Business Overview

Company No. 955915-M Company No. 955915-M 5. INFORMATION ON OUR GROUP 5.1 OUR GROUP Overview OCK was incorporated under the Act on 5 August 2011 as a private limited company under the name OCK Group Sdn Bhd. We subsequently converted into a public limited company and assumed our present name on II August 2011 to facilitate our listing on the ACE Market. Our Group structure is as follows: OCK ~ ~ 100.0% OCK Setia ~ti. I :t100.0% !Sl.O% !S2.0% ! 100.0% !61.0% 1100.0% , FortressSteadcomDelicom •
OCK IEI Power } Firatel 11~
-i !, Singapore M&E Ii!~ .~( …..l!} ~~y :t:.ii-‘f..~~ ,~~;»~~ “”””‘~~”””””” !lOO,O% Fortress ~ ~

 

Malaysia ~.;.~,~ .,-””’. :~ Our principal activities are as follows: Company Princioal Activities OCK Investment holding
Telecommunications Network Services OCK Setia Provision oftumkey telecommunications network services
Delicom Provision of telecommunications network services focusing on network deployment services Steadcom Provision of telecommunications network services primarily focusing on network planning, design and optimisation Green Energy and Power Solutions EI Power Provision of green energy and power solutions
Telecommunications and Network Seeurity Products and Materials Fortress Singapore Distribution and installation of network security products and solutions for enterprise customers and provision of technical support Fortress Malaysia Distribution and installation of network security products and solutions for enterprise customers and provision of technical suPPOrt Firatel Trading of telecommunications network equipment and materials M&E En gineering Services OCKM&E Provision of mechanical and electrical engineering services
l Fixed  Mobile  Carriersl  Operators  Telecommunications  International Gateway •  Technology OEMs  Network services  Market  Telecommunications  End-Users  Others
I Company No. 955915-M 5. INFORM AnON ON OUR GROUP (Conl’d) Established in 2000, OCK Group is principally involved in the provision of telecommunications network services. Under the context of the information, communications and technology (leT) industry, telecommunications network services can be referred as activities of llesigning, planning, building, supporting and maintaining as well as enhancing interconnected telecommunications systems. Market participants of the telecommunications network services market provide various services including network planning, design and oplimisation. network deployment. network operations and maintenance, infrastructure management, energy management and other professional services. The key end-users for telecommunications network services market mainly comprise leT companies thaI include telecommunications carriers or operators as well as telecommunications technology original equipment manufacturers (“OEMs”). The Elld-users ojthe Telecommunicatiolls Network Services Market Network Infrastructure

A telecommunications network services market is essentially divided into six (6) main segments as depicted below: The Maill Segments oj Telecommullicatiolls Network Services
Telecommunications Network Servites -, ­

-1-.J—–J·Cl–,–1
Nelwork Network
Pl3nning. Network Energy Infrastruetufl! ProfessionalOperations &Design & I Dt!ploym”,nt Management Management ServicesM3intenancaOptlmilalion -! -‘—-~–_.. “‘-‘-‘–­(Source: IMR Report) Company No. 955915-M 5. INFORMAnON ON OUR GROUP (Conl’d) We are able to provide turnkey solutions for our telecommunications clientele. Our product/service offering covers services from the six (6) segments of the telecommunications network services market as described below: I) Network planning, design and oplimisolion This segment primarily revolves around the proVlslOn oj telecommunications network planning, design and optimisation services particularly on fIXed and core network engineering design in the wired and wireless domain for customers. Under this segment. aI/the available options for a potential network involving areas such as network technologies, network migration and capacity expansion are explored and incorporated infO the planning document. Hence, this segment is considered an important precursor to a desired economical lelecommunicolions network with oplimol quolily of service thai can help 10 fulfil all Ihe requirements in terms ofmeeting current andfuture services, capacity and technology. 2) Network deploymenl This segment primarily revolves around the roll-out of the earlier planned telecommunications network which can include civil, mechanical and electrical infrastructure (passive) as well as telecommunications network equipment (active) for wired and wireless domains. A successful network deployment enables customers to roll-out their telecommunications networks at a shorter period oftime to market. 3) Network operations and maintenance The provision of network operations and maintenance services starts once the planned network is successfully deployed in order to ensure its continuity and keep the operational expenses under control. 4) Energy management This segment primarily revolves around efforts to improve the level of energy efficiency and optimise energy usage in order to reduce energy costs without or with minimal capital­intensive investment. 5) Infrastructure management This segment primarily revolves around efforts to optimise the active and passive network infrastructure for better utilisation of capacities. Examples of activities performed under the infrastructure management segment are amongst others disaster recovery management (policies and procedures to recover critical infrastructure to a functioning state following natural manmade disasters), documentation management and project management. 6) Professional services This segment revolves primarily on the project planning and management services, the provision of skilled personnel from across all the related disciplines to provide specific or end-to-endexpertise tothecustomers, andtheprovision ofotherlogisticsservicesforprojecr purposes. The dura/ion fol’ these proftssional services can be over a short, medium or long term basis depending on customers’ requirements. (Source: IMR Repon) Our History OCK’s history began with the incorporation ofOCK Setia Engineering Services, a sole proprietorship by our Group’s Managing Director, Ooi Chin Koon, as a provider of mechanical and electrical engineering services in 1999. Recognising the need to expand the business, Mr. Ooi incorporated Delicom on 10 February 2000 to be principally involved in providing telecommunications network Company No. 955915-M 5. INFORMATION ON OUR GROUP (Cont’d) services. As there has been a rise in mobile telecommunications and internet services, the demand for network infrastructure and telecommunications network services increased correspondingly. Looking to seize the growing opportunities within the telecommunications industry, we established OCK Setia to increase our business in providing telecommunications network services. In 2007, Abdul Halim Bin Abdul Hamid acquired his interests in OCK Setia and Delicom. Over the years, we gradually began expanding our offering to include a range of telecommunications network services, including network operation and maintenance, network planning, design and optimisation, energy and infrastructure management. As our range of telecommunications network service capabilities increased, our clientele base increased hand in hand. In 2004, we were registered as approved service providers (“ASPs”) with two telecommunications technology providers, Ericsson and Aleatel-Lucent, as they only invite ASP holders for tender participations in their projects. We were engaged in providing network deployment services for local mobile telecommunications operators together with these partners. In 2005, we were directly awarded a network deployment project by DiGL Since then, we have continued to ‘thrive in the telecommunications network services market. We have been, directly as well as through our partnership with technology providers, awarded various telecommunications network service projects for major telecommunications operators in Malaysia. In 2006, we were awarded a network deployment contract by U Mobile for the central, northern and southern regions. We also began trading telecommunications network equipment and materials as a synergistic activity to our principal telecommunications network services business. In 2007, we were awarded several contracts by Celeom and Maxis. These include network deployment and deployment of IBe networks. Since then, we have continued to receive various telecommunications network services projects with technology providers such as Huawei and ZTE in addition to Aleatel-Lucent and Ericsson. Our capabilities also extend across various telecommunications technologies, including newer ones such as WiMAX. In 2008, we were awarded a contract by P I to provide network deployment, operation and maintenance services pertaining to its wireless broadband network. We also received our first radio microwave and equipment deployment project via ZTE in 2009. In 2010, YTL contracted us to provide them with WiMAX network deployment services for their YES 4G WiMAX service. Huawei also awarded us a network deployment project for Maxis’ NGBB project in 2010. In 2010, we also ventured into the provision of green energy and power solutions through EI Power which have since seen us implementing several pilot solar generation systems for commercial and residential use. The application of green energy into thc telecommunications industry is pertinent for the industry to manage and/or reduced operating cost in the future. Solar energy will be an alternative source to be applied to aircraft warning lighting in tower premises and power supply for base telecommunications stations. In 20]], we were awarded the necessary licenses to allow us to be owners and to operate telecommunications facilities. We are currently in the midst of planning for the implementation of our NFP plans. Please refer to Section 6.16.1 (ii) of this Prospectus for further information on our Group’s NFP plans. We are ISO 9001 :2008 compliant. We first obtained ISO 900 I:2000 compliance in 2008 in the area of ‘supply and insrallation of telecommunications, mechanical and elecrrical system and provision of related civil engineering works’ and subsequently updated to ISO 9001:2008 compliance in 2010·. In recognition of our service quality, we have been conferred numerous awards, including the Golden Bull Award, Core Best Partner for South Pacific Region by Huawei and the Best Partner Awards by ZTE and Huawei. Over the years, we have also diversified our business into the trading of telecommunications network equipment and materials, enterprise nelwork security solutions and provision of green energy and power solutions. 31 Company No. 955915-M 5. INFORMATION ON OUR GROUP (Cont’d) Note: .. The update in the ISO standards 10 ISO 900/:2008 in 2010 involves clarifications to the existing requirements of ISO 900/:2000 which introduces changes intended 10 imprave consistency with the environmental management system slandard, ISO /400/:2004.
5.2 SHARE CAPITAL The present authorised share capital of our Company is RM50,000,000 compnsmg 500,000,000 ordinary shares of RMO.I 0 each, of which RM 18,400,000 comprising 184,000,000 Shares are issued and credited as fully paid-up, Upon completion of our Public Issue, our issued and paid-up share capital will be increased to RM25,900,000 comprising 259,000,000 Shares. The changes in our issued and paid-up share capital since our incorporation are as follows: Date of  No. of Shares  Cumulative Total  .Allotment  Allotted  Par Value  .Co.nsideration·  RM  RM  .  05.08.2011  20  0.10  Subscribers’ shares  2  08.06.2012  183,999,980  0.10  Shares issued as consideration for  18,400,000  the Acquisition
As at the LPD, there are no outstanding warrants, options, convertible securities or uncalled capital in our Company. In addition, there are no discounts, special tenns or instalment payment tenns applicable to the payment of the consideration for the allotment.
5.3 SUBSIDIARY COMPANIES 5.3.1 OCK Setia (i) History and Business OCK Setia was incorporated on 14 October 2000 in Malaysia as a private limited company under the Act and began its operations in the same year. 1t is principally involved in provision oftumkey telecommunications network services. (ii) Share Capital OCK Setia’s present authorised share capital is RM5,000,000 comprising 5,000,000 ordinary shares of RM 1.00 each, of which RM2,000,002 comprising 2,000,002 ordinary shares of RMI.OO each are issued and credited as fully paid-up. The changes in the issued and paid-up share capital of OCK Setia since its incorporation are as follows: Date of  No. of Ordinary  Cumulative  Allotment  Shares Allotted  Par Value  Consideration  Total  RM  RM  14.] 0.2000  2  Subscribers’ shares  2  25.05.2001  299,998  Cash  300,000  15.04.2003  400,000  Cash  700,000  16.04.2004  300,000  Cash  1,000,000
Company No. 955915-M 5. INFORMAnON ON OUR GROUP (Com’d) Date of Allotment 14.12.2007 31.05.2011  No. of Ordinary Shares Allotted 1,000,000 2  Par Value RM  Consideration Cash Cash  Cumulative Total “RM 2,000,000 2,000,002
As at the date of this Prospectus, there are no outslanding warrants, options, convertible securities or uncalled capital in OCK Setia. In addition, there are no discounts, special terms or instalment payment terms applicable to lhe payment ofthe consideralion for the allotment. (iii) Shareholders and Directors As at the date of this Prospectus, OCK Setia is a wholly-owned subsidiary company of OCK and ilS Directors are Ooi Chin Khoon, Abdul Halim Bin Abdul Hamid, Lee Jack Son and Tan Ah Bee @ Tan Ah Hai. (iv) Subsidiary and Associated Companies As at the date of this Prospectus, OCK Selia has seven (7) subsidiary companies, namely Delicom, EI Power, Steadcom, Fortress Singapore, Fortress Malaysia, Firatel and OCK M&E.
5.3.2 Delicom (i) History and Business Delicom was incorporated on 10 February 2000 in Malaysia as a private limited company under the Act and began its operations in the same year. Delicom is principally involved in provision of telecommunications network services focusing on network deployment services. (ii) Share Capital DeJicom’s present authorised share capital is RMI,OOO,OOO comprising 1,000,000 ordinary shares of RM 1.00 each, of which RM300,000 comprising 300,000 ordinary shares ofRM 1.00 each are issued and credited as fully paid-up. The changes in the issued and paid-up share capital of Delicom since its incorporation are as follows: Date of  No. of Ordinary  Cumulative  Allotment  Shares Allotted  Par Value  Consideration  Total  RM  RM  10.02.2000  2  Subscribers’ shares  2  02.01.2001  8  Cash  ]0  17.09.2001  299,990  Cash  300,000
As at the date of this Prospectus, there are no outstanding warrants, options, convertible securities or uncalled capital in Delicom. In addition, there are no discounts, special terms or instalment payment terms applicable to the payment ofthe consideration for the allotment. (iii) Shareholders and Directors As at the date of this Prospectus, Delicom is a wholly-owned subsidiary company of OCK Setia and its Directors are Abdul Halim Bin Abdul Hamid and Ooi Chin Khoon. 33 Company No. 955915-M 5. INFORMATION ON OUR GROUP (Conl’d) (iv) Subsidiary and Associated Companies As at the date of this Prospectus, Delicom does not have any subsidiary or associated company.
5.3.3 EI Power (i) History and Business El Power was incorporated on 3 September 20 lOin Malaysia as a private limited company under the Act and began its operations in the same year. It is principally involved in the provision of green energy and power solutions. (ii) Share Capital El Power’s present authorised share capital is RM500,000 comprising 500,000 ordinary shares of RMl.00 each, of which RM400,000 comprising 400,000 ordinary shares of RMl.OO each are issued and credited as fully paid-up. The changes in the issued and paid-up share capital of EI Power since its incorporation are as follows: …Date of No. of Ordinary Cumuhitive Allotment Shares Allotted Par Value Consideration Total RM RM 03.09.2010 100 Subscribers’ shares 100 199,900 Cash 200,000128.10.2010 02.12.2010 200,000 Cash 400,000 I As at the date of this Prospectus, there are nO outstanding warrants. options, convertible securities or uncalled capital in EI Power. In addition, there are no discounts, special terms or instalment payment terms applicable to the payment of the consideration for the allotment. (iii) Shareholders and Directors As at the date of this Prospectus, El Power is a 52.00%-owned subsidiary company of OCK Setia and the remaining 48.00% of the equity interest in El Power is held by Ho Chun Fay and Chang Wan Siong. The Directors of El Power are Chang Wan Siong, Ho Chun Fay and Ooi Chin Khoon. (iv) Subsidiary and Associaled Companies As at the date of this Prospectus, El Power does not have any subsidiary or associated company.
5.3.4 Stc.dcom (i) History and Business Steadcom was incorporated on 12 March 2010 in Malaysia as a private limited company under lhe Act and began its operations in the same year. It is principally involved in provision of telecommunications network services primarily focusing on network planning, design and optimisation. Company No. 955915-M 5. INFORMAnON ON OUR GROUP (Conl’d) (ii) Share Capital Steadcom’s present authorised share capital is RM500,000 compnsmg 500,000 ordinary shares ofRMI.OO each, of which RM200,000 comprising 200,000 ordinary shares ofRMI.OO each are issued and credited as fully paid-up. The changes in the issued and paid-up share capital of Steadcom since its incorporation are as follows: .Dateof: .. ·:~.No. Of.Ordinary .. ,. .. ‘.. Ciltri-lil~dve Allotment ‘Sbares:AIIoued . Par Value.. Consideration Total ··.RM·.’.’ .··.·RM
12.03.2010 2 Subscribers’ shares 10.11.2010 199,998 Cash 200,000 As at the date of this Prospectus, there are no outstanding warrants, options, convertible securities or uncalled capital in Steadcom. In addition, there are no discounts, special terms or instalment payment terms applicable to the payment of the consideration for the allotment. (iii) Shareholders and Directors As at the date of this Prospectus, Steadcom is a 51.00%-owned subsidiary company of OCK Setia and the remaining 49.00% of the equity interest in Steadcom is held by Teh Teong Poh and Ang Bee Gim. The Directors of Steadcom are Ang Bee Gim, Low Hock Keong, Ooi Chin Khoon and Teh Teong Poh. (iv) Subsidiary and Associated Companies As at the date of this Prospectus, Steadcom does not have any subsidiary or associated company. 5.3.5 Fortress Singapore (i) History and Business Fotress Singapore was incorporated and domiciled on 7 March 20 II in Singapore as a private limited company under the Singapore’s Company Act, Chapter 50 and began its operations in the same year. It is principally involved in the distribution and installation of network security products and solutions for enterprise customers and provision of technical support. (ii) Share Capital As at the date of this Prospectus, the issued and paid-up share capital of Fortress Singapore is SGD2 comprising 10 ordinary shares. The changes in the issued and paid-up share capital of Fortress Singapore since its incorporation are as follows: Date of  No. of Ordinary  Cumulative  Allotment  Sbares Allotted  Par Value  Consideration  Total  SGD  SGD

07.03.2011 10 • Cash Company No. 955915-M I 5. INFORMATION ON OUR GROUP (Conl’d) Note: • Not applicable. The concept of par value and authorised capital was abolished in Singapore since 31 January 2006. As at lhe date of this Prospectus, there are no outstanding warrants, options, convertible securities or uncalled capital in Fortress Singapore. ]n addition, there are no discounts, special tenns or instalment payment tenns applicable to the payment of the consideration for the allotment. (iii) Shareholders and Directors As at the date of this Prospectus, Fortress Singapore is a wholly-owned subsidiary company of OCK Setia and its Directors are Ooi Chin Kboon and Ma Yee Choong. (iv) Subsidiary and Associated Companies As at the date of this Prospectus, Fortress Singapore has one (I) wholly-owned subsidiary company namely Fortress Malaysia.

5.3.6 Fortress Malaysia (i) History and Business Fortress Malaysia was incorporated on 23 June 2011 in Malaysia as a private limited company under the Act. It is principally involved in the distribution and installation of network security products and solutions for enterprise customers and provision of technical support. (ii) Share Capital Fortress Malaysia’s present authorised share capital is RMIOO,OOO compnsmg 100,000 ordinary shares of RMl.OO each, of which RM2 comprising 2 ordinary shares of RM 1.00 each are issued and credited as fully paid-up. The changes in the issued and paid-up share capital of Fortress Malaysia since its incorporation are as follows: Date of  No. of Ordinary  Cumulative  Allotment  Shares Allotted  Par Value  Consideration·  Total  RM  RM

23.06.2011 2 Subscribers’ shares As at the date of this Prospectus, there are no outstanding warrants, options, convertible securities or uncalled capital in Fortress Malaysia. In addition, there are no discounts, special terms or instalment payment terms applicable to the payment of the consideration for the allotment. (iii) Shareholders and Directors As at the date of this Prospectus, Fortress Malaysia is a wholly-owned subsidiary company of Fortress Singapore and its Directors are Ooi Chin Khoon and Low Hock Keong. (iv) Subsidiary and Associated Companies As at the date of [his Prospectus, Fortress Malaysia does not have any subsidiary or associated company. Company No. 955915-M I 5. INFORMATION ON OUR GROUP (Conl’d)
5.3.7 Firatel (i) History and Business
Firatel was incorporated on 4 October 2006 in Malaysia as private limited company under the Act and began its operations in the same year. It is principally involved in the trading of telecommunications network equipment and materials.
(ii) Share Capital

Firatel’s present authorised share capital is RMI 00,000 comprising 100,000 ordinary shares of RMI.OO each and are issued and credited as fully paid-up. The changes in the issued and paid-up share capital of Firatel since its incorporation are as follows:
04.10.2006 2 Subscribers’ shares 16.01.2008 99,998 Cash 100,000 As at the date of this Prospectus, there are no outstanding warrants, options, convertible securities or uncalled capital in Firate!. In addition, there are no discounts, special terms or instalment payment terms applicable to the payment ofthe consideration for the allotment. (iii) Shareholders and Directors As at the date ofthis Prospectus, Firatel is a 61.00%-owned subsidiary company of OCK Setia and the remaining 39.00% of the equity interest in Firatel is held by Lee Kong Jin. The Directors ofFiratel are Lee Kong Jin, Low Hock Keong and Ooi Chin Khoon. (iv) Subsidiary and Associated Companies As at the date ofthis Prospectus, Firatel does not have any subsidiary or associated company. 5.3.8 OCK M&E (i) History and Business
OCK M&E was incorporated in Malaysia on 6 November 2002 in Malaysia as a private limited company under the Act and began its operations in the sarne year. It is principally involved in the provision of mechanical and electrical engineering services.
(ii) Share Capital

OCK M&E’s present authorised share capital is RMl,OOO,OOO comprising 1,000,000 ordinary shares ofRM1.00 each, of which RM600,000 comprising 600,000 ordinary shares ofRM1.00 each are issued and credited as fully paid-up. The changes in the issued and paid-up share capital of OCK M&E since its incorporation are as follows: “. ··cum-ilJlI#ve .Total ::••…..•…,.’…·.~;’~~:~~~.~11~~~ PatNalue, ;Cohsiderationi,;.:,1.~~feh.:,•.•..r,.·.’.i.•….·.·. ‘. “…. .;’i’ RMC’ RNt
06.11.2002 100 Cash Company No. 955915-M I 5. INFORMATION ON OUR GROUP (Conl’d)
As at the date of this Prospectus, there are no outstanding warrants, options, convertible securities or uncalled capital in OCK M&E. In addition, there are no discounts, speciallenns or instalment payment tenns applicable to the payment of the consideration for the allotment. (iii) Shareholders and Directors As at the date of this Prospectus, OCK M&E is a wholly-owned subsidiary company of OCK Setia and its Directors are Ooi Chin Khoon and Chong Wai Yew. (iv) Subsidiary and Associated Companies As at the date of this Prospectus, OCK M&E does not have any subsidiary or associated company.

5.4 LISTING SCHEME In conjunction with and as an integral part of our Listing, we proposed the Listing Scheme which was approved by Bursa Securities on 3I May 2012. The Listing Scheme involves the following: 5.4.1 Acquisition OCK acquired the entire equity interest in OCK Setia of RM2,000,002 comprising 2,000,002 ordinary shares of RMI.OO each for a total purchase consideration of RMI8,399,998 satisfied entirely by the issuance ofl83,999,980 OCK Shares at par. Pursuant to the conditional share sale agreement dated 3I October 20 II, OCK acquired the entire equity interest in OCK Setia from the existing shareholders of OCK Selia as fullows:
Aliran Annada  1,800  90.00  16,559  165,599  Low Hock Keong  80  4.00  736  7,360  Chang Tan Chin  60  3.00  552  5,520  Chong Wai Yew  60  3.00  552  5,520  2,000  100.00  18,399  183,999
The purchase consideration of RMI8,399,998 was anived at on a willing buyer-willing seller basis based on the estimated NA as at31 December 201 I ofRMI8.40· million. The profonna audited NA of OCK Setia as at 30 June 201] is RMI5.13 ntillion. The purchase consideration represents a premium of 21.61% over the profonna audited NA of OCK Setia as at 30 June 2011. The Acquisition was completed on 8 June 2012. 38
Company No. 955915-M I 5. INFORMATION ON OUR GROUP (Conl’d) 5.5 CAPITAL EXPENDITURE AND DIVESTITURES Save as disclosed below, our Company has not incurred any other material capital expenditures and divestitures (including interests in other companies), since the beginning of our Group’s last four (4) FYE 31 December 2008 to 2011 and up to the LPD: Material Capital Expenditures
Leasehold land and building Furniture and fittings(3) Computers and software (3) Office equipment (3) Motor vehicles (3) Renovation (3) Test equipment (3) Factory equipment (3) Tools and equipment (3) Capital work-in-progress  5,270(1) 28 538 70 783 6 80  66 88 213 28  44 263 241 782 56 268 16 3 1,545(2)  1,545 31 250 23 460 1,096 160 (1,545)  5 58 25 3 173 I  Total expenditures  6,775  395  3,218  2,020  265  ·Divestitures

Leasehold land and building  Furniture and fittings  Computers and software  Office equipment  Motor vehicles  Renovation  Test equipment  Factory equipment  Tools and equipment  Capital work-in-progress  In subsidiary companies:  Firatel  (29)  OCK Properties  (350)  Total expenditures  (5)  29)  26  (839
Notes: (1) Capital expenditure was incurred/or an acquisition ola single (1) storey delachedwarehouse annexed with a three (3) storey office building with a built up of35.454 sq. ft. localed at Shah Alam by OCK Setia which is currently rented out to a thirdparty. (2) Capital work in progress was incurred/or an acquisition ofone and a halfstorey (l Y1) semi-detachedfactory with a built up of4.043 sqft located at Puchong by OCK Selia which was pending completion ofacquisition as at 31 December 2010. This acquisition was completed on JOJune 2011.
(3) Capital expenditure required/or our daily operations.

There are no divestitures currently in progress, within or outside Malaysia. For information relating to material capital commitments, please refer to Section 12.3.4 ofthis Prospectus. 40 Company No. 955915-M 5. INFORMATION ON OUR GROUP (Cont’d)
5.6 KEY ACHIEVEMENTS AND MILESTONES 5.6.1 Key Milestones Our key milestones since inception are as follows:
2004 • Registered as ASPs with Ericsson and Alcatel-Lucent 2005 • Awarded a network deployment contract by DiGi 2006 • Awarded a turnkey network deployment contract by U Mobile 2007 • Awarded an mc contract by Maxis • Awarded a field maintenance contract by NSN and Alcatel-Lucent to maintain Celcom’s 3G radio base station and radio microwave equipment • Awarded a managed service contract by Ericsson to maintain U Mobile’s civil, M&E infrastructure, 3G radio base station and radio microwave equipment
• Awarded Celcom’s 3G swap contract by Alcatel-Lucent involving the replacement ofold generation equipment with new 3G equipment

2008 • Awarded a WiMAX network deployment contract by Alcatel-Lucent • Awarded a radio and microwave equipment installation, testing and commissioning contract by ZTE • Awarded a installation, testing and commissioning of radio microwave equipment and project management contract by NEC for DiGi 2009 • Awarded a turnkey network deployment contract by Huawei, Ericsson and Alcatel-Lucent • Awarded a contract for installation, testing and commissioning for optical SDH and DWDM equipment by Alcatel-Lucent
• Awarded a contract for installation, testing and commissioning of WiMAX equipment by ZTE

2010 • Awarded a WiMAX network deployment contract by YTL • Awarded an implementation contract by Huawei for Maxis’s NGBB
• Awarded a radio network optimisation contract by Alcatel-Lucent to optimise Celcom’s 3G network.

2011 • Awarded a turnkey WiMAX network deployment contract by Millercom Sdn Bhd, a wholly own subsidiary ofPI • Awarded a radio network optimisation contract by Huawei to optimise DiGi’s network
• Awarded a radio network optimisation contract by Huawei to optimise Celcom and U Mobile’s network
• Awarded a radio equipment modernisation contract by Huawei to modernise Celcom’s 3G network
• Awarded a radio equipment swap contract by ZTE to upgrade DiGi’s old equipment
• Awarded a microwave links and related equipment installation services contract by SlAB.
• Awarded a design, construction, implementation and consolidation of sites contract by DiGi and Celcom.
• Awarded necessary licenses from MCMC to be a NFP

Company No. 955915-M I 5. INFORMATION ON OUR GROUP (Cont’d) 5.6.2 List of Accreditations/Awards In addition, our Group has also achieved/obtained the following accreditations/awards:
2007  Golden Bull Award (100 Outstanding 5MBs)  2008  ISO 9001:2000  2009  The Core Best Partner for South Pacific Region  2009  The Best Partner Award  2009  Golden Bull Award (100 Outstanding SMEs)  2010  The Best Partner Award  2010  The Best Partner Award  2010  Golden Bull Award (100 Outstanding 5MBs)  2010  ISO 9001 :2008  2011  Golden Bull Award (100 Outstanding 5MBs)
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I Company No. 9559l5-M I 6. BUSINESS OVERVIEW OUR BUSINESS We currently operate on the following business model:
Business Focus
Principal Activities
Target Customers
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maintenanc~ ‘Infrastructuremanagement; ‘Energymanagement; and •Professiona.! services. Good WorkingRelationshipsiYithTethnology Providers Enahles us t.o hid for projects with operatorsop strong footingaswe havegood technoloID’support
Competitive ~=========== Strengths EstablishedMarketReputation Project track record with major telecommunications operators and technology providers over 10 years of operation, Four time Golden Bull (100 Outstanding SMEs) Award Winner and materials services
,———–,
Established Turnkey Solutions Provider Flillrange of serVices from network planningto deployment and management. Involved wi~1 various technologies, GSM, 3G, WiMAX. Comprehensive solutionsto expand, upgmde, consolidateand manage network infrastructure.
Company No. 955915-M 6. BUSINESS OVERVIEW (Conl’d) 6.2 PRINCIPAL ACTIVITIES Our Group’s principal activities can be catagorised into four (4) segments as follows:
I
~ ! !! Trading of Green energy andTelecommunications M&E telecommunications power solutions engineering and network security network services services products and materials (L fL
6.2.1 Telecommunications Network Services In providing telecommunications network services, we are able to provide turnkey solutions for our telecommunications clientele comprising mainly of telecommunications operators and telecommunications technology providers, encompassing network planning, design and optimisation, network deployment, network operations and maintenance and infrastructure management, energy management and professional services. We provide our services to telecommunications operators and teclmology providers, although telecommunications operators remains as the end-user. Telecommunications operators need to develop and maintain infrastructure in order to function. In building, expanding and maintaining network infrastructure equipment from different teclmology providers can be used. The infrastructure equipment needs to be built and commissioned, for which our services are required. In cases where operators deals directly with a technology provider, the technology provider engages us to design, build and maintain infrastructure equipment for the telecommunications operator using equipment from that provider. Alternatively operators can directly conlract us as service providers to design, build and maintain infrastructure, using technology that those operators require and we will source from respective technology provider. In both cases, the spectrum of telecommunication network services provided to each customer can be similar, as the end user (telecommunications operators) is the same. Our clients will approach us either for individual services or for turnkey solutions. Post-deployment, we offer managed services where we are capable of operating and maintaining telecommunications infrastructure. In short, we design, build and maintain all means of telecommunications network infrastructure for our clients. We are familiar with current and upcoming telecommunications technologies and networks including fixed line networks, cellular telecommunications, wired and wireless broadband modes and optical technologies. However, at present, we are focused on providing services for cellular telecommunications networks in line with current market demand. In this respect, we have completed implementation works for major cellular network operators including Maxis, Ceicom, DiGi, U Mobile, PI and YTI… Principal Activities ICompany No. 9559l5-M I 6. BUSINESS OVERVIEW (Cont’d) The full spectrum ofour telecommunications network service offering can be illustrated as follows: Design Maintain>>Build >>’———‘ > Network planning, design and optimisation  Network deployment  Network operation and maintenence  Infrastructure management, energy management and professional services
(i) Design The design stage of a telecommunications network is the most crucial part to ensuring a good and effective network. Good planning, design and network optimisation will ensure that network owners/operators will be able to provide services that boast both an optimum coverage in width and depth. Wide network coverage ensures acceptable service levels in wide geographical areas, while deep network coverage ensures that service levels in coverage areas are highly effective in terms ofspecd and reliability. By understanding our client’s requirements and budget, our tearn will aid clients in determining the number of BTS and suggest suitable locations/sites for these new network nodes. Our planning and design services are crucial in ensuring that our clients’ telecommunications networks are effective and efficient in terms ofboth back-end and front-end transmission. Back­end transmission planning involves the effective placement and design ofmicrowave links. This ensures back-end transmission from BTS to BTS is effective. Front-end transmission planning involves the effective placement and design of BTS equipment in order to maximise reach and quality offront-end transmissions between BTS and users. Once we have obtained the client’s agreement on our proposed designs, we will help clients to procure for the necessary approvals to use these suggested sites, along with all necessary permits from the local councils, MCMC, Department of Civil Aviation and Fire and Rescue Department of Malaysia. This stage will also involve rental negotiations with landltowerlbuilding owners. Sites are then audited for suitability, after which finer design work can be completed. (Il) Build Once network plans are confirmed to be ready for deployment, we will embark on the procurement of the required materials and resources for the construction of the network site. This includes building raw materials, telecommunications equipment and hardware as well as procuring sub-contractors for various deployment work. At this stage, there are three (3) main categories of work which are explained below: Ca) Civil and M&E engineering infrastructure deployment; (b) Telecommunications equipment implementation; and Cc) Network integration.
Civil and M&E Engineering Infrastructure Deployment Initial site deployment involves civil and M&E engineering works to prepare sites for the implementation and integration of telecommunications network equipment. Civil works involve the construction of fixed structures, preparation of access roads or paths, and other Company No. 9559l5-M
6. BUSINESS OVERVIEW (Con/’d) grolll1d work. Thereafter, the scope of our M&E engineering services involves laying of electrical power and grounding systems, implementation of air-conditioning and fIre protection equipment.
I Company No. 9559l5-M I 6. BUSINESS OVERVIEW (Cont’d)
Telecommunications Equipment Implementation We possess the necessary technical expertise, test equipment and experience in installing, commissioning and testing various types of telecommunications equipment.These equipment implementation involves the construction and implementation of telecommunications network equipment such as BTS, microwave links and all other supporting equipment. In order to install these equipment, we would also need to provide the following range of tests and services: • Line of sight and radio frequency surveys to ensure the optimum wireless transmission between two BTS;
• Telecommunication equipment installation, testing and commissioning for base station, microwave links and antenna feeder system;
• Radio frequency planning, drive test and optimisation; and
• !BC implementation involving the implementation of indoor BTS for effective wireless reception.

 

Company No. 955915-M 6. BUSINESS OVERVIEW (Cont’d)
Antennas
I Company No. 955915-M I 6. BUSINESS OVERVIEW (Conl’d) Antennas
Base Station Equipment
I Company No. 955915-M
6. BUSINESS OVERVIEW (Cont’d)
I Company No. 955915-M I 6. BUSlNESS OVERVIEW rCont’d)

I Company No. 9559l5-M 6. BUSINESS OVERVIEW (Cont’d) Network Integration Some of our clients may require network capacity expansion, network migration or upgrading of existing (legacy) networks. For such clients, we are able to integrate new infrastructure or upgrade current infrastructure while maintaining fully functioning integration between existing and new network technologies and equipment. EDGE • Network Migration
• Network Upgrade

Existingl Legacy • Capacity Expansion New Infrastructure Infrastructure (iii) Maintain Our network operations and maintenance services is as follows: Post deployment of a network infrastructure, our Group provides various managed and support services to assist clients in operating and maintaining their telecommunications networks. Our Group undertakes construction of sites for telecommunications operators and technology providers (ultimately for telecommunications operators). The latter requires our maintenance services as a bridging between the completion of the constnJction and the handover of the tower to the telecommunications operators. This service is typically provided for a period of one (1) to twelve (12) months. Our Group recognises income generated from this maintenance service as part of revenue derived from turnkey activities. Network operations and maintenance services are also extended for a new client’s existing networks of which its network may not be previously deployed by our Group. • Network Maintenance Planned Events r·,:.’ \. :.,’ ::}~;.’~~:: ,~}~~:~J~;*~:t.~~~,~~~·~~~iM~~~:~~ffi~~~ ::-.~::~X,~·-:~~~:,j Unplanned Events
Our main objective in network maintenance services is to provide support to maintain and troubleshoot all critical network elements. Services can be provided up to 24 hours on a seven day basis. There are two types of maintenance which are corrective maintenance arising from unplanned events and routine preventive maintenance. These services are driven by requirements or KPI set by clients and ourselves in the SLA signed by clients. The major scope of work includes: • Front office to receive and manage reports of malfunctions, breakdowns and issue reports; 52 Company No. 955915-M 6. BUSINESS OVERVIEW (Conl’d) • Corrective maintenance to rectify system breakdowns and to resolve network issues; • Preventive maintenance as a planned event to periodically check for impending breakdowns and to ensure constant system health;
• Spare pari delivery and inventory management for paris and equipment subject to wear and tear; and
• Issue 10gging and reporting for future reference.

• Network Operations Network operations take maintenance ‘services one-step further, where upon agreement with clients, we are tasked to handle all operations pertaining to the client’s network infrastructure. We are involved in the daily operations, monitoring and maintenance of networks. We take ownership for operations and maintenance work that has been tasked to us. (iv) Infrastructure Management, Energy Management and Professional Services As pari of our turnkey services, we also provide various infrastructure management, energy management and other professional services across our telecommunications network design, building and maintenance activities. The following services are integrated into our Group’s offering as follows: • Infrastructure Management
• Site acquisition, licencing and management; • Project management and documentation activities across implementation and maintenance period; and
• Contingency/emergency and disaster recovery measures.

 

• Energy Management

• Planning energy/power needs for individual sites and entire telecommunications networks; and • Optimising energy efficiency of individual sites and telecommunications networks. • Professional Services • Procurement of logistics services necessary for equipment supply and network deployment;
• Procurement of technical expertise and human resources for projects; and
• Project planning & management.

 

I Company No. 955915-M I 6. BUSINESS OVERVIEW (Coni’d) 6.2.2 Trading of Telecommunications and Network Security Products and Materials Telecommunications Network Equipment and Materials Our Group trades in telecommunications hardware and installation materials such as antennas, feeder cables, connectors and water proofing tapes via FirateL This business complements the core business of the Group as Firatel is supplying its products to the Group as well as to other telecommunications network service providers and operators. We leverage on our relationship with telecommunications providers and operators such as Ericsson, ZTE and DiGi as we have established longstanding business partnerships with these major customers hence making it easier to introduce our product offerings to them to be implemented together with their network equipments. Samples ofsome ofthe products which we trade are as follows:
Omni directional antenna Straight plug
Cf’D?~”m:17171,ft;,;~.;,~f~~r?ih~~ <“1 ·’~~Z;0i:~ Radio Frequency (RF) connector Network Security Products and Solutions Network security plays a very important role in today’s telecommunications arena whereby data is more frequently used. These are prone to phishing, identity theft or malicious attack. Telecommunications operators are preparing themselves for any possible rampant attack in the future and the Group is preparing now to support them. We distribute the following range of network security products and solutions in the Asia Pacific region: Rapid? (Fortress Singapore is an appointed distributor in Singapore and Malaysia for Rapid?, Limited Liability Company in the United States of America (“USA”» Rapid?® is the leading provider of security risk intelligence solutions for IT. It provides full suite of security assessment and testing products that empower the IT organisations to obtain accurate, actionable and contextual intelligence into their network threat and risk posture. Antenna Company No. 9559l5-M 6. BUSINESS OVERVIEW (Cont’d) IronKey (Fortress Singapore is an appointed distributor in Asia Pacific for IronKey, Inc in the USA) IronKey is the global leader in providing secure managed portable storage, authentication and trusted virtual computing. Its military grade product portfolio meets the standards of public and private enterprises, government and military customers. As part of a complete security solution, lronKey provides managed solutions to protect the customers’ invaluable data and networks. Giritech (Fortress Singapore is an appointed distributor in Singapore, Malaysia, Cambodia, Indonesia, Philippines and Vietnam for Giritech AS in Denmark) Giritech is a fully integrated solution that delivers network protection and high security remote access services. The solution’s single point of management lowers the cost of protecting the network and providing users with secure access to applications, office PCs and virtual desktops. Solera Networks (Fortress Singapore is an appointed distributor in Singapore, Malaysia, Thailand, Indonesia, Cambodia, Vietnam, Philippines and Hong Kong for Solera Networks, Inc in the USA) Solera Networks’ products comprise network appliance software which is capable of capturing and storing of network traffic on any network. Its slew of functions allow network administrators and security analysts to select, analyse and playback the data traffic for network analysis purposes. Lumension Security (Fortrcss Malaysia is an appointed distributor in Malaysia for Lumension Security, Inc in the USA) Lumension Security’s software solutions help businesses protect their vital information and manage critical risk across network and end users. Its products have assisted businesses to achieve optimal security and IT success by delivering solution portfolio that includes vulnerability management, endpoint protection, data protection, antivirus and reporting and compliance offerings. SecureAge (Fortress Singapore is an appointed distributor in Singapore for SecureAge Technology, Inc in the USA) SecureAge’s software provides data protection solutions that help prevent, protect, and shield governments and enterprises from any possible data breaches. Its comprehensive encryption solutions protect organisations from any possible information security problems and manage their information security strategies. The solutions give complete control and visibility of data movement within their organisations without disrupting day-to-day operations. Tropos Networks (Fortress Singapore is an appointed distributor in Singapore, Malaysia and Indonesia for Tropos Networks, Inc in tbe USA) Tropos Networks provides wireless communications networks for utilities to build and control the smart grid. It provides utilities with the most economical and complete communications for deploying a wide range ofmission-critical applications. SeoureLogix (Fortress Singapore is an appointed distributor in the ASEAN region for SecureLogix Corporation in the USA) SecureLogix’s products protect Voice over Internet Protocol network from telephony-based attack, fraud and abuse. It also optimizes infrastructure and services to reduce costs, simplify the management of enterprise voice communications network. It provides tools for the customers to analyse the performance and tracking ofthe customers’ Voice over Internet Protocol network. We distribute these products via system integrators and local resellers who specialise in network security solutions. Company No. 955915-M 6. BUSINESS OVERVIEW (Conl’d) 6.2.3 Green Energy and Power Solutions Our Group supplies power generation equipment including engine-generators (“gen-sets”), transfonners and other related equipment used as back-up electricity generators for commercial, retail and factory buildings. Apart from supplying these equipmen~ we also provide installation, commissioning and testing services. Examples of our products are as follows:
Power Generation Equipment

Industrial Transformers
Testing Equipment and Spare Parts Recognising the potential of renewable green energy sources, we have also begun introducing co­generation power systems (trial stages) to our customers which utilise both electricity generators and solar power panels in tandem to provide our customers with more environmentally friendly power generation solutions. Our solar power generation systems involve the conversion of solar energy into electricity for storage, distribution and use on or off the national electricity grid, using photovoltaic panels. We can implement such systems for customers with idle rooftop spaces, or open spaces frequently exposed to sunlight. Solar power can be generated for off grid use or sold to the power utilities companies (when applicable). Our green energy business is still in its early stages of development and implementation. Currently, the income generated by EI Power is derived from the sale of gen-sets which are under the power generation segment. Solar power generation is currently being tested and the customers are charged for the provision of installation services and the equipment provided. Company No. 955915-M 6. BUSINESS OVERVIEW (Cont’d)
6.2.4 M&E Engineering Services M&E engineering services are needed for deployment and turnkey services i.e. mainly for the construction of the network site. Our Group is also involved in the provision of M&E engineering services in collaboration with other construction companies. We provide these services on sub-contract basis for the development of commercial buildings, healthcare institutions and other types of buildings during offpeak periods (i.e. periods when there are no relevant telecommunications assignments).
6.3 BUSINESS PROCESSES The figure below shows the basic business processes and project Iifecycle that could be applied for our telecommunications network services, green energy and power solutions and M&E services. The business processes are divided into four (4) steps as follows:
(i) Tender, Marketing and Sales
We begin our projects by making bids via tenders. These activities are undertaken by OCK Setia, Delicom, Steadcom, EI Power and OCK M&E. Our management team is equipped with the latest news and technology in the telecommunications industry and energy solutions especially those that involves telecommunications operators. Understanding latest trends and technology in the market helps us understand our client’s requirements and needs more accurately. With up-to-date market information, we will be able to propose suitable solutions to potential clients based on their needs and requirements in terms of technical specifications, timing and costs.
(ii) Project Planning

When a project is awarded to us, we will hold extensive discussions with clients to understand every requirement in greater detail. Our technical tearn will then work out the details ofdesign for the client’s infrastructure/equipment according to the budget allocated and their needs. Discussions will be carried out intensively to ensure that the right requirements are set and to enable all requirements to be met. Our technical personnel will provide consultancy services, Company No. 9559l5-M 6. BUSINESS OVERVIEW (Cont’d) advising clients on optimum solutions available, the equipment to be used, the best locations for site-building and other technical aspects of the projects being undertaken. At this stage, internal planning is carried out whereby resource allocation, project timing and scheduling, logistics, procurement, contingencies and other facets of our implementation work is meticulously planned to ensure full and satisfactory completion of project work within acceptable timeframes. (iii) Project Implementation and Project Completion Upon agreement with the project plan and design, our team of engineers and technical personnel will start on-site implementation. Network sites that have been identified during project planning will be procured (i.e. rights to use land/tower) in this phase. We will proceed with civil, M&E engineering works and infrastructure equipment procurement, installation, commissioning and testing at the procured network sites. Proper project management methods and appropriate documentation are in place to ensure work traceability and audit. At the end of the implementation phase, systems are tested for user acceptance and upon verification and satisfaction of work done, clients will signoffdocumentationsto markthecompletion oftheproject. Subsequent to the completion of the physical construction of a network site, we provide a range of network maintenance and operation services for customers to choose from. Fully implemented projects are usually maintained for a period of between one to two years depending on the terms of contract between customers and ourselves. The range of services and timeline subscribed is based on our client’s requirements and needs. However, some of our customers prefer to maintain their own network operations after the completion of the implementation. Our trading activities involves telecommunications and network security products imd solutions which are undertaken by Fortress Singapore and Firatel. We offer a range of telecommunications network equipment and materials as well as network security software and products. The business processes of our trading activities are illustrated as follows: 1. Customer enquiry 2. Customer’s purchase order 3. Credit limit and stock availability 4. Order confinnation 5. Delivery
The trading process begins with an enquiry from customer. Upon received of the customer’s order, a review of the customer’s credit limit and availability of stocks will be conducted. Once an order is confirmed, the delivery ofstocks will then be arranged. Company No. 955915-M 6. BUSINESS OVERVIEW (Conl’d)
6.4 MARKETING AND DISTRIBUTION 6.4.1 Marketing and Distribution Network We have developed a process based on ISO standards which we use to handle tender processes. This process incorporates our corporate governance and policy in pricing and project handover. We participate in tenders called for by various telecommunications equipment vendors amongst others Ericsson and Alcatel-Lucent, which in turn work with major telecommunications operators in Malaysia. In some instances, we deal directly with telecommunications operators such as Celcom, Maxis and DiGi. Our offices in Malaysia are mainly used as support bases for our Malaysian project tearns. These offices come with warehousing facilities which allow us to store materials and equipment needed to carry out projects around Malaysia. We have established offices in Kuala Lumpur, Penang, Kuantan, Johor Babru, Kota Kinabalu and Kuching. We also have a regional sales office in Singapore to support business development activities for our network security solutions and products. Fortress Singapore organises workshops to introduce and educate the users of their network security solutions and products as well as participate in trade shows to promote its products and services. We depend on active marketing as well as referrals for our energy and power solutions as well as our M&E activities. EI Power conducts workshops to educate its users of the latest energy and power solutions.As aresult oftheconsistency ofourproductqualityand delivery, ourwarranty,ourtechnical knowledge and our after sales support services, many of our new customers have been introduced to us by our existing customers.
6.4.2 Distribution Channels OCK Setia, Delicom, Firatel, Fortress Singapore, Steadcom Fortress Malaysia I ~ Telecommunications Trading oftelecommunications network services and network security products and materials
Teleeommunications products Telccom-munications-I operators… -I Technology providers Technology… providers Telecom-munications… network service providers Network security products and solutions Enterprise customers~ through rcsellers 59 EI Power OCKM&EI[ II ~ -l Green energy and M&E engineering power solutions services ~[ Non-telecom~Institutions! municationsfactory owners! other property cJientele owners
Company No. 955915-M 6. BUSINESS OVERVIEW (Conl’d) We market and promote our telecommunications network services directly to telecommunications operators as well as to technology providers. Our telecommunications network equipment is being supplied for the provision of our telecommunication network services as well as to other telecommunications network services providers of such services and any other market participants which require such products. Our network security products and solutions is sold through our network of our resellers in Singapore and Malaysia currently. Our green energy products and solutions as well as M&E engineering services are marketed directly to the respective groups ofcustomers who require such services. 6.4.3 Principal Markets Save for the trading ofnetwork security products by Fortress Singapore in Singapore of approximately RMO.61 million, Malaysia is our principal market for our products and services. For the FYE 31 December 2011, the breakdown ofour revenue by our principal activities are as follows:
Telecommunications network services Telecommunications operators Technology providers Others  30,455 39,355 7,247  34.48 44.56 8.20  Trading oftelecommunications network equipment and materials Direct to telecommunications operators/technology providers  3,765  4.26  Trading of network security products and solutions Resellers  613  0.69  Green energy and power solutions Direct to main contractors/end users  14,959  16.94  M&E engineering services Direct to main contractors Consolidation adjustments *  3,806 100,200 (11,875)  4.31 113.44 (13.44)  Total  88,325  100.00
Note: * The consolidation adjustments are in relation to inter-company revenue. Company No. 955915-M 6. BUSINESS OVERVIEW (Collt’d) 6.5 COMPETITIVE STRENGTHS (i) Established Market Reputation We have been operating since 2000 and have an established market reputation throughout the years through our delivery of quality and timely services to telecommunications operators. The continuous provision of turnkey telecommunications network solutions to clients such as DiGi, Celcom, U Mobile, YTL and P I has lent to benefit our reputation during project tenders. We are also a partner for technology providers such as Aicatel-Lucent, Ericsson, Huawei, NEC, SIAE and ZTE for their telecommunications projects in Malaysia. We have also received acknowledgement of our work through the Golden Bull Award in 2007, 2009, 2010 and 2011 (100 Outstanding SMEs). We have also earned partner awards from technology providers such as Huawei and ZTE and are certified to comply with the ISO 9001:2008 requirements in the scope of supply and installation of telecommunications, mechanical and electrical systems and provision of related civil engineering works to enhance our client’s confidence in our services. (ii) One-Stop Solution Provider for Telecommunications Network Services We are a one~stop solution provider for telecommunications network services where we provide turnkey solutions ranging from network planning, design and optimisation to energy management as well as infrastructure management. Apart from that, we also offer managed services for our clients involving the operations and maintenance of telecommunications networks. Our technical personnel are well trained and by keeping abreast with the latest equipment knowledge, we are able to provide engineering services for telecommunication infrastructure regardless of the technology required to be used. We have previously dealt with infrastructure involving technologies such as GSM, 3G and WiMAX. Our Group is able to act as a one-stop­centre for telecommunications operators in its efforts to expand, upgrade, consolidate or manage their network infrastructure. We are able to provide consultation on sites, implementation and maintenance strategies and are able to comprehensively carry out each of these facets for the client. We can help procure for sites and its necessary permits and approvals from the authorities, handle all structural and construction work, complete implementation and integration work as well as maintain and manage our customers’ infrastructure. (iii) Good Working Relationships with Technology Providers Over the years, we have established close, long standing working relationships with several telecommunications technology providers which includes Alcatel-Lucent, Ericsson, Huawei, NEC and ZTE. These relationships strengthen our project tenders as we are able to provide our clients with confidence that their needs will be supported with technology from these technology providers. Our relationship with Alcatel-Lucent and Ericsson dates back to 2004. We have also tied up with Huawei, NEC and ZTE since 2008 to broaden our product offerings to meet clients’ needs. Our working relationships with these partners remain strong due to the good and timely services that we have provided throughout the years. These relationships will be mutually beneficial to us as there were incidence where they also referred us as their turnkey partners in their project tenders. Company No. 955915-M 6. BUSINESS OVERVIEW (Cont’d) (iv) Experienced Human Capital Our success is highly attributable to our experienced management team that is familiar and proficient with the telecommunications industry. Our key management staff including our Managing Director has an average of ten (10) years’ experience in the telecommunications industry. Some of our key management personnel have also served as previous management teams of our technology partners and providers, prior to joining our Group. As the telecommunications industry is technology oriented and requires a lot of expertise in the technical field, our ability to retain a tearn of capable and experienced human capital continues to help us stay ahead of our competitors. Please refer to Sections 8.9.2 and 8.9.3 of this Prospectus for further details of the training and development provided to our personnel and management succession plan respectively. 6.6 SEASONALITY Our Group does not experience significant fluctuations in our business due to seasonal factors. The need for telecommunications serviees and our Group’s range of products and other ser:vices are perpetually in existence. Unless there are unusually long periods of adverse weather patterns which will disrupt the construction and implementation of network sites, we are not adversely affected by weather experienced in Malaysia. Due to the continuous upgrades being implemented by the various telecommunications operators as new telecommunications technology being introduced, we are constantly upgrading their network sites throughout the year. In the past twelve (12) months of our operation, we have not experienced any business interruption. 6.7 TECHNOLOGY AND RESEARCH AND DEVELOPMENT We are principally a provider of systems integration and engineering services primarily for the telecommunications industry. As such, our Group is not materially involved in research and development (“R&D”) of technology but rather a user of technology. Our Group utilises the technologies embedded in telecommunications products which are supplied by technology providers. The extent of our R&D involves the research into state-of-the-art telecommunications network technologies available in the market to constantly update our knowledge base and capabilities in deploying them for our prospective clients. We are also constantly on the lookout for new and novel value added services or technologies which can augment and improve our current service offering! network infrastructure. We are familiar with designing, building and maintaining network infrastructure according to the standards of various contemporary telecommunications technologies including: 3G Mobile Communications 3G or 3rd generation mobile telecommunications is a generation of standards for mobile phones and mobile telecommunication services fulfilling the International Mobile Telecommunications-2000 (IMT-2000) specifications by the International Telecommunication Union. Application services offered by 3G mobile services include wide-area wireless voice telephony services, mobile Internet access, video calls and mobile TV, all in a wireless, portable environment. To meet the IMT-2000 standards, a system is required to provide peak data rates ofat least 200 kilobits per second. HSDPA HSDPA is an enhanced 3G mobile telecommunications protocol which allows high speed and volume data transmission over cellular networks. Current HSDPA deployments support down-link speeds of 1.8,3.6,7.2 and 14.0 megabits per second. In Malaysia, HSDPA services are offered by major mobile telecommunications operators and are marketed as 3G or 3.5G data services. They were first introduced in 2005 by Maxis and has subsequently been offered by Celcom in 2006, U Mobile in 2008 I CompanyNo.9559l5-M I 6. BUSINESS OVERVIEW (Conl’d) and DiGi in 2009. The take up rate of HSDPA data services has been accelerating in recent years, attributable to concerted marketing efforts by mobile carriers, successful cross-selling (service bundling) strategy to a ready subscriber base and the proliferation of smartphone use, heighten by the iPhone and Blackberry devices. WiMAX WiMAX is a fairly new technology that provides wireless data transmission over long distances, with signal range of between 1-4 kilometres. Access to WiMAX services requires users to be in the proximity of a transmission station, which sends out wireless signal to all devices within its range. WiMAX signals are typically transmitted on the 2.3 GHz, 2.5 GHz and 3.5 GHz frequency spectra. In Malaysia, four (4) WiMAX operators were allocated licences to operate within the 2.3 GHz frequency spectrum. Commercial WiMAX rollout was expected to be rapid since the award oflicences in 2007. Although initial expectations of full-scale rollout was in 2008, it has been much slower in reality. Of the four (4) licensees, PI was the first to launch its WiMAX services in the latter half of2008 followed by Redtone International Bhd and Asiaspace Sdn Bhd’s WiMAX offering. The latter two launches only entailed a lintited service rollout, while PI has achieved greater commercial coverage and success. YTL was the last of the four licensees to roll out WiMAX services in 2010. YTL launched its YES 4G WiMAX services, differentiating its offering from other WiMAX providers by offering voice services over the internet protocol (YOIP) as well as data services. Legacy Technologies We are familiar and are able to implement and maintain legacy technologies if and when required by telecommunications operators. These technologies include General Packet Radio Service (“GPRS”) and Enhanced Data rates for GSM Evolution (“EDGE”) technologies. GPRS is a packet-oriented mobile data service allowing the provision of data transmission (short teXl messaging, multimedia messaging, instant messaging and internet access) over a GSM network. EDGE technology succeeds GPRS as a data service that allows improved data transmission over GSM telecommunication networks. Both GPRS and EDGE are pre-3G mobile telecommunications technologies that pioneered mobile data transmission, but have since fallen out of favour among mobile operators in favour of newer data technologies. Nevertheless, telecommunications network still utilise these technologies. Therefore, we continue to offer implementation and maintenance services pertinent to these technologies. Forthcoming Technologies We will continue to update our expertise in tandem with market needs in order to enhance our technical expertise in view of the influx of new mobile technologies and networks. We view future technology development and implementation positively. As such, we expect that the eventual standardisation and implementation of4G and LTE networks will present future market opportunities rather than threats to our Group’s operations. Our partnership with various technology partners within this technology space also grants us the necessary future access to these technologies. THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFTBLANK
I Company No. 955915-M I 6. BUSINESS OVERVIEW (Conf’d) 6.8 QA PROCEDURES AND MANAGEMENT We place significant emphasis on quality. Our telecommunications network services activities adhere to stringent international quality standards. We obtained ISO 9001:2000 certification in 2008 which was updated to ISO 900I:2008 with respect to our QMS for the scope of supply and installation of telecommunications, mechanical and elecnical systems and provision of related civil engineering works. The QA process is established to ensure provision of quality products/services and timely delivery to our customers. The QA manual has been prepared by a team of engineers and project managers, detailing the quality process and procedures to adhere with ISO 900I:2008 quality standards. The diagram below depicts our QMS process for the telecommunications network services:
Contlnuallmprovemenl 01 QMS (i)’ Product Realisation Product realisation is the sequence of processes and sub-processes required to achieve the required results in the provision of our services. Planning of the realisation processes shall be consistent with the other requirements of our QMS and shall be documented in a fonnat suitable for our method of operation. In planning the processes for realisation of products, the following shall be detennined, as appropriate: (a) Quality objectives and requirements of the service;
(b) The need to establish processes and documentation, and provide resources and facilities specific to the services;
(c) Verification, validation, monitoring, inspection activities, and the criteria for acceptability, compliance with documented procedures and quality plan; and
(d) The records that is necessary to provide confidence of confonnity of the processes and products meeting the requirements.

(Ii) Measurements, Analysis and Improvement As part of the QMS, we plan and implement monitoring, measurement, analytical and continual improvement processes needed to: Ca) Demonstrate conformity ofthe project requirement; Cb) Assure confonnity ofthe QMS; and
(c) Achieve improvement ofthe effectiveness ofthe QMS. 64 Company No. 955915-M I 6. BUSINESS OVERVIEW (Conl’d) As part of these processes, the safety and quality personnel· measures and monitors the characteristics of our materials and services to verify that the requirements for materials and services are met. Our safety and quality personnel also ensures that materials/services that do not conform to the requirements are identified and controlled to prevent unintended implementation. Corrective actions wiJI be taken to eliminate the cause of non-conformities of the materials/services in order to prevent recurrence of the problem. (iii) Management Responsibility Our Group’s top management provide evidence of its commitment to the development and improvement ofthe QMS by: (a) Communicating to the employees the importance of meeting customer as well as regulatory and legal requirements;
(b) Establishing the quality policy;
(c) Ensuring relevant functions of Department; establishing quality objectives and ensuring their relevance to the quality policy;
(d) Conducting management reviews; and
(e) Ensuring the availability of necessary resources.

(iv) Resource Management As part ofour QMS, we determine and provide, in a timely manner, the resources needed: (a) To implement and maintain the QMS and continually improve its effectiveness; and
(b) To address client satisfaction.

Our Management is committed to the execution of the procedures established in the QA manual. Our QA Engineer has complete authority to carry out the QA system to identify and control problems and to initiate, recommend and rectify the problems identified. The QA manual is reviewed as and when necessary to comply with customers’ and the Group’s procedures. Further thereto, we are also subject to external quality audits by SIRIM QAS for our ISO certification renewals as well as by technology providers and telecommunications operators such as Ericsson, Alcatel-Lucent and DiGi. These technology providers and telecommunications operators conduct audit and checks on areas such as our human resources, warehouse operations, operational procedures, permits, invoice issuance systems and processes and certifications of calibration and test equipments which are performed periodically. All work that are being done on site will be required to be cross checked against a checklist and submitted to our clients for their verification prior to issuance of final coofronation of work performance. Our work on site are also subjected to regular spot checks to ensure compliance. As for the products that we distribute, we rely on the warranties provided by manufacturers or equipment providers up to twelve (12) months. Internally, we provide our clients at least one (I) year warranty on services rendered. Further to that, our clients require us to obtain performance bonds for most projects being implemented. 6.9 PRODUCTION CAPACITIES AND OUTPUT We are not bound by any production capacities or output as we are mainly involved in the provision of services. As at the LPD, we have 344 engineers, technicians and installers who have been assigned with respective telecommunications network service projects. Any new projects being undertaken will take into consideration of the current and potential manpower and expertise that are available to us. We have not experienced any delay in our services due to shortages of manpower and expertise in the past twelve (12) months. [iimpany No.955915-M I 6. BUSINESS OVERVIEW (Collt’d) 6.10 MAJOR CUSTOMERS Our major customers (those contributing 10% or more of total sales) over the four (4) FYE 31 December 2008 to 2011 are as follows:
Aleatel-Lucent Technology provider Telecommunications 8 16,216 35.55 12,487 27.19 7,693 11.52 3,689 4.18 Network Services (Network Deployment) DiGi Telecommunications Telecommunications 8 12,126 26.59 12,356 26.91 11,533 17.27 14,575 16.50 operator Network Services (Turnkey Network Deployment)
Ericsson Technology provider Telecommunications 8 2,509 5.50 5,686 12.38 11,891 17.81 11,521 13.04 Network Services (Network Deployment) Huawei Technology provider Telecommunications 4 140 0.31 2,589 5.64 6,336 9.49 7,964 9.02 Network Services (Network Deployment) NEe Technology provider Telecommunications 4 78 0.17 1,724 3.75 10,693 16.01 3,916 4.43 Network Services (Network Deployment) 66
I Company No.9 55915-M I 6. BUSINESS OVERVIEW (Cont’d)
For the FYE 31 December 2011, our Group had 97 customers. DiGi being our largest current customer, accounted for 16.50% of revenue contribution for FYE 31 December 20 II. We are dependent on major customers such as DiGi and Ericsson (contributing over 10% of our total Group revenue for the FYE 31 December 2011.) The following factors serve to mitigate our Group’s dependency on our customers: (i) established long business relationships with these customers (between 4 to 8 years each) and are well positioned to continue as service providers for these customers; and (ii) customers are in different segments of the telecommunications industry i.e. technology provider as well as telecoomunications operators. Our Group continues to build relationships with our customers in the local market. Please refer to Section 4.1 (iii) ofthis Prospectus for information on the risk relating to dependency on our major customers.
67 I Company No.9 55915-M I 6. BUSINESS OVERVIEW (Conl’d) 6.11 SUPPLIERS 6.11.1 Types, Sources and Availability of Materials Our Group mainly purchases consumable materials, metal products, electrical cables and connectors and civil work materials. We also depend on sub-contractors for our network deployment services. The table below details the types and value of purchases by and sub-contractor services rendered to our Group for the FYE 31 December 20 II.
The purchase prices of these products have remained fairly stable over the past four (4) FYE 31 December 2008 to 20 II .. In the event that our raw material costs increase substantially, we are able to negotiate with our customers to adjust contract prices. In previous instances when raw material prices have substantially increased, we have managed to adjust the contract teoos regarding pricing with our customers. We also have not experienced any difficulty securing the said materials according to our required quality from the market. We do not foresee any significant or prolonged shortages for these materials/services in the near future. THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFTBLANI( 68 I Company No. 955915-M I 6. BUSINESS OVERVIEW (Cont’d) 6.11.2 Major Suppliers Our major suppliers (those contributing 10% or more of tota! purchases) over the four (4) FYE 31 December 2008 to 2011 are as follows:
Chi-Tak Electrical (KL) Sdn Bhd  Electrical cables  7  1,603  17.91  357  4.74  895  6.14  654  2.94  Deltric Sdn Bhd  Power cables  5  1,017  11.37  46  0.61  43  0.30  A  Guangdong Westinpower Co Ltd, China  Electrical systems and components  2  – – – 701  4.81  8,637  38.82  Kia Metal Works Sdn Bhd  Metal products such as booms and unipoles  10  1,530  17.10  2,593  34.46  2,359  16.20  1,698  7.63  Tecsys Product Sdn Bhd  Power distribution boards  6  1,440  16.09  819  10.89  1,202  8.25  868  3.90  Rosenberger Asia Pacific Electronic Co Ltd, China Total Total no. of suppliers I  Radio frequency cables, connectors and antennas  3  5,590 72  62.47  114 3,929 67  1.52 52.22  2,362 7,562 137  16.22 51.92  1,205 13,062 150  5.42 58.71  Note:  A  Negligible.  69
ICompany No. 9559l5-M I 6. BUSINESS OVERVIEW (Co/ll’d) Our purchases are sourccd from local as well as foreign suppliers. Kia Metal Works Sdn Bhd and Tecsys Product Sdn Bhd are our major suppliers for over the last three (3) 2008 to FYE 31 December 2010 and more recently in FYE 31 December 2011, Guangdong Westinpower Co Ltd has been our major supplier. We are dependent on Guangdong Westinpower Co Ltd for the supply of products and materials for the running of our business. The following factors serve to mitigate our Group’s dependency on one of our suppliers: (i) established a good business relationship with these suppliers; and
(ii) in the event that these major suppliers cannot offer critical supply to us, we are able to obtain good substitutes from other suppliers in the local and foreign markets.

Pleasc refer to Section 4.1 (vii) of this Prospectus for infonnation on the risk relating to dependency on our major suppliers. Apart from suppliers, our Group also depends on sub·contractors to provide certain turnkey deployment services to us. Our major sub-contractors (i.e. those who contributed 10% or more of sub-contract work value) for the past four (4) FYE 31 December 2008 to 2011 are as follows: T~pes 9f….. ……..; “‘4~~~mo1te •.
… “:.:.”.:.•.::.:,.••..•::;:,~~,,.::.:.:p~~~:i:.~~c.~M.~~~:~~M~cI2i~;~g:·a;f:~j~~~t·~j,j~!~·,i~. Sub”‘contract .Work.  . Re,latlODshlP  .2008. •. ‘. 2009’.” .” •••·.i:,.20tlO;·..•<: ‘·”‘i.·:· ·~ .. ·.,.”y·,.i·,1201ol.’.’··,·. , ‘.’  Suppliers  . Pro~iJred’ .. ,….• ;.  . .: :·:’:b~.~afs).·  .RM’OOO .: ,0/0 “‘RMi;OOO I ….. O!o’:;EMI0ilQ’·:’ij;;:’, ‘.i.i:i:RI%~QOOi’iil;i:~1o  Total Sub·contract Values  23,189 100.00 25,527 100.00 27,588 100.00 33,706 100.00
All Star Sub-contract work for 5 5,650 24.37 3,405 13.34 378 1.37 turnkey telecommunications network services Total 5,650 24.37 3,405 13.34 378 1.37 219Total no. of sub-contractors 143 144 190 70
[ Company No. 955915-M I 6. BUSINESS OVERVIEW (Conl’d) 6.12 MAJOR LICENCES, PERMITS AND REGISTRATIONS The major licences, pennits and registrations of our Group as at the LPD together with the conditions attached and status of compliance are as follows:
G6 license for specialisation in: i.  B04  (General building works, including fixing partitions, roofing and general maintenance of buildings)  ii.  CE21 (General civil engineering works, including earthworks, subsoil drainage, etc)  iii.  MI5 (Installation, testing commlSSloning, maintenance and repair of mechanical based systems such as pumping installation, sewerage treatment plant installation, water treatment plant installation, rotary pumps, reciprocating pumps, centrifugal pumps and special purpose pumps, etc).
G7 license for specialisation in: i. E04 a) General wiring and control system wiring works not exceeding I Kilovolt (“KV”); b) Installation and maintenance of low tension overhead lines and underground cabling not exceeding 1 KV; and c) Also includes installation and maintenance of generating plant and equipment not exceeding 1 KV. ~iW~~~~f: G7-For tendering capacity of no limit. 71

I Company No. 955915-M I 6. BUSINESS OVERVIEW (Cont’d) .”’I~~fttjtr~,[~~’€II~~~~~illlfi~lliltfifu{~il[fiw:ill~;~i~J!f~1’~~1’~i~w~~~lf~~~W~i!jlii~\~]:K{t’~;”‘i~(~;i1j!Il:!:~;’~~~~~lr:j~£.
ii.  E07  (Telephone cabling and internal ducting, radio  based communication system, private branch  automatic  branch  exchange  (PABX),  microwave  system, multiplex and signaling,  tropo-scatter system,  satellite  system,  radar  surveillance  system,  data  communication  equipment, remote subscriber system, vessels  and navigational specialized system, etc.)  iii. EOS  (Telecommunications  cabling(undergroundloverhead), manholes,  underground ducting/pipes).  Malaysian  03.07.2011  03.07.2011­ Registered as electrical contractor under Electricity  Registered electrical contractor for  Complied.  Energy  02.07.2013  Regulations 1994 (Amendment 2003) of class A :  electrical works, installation and  Commission  i.  is  capable  of carrying  out  electrical  work  electrical wiring at:  ii. iii.  above one million ringgit in value; has employed on a full-time basis at least three wireman with three phase restriction, and nothing in this paragraph prohibits him to be one of the three wireman; has employed on a full-time basis at least one  No. 11 & 13 Jalan Puteri 2/6 Bandar Puteri 47100 Puchong Selangor Darul Ehsan  wireman  with  three  phase  restriction  authorised to test an installation, and nothing  in this paragraph prohibits the wireman from  being  one  of the three  wireman  with  three  phase restriction as provided in paragraph (ii);  and  iv.  has employed on a full-time basis at least two  wireman  with  single  phase  restriction,  and  nothing in this paragraph prohibits him to be  one ofthe two wireman.
72
I Company No. 955915-M I 6. BUSINESS OVERVIEW (Conl’d) Pusat Khidmat 26.09.2011 24.08.2011­Kontraktor 23.08.2013
Registered contractor for field of supply and services that falls under:
i. 010100-readingmaterials. ii. 020101 -housing and office furniture and equipment.
iii. 020300 -housing and office electrical appliances.
iv. 030100 -fire prevention equipment and security control.

v. 030200 -safety equipment and attire.

vi. 040100 -communication equipment. vii. 040200 -teaching aids. viii. 050200 -attire and equipment. ix. 090100 -medical tools and equipment.
x. 140I00 -construction material

xi. 200300 -cable, accessories and conductors. xii. 200400 -lightings and equipment. xiii. 220101 -air conditioner (window! split). xiv. 220102 -office machinery. xv. 220103 -fire extinguisher and tools. xvi. 22040 I-building cleaning. xvii. 220402 -area cleaning. xviii. 220403 -trash lifting. Registered Civil Work Contractor for Head IV. Registered Electrical Contractor for Class II. Registered Electrical Contractor fur subheads:
i. 1 -General wiring works. ii. 2 -Control system wiring. iii. 3 -Overhead line installation low voltage and underground cable. iv. 4 -Underground cable installation exceeding 1 KV up to and including 11 KV. IjHi!\~I:; Registered contractor only Complied. and services under headings: 010100, 020101, 020300, 030100, 030200, 040100, 040200, 050200, 090100, 140100, 200300, 200400, 220101, 220102, 220103, 220401, 220402,220403 Nil Not applicable (UN!A”) 73
I Company No. 955915-M I 6. BUSINESS OVERVIEW (Conl’d)
v.  10  – High  voltage  equipment  i.  Paid-up  capital/  minImum  installation:  accumulated capital of RM50,00 I.  (a)  to and including II KV; and  ii.  Able to operate throughout  (b)  OverI 1 KV.  Malaysia.  vi.  15  – Electrical  engineering  system  installation/low  voltage  electronics  addition such as  attachment system and  mover, security system etc.  Company  officials  stated  in  the  registration  certificate  are  representatives authorised to sign all the  company’s  contract  documents  and  to  take or authorise in writing to company  employees to  take a tender form. They  are:  i.  Ooi Chin Khoon  ii.  Abdul Halim Bin Abdul Hamid  iii.  Hussin Bin Abu Bakar  iv.  Annuar Bin Shamsudln
SIRlMQAS  15.12.2010  01.03.2011­ 28.02.2014  Celcom  Nil  09.12.2011­ 09.i2.2014  IQNet  15.12.10  01.03.2011­ Association and  28.02.2014  SIRIMQAS
SOOM QAS International Certificate for supply and installation of telecommunications, mechanical and electrical systems and provision of related civil engineering works  Nil  N/A  Registered as Celcom’s registered Supplier/ Contractor  Nil  N/A  International Certification Network and SIRIM QAS certificate for implementing and maintaining a Quality Management System which fulfils the requirement of the standard ISO 900 I:2008 for the supply and installation of telecommunications, mechanical and electric systems and provision of related civil engineering works  Nil  N/A
74

ICompany No. 955915-M I 6. BUSINESS OVERVIEW (Conl’d) tJiitlwr’!!!!iillii’l!”””JeI”I’l””‘stY’°”””l:I”””’W)~~~~~~m:~~~f:;~[~~l~.~Nm!~~l~_a~~r~w~Qj}­N/A Construction  4.04.2011  14.03.2011 ­ Registered  with  Construction  Labour  Exchange  Nil  NlA  Labour Exchange  15.03.2014  Berhad  Berhad  Minister of  29.11.2011  29.11.2011­ Registered as Network Facilities Provider  a) obligation to notifY the MICC of any  Complied  Tnformation,  28.11.2016  changes  in  the  substantial  Communications  shareholding ofthe company;  and Culture  b) obligation to notifY the MICC of any  (“MICC”)  joint ventures or consortiums, which  it enters with any other licensees after  the grant of the licence;  c) obligation to commence the provision  of facilities which  it is authorise to  provide  within  twelve (12)  months  from the date of license;  d) obligation to  obtain the approval of  MICC in the event OCK Setia wishes  to  provide  any  network  facilities  other than towers, poles, ducts and pit  used  in  conjunction  with  other  network facilities;  e) obligation to give not less than two  (2) months notice in writing to MICC  and MCMC in the event the licensee  intends to suspend provision of any  facility  being provided  and  shall  recommence  the  provision  of  the  suspended  fucilities  not  later  than  four (4) months from the date of its  suspension;  f)  the  licensed  area  shall  be  in  Malaysia;
75
I Company No. 955915-M I 6. BUSINESS OVERVIEW (Cont’d) ::;~*:$¥\ijgf4if~~;):~4t~!?1\tf.~.”….~~~~J(jhg;.~ji:~~\@11’if~\i:t~!l~IWt~Vi}~m·MR~ir9fJ~1~#~f~~~~g!~:f9.’lf(mtl’~~t~r::m~i~~~;(~~l~~mj~t!jJ~\’~;-,1 ·:”!ix”~)I·’~:,rJ!·rif~·;i-.II~i”f\, .1··,tiJ~·~t=J·~”‘J”·’~·)!;·”‘·i’?-·”DaI!·”I·’I~\)··nfl”I” ,~~~, ~1~·fi,.~Il”,·~rri.1:J~JItI,jm;~;,,~!..~”!”!~~·;·”‘l.h’«:lil.·?,l”;Wi~;:,1f’J;J”rJll:II~lli-“:’-l.llb ‘;f~~Ntfj:~~{~!i1~:~~;:i~Ji~’:~~~¥lifIw~r(:;:_~lJ ’44Qlil,,’ ;:::0″ ..;b·,o:~;’-‘~.:’!;:”~.~:t:e!,,* d;;~Jt*l~:8:.&.i:~r.t.o.’-:Ilifii~·::J~~!;~’r:;;:~,eJ.”iJ_lC.~~I;JQnJ~~ffr1~~r..f:t1:~:i!rt,f.”,1~.~i!j:kt’;;.·.l.c!!7 Ji):~ :’):i!:t,f,,:.:~ ~~~’:J\::IE.\b~~ii:’dk ..-,~,v.••.”” •. g) the licensee shall be subject to the annual licence fee equivalent to 0.5% of gross turnover less the applicable rebates, provided that the applicable annuai license fee shall not be less than 0.15% of the gross turnover of the preceding financial year of the licensee of fifty thousand ringgit, whichever is greater; h) obligation to prepare and deliver to MCMC separate .accountant records as may be required by MCMC from time to time; i) obligation to inform the commission on alterations to licensee’s network; j) obligation to notify MICC in writing, of any restructuring or rationalization of the licensee’s corporate structure; k) obligation to provide universal service andlor contribute to universal service fund; 1) obligation to adhere to requirement of shareholding which includes foreign shareholding of not more then thirty (30) percent and the Bumiputera equity in the licensee is not less than thirty (30) percent, whereby the licensee shall have within one (1) year from the date of issue of the license to comply with the aforesaid Bumiputera equity requirement; m) obligation to comply with detailed business plan submitted to MCMC;and 76
I Company No. 955915-M I 6. BUSINESS OVERVIEW (Conl’d)
n) obligation to submit two progress report annually to MCMC outlining the steps taken to implement the detailed business plan to MCMC as their monitoring mechanism. 6.13 INTELLECTUAL PROPERTY RIGHTS Our Group does not hold any intellectual property rights. 6.14 DEPENDENCY ON PATENTS, INTELLECTUAL PROPERTY RIGHTS, LICENCES, INDUSTRIAL, COMMERCIAL OR FINANCIAL CONTRACTS 6.14.1 Dependency on Intelle.ctual Property Rights Our Group is not dependent on any patents or intellectual property rights for our business operations. 6.14.2 Dependency on Major Licences Save as disclosed in Section 6.12 of this Prospectus, our Group is not dependent on any major licences, for our business operations. 6.14.3 Dependency on Industrial, Commercial and Financial Contracts Save for our frame agreements signed with our customers, our Group is not dependent on any material contracts or agreements including industrial, commercial and financial contracts, which are material to our business or profitability. 77
~panYNo. 955915-M I 6. BUSINESS OVERVIEW (Co/lI’d) 6.15  PROPERTY, PLANT AND EQUIPMENT  6.15.1  Own Properties  As at the LPD. we own the following properties:
Land  Audited  Issuance Date of  Area!  NBV as at··· Market Vah,e  CertificMe of’Fitness!  Registered!  Built­ 31  as,at  Certificate of  Beneficial  Description!  up Area  December  September  Completion and  Owner  TitielAddress  Existing Use  Tenure  Encumbrances  2011  2011  Compliance  (sg ft)  RM’OOO  RM’OOO  OCK Setia  (I) Title:  Single (I) storey  Freehold  Charged to  55,8001  7,814(1)  7,840  20.06.1995  P.T Nos 629 & 630  detached  Amlslamic  35,454  held under Title No. H.S.(D) 63627 & 63628 respectively Mukim Damansara  warehouse annexed with a three (3) storey office building! Rented to  Bank Bhd vide presentation No.  District of Petaling  third party  3831512012  Slate of Selangor  dated  19.04.2012  Address:  No. 79 & 80, Hicom  Sector B, Jalan  Gadung 27193A,  40000 Shah Alam  Selangor Darul Ehsan  (ii) Title:  Three (3) storey  99 years  Charged to  1,7651  1,943(2)  1,950  18.08.2008  P.T. No 703 held  terrace intermediate  lease  Amlslamic  5,280  Linder Title No.  shop officelFirst  expiring  Bank Bhd  H.S.(D) 194910  and second floors  06.11.210  vide  Town of Sun way  rented to third party  2  presentation  District of Petaling  whilst ground floor  No.  State of Selangor  remains unoccupied  3831612012  dated  19.04.2012
78 Notes:  (I)  Includes a revaluation surplus(net o[de[erred taxation 0[5.00%) o[approximately RM2.01 million.  (2)  Includes a revalt/arion surplus(net o[deferred taxation 0[5.00%) o[approximately RMI. I I million.  (3)  Includes a revaluation surplus(net o[de[erred taxation 0[5.00%) o[approximately RMO.30 million.  79
I Company No. 955915-M I 6. BUSINESS OVERVIEW (Cont’d) 6.15.2 Rented Properties In addition, as at the LPD, we are also renting the following properties for our operations:
OCK Setia Ooi Chin Khoon II & 13, Jalan Puteri 2/6 Bandar Puleri 47100 Puchong Selangor Darnl Ehsan Four (4) storey intennediate shop office: • Ground floor: Reception; Server Room and IT department; Engineering and Regulatory department
• First floor: Occupied by OCK M&E and Delicom for their entire operations; Group Telecommunications Project department

• Second floor: Occupied by Firatel for its support functions such as marketing and administrative functions; OCK Setia Tendering and Marketing department; Group Human Resources, Finance and Administration department and Group Managing Director’s office 01.08.2009 263,568 4,000115,300 to 31.07.2014 80 I Company No. 955915-M I 6. BUSINESS OVERVIEW (Cont’d)
• Third floor: Group’s Telecommunications Project department Firate! Gentro Precision Lot 32, Jalan TPP 1/12 Single (I) storey detached Engineering Sdn Taman Industri Puchong warehouse/Storage of Bhd 47160 Puchong equipment and materials with Selangor Darnl Ehsan a warehouse office Fortress Overseas-Chinese I 10, Robinson Road First floor ofa commercial Singapore Banking Corporation #02-00, Singapore building/Occupied by Fortress Limited 068901 Singapore for: • Administrative department and sales department; and
• Storage for network security products

EI Power Shobu Industries No 2, Jalan Anggerik Makara One and half (I y,) storey Sdn Bhd 31/49 Kota Kemuning comer semi-detached building/ Seksyen 31 Occupied by EI Power for its 40460 Shah Alam entire operations and storage Selangor Daru! Ehsan ofequipment 15.08.2010  90,000  12,000/7,800  to  14.08.2012  15.08.2010  103,388·  Not applicable as it  to  is located on the  31.05.2013  first floor of the  building/I ,500  01.11.2010  144,000  16,000/8,500  to  31.10.2012
81 I Company No. 955915-M I 6. BUSINESS OVERVIEW (Cont’d)
OCK Setia SY Management 30, Lengkok Kikik One and half (1 \1,) storey Services Taman Inderawasih corner semi-detached factory/ 13600 Prai Occupied by OCK Setia as: Pulau Pinang • Site office; and • Warehouse for temporary storage of telecommunications network equipment and all other supporting accessories for its projects in the northern region OCK Setia CDS Global (Sabah) SD42, Taman Industrial One and half (I \1,) storey Sdn Bhd Warisan Indah corner semi-detached factory/ DBKK Lorong Indah Occupied by OCK Setia as: Warisan Indah 3, Mile 7 lalan • Site office; and Tuaran 88450 1nanam • Warehouse for temporary Kota Kinabalu storage of Sabah telecommunications network equipment and all other supporting accessories for its projects in Sabah OCK Setia Wong Chuen Hua 2″‘ Floor, Block 3142 Second floor of a shop loti Block 10, lalan Laksamana Occupied by OCK Setia as ChengHo office for its projects in 93350 Kuching Sarawak Sarawak 82 14.09.2011 42,312 2,000/2,400 to 14.08.2012 01.08.2011 54,000 12,00017,500 to 01.08.2012 01.02.2012 9,000 Not applicable as it to is located on the 31.01.2013 second floor of a shop lot 12,000 I Company No. 955915-M I 6. BUSINESS OVERVIEW (Cont’d)
OCK Setia Ho YockMain No.2, Jalan TPP 1/11 One and half (11)) storey Taman lndustri Puchong corner semi-detached factoryl 47100 Puchong Occupied by OCK Setia as: Selangor Darnl Ehsan • Site office; and • Warehouse for storage of telecommunications network equipment and all other supporting accessories OCK Setia Quek Meu San 9-3, Jalan Puteri 2/6 Third floor of a shop lot! Bandar Puteri Group Telecommunications 47100 Puchong project department; Occupied Selangor Darul Ehsan by Steadcom as its office for its administrative department and sales department. OCK Setia Low Keng Chiew 10, Jalan Bakawali 72 One and half (11)) storey Taman Johor Jaya factoryl Occupied by OCK 81100 Johor Bahru Setia as; • Site office; and
• Warehouse for temporary storage of

telecommunications network equipment and all other supporting accessories for its projects in the southern region 01.04.2012  192,000  14,000/1 5,000  to  31.03.2013  01.08.2011  19,200  Not applicable  to  as it is located  31.07.2013  on the third  floor of a shop  10t/2,OOO  15.05.2012  33,600  5,000/3,500  to  14.05.2014
Note: • Based on annual rental ofSGD42,372 with the average exchange rate during the FYE 31 December 2012 ofRM2,44:SGDI.00. 83 I Company No. 955915-M I 6. BUSINESS OVERVIEW (Cont’d) 6.15.3 Material Equipments The details of our material equipments are as follows:

Handheld cable and antenna analyser  36,000  (ANRITSU S331E)  Drive test tools for measurement of signal coverage  3  88,304  (WCDMA 900 LX(CODE:06028) c1w Power-232 Cable, CAR-Lighter Termination-16′ Long USB to RS232 Cable-Serial  Converter Antenna, GPS High Gain Antenna, 698-2300 MHZ Multi-Band Mag Mount, High Performance)  Drive test tools for measurement of signal coverage  2  33,915  (PCT-505 WCDMA Scanner 900 and 2100)  Drive test tools for measurement of signal coverage  7  82,010  (WCDMA 2100 Power-232 cable, Car-lighter Termination-16′ long Antenna, GPS High Gain Antenna, 800-2100 MHz Multi­ Band Mag Mount)  Ethernet Tester  9,200  14  249,429
THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK 84 Company No. 955915-M 6. BUSINESS OVERVIEW (Cont’d) 6.15.4 Regulatory Requirements and Environmental Issue As at the LPD, our Board believes that, we are in compliance in respect of all regulatory requirements (including land rules and building regulations) and environmental issues which may materially affect our Group’s operations and/or utilisation of assets. 6.15.5 Interruptions to Business and Operations We have not experienced any material interruption in business which had a significant effect on our operations during the past twelve (12) months preceding the LPD.

6.16 FUTURE PLANS, STRATEGIES AND PROSPECTS 6.16.1 Future Plans and Strategies Our Group is targeting to further strengthen our competitive advantages by implementing the following plans and strategies: (i) Strengthening Position Towards Becoming a Regional Telecommunications Network Service Provider We have currently started to commence project trials in Vietnam for optimisation and drive test services for 3G cellular networks whereby a report of project trials has been submitted to a telecommunications operator in Vietnam for their consideration. We plan to venture into emerging countries like Philippines, Thailand, Indonesia, Vietnam and Myanmar where the potential for telecommunications network deployment remain strong. We intend to work with technology providers with existing operations in these countries as a way to penetrate these markets. We have started our negotiations with these teclmology providers on details of agreements in Indonesia, and Vietnam and will be setting up local offices to commence operations thereafter. In order to expand within the foreign markets, our Group is keeping abreast with the latest telecommunications technology advancements within each target market to ensure our services and solutions are capable of competing with local equivalents. We expect to start the regional expansion in the final quarter of 2012 whereby we are currently in the preliminary stages of discussions with technology partners in Phillipines, Indonesia, Thailand, Myanmar, Vietnam. The expansion plan will be financed through project fmancing facilities which will be raised subsequent to the finalisation of project details and/or signing of agreements. (ii) Becoming a Local Telecommunications Infrastructure Owner Telecommunications operators have traditionally been the owners of their own infrastructure. However, infrastructure development costs have been increasing. This is due to several factors including the rapid evolution of technology necessitating frequent upgrades, heavier usage of telecommunications services requiring greater infrastructural capacity. In tandem with these changes, telecommunications operators are already beginning to lean towards network infrastructure sharing and other means of cutting infrastructure investment while maintaining or improving service levels to consumers. We intend EO capitalise on this trend, along with our expertise in building and managing telecommunications infrastructure, by building and owning telecommunications infrastructure, which may include buying existing telecommunications towers from local telecommunication operators, and renting it back lo them. Our Group recognises that renting out telecommunications towers is a sustainable source of revenue for us in the long run. Consequently, we have obtained the NFP license from MCMC on 29 November 20 II which will permit us to build and own telecommunications towers. With the NFP license, we will be able to build and rent out telecommunications infrastructure to telecommunications operators. We envisage to spend an initial RM9.90 million of the proceed raised from our Public Issue I Company No. 955915-M 6. BUSINESS OVERVIEW (Coll/’dj for the construction of new telecommunication infrastructure and to use internally generated funds for any potential acquisition of telecommunication infrastructure. Whilst we have begun marketing this segment towards telecommunications operators, we envisage the plan to buy existing and/or build new telecommunications infrastructure will be implemented over the next two (2) years. Background of NFP The MCMC has been issuing the NFP licenses since 2001. The NFP licenses governs the ownership and operations of telecommunications facilities. NFP licenses are allowed to build, own and operate satellite stations, broadband fibre optic networks, telecommunications towers and other infrasrructure. Typical NFP licenses include radio and television broadcasters, cellular network operators, as well as broadband internet service providers (lSP). Based on the MCMC’s website, as at 11 October 2011 there are a total of 117 companies with NFP licenses. The license issued is based on any or a combination of the type of network facilities that is intended to be provided/provided by the applicant companies/licenses as follows: (a) Earth stations;
(b) Fixed links and cables;
(c) Public payphone facilities;
(d) Radio communications transmitters and links;
(e) Switching centres;
(t) Satellite hubs;
(g) Space stations;
(h) Submarine cable landing centre; and
(i) Towers, poles, ducts and pits used in conjunction with other network facilities.

NFP license granted to our Group The Group’s application to obtain the NFP license was submitted on 19 October 2011. The NFP license was subsequently granted to OCK Setia which is valid for five (5) years from 29 November 2011 for item (i) above, i.e. for the provision of network facilities that consists of towers, poles, ducts and pits used in conjunction with other network facilities stipulated in the NFP license. Out of 117 companies with NFP licenses, 17 companies have been granted with NFP license solely for the provision of network facilities for item (I) above which is similar to the license granted to our Group. However unlike our Group, based on publicly available information, most of the said 17 companies are ownedlbacked by the state governments, which were formed to collect rental from the telecommunications operators for the usage of the respective companies’ telecommunications towers. There is an increasing inclination by the MCMC to award NFP licenses to parties other than telecommunications operators and media broadcasters, thus encouraging infrastructure ownership among third parties including telecommunications network service providers. This is in line with regional trcnds in telecommunications services, where operators are increasingly consolidating infrastructurc costs through infrastructUre sharing and renting from third-party owners. Within Malaysia, the award of NFP licenses ro non-traditional licensees opens up opportunities for telecommunications network services providers to gradually shift towards a business model of telecommunications infrastructure ownership, receiving rental revenue from operarors interested in increasing network reach without directly incurring hcavy infrastructure development costs. Company No. 955915-M 6. BUSINESS OVERVIEW (Conl’d) Rationale for the venture to telecommunications infrastructure owner The rationale for our Group’s venture into telecommunications infrastructure owner are as follows: • Tower operations provide our Group with recurring income for this investment. Currently, our Group is already in discussions with telecommunications operators for our latest offering; • The proposed tower operations will also yield our Group with additional streams of revenue such as sale of replacement equipments and maintenance packages; and • The asset-light model is relatively new, therefore our Group can capitalise on being one of the early beneficiaries of the model. Status of implementation OCK shall comply with the conditions attached to our NFP license, including the obligation to build and own forty (40) telecommunications towers in the next one (I) year and subsequently fifty (50) telecommunications towers for each year thereafter up to year five (5). The estimated cost for each site is approximately RM0.35 million. These assets is expected to be depreciated on a straight-line basis over an estimated useful life of 25 years. The Group intends to finance the construction of the towers from a combination of proceeds from the listing exercise as well as internal funding and bank borrowings. (iii) Capitalising on Trends in Infrastructure Collaboration among Telecommunications Operators and Managed Services In response to Government’s call to optimise network deployment, telecommunications operators are joining forces to share network infrastructure resources to reduce premises/ tower rental expenditure, share set up costs and spread out transmission costs while increasing network coverage and depth. In view of this direction, major local telecommunications operators will be embarking on infrastructure consolidation, relocation and joint development work. This is a clear opportunity for our Group to capitalise on as our Group has existing expertise in turnkey services for telecommunications infrastructure. We intend to secure a portion of these future infrastructure projects via our existing business relationships with major telecommunications operators, especially within the cellular telecommunications market. The collaboration of DiGi and Celcom in 2011 has opened up opportunities for us as we are one of the three (3) service providers selected to carry out the deployment tasks for an integration project with an estimated value of RM400 million for infrastructure collaboration. The three (3) year frame agreements will allow us to carry out installation and dismantling of sites in tandem with both operators’ plans to consolidate their infrastructure. The project involves a total of approximately 12,000 sites. We intend to capture further similar opportunities from similar collaborations between telecommunications operators. With Malaysia’s infrastructure network growing rapidly, there is also a need to increase operational efficiency to optimise capital expenditure needs. The network effectiveness can be achieved not only by building new infrastructure but by also ensuring that current infrastructure is performing optimally and efficiently_ Our Group intends to expand our involvement in the area of managed services where we help telecommunications operators ensure this network effectiveness and efficiency through proper network operations and maintenance. Our Group had previously provided maintenance services to NSN and Alcatel-Lucent to maintain Celcom’s 3G radio base station and radio microwave equipment. The maintenance contracts were secured in 2007 and the revenue was Company No. 9559I5-M 6. BUSINESS OVERVIEW (Conl’d) recognised up to FYE 31 December 2008. Subsequent to FYE 31 December 2008, there is no income derived from maintenance services. We aim to promote our managed services further particularly to cellular telecommunications operators over the next three (3) years tapping into their focus of rationalisation of capital expenditure. We have recently entered into a maintenance contract with one of the technology partners to undertake such services for Central Region and East Malaysia. We are also currently exploring possibilities with one of our technology provider to provide maintenance services for their clients. We intend to spend approximately RM9.70 million as operational expense over the next one (I) year to capitalise on this trend. (iv) Incorporating Green Technology into Our Telecommunieations Infrastructure Increasing telecommunications infrastructure demand contributes to greater energy demand. With the increase of network traffic, power consumption will inerease proportionally to the number of base stations. Concurrent with global initiatives to reduce global warming and to promote sustainable energy consumption, green technologies and green energy are among the solutions highlighted to reduce energy consumption and a dependence on non-renewable energy sources. Understanding both the increase in infrastructure demand and the need for energy prudence, our Group has started to venture into the incorporation of green technologies into our infrastructure deployments. Due to the significant outdoor presence of telecommunications infrastructure, we are working towards incorporating solar energy utility at our client’s infrastructure facilities. We are currently exploring the use of solar panels for energy generation. We are also looking into optimising our system architecture for base stations in order to reduce energy usage. Through EI Power, we have already ventured into the integration of solar power generation systems, utilising solar power technology from Germany. We have successfully integrated generation systems for trial projects and will continue seeking new customers for this business in order to build our experience and expertise in this area of green energy. We expect to begin commercial implementation of solar power generation systems for telecommunieations infrastructure in 2014 and will finance such activities through project fmancing facilities and/or internally generated funds. The future potential for solar energy is present as Malaysia enjoys a hot, equatorial climate throughout the year, where it receives an average six (6) hours of sunlight a day. With the large number of base stations to be built contributing to heavy energy consumption, leading to a high cost of utility, the renewable solar energy can be beneficial to telecommunications operators in the long run as it reduces the operating expenditure of their infrastructure while reducing their contribution to global wanning. (v) Strengthening our Value Added Services (“VAS”) Offering We always look into various possibilities and opportunities to expand our offerings to enhance the quality of the user experience. Henceforth, we are fortifying our VAS offerings which will be beneficial to both our telecommunications clients as well as end-users of mobile telecommunications services. For telecommunications end-users. we will be offering applications that facilitate the transmission of multimedia (audio and visual) content over telecommunicalions networks. With the current demand for mulrimedia content in the telecommunicalions sector, the solution allows Ihe telecommunicarions operaLOr to increase revenue with minimum or no coSl upfront. To date, the principal has implemented the solution with various customers 1n Thailand. We have been in discussion with the principal and have started to market its products outside Thailand to countries such as Malaysia and Vietnam and have actively engaged with the major players in the telecommunications industry. We expect this solution will provide good contribution to our income as we intend to pursue a revenue sharing model for this multimedia-related VAS. Should our marketing efforts be successful, we will be implementing Company No. 955915-M 6. BUSINESS OVERVIEW (ColI/’d) system integration, management and maintenance trials with telecommunications operators which would potentially happen in 2012 whilst commercialisation of VAS is expected to take place in 2014. Another VAS we intend to market to telecommunications operators are network performance enhancement services. This VAS’s objective is to strengthen and optimise telecommunications’ signal quality. Operator service quality is crucial for our clients to build a competitive edge over other operators. As the telecommunications market becomes more competitive, quality of signal is an increasing cue to the credibility of an operator’s coverage. With the latest VAS offering, we are able to identifY and optimise the signal transmissions across various areas of different usage density. We are able to monitor usage at each base station and re-allocate bandwidth to higher-usage areas. We are working with principals from the United States and United Kingdom for this VAS offering and have currently begun marketing its products and services. We foresee system integration, management and maintenance trials with telecommunications operators in Vietnam which would potentially happen in 2012 whilst commercialisation ofVAS is expected to take place in 2014. No major expcnses will be made towards commercialisation of VAS as it is expected to be undertaken as joint ventures with relevant application companies. 6.16.2 Prospects The outlook for the telecommunications network services market in Malaysia remains positive and steady growth is projected throughout the forecast period of2011 to 2016 as reflected by the forecast market size and growth. The market is projected to grow from its estimated market size of RM5.80 billion in 2011 to RM6.70 billion in 2016 -registering a CAGR of2.9 percent. Given the relatively large scaled capital expenditure for new technology such as HSBB, the amount of investment is projected to slightly taper down after the initial large investment. outlay as the telecommunications carriers or operators are expected to spread the costs over a longer period and continue to monitor the level of demand for such services before committing further capital expenditure. Meanwhile, the ICT industry in general is expected to continue playing an important role in the Malaysian economy by helping to raise the nation’s overall productivity and competitiveness. The Malaysian Government expects the industry to contribute 10.2 percent of the nation’s GDP by 2015. The expected implementation of strategic lCT related plans under 10’h Malaysia Plan such as the fonnulation of a National Creative Industry Policy and the roll-out of the National Digital Terrestrial Television Broadcasting (DTTB) project as well as the HSBB and Broadband for the General Population (BBGP) under the on-going National Broadband initiatives is anticipated to propel the industry closer to the target. The selection of communications content and infrastructure sector as one of the National Key Economic Areas under the ETP has also boosted the outlook for the local telecommunications network services market. Given that the telecommunications network services market as well as its end-users belongs to the ICT industry, the continued proliferation and expansion projected for the ICT industry is expected to drive demand for telecommunications network services market. (Sollrce: I!vIR Report) Based on the outlook in the telecommunications network services market, our future plans and strategies and our competitive strengths as outlined in Section 6.5 of this Prospectus, our Board is of the view that we are positioned to enjoy growth in the foreseeable future. Whilst we recognise the market challenges in the industry and the risk factors as outlined in Section 4 of this Prospectus, we are committed to our business and our strategies to propel us to continue to prosper in our field.

 

 

 

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