Greetings and salutations. It is with immense pride that I address you today in my capacity as the Non- Executive Chairman of PCCS Group.

Since our inception in 1973, PCCS Group Berhad has grown from humble beginnings, when founders Mr. Chan Kok Hiang and Mr. Chan Choo Sing began garment production with just three used sewing machines. With integrity at the forefront, their passion and dedication propelled them through numerous hardships. Building such a Group from the ground up was no easy feat, especially for this father and son who started from scratch. They faced numerous challenges, including technological barriers when competing with the local garment industry, language and cultural barriers when dealing with international customers, and aggressive competition that lured away key personnel with high salaries. Despite these setbacks, they never gave up, continually re-strategizing and moving forward with resilience and determination.

Reflecting on their journey, it is remarkable how Mr. Chan Choo Sing's supportive network played a crucial role, especially during times of financial strain. Even in the most challenging times, when funding was insufficient, Mr. Chan's unique charm and integrity attracted a group of business partners willing to support him, including direct financial assistance. One of the most unexpected and challenging moments came when a fire forced them to rebuild and relocate the company. What worse is that the incident does not happen once. These incidents tested their resilience, but their determination to persevere and rebuild stronger than before highlights the indomitable spirit that has driven PCCS Group Berhad to its current success. Their story is a testament to the power of integrity, hard work, and the relentless pursuit of excellence, serving as an inspiration to entrepreneurs and business leaders alike.

Today, PCCS Group Berhad has built a solid track record for delivering outstanding products and exceptional service to international fashion labels, earning us a listing on the Kuala Lumpur Stock Exchange. Our persistent dedication to excellence and innovation has carried us into a wide range of apparel-related businesses, including embroidery services, labeling, fabric knitting, plastic packaging, and silk screen elastic webbing. In 2005, we entered the Chinese market, followed by Cambodia in 2007, where we now employ over 3,000 people. With over 50 years of experience, we provide high-quality, cost-effective, one-stop services from design to packing, ensuring customer satisfaction through our cohesive and dynamic teams.

Our apparel business, the largest segment of PCCS, encompasses both garment manufacturing and printing and embroidery services. We have established our operations in China and Cambodia under the names PCCS Garments (Suzhou) Ltd. and PCCS Garments (Shandong) Ltd. in China, and Wan He Da Manufacturing Co. Ltd., Beauty Silk Screen Ltd., and Perfect Seamless Garment (Cambodia) Ltd. in Cambodia. Over the years, we have produced garments for numerous internationally renowned brands, with Puma, Decathlon, Li-Ning, and Carhartt being our major partners. Our diverse range of products includes sports attire, tracksuits, winter clothing, and casual wear, catering to the varying market needs of adults and children. Our high-capacity factories in Cambodia and Suzhou and Shandong, China, manufacture a wide array of high-quality products to meet the demands of different global regions, including Asia, Africa, Europe, and the USA. In addition to exporting garments, our Chinese factories also supply apparel to satisfy the growing demands of local markets. Through collaboration with Beauty Silk Screen Ltd. and Perfect Seamless Garment (Cambodia) Ltd., which specialize in printing and embroidery, we have elevated our apparel business to new heights. These companies have invested in high-cost machinery, earning a strong reputation in the industry. We are also expanding our apparel business to Vietnam, with plans to start operations in 2025. With over 50 years of business experience, we are poised for further development and growth in the future.

To diversify our business portfolio, we launched our first venture in the medical field in 2020. Driven by the belief that healthcare should always be accessible and affordable for everyone, we are dedicated to commercializing impactful medical devices and healthcare technologies within the Southeast Asia. We established two companies, La Prima Medtech Sdn Bhd in Malaysia and La Prima Medicare Pte Ltd in Singapore, to spearhead this initiative. Currently, La Prima is a medical technology company specializing in Interventional Cardiology, with plans to manufacture medical devices in our pipeline. Cardiovascular diseases (CVDs) are a major health concern in Southeast Asia. The increasing disease burden and heightened awareness have generated a demand for preventive measures, early detection tools, and advanced treatment options. To address this need, we establish distribution partnerships with Shanghai Shenqi Medical Technology, Medoo Medical and Sahajanand Medical Technologies (SMT) enabling us to provide cutting-edge cardiology products, including coronary stents and balloon catheters, across Malaysia, Indonesia, Thailand, Philippines, and Vietnam. In addition to our distributorship in cardiology, we are currently engaged in R&D to develop a groundbreaking medical device for heart failure, aiming to replace the low-efficacy treatments currently available. In 2023, we produced a prototype of the device for our initial phase, achieving promising results. We now intend to invest additional funds to advance this project, with the goal of launching the product in 2026. Our target markets extend beyond Southeast Asia to include China and potentially the FDA-regulated regions. We are optimistic that the successful development of this device will significantly reduce the high rates of heart failure in these populations by providing a more effective treatment option.

Not merely that, in 2021, we expanded our horizons further by establishing Southern Auto Capital Sdn. Bhd., hereinafter to be known as "SAC." SAC aims to offer comprehensive financing services for used vehicles, personal loans, and customized financial solutions to individuals and businesses in Malaysia. Our mission is providing fast and easy financing.  Our ambitious vision is Help 1 million Malaysians with fast and easy financing.  The company is committed to delivering services with utmost efficiency, authenticity, and customer-centricity in our business.

For over five decades, PCCS Group has been involved in manufacturing, trade, services, and investment activities. Our corporate culture is built on the pillars of "Passion, Care Continuity," and Sustainability," guiding us from factor-driven development towards value creation and from processing manufacturing towards independent innovation. Our concise mission and vision statement is: "Make investments create a better world" while providing a great platform for happy stakeholders." As we look towards the future, we remain dedicated to upholding our core principles while striving for continuous progress. We are passionate about generating value through caring for our stakeholders' interests while ensuring the long-term sustainability of our businesses. Together, we will continue building a better society and fostering an environment where all stakeholders can thrive.

We sincerely appreciate your ongoing trust in PCCS Group's endeavours as well as your unwavering support. Let us move forward with determination and unity as we seize the opportunities that lie ahead.

Thank you.

Dated: June 26th , 2024