table of contentsaeonretail.com.my/corporate/investor/annual/pdf/2006_2nd-part.pdf · 05 new store...

AEON CO. (M) BHD. ( 126926 - H )

TABLE OF CONTENTS

04 New Store Opening in Seremban 2, Negeri Sembilan05 New Store Opening in Johor Bahru, Johor 06 New Supermarket Concept07 Successful In-House Brands08 Tree Planting Ceremonies09 20th Anniversary Tree Planting Progress 10 Caring For Society12 Recognition of Excellence13 Human Resource Management14 Customer Service Enhancement

15 An Introduction to ÆON 16 Corporate Information and Directory, Corporate Calendar17 Share Price18 Five Years Financial Highlights20 Board of Directors21 Directors’ Profiles24 Senior Management25 Chairman’s Statement28 Review of Operations

CORPORATE GOVERNANCE36 Statement on Corporate Governance40 Terms of Reference of Audit Committee42 The Audit Committee43 Statement on Internal Control44 Other Information

FINANCIAL STATEMENTS46 Directors’ Report49 Balance Sheet50 Income Statement51 Statement of Changes in Equity52 Cash Flow Statement53 Notes to the Financial Statements68 Statement by Directors Statutory Declaration69 Report of the Auditors

OTHERS70 Analysis of Shareholdings71 List of 30 Largest Shareholders73 Particulars of Properties74 JUSCO Stores & Shopping Centers Directory75 Hightlights of the Year76 Milestones77 Notice of Annual General Meeting79 Notice of Dividend Payment80 Statement Accompanying Notice of Twenty-First Annual General Meeting81 Proxy Form

AEON CO. (M) BHD. ( 126926 - H ) AEON CO. (M) BHD. ( 126926 - H )

AEON CO. (M) BHD. offers shoppers a fresh, fun and more convenient way to experience great brands and smart prices with the grand opening of the JUSCO Seremban 2 Shopping Center, the very first community shopping center in Seremban. The soft opening was held on 26 September 2005 while the grand opening was held on 30 September 2005 and officiated by The Mentri Besar of Negeri Sembilan, Y. A. B. Dato’ Seri Utama Hj Mohamad bin Hj Hasan. The grand opening kicked-off with rewarding shopping promotions and fun-filled activities for the whole family. With a net lettable area of approximately 395,000 square feet,

JUSCO Seremban 2 Shopping Center is an innovatively designed shopping center with 100 tenants in two levels of retail space and 1,300 parking lots. Reflecting the concept of “Community Shopping Center”, JUSCO Seremban 2 Shopping Center has something for everyone. At the Ground Floor is the ever convenient supermarket, a string of fast food chains, fashion stores, the popular JUSCO Home Centre and so much more. On the First Floor is a shoppers’ haven for apparel for all ages, toys, beauty products, an entertainment zone,

SEREMBAN FOLKS EAGERLY EMBRACE JUSCO SEREMBAN 2

New Store Opening in Seremban 2, Negeri Sembilan

JUSCO TEBRAU CITY SPARKLES IN JOHORStanding tall, the brand new AEON Tebrau City Shopping Center opens its doors on 4 January 2006 with a soft opening, bringing world-class shopping, dining and entertainment under one roof to the city. The grand opening was held on 12 January 2006 and officiated by Minister of Information, YB Datuk Seri Panglima Abdul Kadir bin Hj. Sheikh Fadzir. AEON CO. (M) BHD. is proud that Johoreans now have access to what their cousins up north and down south have long enjoyed, right here at home - an international-level shopping center on par with those in Kuala Lumpur and Singapore. AEON

Tebrau City Shopping Center covers over 30 acres, with a net lettable area of approximately 690,000 square feet, encompassing 200 tenants and 3,800 parking lots, making it AEON’s biggest shopping center in Malaysia and one of Johor Bahru’s largest with JUSCO departmental store and supermarket as the main attraction. It was conceptualised as an all-in-one integrated shopping center, and its three floors have been divided into three concept “zones”, each with its own attractions. JUSCO Tebrau City is AEON CO. (M) BHD.’s 13th store in Malaysia and the third in Johor.

New Store Opening in Johor Bahru, Johor

Ground Floor

1st Floor

2nd Floor

gift ideas, cineplex for movie goers and lots more to cater to every need.

AEON CO. (M) BHD. offers shoppers a fresh, fun and more convenient way to experience great brands and smart prices with the grand opening of the JUSCO Seremban 2 Shopping Center, the very first community shopping center in Seremban. The soft opening was held on 26 September 2005 while the grand opening was held on 30 September 2005 and officiated by The Mentri Besar of Negeri Sembilan, Y. A. B. Dato’ Seri Utama Hj Mohamad bin Hj Hasan. The grand opening kicked-off with rewarding shopping promotions and fun-filled activities for the whole family. With a net lettable area of approximately 395,000 square feet,

JUSCO Seremban 2 Shopping Center is an innovatively designed shopping center with 100 tenants in two levels of retail space and 1,300 parking lots. Reflecting the concept of “Community Shopping Center”, JUSCO Seremban 2 Shopping Center has something for everyone. At the Ground Floor is the ever convenient supermarket, a string of fast food chains, fashion stores, the popular JUSCO Home Centre and so much more. On the First Floor is a shoppers’ haven for apparel for all ages, toys, beauty products, an entertainment zone,

SEREMBAN FOLKS EAGERLY EMBRACE JUSCO SEREMBAN 2

New Store Opening in Seremban 2, Negeri Sembilan

JUSCO TEBRAU CITY SPARKLES IN JOHORStanding tall, the brand new AEON Tebrau City Shopping Center opens its doors on 4 January 2006 with a soft opening, bringing world-class shopping, dining and entertainment under one roof to the city. The grand opening was held on 12 January 2006 and officiated by Minister of Information, YB Datuk Seri Panglima Abdul Kadir bin Hj. Sheikh Fadzir. AEON CO. (M) BHD. is proud that Johoreans now have access to what their cousins up north and down south have long enjoyed, right here at home - an international-level shopping center on par with those in Kuala Lumpur and Singapore. AEON

Tebrau City Shopping Center covers over 30 acres, with a net lettable area of approximately 690,000 square feet, encompassing 200 tenants and 3,800 parking lots, making it AEON’s biggest shopping center in Malaysia and one of Johor Bahru’s largest with JUSCO departmental store and supermarket as the main attraction. It was conceptualised as an all-in-one integrated shopping center, and its three floors have been divided into three concept “zones”, each with its own attractions. JUSCO Tebrau City is AEON CO. (M) BHD.’s 13th store in Malaysia and the third in Johor.

New Store Opening in Johor Bahru, Johor

Ground Floor

1st Floor

2nd Floor

gift ideas, cineplex for movie goers and lots more to cater to every need.

AEON CO. (M) BHD. ( 126926 - H )

AN INTRODUCTION TO AEON’S IN-HOUSE BRANDSTHE NEW JUSCO J-ONE SUPERMARKET

New Supermarket Concept

Successful In-House Brands

AEON CO. (M) BHD. ( 126926 - H )

ORANGE SORBET is a brand name that captures the sweet

flavours of a pre-teen girl’s life. Hence it is the perfect name for cool, teenage attire that reflects the easygoing lifestyle of youths! ORANGE SORBET gets young ladies ready for a brand new fashion sensation!

SAM is made up of cool street wear that’s perfect for

hanging out with college mates and friends.

Sporty, trendy look for the 4-10 year olds.This brand has a seamless range of apparel that boost the

athletic charm of your pride and joy!

This range c o m p r i s e s mainly young

and cool tees, jeans and other casual apparels for the chic ladies.

C o n t e m p o r a r y blouses, jackets, pants and skirts

that reveal the poise and charm of the millennium’s capable ladies.

ti:zed provides modern casuals for the family who appreciates fuss-free

fashion. It has a great variety of simple yet fun designs to accommodate an active lifestyle, giving you comfortable apparel which you will enjoy co-ordinating with the whole family.

ARCADIA caters to women who prefer sophisticated

elegance in the form of floral prints and ethnic patterns.

This range gives urban ladies a

delightful variety of attractive handbags and shoes suitable for formal and casual occasions.

This brand features everyday products like groceries, food items,

cookware, household and fabric cleaners, stationery and bedding, among others. With its amazing range of quality products, JUSCO SELECTION offers good quality and value-for-money products for the Malaysian families!

AEON CO. (M) BHD. officially opened another exciting supermarket concept store on 21 October 2005. With a focus on convenience and affordable prices, JUSCO J-One Supermarket is located at Damansara Damai and offers the residents of Park Avenue Condominium and its surrounding communities a new, convenient and rewarding shopping experience with convenient opening hours from 7 am to 11 pm from Monday

to Sunday. At approximately 9,400 square feet and as the main tenant at Park Avenue Condominium, JUSCO J-One Supermarket serves customers with a wide range of daily necessities that include fresh produce such as vegetables, local and imported fruits, frozen food, dairy products, dry grocery items, household needs such as cleaning products, cooking accessories, stationery and a food court.

AEON CO. (M) BHD. ( 126926 - H )

AN INTRODUCTION TO AEON’S IN-HOUSE BRANDSTHE NEW JUSCO J-ONE SUPERMARKET

New Supermarket Concept

Successful In-House Brands

AEON CO. (M) BHD. ( 126926 - H )

ORANGE SORBET is a brand name that captures the sweet

flavours of a pre-teen girl’s life. Hence it is the perfect name for cool, teenage attire that reflects the easygoing lifestyle of youths! ORANGE SORBET gets young ladies ready for a brand new fashion sensation!

SAM is made up of cool street wear that’s perfect for

hanging out with college mates and friends.

Sporty, trendy look for the 4-10 year olds.This brand has a seamless range of apparel that boost the

athletic charm of your pride and joy!

This range c o m p r i s e s mainly young

and cool tees, jeans and other casual apparels for the chic ladies.

C o n t e m p o r a r y blouses, jackets, pants and skirts

that reveal the poise and charm of the millennium’s capable ladies.

ti:zed provides modern casuals for the family who appreciates fuss-free

fashion. It has a great variety of simple yet fun designs to accommodate an active lifestyle, giving you comfortable apparel which you will enjoy co-ordinating with the whole family.

ARCADIA caters to women who prefer sophisticated

elegance in the form of floral prints and ethnic patterns.

This range gives urban ladies a

delightful variety of attractive handbags and shoes suitable for formal and casual occasions.

This brand features everyday products like groceries, food items,

cookware, household and fabric cleaners, stationery and bedding, among others. With its amazing range of quality products, JUSCO SELECTION offers good quality and value-for-money products for the Malaysian families!

AEON CO. (M) BHD. officially opened another exciting supermarket concept store on 21 October 2005. With a focus on convenience and affordable prices, JUSCO J-One Supermarket is located at Damansara Damai and offers the residents of Park Avenue Condominium and its surrounding communities a new, convenient and rewarding shopping experience with convenient opening hours from 7 am to 11 pm from Monday

to Sunday. At approximately 9,400 square feet and as the main tenant at Park Avenue Condominium, JUSCO J-One Supermarket serves customers with a wide range of daily necessities that include fresh produce such as vegetables, local and imported fruits, frozen food, dairy products, dry grocery items, household needs such as cleaning products, cooking accessories, stationery and a food court.

AEON CO. (M) BHD. ( 126926 - H )

GIVING BACK TO SOCIETY THROUGH POSITIVE COMMUNITY-FOCUSED INITIATIVES

Tree Planting Ceremonies

JUSCO Seremban 2 Shopping Center AEON CO. (M) BHD. continued its tradition with a Tree Planting Ceremony on 29 August 2005 in conjunction with the opening of its 12th store, JUSCO Seremban 2. The ceremony was officiated by The Mentri Besar of Negeri Sembilan, Y. A. B. Dato’ Seri Utama Hj Mohamad bin Hj Hasan. The event saw community participation of approximately 2,000 volunteers comprising AEON customers, school

children and teachers, nature lovers, government agencies, NGOs and AEON staff who altogether planted 3,300 saplings. This “Tree Planting Ceremony” at JUSCO Seremban 2 signifies the start of a lasting relationship between AEON and the people of Seremban.

AEON Tebrau City Shopping CenterThe traditional Tree Planting Ceremony was held on 10 December 2005 prior to the opening of our 13th store. Guest

of Honour, State Secretary of Johor, YB Dato’ Hj. Mohd Razali bin. Mahusin joined approximately 850 volunteers comprising AEON customers, J CARD members, suppliers, local residents, NGOs, army personnel and AEON staff to plant 6,000 saplings. The AEON Tebrau City Shopping Center tree planting ceremony signifies the deepening relationship between AEON and the people of Johor. It also demonstrates our commitment to give back to society through positive community-focused initiatives.

Paya Indah WetlandsIn commemoration with JUSCO’s 20 years in Malaysia, AEON CO. (M) BHD. held a tree planting ceremony on 15 September 2004 at Paya Indah Wetlands to honour its commitment in contributing towards nature preservation in Malaysia. In helping to green the earth, ÆON Co., Ltd. in Japan started the ÆON Environment Foundation since 1991. It has sponsored tree-planting activities in Sudan (Africa) and around the

Great Wall of China. To date, more than 5 million trees have been planted around the world by the foundation. AEON CO. (M) BHD. has since then held tree-planting activities in conjunction with new openings of its shopping centers. A visit to Malaysia by representatives of ÆON Environment Foundation to our Japan Friendship Forest AEON WOODLAND, Paya Indah was held in August last year. The purpose of this visit was to review the progress

of the area since the tree planting a year ago by AEON staff, invited customers, business associates and volunteers from Japan to mark its 20th Anniversary in Malaysia. AEON Woodland is now maturing with greenery and a big thank you to all involved in the tree planting activity at Paya Indah Wetlands in Dengkil, Selangor.

AEON CO. (M) BHD. ( 126926 - H )

Year 2004

Year 2005

Year 2006

JUSCO Seremban 2 Shopping Center Tree Planting.

AEON Tebrau City Shopping Center Tree Planting.

Tebrau City Tree Planting.AEON Tebrau City Shopping Center Tree Planting.

AEON WOODLAND AT PAYA INDAHWETLANDS

20th Anniversary Tree Planting Progress

AEON CO. (M) BHD. ( 126926 - H )

GIVING BACK TO SOCIETY THROUGH POSITIVE COMMUNITY-FOCUSED INITIATIVES

Tree Planting Ceremonies

JUSCO Seremban 2 Shopping Center AEON CO. (M) BHD. continued its tradition with a Tree Planting Ceremony on 29 August 2005 in conjunction with the opening of its 12th store, JUSCO Seremban 2. The ceremony was officiated by The Mentri Besar of Negeri Sembilan, Y. A. B. Dato’ Seri Utama Hj Mohamad bin Hj Hasan. The event saw community participation of approximately 2,000 volunteers comprising AEON customers, school

children and teachers, nature lovers, government agencies, NGOs and AEON staff who altogether planted 3,300 saplings. This “Tree Planting Ceremony” at JUSCO Seremban 2 signifies the start of a lasting relationship between AEON and the people of Seremban.

AEON Tebrau City Shopping CenterThe traditional Tree Planting Ceremony was held on 10 December 2005 prior to the opening of our 13th store. Guest

of Honour, State Secretary of Johor, YB Dato’ Hj. Mohd Razali bin. Mahusin joined approximately 850 volunteers comprising AEON customers, J CARD members, suppliers, local residents, NGOs, army personnel and AEON staff to plant 6,000 saplings. The AEON Tebrau City Shopping Center tree planting ceremony signifies the deepening relationship between AEON and the people of Johor. It also demonstrates our commitment to give back to society through positive community-focused initiatives.

Paya Indah WetlandsIn commemoration with JUSCO’s 20 years in Malaysia, AEON CO. (M) BHD. held a tree planting ceremony on 15 September 2004 at Paya Indah Wetlands to honour its commitment in contributing towards nature preservation in Malaysia. In helping to green the earth, ÆON Co., Ltd. in Japan started the ÆON Environment Foundation since 1991. It has sponsored tree-planting activities in Sudan (Africa) and around the

Great Wall of China. To date, more than 5 million trees have been planted around the world by the foundation. AEON CO. (M) BHD. has since then held tree-planting activities in conjunction with new openings of its shopping centers. A visit to Malaysia by representatives of ÆON Environment Foundation to our Japan Friendship Forest AEON WOODLAND, Paya Indah was held in August last year. The purpose of this visit was to review the progress

of the area since the tree planting a year ago by AEON staff, invited customers, business associates and volunteers from Japan to mark its 20th Anniversary in Malaysia. AEON Woodland is now maturing with greenery and a big thank you to all involved in the tree planting activity at Paya Indah Wetlands in Dengkil, Selangor.

AEON CO. (M) BHD. ( 126926 - H )

Year 2004

Year 2005

Year 2006

JUSCO Seremban 2 Shopping Center Tree Planting.

AEON Tebrau City Shopping Center Tree Planting.

Tebrau City Tree Planting.AEON Tebrau City Shopping Center Tree Planting.

AEON WOODLAND AT PAYA INDAHWETLANDS

20th Anniversary Tree Planting Progress

AEON CO. (M) BHD. ( 126926 - H )

(M) BHD.’s School Visit Programme introduced two years’ ago as part of its corporate citizen activity.The aim is to equip children with knowledge of the retail business and make them understand the value of money and subsequently learn about budgeting, money management and independence. At least two visits were arranged every month, each time featuring one of the thirteen JUSCO stores in the country. A total of 22 schools have been involved in the program so far.

The Cultural Dance Competition The Cultural Dance Competition for primary school children was successfully held in Alpha Angle Shopping Center on 24 September 2005. The event was sponsored by AEON CO. (M) BHD. with the support of the Ministry of Education. Sekolah Kebangsaan

Telok Pulai, Klang, won the first prize with their remarkable dance performance while Sekolah Kebangsaan Puchong Perdana emerged as the first runner-up. The winning team walked home with a trophy, a champion award plaque, RM3,000 worth of JUSCO vouchers, a RM500 hamper and a certificate of participation. The second team won the first runner-up award plaque, RM2,000 worth of vouchers, a RM300 hamper and a certificate of participation.

Giving Back To The Community Through Gotong-RoyongAs a responsible corporate citizen, AEON CO. (M) BHD. has plans to embark on quarterly basis Gotong- Royong projects that involve the participation of community members surrounding its outlets. In commemorating AEON’s 22nd year in

Malaysia, AEON outlets will conduct Gotong-Royong projects with their neighbouring communities every 22nd of March, June, September and December in 2006. The projects include painting walls, repairing defective facilities and gardening. Some of the organisations that have benefited from these meaningful projects are Kompleks Anak Yatim Darul Kifayah in Jalan Ipoh, Sekolah Rendah Section 2 in Wangsa Maju and Rumah Ilham Yayasan Anak-anak Yatim Pinggir in Taman Tun Dr. Ismail, Kuala Lumpur.

AEON ENGAGES IN A SERIES OF COMMUNITY PROJECTS

Caring for Society

Siti Dazzles Orphans From Negeri Sembilan The “Majlis Bersama Siti Nurhaliza” event was held at JUSCO Seremban 2 Shopping Center on 26 December 2005. Aimed at spicing up the year-end school holidays, Siti’s presence delighted orphans from 4 different orphanages in Negeri Sembilan. Siti also gave out souvenirs such as school bags and stationery to the orphans. At the end of the event, all orphans were treated to a delicious lunch at the McDonald’s outlet in JUSCO Seremban 2 Shopping Center.

Siti Does Charity At AEON Tebrau City Shopping CenterOn 22 January 2006, the ambassador for the “With All Our Hearts” (WAOH) Malaysian JUSCO Foundation, Siti Nurhaliza shared a memorable time with

40 orphans from around Johor Bahru. She performed a few of her popular songs followed by the distribution of goodie bags to the orphans. The cuddly “With All Our Hearts” Charity Bears were also sold to the public to raise funds for the WAOH Malaysian JUSCO Foundation during the event. The event received an overwhelming response from the public.

Malaysian JUSCO Foundation Hands Over The “Rumah Tunas Harapan Sepenuh Hati”The first “Rumah Tunas Harapan Sepenuh Hati”, sponsored by the “With All Our Hearts” (WAOH) Malaysian JUSCO Foundation was handed over to the Social Welfare Department Malaysia on 13 April 2006. Minister of Women, Family and Community Development, Yang Berhormat Dato’ Seri Shahrizat Bt. Abd Jalil officiated the ceremony. The

WAOH Malaysian JUSCO Foundation was responsible for purchasing the house and renovating it, as well as procuring all the home appliances and household items. The “Rumah Tunas Harapan Sepenuh Hati” was also provided with furniture donated by LCL Furniture Sdn. Bhd.’s Sport and Welfare Club, in the hope of letting the children live in a comfortable and conducive environment. The Malaysian JUSCO Foundation’s primary responsibility is to raise funds through various means including organising special events. To date, it has raised and donated over RM1.9 million to various organisations and needy individuals.

Educational Visit at JUSCO Stores 40 primary students of SK Seri Suria visited JUSCO Taman Maluri, Cheras for an educational visit. The event was held under AEON CO.

Siti at S2Buka Puasa

AEON CO. (M) BHD. ( 126926 - H )

(M) BHD.’s School Visit Programme introduced two years’ ago as part of its corporate citizen activity.The aim is to equip children with knowledge of the retail business and make them understand the value of money and subsequently learn about budgeting, money management and independence. At least two visits were arranged every month, each time featuring one of the thirteen JUSCO stores in the country. A total of 22 schools have been involved in the program so far.

The Cultural Dance Competition The Cultural Dance Competition for primary school children was successfully held in Alpha Angle Shopping Center on 24 September 2005. The event was sponsored by AEON CO. (M) BHD. with the support of the Ministry of Education. Sekolah Kebangsaan

Telok Pulai, Klang, won the first prize with their remarkable dance performance while Sekolah Kebangsaan Puchong Perdana emerged as the first runner-up. The winning team walked home with a trophy, a champion award plaque, RM3,000 worth of JUSCO vouchers, a RM500 hamper and a certificate of participation. The second team won the first runner-up award plaque, RM2,000 worth of vouchers, a RM300 hamper and a certificate of participation.

Giving Back To The Community Through Gotong-RoyongAs a responsible corporate citizen, AEON CO. (M) BHD. has plans to embark on quarterly basis Gotong- Royong projects that involve the participation of community members surrounding its outlets. In commemorating AEON’s 22nd year in

Malaysia, AEON outlets will conduct Gotong-Royong projects with their neighbouring communities every 22nd of March, June, September and December in 2006. The projects include painting walls, repairing defective facilities and gardening. Some of the organisations that have benefited from these meaningful projects are Kompleks Anak Yatim Darul Kifayah in Jalan Ipoh, Sekolah Rendah Section 2 in Wangsa Maju and Rumah Ilham Yayasan Anak-anak Yatim Pinggir in Taman Tun Dr. Ismail, Kuala Lumpur.

AEON ENGAGES IN A SERIES OF COMMUNITY PROJECTS

Caring for Society

Siti Dazzles Orphans From Negeri Sembilan The “Majlis Bersama Siti Nurhaliza” event was held at JUSCO Seremban 2 Shopping Center on 26 December 2005. Aimed at spicing up the year-end school holidays, Siti’s presence delighted orphans from 4 different orphanages in Negeri Sembilan. Siti also gave out souvenirs such as school bags and stationery to the orphans. At the end of the event, all orphans were treated to a delicious lunch at the McDonald’s outlet in JUSCO Seremban 2 Shopping Center.

Siti Does Charity At AEON Tebrau City Shopping CenterOn 22 January 2006, the ambassador for the “With All Our Hearts” (WAOH) Malaysian JUSCO Foundation, Siti Nurhaliza shared a memorable time with

40 orphans from around Johor Bahru. She performed a few of her popular songs followed by the distribution of goodie bags to the orphans. The cuddly “With All Our Hearts” Charity Bears were also sold to the public to raise funds for the WAOH Malaysian JUSCO Foundation during the event. The event received an overwhelming response from the public.

Malaysian JUSCO Foundation Hands Over The “Rumah Tunas Harapan Sepenuh Hati”The first “Rumah Tunas Harapan Sepenuh Hati”, sponsored by the “With All Our Hearts” (WAOH) Malaysian JUSCO Foundation was handed over to the Social Welfare Department Malaysia on 13 April 2006. Minister of Women, Family and Community Development, Yang Berhormat Dato’ Seri Shahrizat Bt. Abd Jalil officiated the ceremony. The

WAOH Malaysian JUSCO Foundation was responsible for purchasing the house and renovating it, as well as procuring all the home appliances and household items. The “Rumah Tunas Harapan Sepenuh Hati” was also provided with furniture donated by LCL Furniture Sdn. Bhd.’s Sport and Welfare Club, in the hope of letting the children live in a comfortable and conducive environment. The Malaysian JUSCO Foundation’s primary responsibility is to raise funds through various means including organising special events. To date, it has raised and donated over RM1.9 million to various organisations and needy individuals.

Educational Visit at JUSCO Stores 40 primary students of SK Seri Suria visited JUSCO Taman Maluri, Cheras for an educational visit. The event was held under AEON CO.

Siti at S2Buka Puasa

AEON CO. (M) BHD. ( 126926 - H )

ENHANCING THE SKILLS OF AEON STAFF Human Resource ManagementAEON RECEIVES MULTIPLE PRESTIGIOUS

AWARDS

Recognition of Excellence

Retail World Recognises JUSCO’s Excellence in Three CategoriesAEON CO. (M) BHD. is honoured to be held in high regard by Retail World Asia, a publishing company that established the Retail World Excellence Awards to acknowledge retailers who practice good business ethics. Our outstanding AEON staff, Mary Ang May Lee, won the prestigious Buyer of The Year award. The supermarket in JUSCO Melaka also did the company proud by winning the Platinum Award, which is the most distinguished honour in the supermarket category. JUSCO Wangsa Maju Store also received a nominee award for the Departmental Store category.

Retail Asia Pacifi c Top 500 Silver AwardRecently, AEON CO. (M) BHD. won the Retail Asia Pacific Award. This

event was held in conjunction with the Asian Round Table Retail Forum and Top 500 Retail Asia Pacific Award Ceremony at Shangri-La Hotel in Beijing, China. AEON CO. (M) BHD. was awarded Retail Asia Pacific 500 Silver Award. AEON CO. (M). BHD. was represented by Encik Rashid Adam, General Manager of Corporate Affairs. The award was presented by Mr. Nick Debnam, Chairman of Practical Consumers Marketing KPMG Asia Pacific.

JUSCO Taman Maluri Wins Retail Excellence Award 2005/2006 MalaysiaOn 24 November 2005, JUSCO Taman Maluri was announced as the overall best winner by Malaysian Retailers Association (MRA) in the Service & Courtesy Excellence Award for Retailers 2005/2006 campaign. Encik Mohamad Thaheer Packeer, the Store Manager received

the award that was presented by Minister of Domestic Trade and Consumer Affairs, Datuk Mohd Shafie Apdal. JUSCO Taman Maluri also bagged two other awards in the sub-sector categories which is the shopping center category and supermarket category. This is an honour for AEON CO. (M) BHD., in line with the company’s philosophy of “Customer First”. The quality service and courteous excellence of the staff brought about this success.

Japan Management TraineesOn 6 February 2006, a Welcome Home Ceremony for the 11th batch

Japan Management Trainees was held at our Headquarter. The purpose of the ceremony was for the trainees to share with the management and staff their experiences gained during their stay in Japan. The meeting also discussed ways of adding value toward making shopping a more enjoyable and memorable activity for customers.

JUSCO-OUM Retail Academy In line with the company’s mission to modernise the retail industry, AEON embarked on a new apprentice scheme to improve the quality of skilled manpower in this sector. AEON entered into an agreement with

Open University Malaysia (OUM) to launch the first local retail academy to provide academic qualification to AEON employees and interested school leavers to create more skilful workers in the retail industry. On 18 March 2006, a Convocation for the first and second batch of the Diploma In Management (Retailing) course successfully completed their course and graduated with flying colours. What makes it more memorable was when three of AEON’s staff were presented with the University Book Prize Recipients Award for their excellent academic achievement.

Fish Skill TrainingFish Skill Training was conducted on 14 and 15 March 2006 at the Mid Valley Meeting Room by En. Hasnizal,

Fish Merchandiser. The objective of the training was to improve the quality and safety of seafood preparation, minimising food wastage, avoiding food contamination during food preparation and providing better customer service equipped with better product knowledge.

Produce Skill TrainingFollowing up on the Perishable Skill Training, a 2-day Produce Skill Training was held on the 29 and 30 March 2006 at our HQ Training Room. Cik Meha, Quality Controller, conducted the 2-day training. The objectives of the training were to improve the quality and safety of fresh fruits and vegetable preparation and minimise food wastage.

AEON CO. (M) BHD. Employees Graduated:Batch No. of students Graduation date

Diploma In Management (Retailing) 1 28 18 March 2006

Retail World Excellent Award 2006-2007 Retail World Excellent Award 2005-2006 Retail Asia Pacific 500 Silver Award

Batch No. of students

Diploma In Management (Retailing) 3 50

AEON CO. (M) BHD. Employees (Current Students):

AEON CO. (M) BHD. Employees Graduated: Batch No. of students Graduation date

Career Certificate in Retail Operations 4 27 5 May 2005

Career Certificate in Retail Operations 5 32 28 September 2005