Business Description

ALPS Global Holding Berhad (the “Company”) is a private limited liability company incorporated and domiciled in Malaysia. The registered office of the Company is located at Unit 20-5, Level 20, Q Sentral, 2A Jalan Stesen Sentral 2, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia. The principal place of business is at Unit E-18-01 & E-18-02, Level 18, Icon Tower (East), No 1 Jalan 1/68F, Jalan Tun Razak, 50400 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia.

The principal activities of the Company and its subsidiaries (together referred to as the Group) are involving in the business of research and development (including stem cell) in all kinds of biotechnology related business, invest and manage business such as health and beauty centre, medical centre as well as acting as an investment holding company.

These consolidated financial statements comprise the results of the Group.

Restatement of Current Year Consolidated Financial Statements

The Group identified certain misstatements in the consolidated statement of financial position and the consolidated statement of cash flows. These adjustments were made to reflect the classification of the investment in unquoted shares and the recognition of the patent license agreement in intangible assets. The effects of these restatements on the financial statements are disclosed in Note 32.