(RM million)
Operating Profit
(RM million)
1,546
1,154
1,753
1,738
44
62
185
223
42
52
1
3
Singapore Singapore
Malaysia Malaysia
Brunei Brunei
0 500
1,000
1,500
2,000
0 50 100
150
200
250
FY2025 FY2024 FY2025 FY2024Summary of the number of cars sold and service intake of the Automotive segment for the corresponding years:
Honda Brand
Number of Cars Sold by Countries Number of Service Intake by Countries
2,156
1,457
9,677
8,986
360
510
50,655
44,894
142,116
135,716
4,469
4,666
Singapore Singapore
Malaysia Malaysia
Brunei Brunei
0 2,000 4,000
6,000
8,000
10,000
0 50,000 100,000
150,000
FY2025 FY2024 FY2025 FY2024Attachments
- Original document
- Permalink
Disclaimer
Oriental Holdings Bhd published this content on April 30, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 30, 2026 at 10:24 UTC.
