Wah Seong Corporation Berhad Annual Report 2019

23 ANNUAL REPORT 2019 OVERVIEW OF THE GROUP’S BUSINESS AND OPERATIONS, ITS OBJECTIVES AND STRATEGIES Wah Seong Corporation Berhad (“WSC” or “the Company”) is an investment holding company with business interest in three distinct business segments, namely, oil and gas, renewable energy and industrial trading and services (collectively referred to as the “Group”). Consistent with the disclosure of business segments in the financial statements and the discussion and analysis presented last year, discussion of factors affecting the Company’s performance and risk will be deliberated by segments. MANAGEMENT DISCUSSION AND ANALYSIS CHAN CHEU LEONG Managing Director/Group Chief Executive Officer