AI assistant
SNS NETWORK TECHNOLOGY BERHAD Annual Report 2026
71513_rns_2026-05-24_00689bf1-a3aa-45d0-ad59-96b967b416ff.pdf
Annual Report
Open in viewerOpens in your device viewer
SNS
NETWORK
SNS NETWORK TECHNOLOGY BERHAD
(Registration No. 201601002835 (1173761-W))
POWERING MALAYSIA'S DIGITAL & AI TRANSFORMATION
2025
ANNUAL REPORT
WHAT'S INSIDE
THIS REPORT
| 2 | About Us | 36 | Sustainability Statement |
|---|---|---|---|
| 4 | Our Vision & Mission | 87 | Corporate Governance Overview Statement |
| 5 | Our Core Values | 97 | Audit and Risk Management Committee Report |
| 6 | SNS AI Factory: Driving the Next Phase of AI Transformation | 101 | Statement on Risk Management and Internal Control |
| 8 | Corporate Information | 105 | Additional Compliance Information |
| 9 | Corporate Structure | 110 | Directors’ Responsibility Statement |
| 10 | Corporate Milestone | 111 | Financial Statements |
| 13 | Chairman’s Statement | 190 | Group’s Properties |
| 15 | Financial Highlights | 192 | Analysis of Shareholdings |
| 18 | Management’s Discussion and Analysis | 195 | Notice of Annual General Meeting Proxy form |
| 25 | Profile of Directors | ||
| 33 | Profile of Key Senior Management |
2026
Annual General Meeting
DATE & TIME
Thursday, 16 July 2026 at 10.30 a.m.
MEETING VENUE
Kinta 2 Hall, Hotel Travelodge Ipoh,
Jalan Raja Dihilir, 30350 Ipoh,
Perak Darul Ridzuan
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
ABOUT US
Our journey began in 1998 when SNS was established with its headquarters situated in the vibrant city of Ipoh, Perak. Today, we stand as a prominent Information Communication Technology ("ICT") solution provider with a dynamic team of over 300 highly skilled professionals, dedicated to delivering excellence in every facet of our operations.
Our commitment to innovation, coupled with the expertise of our workforce, ensures that SNS remains at the forefront of the ever-evolving ICT landscape, continuously providing cutting-edge solutions tailored to meet the diverse needs of our clientele including end consumers, small and medium-sized enterprises ("SMEs"), large corporations and government institutions.
Annual Report 2026
3
ABOUT US
Cont'd
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
OUR VISION & MISSION
Make Life Easy With Technology
Empowering simplicity through innovative technology, we pave the way for a smoother and more efficient lifestyle.
To be the most essential Information Communication Technology ("ICT") provider for Consumers and Businesses
To be a platform for employees to grow as successful as the company
To be a Global ICT Company
Annual Report 2026
5
OUR CORE VALUES
CORE VALUES
Customer Centric
We emphasise on fostering customers' loyalty and trust. We listen and engage with our customers seeking to go beyond their expectations.
Teamwork
We believe that the collaboration of individual accountability and credibility is the essential key to success in any organisation. We foster and appreciate the best ideas as well as values of multiple perspectives within our organisation.
Quality of Products and Services
We are committed to winning with integrity. Everyone who works for us is empowered and expected to deliver the best quality in products, customer relationships, pre and post sales support.
Embrace Changes
Changes occur for us to stay competitive, constructive and creative in the market. We are committed to embrace, adapt and support changes that take place in ideas, policies, leadership, processes and technologies.
A Place To Excel
We believe each individual is born with unique talents. To turn our mission into reality, we believe we must fully expand one's capabilities and extend one's boundaries. We actively seek innovations and ideas that could transform the industry.
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
SNS AI FACTORY: DRIVING THE NEXT PHASE OF AI TRANSFORMATION
Leading the Evolution of AI Innovation
Following the successful launch of SNS AI Factory in Financial Year Ended 31 January 2026 ("FYE 2026"), SNS Network Technology Berhad ("SNS" or the "Company") has continued to strengthen its position as a key enabler of Malaysia's artificial intelligence ("AI") ecosystem by expanding adoption of its GPU-as-a-Service ("GPUaaS") offerings and supporting organisations in their AI transformation journey.
Powered by 64 NVIDIA Hopper graphics processing units ("GPUs") across eight Dell PowerEdge XE9680 servers and supported by NVIDIA Quantum-2 InfiniBand and hosted locally in Malaysia, SNS AI Factory provides enterprises, government agencies, and research institutions with scalable and secure AI cloud infrastructure, enabling accelerated deployment of AI-driven solutions while ensuring compliance with local data sovereignty requirements.
Driving Enterprise AI Adoption
As demand for AI capabilities continues to rise across industries, SNS AI Factory has become a critical platform supporting organisations in:
- AI model training and inferencing
- Advanced analytics and machine learning workloads
By removing the need for significant upfront infrastructure investments, SNS enables businesses to adopt AI faster, more efficiently, and with greater operational flexibility.
Annual Report 2026
SNS AI FACTORY: DRIVING THE NEXT PHASE OF AI TRANSFORMATION
Cont'd
Strengthening Malaysia's Sovereign AI Ecosystem
SNS remains committed to supporting Malaysia's digital ambitions through locally hosted AI infrastructure that prioritises:
Data Sovereignty & Security
Ensuring sensitive workloads remain within Malaysia's borders in compliance with regulatory and enterprise governance requirements.
Scalable Infrastructure
Allowing customers to scale AI workloads based on evolving business needs.
Expert-Led Enablement
Providing AI readiness assessments, technical consultation, and implementation support to accelerate adoption.
Looking Ahead
As we move into the next financial year, SNS will continue to expand its AI capabilities and ecosystem initiatives to meet the growing demand for AI solutions. Our priorities include:
- Increasing AI infrastructure capacity to support larger workloads and more industries
- Driving AI adoption across enterprise, public sector, and education
- Enhancing AI education and enablement programs
- Fostering strategic partnerships to accelerate innovation and industry transformation
SNS remains dedicated to enabling organisations to innovate confidently and helping Malaysia establish itself as a regional leader in AI-driven digital transformation.
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
CORPORATE INFORMATION
BOARD OF DIRECTORS
Dato' Zulkapli Bin Ahmad
Independent Non-Executive
Chairman
Ko Yun Hung
Managing Director
Pah Wai Onn
Executive Director
Siow Wei Ming
Executive Director
Dato' F'ng Meow Cheng
Independent Non-Executive Director
Maylee Gan Suat Lee
Independent Non-Executive Director
Prof. Dr. Anna Azriati Binti Che Azmi
Independent Non-Executive Director
AUDIT AND RISK MANAGEMENT COMMITTEE
Chairman
Dato' F'ng Meow Cheng
Member
Maylee Gan Suat Lee
Prof. Dr. Anna Azriati Binti Che Azmi
REMUNERATION COMMITTEE
Chairman
Prof. Dr. Anna Azriati Binti Che Azmi
Member
Maylee Gan Suat Lee
Dato' F'ng Meow Cheng
NOMINATION COMMITTEE
Chairman
Maylee Gan Suat Lee
Member
Dato' F'ng Meow Cheng
Prof. Dr. Anna Azriati Binti Che Azmi
COMPANY SECRETARY
Chan Eoi Leng
(SSM PC No. 202008003055)
(MAICSA 7030866)
Chong Kwai Yoong
(SSM PC No. 202308000244)
(MAICSA 7075434)
REGISTERED OFFICE
37B, Jalan Basco Kepayang 1
Basco Avenue @ Kepayang
31400 Ipoh, Perak
Telephone: (+605) 541 7618
Fax: (+605) 541 7618
Email: [email protected]
HEAD OFFICE
61, Jalan Sultan Nazrin Shah
30250 Ipoh
Perak
Telephone: (+605) 242 4616
Fax: (+605) 243 4389
Email: [email protected]
Website: www.sns.com.my
AUDITORS
Crowe Malaysia PLT
(LLP0018817-LCA)
Chartered Accountants (AF 1018)
59C, Hala Pusat Perdagangan Canning 1
Pusat Perdagangan Canning II
30350 Ipoh
Perak
Telephone: (+605) 237 8800
Fax: (+603) 2788 9998
SHARE REGISTRAR OFFICE
Boardroom Share Registrars
Sdn Bhd
(199601006647 (378993-D))
Level 11, Menara Symphony
5, Jalan Prof. Khoo Kay Kim
Seksyen 13
46200 Petaling Jaya
Selangor
Telephone: (+603) 7890 4700
Fax: (+603) 7890 4670
Email: [email protected]
STOCK EXCHANGE LISTING
MAIN Market of Bursa Malaysia
Securities Berhad
Stock Name: SNS
Stock Code: 0259
Sector: Technology
Annual Report 2026
CORPORATE STRUCTURE
NETWORK
SNS NETWORK TECHNOLOGY BERHAD
100% Acrux Technology Sdn Bhd ("Acrux")
100% GLOO Sdn Bhd ("GLOO")
100% iTworld Services (M) Sdn Bhd ("iTworld")
100% JOI Sdn Bhd ("JOI")
100% Notebook Plaza Sdn Bhd ("Notebook Plaza")
100% SNS AI Cloud Sdn Bhd ("SNS AI Cloud")
100% SNS Network (ICT) Sdn Bhd ("SNS Network ICT")
100% SNS Network (M) Sdn Bhd ("SNS Network Malaysia")
49% MIMOS Network Sdn Bhd ("MIMOS Network")
100% SNS Network Services Sdn Bhd ("SNS Network Services")
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
CORPORATE MILESTONE
1998
SNS Network, a sole proprietor was established.
2003
Appointed as an authorised reseller of TM branded products.
Over the years, expanded our offering to internet/broadband services, telephone line and/or mobile services from other service providers such as Celcom, Maxis and TIME too.
2008
Received the "SME Young Entrepreneur Award" for SME Recognition Award 2008 from SMI Association of Malaysia (now known as SME Association of Malaysia).
Relocated our regional office to Petaling Jaya, Selangor.
2010
Appointed as an Apple Authorised Reseller, with our first Apple store "iTworld" in Ipoh, Perak.
Obtained 2nd place in the "Enterprise 50 Award Programme 2010", awarded by SME Corporation Malaysia.
2000
Incorporated SNS Network Malaysia.
Set up Regional Office in Kuala Lumpur.
Secured first dealership agreement with Acer.
With this, expanded our range of third party brand ICT products, services and solutions.
2004
Started our first consignment counter in AEON Kinta City, this marked our retail expansion journey.
Relocated our headquarters to Greentown Business Centre, Ipoh, Perak.
2009
Received the "SME ICT Adoption Award (IT Service Provider)" for SME Recognition Award 2009 from SMI Association of Malaysia (now known as SME Association of Malaysia).
2014
JOL
Appointed as Apple Authorised Service Provider, with our first service center in Ipoh, Perak.
Launched our house brand of ICT products, JOL®.
Annual Report 2026
CORPORATE MILESTONE
Cont'd
2015
Relocated our Headquarters to a 4 storey building with over 33,000 sqft in Jalan Sultan Nazrin Shah, Ipoh, Perak.
2021
Obtained 3rd placing in the "Malaysia Top E-Commerce Merchant Award",
awarded by Selangor Information Technology and Digital Economy Corporation.
2024
Opened the largest store in SNS Group's history – the GLOO ICT Hyperstore at Queensbay Mall, spanning over 6,000 sqft, bringing an enhanced tech retail experience to our customers.
Expanded to East Malaysia – Established a new branch office in Kuching, Sarawak.
2017
Launched our first online store, iTworld.com.my.
WWW
2022
Listed on the Ace Market of Bursa Malaysia Securities Berhad.
2023
First ESOS granted on 12 September 2023.
Successfully transferred to the Main Market of Bursa Malaysia Securities Berhad on 13 June 2024.
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
CORPORATE MILESTONE
Cont'd
2025
Launched of SNS AI Factory.
Successfully obtained ISO/IEC 27001:2022 Information Security Management System ("ISMS").
Joint Venture with
MIMOS Holdings Sdn Bhd,
Kelab Kebajikan Dan Rekreasi
MIMOS and SNS Network
Malaysia undertake digital quality assurance and independent verification and validation services.
Officially licensed by the National Cyber Security Agency ("NACSA") Malaysia for the Managed Security Operations Centre ("SOC") Monitoring Service Licence.
Annual Report 2026
CHAIRMAN'S STATEMENT
On behalf of the Board of Directors ("the Board") of SNS Network Technology Berhad, ("SNS" or the "Company"), I am honoured to present to you the Annual Report and Audited Financial Statements of SNS and its subsidiaries ("SNS Group" or the "Group") for the Financial Year Ended 31 January 2026 ("FYE 2026").
DATO ZULKAPLI BIN AHMAD | Independent Non-Executive Chairman
Dear Valued Shareholders,
FYE 2026 has been a year of consolidation, acceleration, and strategic execution for SNS. Following our successful transfer to the Main Market of Bursa Malaysia Securities Berhad in the previous financial year, we entered FYE 2026 with strengthened foundations and a clear mandate, to scale sustainably, deepen our technological capabilities, and enhance long-term shareholder value.
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
CHAIRMAN'S STATEMENT
Cont'd
Financial Performance
In FYE 2026, our Group posted a strong financial performance, recording revenue of RM3.34 billion, underpinned by the continued strength of our core business, sale of Information Communication Technology ("ICT") products. This translated into a Profit After Tax of RM45.97 million for the financial year. The financial results are discussed in depth in the Management's Discussion and Analysis as set out in this Annual Report.
Strengthening Our Position in a Rapidly Evolving Industry
The ICT industry continues to undergo rapid transformation, driven by Artificial Intelligence ("AI"), high-performance computing, cloud adoption, cybersecurity requirements, and enterprise digitalisation. In FYE 2026, SNS strengthened its positioning not merely as an ICT products distributor, but as an integrated technology solutions provider.
We continued to expand our capabilities in AI-driven infrastructure and high-performance computing solutions. Demand for AI workloads, data analytics, and machine learning applications has accelerated across industries, reinforcing the relevance of our GPU-as-a-Service ("GPUaaS") offerings. Our GPUaaS model enables customers to access scalable computing power efficiently and cost-effectively, lowering barriers to AI adoption while generating recurring income streams for the Group.
In parallel, the development of the SNS AI Factory initiative progressed further during the year. The AI Factory serves as a dedicated innovation platform to design, test, and deploy AI-powered solutions tailored to enterprise requirements. This initiative positions SNS at the forefront of Malaysia's AI ecosystem, enabling us to move beyond hardware supply into higher-value solution orchestration and managed services.
Looking Ahead
As we move into the next financial year, we remain optimistic. Digital transformation across both public and private sectors continues to accelerate, while AI adoption is progressing from exploratory initiatives to mission-critical deployment. These structural shifts present meaningful opportunities for SNS to deepen its role within the technology value chain.
Moving forward, our strategic focus will be centered on expanding recurring and solution-based revenue streams to enhance earnings visibility and long-term sustainability. We will continue scaling our AI and high-performance computing capabilities to meet the growing demand for data-intensive applications, while strengthening our enterprise solutions and managed services offerings to deliver greater value to customers.
Sustainability
The Board continues to provide oversight of the Group's sustainability agenda, ensuring that environmental, social and governance ("ESG") considerations are integrated into our strategy, governance framework and decision-making processes. We remain committed to embedding relevant and practicable ESG practices across our operations, including managing our environmental footprint, upholding ethical and responsible sourcing, and fostering diversity, equity and inclusion, as we focus on sustainable long-term value creation for our stakeholders.
For more details, please visit the Sustainability Statement in this report.
Appreciation
On behalf of the Board, I extend my sincere appreciation to our management team and employees for their dedication, professionalism, and resilience. I also thank our customers and business partners for their continued trust and collaboration.
To our shareholders, thank you for your unwavering confidence and support. We remain committed to rewarding that trust through disciplined execution, strategic growth, and responsible leadership.
Together, we will continue building a stronger and more innovative SNS.
Dato' Zulkapli Bin Ahmad
Independent Non-Executive Chairman
Annual Report 2026
FINANCIAL HIGHLIGHTS
REVENUE
RM3.3
billion
(FYE 2025: RM1.0 billion)
PROFIT
BEFORE TAX
RM58.9
million
(FYE 2025: RM41.4 million)
FIXED DEPOSITS, CASH
AND BANK BALANCES
RM96.3
million
(FYE 2025: RM88.4 million)
CURRENT
RATIO
1.84x
(FYE 2025: 1.73x)
DIVIDEND
PAYOUT RATE
36.5%
Based on dividend per share declared in respect of FYE 2026
DIVIDEND DECLARED
RM16.8
million
Dividend declared in
respect of FYE 2026
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
FINANCIAL HIGHLIGHTS
Cont'd
| Financial year ended 31 January (RM'000) | 2022(1) | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | 1,112,008 | 1,403,783 | 1,276,115 | 1,018,513 | 3,340,022 |
| Gross profit ("GP") | 94,013 | 109,572 | 96,377 | 104,841 | 175,853 |
| Profit before tax ("PBT") | 48,685 | 57,360 | 43,468 | 41,423 | 58,923 |
| Profit after tax ("PAT") | 35,918 | 43,716 | 31,963 | 30,303 | 45,969 |
| Profit attributable to owners of SNS | 35,918 | 43,716 | 31,963 | 30,303 | 45,969 |
| Basic earning per share (RM)(2) | 5.89 | 0.05 | 0.02 | 0.02 | 0.03 |
| As at 31 January (RM'000) | 2022 | 2023 | 2024 | 2025 | 2026 |
| Total assets | 292,094 | 396,373 | 536,794 | 560,407 | 663,219 |
| Total liabilities | 199,075 | 175,370 | 293,142 | 284,020 | 352,729 |
| Total shareholders' equity | 93,019 | 221,003 | 243,652 | 276,387 | 310,490 |
| Fixed deposits, cash and bank balances | 29,829 | 91,993 | 121,475 | 88,397 | 96,260 |
| Current ratio(3) | 1.40 | 2.04 | 1.68 | 1.73 | 1.84 |
| Gearing ratio(4) | 0.54 | 0.16 | 0.22 | 0.28 | 0.44 |
Notes:
(1) The statements of comprehensive income and statements of financial position as at 31 January 2022 were combined financial statements of SNS Group as disclosed in the Prospectus of SNS Group dated 27 July 2022.
(2) Basic earning per share is calculated based on PAT over weighted average number of shares in issue for the FYE 2022, FYE 2023, FYE 2024, FYE 2025 and FYE 2026 ("Financial Years Under Review").
(3) Computed based on current assets over current liabilities as at the end of each financial year.
(4) Computed based on total interest-bearing borrowings (excluding lease liabilities for right-of-use assets) over total equity as at the end of each financial year.
Annual Report 2026
FINANCIAL HIGHLIGHTS
Cont'd
REVENUE (RM'000)
GROSS PROFIT ("GP") (RM'000)
PROFIT BEFORE TAX ("PBT") (RM'000)
PROFIT AFTER TAX ("PAT") (RM'000)
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
MANAGEMENT'S DISCUSSION AND ANALYSIS
OVERVIEW OF THE GROUP'S BUSINESS AND OPERATIONS
SNS was established in 1998 and has its start in the assembly and supply of desktop and related peripherals. Over 28 years, the Group has grown significantly and with the incorporation of SNS Network Technology Berhad as an investment holding company to consolidate various subsidiaries, the Group was listed on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 2 September 2022. On 13 June 2024, the Group had been transferred from the ACE Market of Bursa Securities to the Main Market of Bursa Securities.
As at the date, the Group's principal activities comprised the provision of Information Communication Technology ("ICT") products, services and solutions. The Group's core business activities are sale of ICT products comprising hardware, devices and related peripherals, as well as the provision of ICT services and solutions; and provision of device repair and related services, as well as sale of broadband services. The Group distributes and sells ICT products through physical store channel (i.e brand-specialty stores, multi-brand concept stores and consignment counters), online store channel (i.e iTworld online store, GLOO online store, Notebook Plaza online store and third-party marketplaces), and commercial channel (i.e businesses, government agencies, ministries of the government, and educational institutions).
The sales of ICT products include an extensive range of third-party brands (i.e. Apple, Intel, Samsung, etc.) and the Group's in-house brand (i.e. JOI®). The Group sources the third-party branded ICT products from brand principals and/or appointed distributors for onward sale to customers.
The Group's house brand, JOI®, is internally developed to cater the demand for affordable ICT products. JOI® products are generally positioned at lower price points and are therefore complementary to, rather than competitive with, third-party branded ICT products. The Group has developed a range of JOI® products comprising laptops, tablets, desktops, interactive smartboards, mobile charging stations and other related peripherals.
In addition, the Group also provides customers with after-sales repair services. For software issues, the Group performs remote software troubleshooting whereas for hardware issues, the Group assists logistically to send devices to authorised third-party service centres or for Apple and JOI® products, to the Group's in-house service centres.
Building on its established ICT solutions capabilities and enterprise customer base, the Group has expanded into higher value, services driven digital infrastructure offerings in line with its strategic focus on digital transformation. In this regard, the Group launched SNS AI Factory, a fully managed Artificial Intelligence ("AI") cloud infrastructure platform designed to support high performance computing requirements for enterprises, government agencies and research institutions.
SNS AI Factory is powered by 64 NVIDIA Hopper graphics processing units ("GPUs") across eight Dell PowerEdge XE9680 servers and supported by NVIDIA Quantum-2 InfiniBand ("GPUaaS"), enabling customers to access scalable, secure and cost effective AI computing resources through subscription based and managed service models, without the need for significant upfront capital investment or the operational complexity of managing underlying infrastructure.
The platform is designed to support the principles of AI sovereignty, enabling organisations to deploy and operate AI workloads while retaining greater control over data, computation and system governance. By providing locally managed AI computing infrastructure, SNS AI Factory assists customers that require enhanced visibility and control over data residency, system access and operational oversight, particularly in regulated or sensitive use case environments.
In addition to commercial deployment, approximately half of SNS AI Factory's computing capacity is allocated to commercial workloads, while the remaining capacity supports the development of Malaysia's broader AI ecosystem through structured training programmes, bootcamps and industry led initiatives. The introduction of SNS AI Factory enhances the Group's digital solutions portfolio, extends its offerings beyond traditional ICT products into managed digital infrastructure services, and supports the Group's long term sustainable growth strategy.
The Group's revenue is mainly contributed by the local market, while the Group has also established presence in other geographical markets comprise mainly Hong Kong, Singapore, Brunei, Denmark, Indonesia, the Maldives, Thailand, Vanuatu and the United States of America.
Annual Report 2026
MANAGEMENT'S DISCUSSION AND ANALYSIS
Cont'd
REVIEW OF FINANCIAL RESULTS
Financial performance
| Financial year ended (“FYE”) 31 January | Audited | Variance | ||
|---|---|---|---|---|
| FYE 2025 | ||||
| RM’000 | FYE 2026 | |||
| RM’000 | RM’000 | % | ||
| Revenue | 1,018,513 | 3,340,022 | 2,321,509 | 227.9 |
| Profit before tax (“PBT”) | 41,423 | 58,923 | 17,500 | 42.2 |
| Profit after tax (“PAT”) | 30,303 | 45,969 | 15,666 | 51.7 |
Revenue
The Group's revenue by business segment and geographical regions are tabulated as below:
Revenue by business activities (RM'000)
- Sales of ICT products
- Provision of device repair and related services, as well as sale of broadband services
Revenue by geographical location (RM'000)
- Malaysia
- Hong Kong
- Singapore
- Others
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
MANAGEMENT'S DISCUSSION AND ANALYSIS
Cont'd
The Group's revenue increased by RM2,321.50 million or 227.9% to RM3,340.02 million for FYE 2026 (FYE 2025: RM1,018.52 million) primarily due to an increase in the sale of ICT products segment.
The sale of ICT products segment was the Group's largest revenue contributor, which recorded RM3,331.31 million or 99.7% of the Group's total revenue for FYE 2026 (FYE 2025: RM1,003.47 million or 98.5%), mainly contributed by the local market. In terms of geographical location, the local market was the primary revenue contributor which recorded RM3,272.86 million or 98.0% of the Group's total revenue for FYE 2026 (FYE 2025: RM969.32 million or 95.2%).
The Group's revenue from the sale of ICT products increased by RM2,327.84 million or 232.0% to RM3,331.31 million for FYE 2026 (FYE 2025: RM1,003.47 million). This substantial growth was mainly driven by stronger demand from the commercial channel, complemented by improved performance from the online store channel.
The Group recorded decrease in revenue from the provision of device repair and related services, as well as sale of broadband services by RM6.33 million or 42.1% to RM8.72 million for FYE 2026 (FYE 2025: RM15.05 million), primarily attributable to a decline in broadband service revenue, driven by lower sales volumes, coupled with reduced demand from provision of device repair and related services from consumers.
PBT and PAT
PBT and PAT (RM'000)
The Group recorded an increase in PBT by RM17.50 million or 42.2% to RM58.92 million for FYE 2026 (FYE 2025: RM41.42 million) mainly driven by higher gross profit contributed by the commercial channel. The said increase was partially offset by the increase in the higher selling and distribution expenses mainly attributable to the increase in staff costs and commissions paid to the third-party online marketplaces as well as impairment losses on financial assets. Correspondingly, the Group has also registered an increase in PAT by RM15.67 million or 51.7% to RM45.97 million for FYE 2026 (FYE 2025: RM30.30 million).
Financial position
| As at 31 January | Audited | Variance | ||
|---|---|---|---|---|
| 2025 RM'000 | 2026 RM'000 | RM'000 | % | |
| Total assets | 560,407 | 663,219 | 102,812 | 18.3 |
| Total liabilities | 284,020 | 352,729 | 68,709 | 24.2 |
| Total shareholders' equity | 276,387 | 310,490 | 34,103 | 12.3 |
| Fixed deposits, cash and bank balances | 88,397 | 96,260 | 7,863 | 8.9 |
Annual Report 2026
MANAGEMENT'S DISCUSSION AND ANALYSIS
Cont'd
Total Assets
The Group's total assets increased by RM102.81 million or 18.3% to RM663.22 million as at 31 January 2026 (as at 31 January 2025: RM560.41 million), mainly attributable to higher inventory levels to support sales growth, as well as the increase in finance lease receivables as the Group secured more device-as-a-service ("DaaS") subscription-based service agreements.
Total Liabilities
The Group's total liabilities increased by RM68.71 million or 24.2% to RM352.73 million as at 31 January 2026 (as at 31 January 2025: RM284.02 million), mainly due to an increase in trade and other payables as there were higher purchases towards the end of FYE 2026 as well as increase in borrowings, mainly attributable to higher utilisation of bankers' acceptance and drawdown of term financing for payments to suppliers.
Total Shareholders' Equity and Capital Structure
The Group's total shareholders' equity increased by RM34.10 million or 12.3% to RM310.49 million as at 31 January 2026 (as at 31 January 2025: RM276.39 million), resulting from the increase in our retained earnings due to the improved financial performance and position for FYE 2026. The said increase was partially offset by dividends paid, which amounted to RM14.66 million.
Liquidity, Capital Expenditures and Capital Resources
The Group recorded a net cash used in operating activities of RM13.23 million for FYE 2026 (FYE 2025: RM38.32 million), after taking into consideration its operating profit of RM108.72 million and working capital changes, mainly arising from increases in inventories, trade and other receivables and finance lease receivables coupled with the income tax paid. These were partially offset by an increase in trade and other payables.
Net cash outflow from investing activities of RM6.47 million for FYE 2026 (FYE 2025: RM5.89 million), mainly due to purchase of property and equipment.
The Group recorded higher net cash generated from financing activities of RM29.47 million for FYE 2026 (FYE 2025: RM9.93 million), primarily attributable to higher utilisation of bankers' acceptances as well as drawdown of term financing and other financing for payments to suppliers. These were partially offset by finance interest paid by the Group.
As a result, the cash and cash equivalents increased by RM8.21 million or 9.7% to RM92.81 million as at 31 January 2026 (as at 31 January 2025: RM84.60 million), after netting off the effect of exchange rate changes of RM1.56 million.
The Group's capital expenditure in respect of property, plant and equipment incurred in FYE 2026 amounted to RM7.18 million mainly due to the purchase of computer software and office equipment mainly for operating lease as well as furniture, fixture and electrical fittings for our physical stores and office.
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
MANAGEMENT'S DISCUSSION AND ANALYSIS
Cont'd
ANTICIPATED OR KNOWN RISKS
a) Dependence on brand principals, appointed distributors, and original equipment manufacturers ("OEMs").
During FYE 2026, sales generated from third-party branded ICT products accounted for 99.52% of the Group's revenue. The Group is dependent on brand principals and appointed distributors for the provision of ICT products, services and solutions. While the Group continues to have a good relationship with the Group's brand principals and appointed distributors, there can be no assurance that the Group will not encounter any disruption in supplies in the foreseeable future.
Furthermore, the Group also relies on brand principals to conduct quality control on ICT products manufactured as the Group has limited or no control over such processes. Thus, any product defects that are not resolved by the Group's brand principals may adversely affect the Group.
While the Group is the brand principal for JOI® products, the risk of product defects remains, as the Group relies on the quality of ICT products assembled by OEMs, as well as the quality of manufactured components that the Group sources to assemble JOI® desktops.
b) Competitive industry
The Group operates in a competitive market where the Group's performance can be affected by a variety of factors such as the range of products offering. The competitive landscape includes generally low barriers to entry with competitive pricing, promotional activities, outlet location and quality of customer service. The Group's products and services are often subject to technological advancement and the constantly evolving spending habits and expectations of the consumers.
As such, the Group recognises the need to improve continuously to remain competitive in this market. The Group continues to improve towards the goal of providing the appropriate product mix that matches consumer demand and preferences across different demographics.
c) Credit risk
Credit risk refers to the risk that the counterparty will default on its contractual obligations resulting in financial loss to the Group. The normal trade credit terms granted by the Group for trade receivables range from 30 to 120 days. The exposure of the Group to credit risk arises principally from receivables and other financial assets. The Group has adopted a policy of transacting only with creditworthy counterparties to mitigate the risk of financial loss arising from defaults. Any significant delay or default in payment by the Group's major customers may result in the recognition of impairment for credit losses, which could in turn, adversely affect the Group's financial position and results of operations. The Group review ageing reports monthly to identify slow paying customers for actions to be taken for recovery and provision, if necessary.
d) Liquidity risk
Liquidity risk is the risk that the Group will encounter difficulty in meeting financial obligations due to a shortage of funds. The Group's exposure to liquidity risk arises primarily from mismatches of the maturities of financial assets and liabilities. As part of the overall liquidity management, the Group has established an appropriate framework to manage liquidity and cash flow risks, to address the Group's short, medium and long-term funding, liquidity and cash flow management requirements. The Group manages liquidity and cash flow risks by maintaining adequate reserves and banking facilities, continuously monitoring forecast and actual cash flows, by matching the maturity profiles of its financial assets and financial liabilities.
Annual Report 2026
23
MANAGEMENT'S DISCUSSION AND ANALYSIS
Cont'd
e) Interest rate risk
Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates.
The Group's exposure to interest rate risk arises mainly from its loans and borrowings. The Group finances its operations by a mixture of internal funds, loan and borrowings. The Group regularly reviews the interest rate profile of borrowings against prevailing and anticipated market rates. The repayment and maturity profiles of borrowings are structured after taking into consideration the cash inflows expected to be generated from the underlying assets or operations and the economic life of the assets or operations being financed.
The Group's policy is to maintain a mix of fixed and floating rate borrowings to mitigate the impact of an upward change in interest rates while allowing it to benefit from potential declines.
FUTURE PROSPECTS
The ICT products and services industry is expected to maintain robust growth, driven by the increasing integration of ICT into daily life by both individuals and businesses for routine and operational activities. Key contributing factors include the regular device replacement cycle, ongoing technological advancements, government-led digital transformation, and the adoption of ICT to promote digital education in schools.
In response to the positive outlook, in the past 1 year and up to the present, the Group has further expanded its physical presence across Malaysia, by opening several new multi-brand and brand specific stores in Penang and Selangor to support a broader customer base.
As businesses increasingly seek greater flexibility and control over the deployment of ICT products and services to better align with operational requirements, the shift away from large upfront capital investments is gaining momentum. In this context, the demand for Device-as-a-Service ("DaaS") subscriptions is expected to grow steadily over the long term. The Group remains focused on expanding its DaaS offerings to support both existing and prospective subscription agreements.
Looking ahead, the Group remains firmly committed to innovation, with a strategic focus on adopting emerging technologies that align with its mission and core values. The Group recognises the transformative potential of Artificial Intelligence ("AI") and anticipates that AI will play a pivotal role in driving its future growth and success. As the technological landscape continues to evolve, the Group is well-positioned to adapt and thrive amid increasingly dynamic and diverse market demands.
The Group provides AI-driven solutions aimed at enhancing operational efficiency and delivering personalised customer experiences. By integrating advanced AI technologies into its offerings, the Group delivers customised solutions that streamline workflows, optimise decision-making processes, and promote innovation. These solutions are designed to be both accessible and scalable, enabling organisations of all sizes to effectively navigate the digital landscape while supporting sustainable, long-term growth.
Through its initiatives, the Group seeks to make AI technologies more accessible, understandable, and impactful, thereby encouraging broader adoption across industries. This approach contributes to the development of a resilient, adaptable, and sustainable digital ecosystem that benefits businesses across multiple sectors.
In line with its commitment to strengthen AI capabilities and support Malaysia's national AI transformation agenda, the Group has launched the SNS AI Factory—Malaysia's first locally hosted, fully-managed AI cloud infrastructure. Powered by 64 NVIDIA Hopper graphics processing units ("GPUs") across eight Dell PowerEdge XE9680 servers and supported by NVIDIA Quantum-2 InfiniBand networking alongside NVIDIA AI Enterprise software, the SNS AI Factory is strategically located at Telekom Malaysia's KVDC facility in Cyberjaya.
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
MANAGEMENT'S DISCUSSION AND ANALYSIS
Cont'd
In addition, the Group recognises the increasing importance of AI sovereignty, particularly among enterprises, government agencies and institutions that manage sensitive, regulated or mission-critical data. Through the locally hosted and managed design of the SNS AI Factory, the Group supports customers' requirements for greater control over data residency, system governance and operational oversight. This capability enables organisations to deploy and operate AI workloads within a trusted domestic infrastructure environment, aligning with evolving regulatory, security and data governance expectations while supporting responsible and sustainable AI adoption.
The SNS AI Factory offers GPU-as-a-Service ("GPUaaS"), providing enterprises, government agencies, and academic institutions with secure, high-performance, and scalable AI computing resources. The facility is purpose-built to accelerate AI adoption across industries, the facility offers flexible subscription models, AI readiness assessments, and proof-of-concept ("POC") initiatives. Notably, half of the AI Factory's computing capacity is allocated to commercial workloads, while the remaining capacity is dedicated to strengthening Malaysia's AI ecosystem through structured training programmes, bootcamps, and industry-led hackathons.
This strategic initiative not only expands local access to advanced AI infrastructure but also positions the Group at the forefront of AI innovation in Malaysia. It aligns with national objectives to drive technological advancement, develop local talent, and promote the responsible and ethical deployment of AI development.
Looking ahead, the Group remains optimistic about the ICT industry's outlook, supported by the rapid advancement of AI technologies. This continued evolution is expected to drive stronger demand for ICT products and services, reinforce the Group's existing customer base, and create opportunities to expand market share by acquiring new clientele.
DIVIDEND POLICY
The Group presently does not have any formal dividend policy. The declaration of dividends and other distributions is subject to the discretion of the Board of Directors. During FYE 2026, in line with the Group's performance and the continued support of its loyal shareholders, the Board of Directors had declared and paid interim single-tier dividends as follows:
| Financial Year End | Payment Date | Total Dividends RM 000 | |
|---|---|---|---|
| A fourth interim single-tier dividend of 0.125 sen per ordinary share | 2025 | 26 May 2025 | 2,095 |
| A first interim single-tier dividend of 0.25 sen per ordinary share | 2026 | 28 August 2025 | 4,189 |
| A second interim single-tier dividend of 0.25 sen per ordinary share | 2026 | 26 November 2025 | 4,190 |
| A third interim single-tier dividend of 0.25 sen per ordinary share | 2026 | 13 February 2026 | 4,189 |
| 14,663 |
Subsequently to FYE 2026, the Board of Directors has approved and declared a fourth interim single-tier dividend of 0.25 sen per ordinary share amounting to RM4.19 million in respect of financial year ended 31 January 2026, to be paid on 26 May 2026. The entitlement date is 5 May 2026.
The Board of Directors is of the view that the recommended dividends provide an adequate balance between rewarding the shareholders and investors with appropriate returns while retaining sufficient profits to sustain growth in the future.
Annual Report 2026
PROFILE OF DIRECTORS
Dato' Zulkapli bin Ahmad obtained his Malaysia Certificate of Education from Sekolah Menengah St Paul Seremban in 1974. In 1983, he obtained his Chartered Institute of Transport (UK) qualification from Institut Teknologi Mara, Shah Alam. In 1996, he obtained a Certificate in Maintenance Management from Crown Agents Management Training Centre Worthing, UK and subsequently obtained a Diploma in Police Sciences from Universiti Kebangsaan Malaysia in 2003.
In 1975, he pursued further studies at Institute Teknologi Mara, Shah Alam. Prior to completing his studies there, he left the institution in 1977 to work at his family's grocery business in Seremban.
In 1977, he joined Polis Diraja Malaysia ("PDRM") where he obtained basic police training in Kuala Lumpur before being posted to Johor Contingent where he was involved in intelligence gathering. From 1981 to 1983, he took a study leave from PDRM to pursue further studies, in which he subsequently obtained his Chartered Institute of Transport (UK) qualification. In 1983, he returned to PDRM where he was ranked Assistant Force Transport Officer (Administration) in Bukit Aman. He served at the Bukit Aman Police Headquarters, Kuala Lumpur and was involved in executing the day-to-day operations of the transport division. Over the years, he was posted to different state contingents within the transport division. In 1994, he was posted back to the Bukit Aman Police Headquarters, Kuala Lumpur where he was promoted as Deputy Force Transport Officer and served the transport division until mid-1998.
In July 1998, he was transferred to the Shah Alam District Police Headquarters as Deputy Head of Police District Shah Alam to perform police duties. From 2002 to early 2003, he was selected to attend a Diploma Police Science Course conducted by University Kebangsaan Malaysia. In mid-2003, he was posted as Principal Assistant Director Logistics (Procurement) and promoted to the rank of Assistant Commissioner Police, where he was involved in overseeing and managing the procurement activities of the procurement division Logistic Department in Bukit Aman. He continued to serve in PDRM and was promoted and posted to different divisions where he oversaw the daily operational functions of each division including supplies division, human resource division, as well as finance and budgeting division of the logistics department. He retired from PDRM in 2015 as Deputy Commissioner of Police of the Bukit Aman Police Headquarters, Kuala Lumpur.
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
PROFILE OF DIRECTORS
Cont'd
In 2016, he was appointed as a Business Consultant for Samsung Malaysia Electronics (SME) Sdn Bhd, a company involved in the trading and distribution of electrical and electronic products and after-sales services, until 2018 where he provided consulting services to the company in relation to the procurement processes and procedures involved in supplying products to the government. In July of the same year, he was also appointed as Secretary of Koperasi Polis Diraja Malaysia Berhad, an investment holding company that invests in various industries such as hotel management, construction, aviation and tourism. He was involved in overseeing its administrative functions in relation to membership matters, conducting membership drive programmes, coordinating board meetings and annual general meetings, and preparing quarterly reports to Suruhanjaya Koperasi Malaysia on the performance and activities of the co-operative up to completion of his term in 2018.
Since then, he took a career break until 2020, where he was offered to join Kop Tradtech Sdn Bhd, as Chief Executive Officer, a subsidiary of Kop Mantap Berhad, a company involved in general trading and supply of uniform and uniform accessories mainly to PDRM and Auxiliary Police. He is responsible for overseeing the management and overall performance of the company. In October 2022, he left the company due to health reasons.
He does not hold any directorship in other public and/or public-listed company and does not have any conflict of interest or potential conflict of interest including interest in any competing business with the Company or its subsidiaries nor any family relationship with any other Director, member of key senior management or major shareholder of the Group. He has not been convicted for any offences within the past five (5) years nor has he been imposed of any public sanction or penalty by any relevant regulatory bodies during the financial year ended 31 January 2026.
Annual Report 2026
27
PROFILE OF DIRECTORS
Cont'd
Ko Yun Hung is the Group's Managing Director. He is responsible for determining the strategic direction and growth of the Group, formulating business policies, roadmaps and corporate strategies, and overseeing the overall business and product development of the Group.
In 1999, he graduated with a Bachelor of Engineering (Hons) Mechanical Engineering from Universiti Sains Malaysia.
Upon graduation, he joined SNS Network, a sole proprietorship, as part of its pioneer management team and was involved in the assembly and supply of desktops and related peripherals, as well as the provision of ICT services such as structured cabling work, networking services and software installation. With growing orders from customers and seeing the potential of the industry, he co-founded SNS Network Malaysia in 2000.
Under his leadership, he led the launch of the Group's first brand of retail outlet, iTworld, in 2010. To further enhance the Group's brand name and market presence, he also initiated the launch of the Group's consignment counters in AEON in 2004 and led the rebranding of these consignment counters to GLOO in 2012. He also spearheaded the development and launch of the Group's house brand of ICT products, JOI® in 2014.
With over 26 years of experience in the ICT products and services industry, he has developed vast experience and in-depth understanding of the industry. Building on his experience and industry knowledge, he plays a major role in spearheading the expansion of the Group, as well as helm ongoing product development and improvement initiatives for the Group's products, services and solutions to support the continued growth of the Group. In 2018, he received the "SME Icons Recognition" award from the Malaysian Service Providers Confederation, in recognition for his outstanding contribution toward innovative, articulative and motivative talents that lead the industry and place Malaysia on the world map.
He does not hold any directorship in other public and/or public-listed company and save as disclosed in Note 34 under Notes to Financial Statements, he does not have any conflict of interest or potential conflict of interest including interest in any competing business with the Company or its subsidiaries nor any family relationship with any other Director or major shareholder of the Group. He is spouse of Eng Su Fern who is member of Key Senior Management of the Group. He has not been convicted for any offences within the past five (5) years nor has he been imposed of any public sanction or penalty by any relevant regulatory bodies during the financial year ended 31 January 2026.
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
PROFILE OF DIRECTORS
Cont'd
Pah Wai Onn is the Group's Executive Director. He is responsible for managing and overseeing the sales and marketing functions of the Group including sales planning and budgeting, developing marketing and brand awareness strategies, leading the implementation of sales and marketing initiatives and leading the sales team to achieve annual sales target and building business relationships with industry stakeholders to be continuously updated with the latest trends and products for sales and marketing purposes.
He obtained his Sijil Pelajaran Malaysia from Sekolah Menengah Jenis Kebangsaan Sam Tet Ipoh, Perak in 1993. From 2017 to 2019, he studied part-time and obtained a certificate for International Executive Master of Business Administration in International Business Management from Paris Graduate School of Management, France in Mantissa College, Kuala Lumpur.
Upon completing his Sijil Pelajaran Malaysia, he pursued further studies in Tunku Abdul Rahman College. Nevertheless, prior to completing his studies, he left in 1995 and became involved in freelance IT works where he was involved in sourcing and selling desktops until 1999.
In 1999, he joined SNS Network, a sole proprietorship, as part of its pioneer management team and was involved in the assembly and supply of desktops and related peripherals, as well as the provision of ICT services such as structured cabling work, networking services and software installation.
In 2000, he left SNS Network and joined SNS Network Malaysia as part of its pioneer management team and undertook the position as Project Coordinator. His responsibilities include developing, implementing and executing sales and marketing strategies, managing and coordinating projects as well as building and managing supplier relationships.
In 2007, he was promoted to Sales and Marketing Director. Throughout the years, he supported the Group's Managing Director, Ko Yun Hung, in various sales and marketing strategies and initiatives, as well as building brand awareness for the Group's house brands, namely iTworld and GLOO. He was also involved in the development of marketing strategies for the Group's house brand of ICT products, namely JOI®.
With over 26 years of experience in the ICT products and services industry, he has developed vast experience and in-depth understanding of the industry. Building on his experience and industry knowledge, he continues to play a critical role in spearheading the overall sales and marketing functions of the Group.
He does not hold any directorship in other public and/or public-listed company and does not have any conflict of interest or potential conflict of interest including interest in any competing business with the Company or its subsidiaries nor any family relationship with any other Director or major shareholder of the Group. He is spouse of Tham Sau Har who is member of Key Senior Management of the Group. He has not been convicted for any offences within the past five (5) years nor has he been imposed of any public sanction or penalty by any relevant regulatory bodies during the financial year ended 31 January 2026.
Annual Report 2026
29
PROFILE OF DIRECTORS
Cont'd
Siow Wei Ming is the Group's Executive Director. He is responsible for product planning including developing product pricing, new product launching, identifying new market potential, developing market entry approaches such as identifying new brands of products to be sold and developing strategies to promote the sales of new brands, as well as reviewing and enhancing product mix and offerings.
He obtained his Sijil Tinggi Persekolahan Malaysia from Sekolah Menengah Sulaiman, Bentong, Pahang in 1993.
In 1994, he began his career when he joined Alpha Data Sdn Bhd, a company involved in the sales and distribution of electronics and computer equipment, as Sales Executive where he was involved in the sale of laptops to retail dealers throughout Malaysia. In 1998, he left Alpha Data Sdn Bhd and joined Intranet Sdn Bhd, a company involved in the trading of computer products, as Account Manager where he was responsible for product sourcing and purchasing, supplier management and selling ICT products. In 2000, he was promoted to Assistant Sales Manager and was responsible for product distribution to branches located throughout Malaysia.
In 2001, he left Intranet Sdn Bhd and joined PM Distribution Sdn Bhd, a company involved in the distribution of laptops, motherboards, hard disk drives and digital versatile disk rewritable, as Sales Manager where he was responsible for sourcing products, managing business development activities, building brand awareness for the company's own brand of laptop and achieving yearly sales targets.
In April 2010, he left PM Distribution Sdn Bhd and set up Note Plaza Sdn Bhd with 2 other shareholders, a company involved in the trading of computer and computer accessories, and the provision of cyber internet and network IT solutions and services, and was involved in the sale of laptops.
In August 2010, he incorporated Notebook Plaza, with 2 other shareholders for the sale of ICT hardware, devices and related peripherals. With that, he led the development and execution of business plans and strategies, overseeing daily operations and building business relationships with industry stakeholders. Upon incorporating Notebook Plaza, he gradually ceased the operations and business of Note Plaza Sdn Bhd. He joined the Group in August 2010 upon incorporating Notebook Plaza. He has been with the Group for 15 years.
He does not hold any directorship in other public and/or public-listed company and does not have any conflict of interest or potential conflict of interest including interest in any competing business with the Company or its subsidiaries nor any family relationship with any other Director, member of Key Senior Management or major shareholder of the Group. He has not been convicted for any offences within the past five (5) years nor has he been imposed of any public sanction or penalty by any relevant regulatory bodies during the financial year ended 31 January 2026.
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
PROFILE OF DIRECTORS
Cont'd
DATO' F'NG MEOW CHENG
Independent Non-Executive Director
Date of Appointment:
28 September 2021
Membership(s) of Board Committee:
Alois and Bob, Management Committee (Chairman)
Fomuneration Committee
Nomination Committee
Dato' F'ng Meow Cheng graduated with a Bachelor of Science in Business Administration from University of Southwestern Louisiana, United States of America in 1991. She has been a member of the MACPA and the Malaysian Institute of Accountants since 1997 and 1998 respectively. In 2016, she pursued further studies on a part-time basis and obtained her Master of Management from the Australian Institute of Business, Australia through distance learning in Malaysia.
In 1991, she began her career in Sony Electronics (M) Sdn Bhd, a company involved in the manufacturing of consumer electronic products, as System Planner, where she assisted in the preparation and drafting of standard operating procedures (SOP) for the company's overall processes for the application of International Organisation for Standardisation (ISO) certification.
In 1992, she left Sony Electronics (M) Sdn Bhd and joined Russ Ooi & Associates, an audit firm, as Junior Auditor, where she was involved in audit and corporate advisory works. She was an Assistant Manager when she left the firm in 1996 to pursue full-time studies for her MACPA examination.
In 1997, she joined H.B. Ooi & Co., an audit firm, as Manager and was involved in providing consultancy and advisory services for corporate exercises, audit and taxation matters.
In February 1998, she left H.B. Ooi & Co. and in March 1998, she joined K.B. Tan & Co., an audit firm, as Audit Manager where she was involved in providing audit, taxation and corporate advisory services. In November 1998, she left the main office in Klang, Selangor to set up and manage a new branch office in Bukit Mertajam, Penang.
In 2002, she set up MC F'ng & Associates, an audit firm and took over the practice from K.B. Tan & Co., as the latter ceased its Penang operations. As at to-date, she still operates as a sole practitioner of the firm and is involved in providing audit services.
In 2006, she set up MC F'ng Consultancy Sdn Bhd, a company involved in the provision of tax consulting and financial management services, to provide advisory and tax planning services as well as compliance consultancy services.
She currently serves as an Independent Non-Executive Director on the Board of Directors of UWC Berhad (listed on Main Market), Aurelius Technologies Berhad (listed on Main Market) and PSP Energy Berhad (listed on ACE Market). She does not have any conflict of interest or potential conflict of interest including interest in any competing business with the Company or its subsidiaries nor any family relationship with any other Director, member of Key Senior Management or major shareholder of the Group and has not been convicted for any offences within the past five (5) years nor has she been imposed of any public sanction or penalty by any relevant regulatory bodies during the financial year ended 31 January 2026.
Annual Report 2026
PROFILE OF DIRECTORS
Cont'd
MAYLEE CAN SUAT LEE
Independent Non-Executive Director
Date of Appointment:
19 July 2021
Membership(s) of Board Committee:
Manipulation Committee (Chairman)
Audit and Risk Management Committee
Remuneration Committee
Maylee Gan Suat Lee graduated with a Bachelor of Laws from the University of London, UK in 1999. She obtained her Certificate in Legal Practice from the Legal Profession Qualifying Board Malaysia in 2000. She pursued further studies and obtained the University Postgraduate Certificate in Information Technology and the University Postgraduate Diploma in Information Technology in 2001 and 2003, respectively from Staffordshire University, UK. Following that, she continued to pursue her part-time studies and obtained her Master of Science in Information Technology in 2005 from Staffordshire University, UK.
She was admitted as an Advocate and Solicitor of the High Court of Malaya in 2005. She is a member of the Malaysian Association of Company Secretaries since 2016, a member of the Fintech Association of Malaysia since 2016 and a registered Company Secretary of the ROC since 2019.
In 2003, she joined Hiew & Loh (now known as SW Tham, Yong & Co), a law firm, to carry out her pupillage. In January 2004, she left Hiew & Loh and took a 6-month career break to focus on her studies.
In July 2004, she joined Lee Hishammuddin Allen & Gledhill, a law firm, and completed her pupillage in October 2004 and she was called to the bar in 2005. She continued practising as a Legal Assistant in Lee Hishammuddin Allen & Gledhill, where she was placed under the corporate department. In 2008, she left Lee Hishammuddin Allen and Gledhill and co-founded Maylee Gan & Tai, a law firm, to provide legal services in relation to corporate matters to clients from a wide range of industries.
She has 21 years of experience in providing legal services. Her portfolio of clients includes public listed companies and multinational corporations in various industries such as real estate development and construction, investment, retail and consumer banking and financial services, private equity funding, financial technology, peer to peer lending, automotive, electronics and IT, industrial manufacturing, as well as oil and gas. Amongst the key areas of her practice are commercial and corporate matters, securities and capital markets, compliance and regulatory matters as well as banking and finance.
She currently serves as an Independent Non-Executive Director on the Board of Directors of Kerjaya Prospek Group Berhad (listed on the Main Market) and Nextgreen Global Berhad (listed on the Main Market). She does not have any conflict of interest or potential conflict of interest including interest in any competing business with the Company or its subsidiaries nor any family relationship with any other Director, member of Key Senior Management or major shareholder of the Group and has not been convicted for any offences within the past five (5) years nor has she been imposed of any public sanction or penalty by any relevant regulatory bodies during the financial year ended 31 January 2026.
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
PROFILE OF DIRECTORS
Cont'd
PROF. DR. ANNA AZRIATI BINTI CHE AZMI
Independent Non-Executive Director
Date of Appointment:
1 August 2025
Membership(s) of Board Committee:
Managers/and Committees (Chairman)
Audit and Risk Management Committee
Nomination Committee
Prof. Dr. Anna Azriati Binti Che Azmi graduated with a Bachelor of Accounting (Honours) from Universiti Utara Malaysia in 1999. She subsequently obtained her Master of Accounting in 2001 and a Doctorate in Accounting for Business in 2006 from the University of Reading, United Kingdom. She is a member of the Malaysian Institute of Certified Public Accountants ("MICPA") and the Malaysian Institute of Accountants, and also holds associate membership with the Persatuan Akauntan Percukaian Malaysia, Chartered Tax Institute of Malaysia and International Fiscal Association Malaysia Branch.
In September 1999, she began her professional career as a Lecturer at Universiti Tenaga Nasional, where she was involved in teaching accounting and taxation subjects while developing her early research interests. In 2006, she joined Universiti Malaya as a Senior Lecturer in the Department of Accounting, Faculty of Business and Economics, where she delivered undergraduate teaching, designed course curricula, supervised students, and actively participated in research projects.
As her academic career progressed, she was appointed Associate Professor, where she undertook expanded responsibilities in both undergraduate and postgraduate teaching, led and secured competitive research grants, supervised Master's and PhD candidates, and mentored junior academics. She was subsequently promoted to the position of Professor, where she continues to provide specialised teaching at undergraduate, postgraduate, and doctoral levels, lead national and international research programmes, attract research funding, and contribute to the development of accounting curriculum and academic standards within the University.
Throughout her career, Prof. Dr. Anna has held various academic leadership and administrative roles at Universiti Malaya, including Head of Department, Head of Accreditation Unit at the Dean's Office, Deputy Director of the University's Consultancy Unit, and key committee member roles relating to postgraduate studies, curriculum development, accreditation (including AACSB), and quality assurance. She has also served as an external examiner, reviewer, evaluator, and accreditation panel member for universities, professional bodies, and research grant agencies at both national and international levels.
In addition to academia, she has been actively involved in consultancy and advisory work, providing professional services in areas such as taxation, financial reporting, and digital record-keeping to government agencies and private organisations. She is also a frequent contributor to public discourse through invited talks, media interviews, and opinion pieces on matters relating to taxation, ethics, digital economy, and corporate governance.
She does not hold any directorship in other public and/or public-listed company and does not have any conflict of interest or potential conflict of interest including interest in any competing business with the Company or its subsidiaries nor any family relationship with any other Director, member of Key Senior Management or major shareholder of the Group. She has not been convicted for any offences within the past five (5) years nor has she been imposed of any public sanction or penalty by any relevant regulatory bodies during the financial year ended 31 January 2026.
Annual Report 2026
PROFILE OF KEY SENIOR MANAGEMENT
Nationality Gender Age
ENG SU FERN
Development Director
Date of Appointment:
1 January 2007
Membership(s) of Board Committee:
Nil
Eng Su Fern is the Group's Development Director. She is responsible for leading and overseeing the development of the Group's e-commerce and omnichannel platform as well as the Group's business development, sales and operations, retail expansion, software and system development as well as customer service and support. She is also involved in overseeing the daily operations of the Group's Apple Authorised service centres.
In 2004, she graduated with a Bachelor of IT with Honours from Universiti Utara Malaysia. She pursued further studies and obtained her Master of Business Administration from Universiti Sains Malaysia in 2019.
In 2004, she began her career as System Development Engineer in SNS Network Malaysia where she was involved in software and system Research and Development ("R&D") activities, primarily focusing on website development and creating online presence for the company.
In 2007, she was promoted to Development Director where she led a team of engineers in software and system development activities, exploring new product offerings and performing business development matters pertaining to identifying new locations for retail expansion. She also led R&D activities for new products, services and solutions development, and/or continuous upgrade of existing products, services and solutions for the Group's JOI® smart classroom framework, JOI® Smart Sense solution and JOI® ICT products services and solutions. She also spearheaded the launch of the Group's online stores on third party marketplaces in 2015 and the Group's in-house online stores in 2017.
In 2024, she successfully developed and patented "the Platform for Digital Smart Classroom Using Intelligent and Big Data Techniques", which leverages advanced Artificial Intelligence ("AI") algorithms and big data analytics to create personalised and adaptive learning experiences for students. She has also played a key role in the development of AI-related technologies, contributing to innovative projects that integrate intelligent systems into the Group's offerings
She is spouse of Ko Yun Hung, the Managing Director and major shareholder of the Group. She holds 21,877,931 ordinary shares (direct) and 419,539,439 ordinary shares of SNS through Clover Wealth Sdn Bhd pursuant to Section 8 of the Companies Act 2016 and does not hold any directorship in other public and/or public-listed company. She does not have any conflict of interest or potential conflict of interest including interest in any competing business with the Company or its subsidiaries. She has not been convicted for any offences within the past five (5) years nor has she been imposed of any public sanction or penalty by any relevant regulatory bodies during the financial year ended 31 January 2026.
SNS NETWORK TECHNOLOGY BERHAD (201601002835 (1173761-W))
PROFILE OF KEY SENIOR MANAGEMENT
Cont'd
Nationality Gender Age
THAM SAU HAR
Administrative and Operations Director
Date of Appointment:
29 January 2021
Membership(s) of Board Committee:
Nil
Tham Sau Har is the Group's Administrative and Operations Director. She is responsible for overseeing the day-to-day administrative and operational functions of the Group, planning and supervising inventory management, building relationships with brand principals, appointed distributors, OEMs and suppliers for procurement and operational purposes, as well as ensuring the Group's internal operations, processes and practices comply with regulatory requirements.
She obtained her Sijil Pelajaran Malaysia from Sekolah Menengah Kebangsaan Raja Perempuan, Ipoh, Perak in 1998. She continued her education and obtained her Accounting - Third Level certification from the London Chamber of Commerce and Industry ("LCCI") Examinations Board in 2000.
In 2000, she joined SNS Network Malaysia as Business Administrator where she was responsible for the execution of daily administrative and accounting tasks.
In 2007, she was promoted to Finance Director and was responsible for the management of daily administrative and accounting functions including controlling monthly expenses, managing payment collections, overseeing the continuous improvement of financial processes involving internal control policies and standard operating procedures, securing loans and financial facilities from financial institutions, and ensuring compliance of quality controls and quality assurance procedures.
In 2017, she handed over her financial responsibilities to the Group Financial Controller to focus on the administrative and operational functions of the Group. In February 2021, she was redesignated as Administrative and Operations Director and assumed her current responsibilities.
She is spouse of Pah Wai Onn, the Executive Director and major shareholder of the Group. She holds 21,877,931 ordinary shares of SNS and does not hold any directorship in other public and/or public-listed company. She does not have any conflict of interest or potential conflict of interest including interest in any competing business with the Company or its subsidiaries. She has not been convicted for any offences within the past five (5) years nor has she been imposed of any public sanction or penalty by any relevant regulatory bodies during the financial year ended 31 January 2026.
Annual Report 2026
35
PROFILE OF KEY SENIOR MANAGEMENT
Cont'd
Nationality Gender Age
THONG SOON CHEONG
Group Financial Controller
Date of Appointment:
29 June 2020
Membership(s) of Board Committee:
Nil
Thong Soon Cheong is the Group's Financial Controller. He is responsible for overseeing and managing the overall financial and accounting functions of the Group including preparing financial budgets and providing financial advice to the management for decision making, as well as developing and implementing financial policies to improve the profitability of the Group.
He obtained his Unified Examination Certificate for Independent Chinese Secondary Schools in Malaysia from Sekolah Menengah Shen Jai, Ipoh, Perak in 1989. He continued his education in Sekolah Menengah Shen Jai Ipoh, Perak and obtained his Accounting - Third Level certification from the LCCI Examinations Board in 1991. He has been a member of The Chartered Institute of Management Accountants ("CIMA") and the Malaysian Institute of Accountants, both since 1999.
In January 1991, he began his career in Francis Lee & Co. as Audit Assistant for 2 months where he assisted in the financial audit processes for clients. In March 1991, he joined MBF Construction Sdn Bhd as Accounts Assistant where he handled payments, prepared accounts receivables and assisted in debtor reconciliation. In 1992, he left to join Hexza Corporation Berhad as Accounts Assistant where he was responsible for preparing subsidiaries' accounts and consolidating accounts. In 1993, he left to pursue full-time studies in CIMA which he completed in 1995 and obtained his CIMA professional certification.
In 1995, he joined Sportma Corporation Berhad as Accounts Manager where he was responsible for the preparation of cash flows, monthly reporting, reviewing and updating the costing system, and assisted in the listing exercise of the company.
In 2000, he left Sportma Corporation Berhad and joined Maju Weko Timber Industries Sdn Bhd as Accountant where he was responsible for managing the administrative and finance functions including tax and regulatory requirements, licensing applications and renewals, and securing loan facilities from financial institutions. He also participated in the listing exercise of the company. In March 2003, he was transferred to Kota Pinang Sdn Bhd (a related company to Maju Weko Timber Industries Sdn Bhd) as Accountant and assumed similar responsibilities. In December 2003, he was promoted to Group Finance Manager when Leweko Resources Berhad, the holding company of Maju Weko Timber Industries Sdn Bhd and Kota Pinang Sdn Bhd, was listed Main Market on Bursa Securities through a reverse takeover exercise. He left the group in 2010.
In 2010, he joined his family business, Square One Concept Interior Design, a sole proprietorship involved in interior design and renovation, as Finance Manager where he was responsible for its finance and administrative functions.
In February 2012, he left to join another family business, Greenster Trading, a partnership involved in landscaping design and flowerpot manufacturing, as Finance Manager where he was responsible for its finance and administrative functions. In May 2012, he left to join Yayasan Bina Upaya Darul Ridzuan as Manager where he managed the overall finance and administrative operations of the company. In 2013, he left to join YBU Holdings Sdn Bhd where he managed the overall finance and accounting functions of the company and was involved in management decision making. In 2015, he was promoted to Finance Manager.
In 2017, he left YBU Holdings Sdn Bhd and joined SNS Network Malaysia as Financial Controller. In June 2020, he was promoted to Group Financial Controller and assumed his current responsibilities.
He holds 1,300,000 ordinary shares of SNS and does not hold any directorship in other public and/or public-listed company. He does not have any family relationship with any other Director, member of Key Senior Management or major shareholder of the Group and does not have any conflict of interest or potential conflict of interest including interest in any competing business with the Company or its subsidiaries. He has not been convicted for any offences within the past five (5) years nor has he been imposed of any public sanction or penalty by any relevant regulatory bodies during the financial year ended 31 January 2026.