Until now, the strategy has concentrated on re-balancing our portfolio and strengthening our business foundations, which emphasize cash-flow-focused management. In 2017, we re-categorized the sectors in which we operate based on how resistant or vulnerable they are to market risks (internally, we refer to these as "Business-related" and "Market-related" sectors respectively). We feel confident that we are nearing our optimum portfolio balance.

Recognizing how Googolplex Holdings Berhad’s frontline businesses are continuing to shift to its subsidiaries and affiliates, we reorganized our relationships with those companies and assessed the state of GHB consolidated management from several perspectives. We will continue these reviews in 2018 to help us set down concrete action plans in all sectors.

GHB will continue to leverage the foresight and execution skills of its employees to identify growth potential in all of its businesses. Our challenge is to build the company's next generation of earnings drivers, and in meeting that challenge we will be focusing on three core concepts: Agency, Development and Hospitality to be integrated seamlessly using the latest technology. Success there will ensure that GHB continues to create sustainable corporate value by simultaneously generating economic, societal, and environmental value.

Once again, we ask for your support in the year ahead.



Sincerely,
Christopher Liang
Group Chief Executive Officer