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Transcript of on cover Our Home - 51% PEMBANGUNAN PRIMER SDN BHD 51% PUNCAK GAMA SDN BHD 51% UTUH ASPIRASI SDN BHD

annual report 2008

on cover

Our Homeupholding strength, fulfilling dreams

new launch

Iris Gardendesign for healty & comfort living

CONTENTS3 Corporate Structure 4 Corporate Information 6 Group Financial Highlights

8 Chairmans Statement 12 Managing Directors Review of Operations 20 Board of Directors22 Directors Profile 28 Management Team 30 Corporate Calendar 33 Corporate Governance Statement

40 Audit Committe Report 44 Statement of Internal Control 45 Corporate Social Responsibility47 Recurrent Related Party Transactions 51 Financial Statements 145 List of Properties

147 Analysis of Shareholdings/Irredeemable Convertible Unsecured Loan Stockholdings/Warrants Holdings156 Notice of Ninth Annual General Meeting

165 Statement Accompanying Notice of Annual General Meeting of the CompanyFORM OF PROXY

Living in Comfort Harmony

Finding a comfortable home is the ultimate aim for one'sliving and this need can cost more than what a person couldafford monetarily. In fulfilling this dream one must be able todiscover the home partner that could realise this at anaffordable value. For LBS, being a developer to help them inmaking their comfortable home ownership dream a reality isitself a great challenge. For LBS, holding such responsibilityand commitment to the society and delivering this dream to thepeople has always been LBS goal in achieving its success.

COVER RATIONALE

annual report 2008

on cover

Our Homeupholding strength, fulfilling dreams

new launch

Iris Gardendesign for healty & comfort living

CORPORATE VISIONTo gain recognition as a responsible and reputable property developer.

CORPORATE MISSIONTo constantly strive to uphold our ability in

- Building affordable and quality homes (to our purchasers)

- Enhancing shareholder's value (to our shareholders)

- Providing a good career path and at the same time, being a caringemployer (to our employees)

- Fulfilling our social responsibilities as a mindful and good corporate citizen (to our community)

SEAMLESSBEAUTYA LANDSCAPE THAT AMAZED YOU.

LBS BINA GROUP BERHADANNUAL REPORT 20082/3

Corporate Structureas at 30 April 2009

60%

HEALTHGUARDMEDICARE SDN BHD

100% TEPUKAN SENJA SDN BHD90% GALERI CEKAP SDN BHD80% PRIMA UTUH SDN BHD71% GENERASI SIMBOLIK

SDN BHD70% ALUNAN PRESTASI

SDN BHD70% FOKUS AWANA SDN BHD70% INTELSTYLE SDN BHD70% JAUHARI UNGGUL

SDN BHD70% JOHAN ANGGUN SDN BHD70% PRISTINE SUNRISE (M)

SDN BHD55% SEPADAN MAJU SDN BHD51% AZAM PERSPEKTIF SDN BHD51% BAYU CERGAS SDN BHD51% JATIDIRI GIGIH SDN BHD51% MAYANG JELATEK

SDN BHD51% PEMBANGUNAN PRIMER

SDN BHD51% PUNCAK GAMA SDN BHD51% UTUH ASPIRASI SDN BHD35% USAHA SEMARAK SDN BHD35% CASA INSPIRASI SDN BHD30% DATARAN ENIGMA

SDN BHD30% SAMBUNGAN AKTIF

SDN BHD30% SELOKA KUALITI SDN BHD30% WIRAMA ERA BARU

SDN BHD

100% ADIL RESTU SDN BHD100% ANGSANA ABADI SDN BHD 100% CERGAS ASAL (M) SDN BHD100% EQUAL ALLIANCE SDN BHD100% EQUAL SIGN SDN BHD100% FOCAL REMEDY SDN BHD100% GENERASI NOSTALGIA

SDN BHD100% INDERALOKA IMPIAN

SDN BHD100% INTELLVIEW SDN BHD100% KALIMAH JAYA SDN BHD

51% UTUH SEJAGATSDN BHD

100% KILATLIMA SDN BHD100% LBS CAPITAL SDN BHD100% LBS MAJU SDN BHD100% LBS PROPERTIES SDN BHD100% MAJU KAMABISA SDN BHD100% MISI AKTIF SDN BHD100% MITC SDN BHD

51% MITC ENGINEERING SDN BHD

100% PELANGI HOMES SDN BHD100% PRISMA KASTURI SDN BHD100% SAGA MEGAH SDN BHD100% SERIBU BAIDURI SDN BHD100% SINARAN RESTU SDN BHD

100% DOLOMITE SUNGAISIPUT SDN BHD

100% JUARAPLEX SDN BHD100% KENDERONG

SDN BHD100% KERANJI BINA

SDN BHD100% LINGKARAN

SEMANGAT SDN BHD100% PACIFIC GRANT

SDN BHD100% SILIBIN JAYA

SDN BHD55% NILAM MEWAH

SDN BHD

100%

LBS BINA HOLDINGSSDN BHD

100%

SAGA SERATASDN BHD

60%

SPJ CONSTRUCTIONSDN BHD

100%

MAJU KEPUNYAANSDN BHD

100%

LBS LANDSCAPESDN BHD

100%

DRAGON HILLCOPORATION LIMITED

100%

INTELLPLACEHOLDINGS LIMITED

100%

LINKWAY PROPERTYCO., LTD

100%

LAMDEALCONSOLIDATEDDEVELOPMENT

LIMITED

100%

LAMDEAL GOLF& COUNTRY

CLUB LIMITED

60%

ZHUHAIINTERNATIONAL

CIRCUITCONSOLIDATEDDEVELOPMENT

LIMITED

60%

ZHUHAIINTERNATIONALCIRCUIT GOLF &COUNTRY CLUB

LIMITED

100%

ZHUHAIINTERNATIONAL

CIRCUITCONSOLIDATEDDEVELOPMENT

(HK) LIMITED

100%

LAKEWOODGOLF &

COUNTRYCLUB (HK)LIMITED

BVI

HK

HKHK

PRCPRC

HK

HK

BVI - The British Virgin IslandsHK - Hong KongPRC - The Peoples Republic of China

BVI

Corporate Information

AUDIT COMMITTEE

Dato' Kamaruddin binAbdul Ghani (Chairman)

Maj Jen (B) Dato'Mohamed Isa bin Che Kak

Dato' Wong Woon Yow

Kong Sau Kian

NOMINATION ANDREMUNERATIONCOMMITTEE

Kong Sau Kian (Chairman)

Dato' Kamaruddin binAbdul Ghani

Dato' Lim Hock San

Datuk Lim Hock Guan

Tan Sri Dato' Seri (Dr) HajiAbu Hassan bin Haji Omar

Maj Jen (B) Dato'Mohamed Isa bin Che Kak

ESOS COMMITTEE

Maj Jen (B) Dato'Mohamed Isa bin Che Kak(Chairman)

Datuk Lim Hock Guan

Chia Lok Yuen

Mohd Fazil bin Shafie

Kong Sau Kian

Tan Sri Dato' Seri (Dr) HajiAbu Hassan bin Haji OmarPSM, SPMS, SMT, PIS,FCILT, FMIP (Independent Non-ExecutiveDirector)

Maj Jen (B) Dato'Mohamed Isa bin Che KakJSD, KMN, PPT, SMP,DSDK, JMN, DPTS, PSAT(Independent Non-ExecutiveDirector)

Dato' Wong Woon YowDSSA (Independent Non-ExecutiveDirector)

Mohd Fazil bin Shafie (Independent Non-ExecutiveDirector)

Kong Sau Kian(Independent Non-ExecutiveDirector)

BOARD OF DIRECTORS

Dato' Seri Lim Bock SengSSSA, DPMS, AMN (Chairman)

Dato' Kamaruddin binAbdul GhaniDIMP, SMP, AMN(Vice Chairman and SeniorIndependent Non-ExecutiveDirector)

Dato' Lim Hock SanDSSA, JP (Managing Director)

Datuk Lim Hock GuanDMSM, PJK, JP(Executive Director)

Dato' Lim Hock SingDIMP, JP (Executive Director)

Datuk Lim Hock Seong DMSM(Executive Director)

Chia Lok Yuen(Executive Director)

LBS BINA GROUP BERHADANNUAL REPORT 20084/5

RISK MANAGEMENTCOMMITTEE

Dato' Lim Hock San(Chairman)

Datuk Lim Hock Guan

Chia Lok Yuen

Chang Yee Khim

Chew Wee Seong

Yeoh Keong Hoong

COMPANY SECRETARIES

Lee Ching Ching

Phang Ai Tee

REGISTERED OFFICE

Plaza Seri Setia Level 1-4No. 1 Jalan SS9/247300 Petaling JayaSelangor Darul Ehsan Tel : 603 7877 7333 Fax : 603 7877 7111

BUSINESS ADDRESSES

HEAD OFFICEPlaza Seri Setia Level 1-4No. 1 Jalan SS9/247300 Petaling JayaSelangor Darul EhsanMalaysiaTel : 603 7877 7333 Fax : 603 7877 7111

IPOHNo. 17 Medan Ipoh 1AMedan Ipoh Bistari31400 IpohPerak Darul RidzuanMalaysiaTel : 605 255 8820Fax : 605 254 4225

CAMERON HIGHLANDSB-G-10 & B-G-12 Block B Jalan Royal Lily 1Taman Royal Lily39000 Tanah RataCameron HighlandsPahang Darul MakmurMalaysiaTel : 605 491 5018Fax : 605 491 5020

BATU PAHATNo. 22 Jalan KundangTaman Bukit Pasir83000 Batu PahatJohor Darul Takzim MalaysiaTel : 607 438 8688Fax : 607 438 8233

REGISTRAR

Epsilon Registration ServicesSdn Bhd (629261-T)Level 17 The GardensNorth TowerMid Valley CityLingkaran Syed Putra59200 Kuala LumpurMalaysiaTel : 603 2264 3883Fax : 603 2282 1886

corporate information

SOLICITORS

Cheah Poh Gek & AssociatesManjit Singh Sachdev,Mohammad Radzi & PartnersRashid Asari & Co.Steven Tai, Wong & Partners

AUDITORS

UHY Diong

PRINCIPAL BANKERS

Affin Bank BerhadAmBank (M) BerhadBank Kerjasama Rakyat Malaysia BerhadCIMB Bank BerhadExport-Import Bank of Malaysia BerhadHSBC Bank Malaysia BerhadPublic Bank Berhad

STOCK EXCHANGE LISTING

Main Board,Bursa Malaysia Securities Berhad

WEBSITE

www.lbs.com.my

EMAIL

cs@lbs.com.my

Groups Financial

Highlights

Financial Calendar

2003 2004 2005 2006 2007 2008RM000 RM000 RM000 RM000 RM000 RM000

Results

Revenue 344,962 398,314 456,412 328,712 281,298 261,254Profit before taxation 50,855 67,627 69,690 16,025 13,780 10,294Profit after minority interest 33,199 46,009 36,983 4,622 5,603 21,499

Balance sheet as at 31 december

Paid-up capital 310,909 373,696 378,110 384,239 385,192 386,212Shareholders fund 245,595 351,103 378,734 381,912 394,231 438,817Net tangible assets 233,475 309,670 331,019 332,187 300,426 345,317

Per ordinary share (Sen)Net tangible assets 75.1 82.9 87.5 86.5 78.0 89.4Earning per share 11.6 12.8 9.8 1.22 1.46 5.58Gross dividend 5.50 5.50 3.25 - - -

Financial Year Ended 31 December 2008

Announcement of Quarterly Results: -First Quarter ended 31 March 2008 28 May 2008Second Quarter ended 30 June 2008 27 August 2008Third Quarter ended 30 September 2008 26 November 2008Fourth Quarter ended 31 December 2008 25 February 2009

Publishing of Annual Report and Audited Financial Statement Issuance Date 3 June 2009

Annual General Meeting 25 June 2009

500,000

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