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70 I 2020 ANNUAL REPORT I financial reports
Directors’ report
iMMeDiate anD UltiMate HolDinG coMpanies
The Directors regard Malaysia Hengyuan International Limited (“MHIL”), a company incorporated in Labuan, Malaysia and
Shandong Hengyuan Petrochemical Group Company Limited, a company incorporated in China, as the Company’s immediate and
ultimate holding companies respectively.
aUDitors’ reMUneration
Details of auditors’ remuneration are set out in Note 9 to the financial statements.
aUDitors
The auditors, PricewaterhouseCoopers PLT (LLP0014401-LCA & AF 1146), have expressed their willingness to accept re-appointment
as auditors.
This report was approved by the Board of Directors on 26 March 2021. Signed on behalf of the Board of Directors:
WanG, YoUDe alan HaMZaH senDUt
DIRECTOR DIRECTOR
