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September 22, 2022

SK MAGIC UNDERTAKES THE HOLISTIC RETIREMENT PLANNING OF ITS SALES AGENTS THROUGH THE INTRODUCTION OF EPF VOLUNTARY CONTRIBUTIONS

SEP 2022 – SK MAGIC UNDERTAKES THE HOLISTIC RETIREMENT PLANNING OF ITS SALES AGENTS THROUGH THE INTRODUCTION OF EPF VOLUNTARY CONTRIBUTIONS

SK magic sales agents can now make EPF contributions through voluntary contributions.

SK magic to offer additional 8% – 15% to its sales agents

(From left to right: Mr Andy Kim, Managing Director of SK magic Malaysia and Mr Nor Azhar bin Abdul Mokti, Senior Manager of EPF Central Region Head Office)

KUALA LUMPUR, 22 SEPTEMBER 2022 – SK magic Malaysia and the Employees Provident Fund (EPF) have joined hands together to encourage its sales agents who are solely commission-based to save for their retirement through the EPF’s voluntary contribution scheme.

The EPF Voluntary Contribution is a scheme that allows EPF members who are self-employed and do not earn a regular income to make voluntary contributions of any amount up to a maximum of RM60,000 per year to their EPF account any-time and within their financial ability.  Through this EPF scheme, commission-based individuals and those who work in the “gig company” are able to save and better plan for their future retirement wellbeing. Not only do members get to prepare for their retirement, they will also be able to enjoy benefits such as annual dividends, tax relief, and other benefits accorded to EPF members.

Starting from September, SK magic Malaysia will provide attractive incentives to eligible sales agents according to their job positions. To start, all SK magic Malaysia’s Magic Specialists will first be eligible for an additional 8% contribution, up to a maximum of RM1,500 per year; then, the Magic Manager will be eligible for an additional 15% contribution, up to a maximum of RM4,000 per year; the Senior Magic Manager will be eligible for an additional 15% contribution, up to a maximum of RM7,000 per year; and finally, the Chief Magic Officer will be eligible for an additional 15% contribution, up to a maximum of RM10,000 per year.

(Standing from left to right: Mr Ong Boon Jin, Mr Kim Jungmin, Ms Sharina, Mr Kim Taejin, Mr Son Chulmin, Mr Norhisham bin Abdul Leham, Mr Amirul Izzat Bin Khalid, Mr Shamsul Kamar bin Ismail, Ms Norazlina binti Mokhtar, Ms Nur Syafiqah binti Azman and Ms Eunice Ling)

(Sitting from left to right: Mr Kwak Kihyung, Mr Andy Kim, Mr Nor Azhar bin Abdul Mokti and Mr Jaafar bin Edon)

SK magic Malaysia’s Managing Director, Andy Kim said, “We are thankful for the EPF in helping to create a holistic future for every Malaysian. We at SK magic Malaysia are committed to ensuring that everyone has equal access to diverse economic opportunities. We also strive to combat labour shortages by providing financial assistance through the digital economy, particularly to individual in special circumstances such as retirees or individual with disabilities.

“As a result of the pandemic that took the entire world down for a great two years, we have seen many individuals suffered as they lost their main source of income and how they strive to provide for their families. This got me to realise that it is us that can make a change to their world by providing an opportunity for them to rise again. With that said, we have gone beyond to provide additional 8% – 15% to our agents who contribute through the EPF Voluntary Contribution,” he added.

EPF Senior Manager of Central Region Head Office, Mr Nor Azhar bin Abdul Mokti said, “SK magic Malaysia’s initiative for its sales agents will help improve the retirement well-being of its sales agents. We applaud SK magic Malaysia’s unwavering dedication to motivating and inspiring its sales representatives to take charge of their retirement planning. We hope that this initiative with the EPF will help boost their financial literacy as it is important for us to have financial capability as a life skill that can prepare us for any eventualities.”

For more information about this initiative, visit SK magic’s official website at http://www.skmagic.com.my or SK magic’s social media platforms, Instagram @myskmagic_ and Facebook page @myskmagic.

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WHISTLEBLOWING POLICY AND PROCEDURES

  1. BACKGROUND AND PURPOSE
SK Magic Retails Malaysia Sdn Bhd (“Company”) is committed to the values of transparency, integrity, impartiality and accountability in the conduct of its business and affairs and in its nature of work.

This Policy provides any persons acting in good faith to raise concerns and disclose actual or potential wrongdoings or misconduct in the Company. These wrongdoings or misconduct include but are not limited to:
  1. violation of laws and regulations,
  2. unethical behavior or breach of Company’s Code of Ethics,
  3. giving, solicitation or acceptance of bribes,
  4. acts that adversely affect the interests or values of the Company
  5. unauthorized disclosure of Company information,
  6. falsification of reports or documents,
  7. fraud, theft, embezzlement or misuse of Company assets,
  8. improper or undesirable personal behavior or misdeeds which seriously impacts our Company’s business or reputation,
  9. sexual or other forms of harassment; and
  10. attempts to cover any of the aforementioned.

  1. PROCEDURES AND REPORTING
A whistleblower is encouraged to make a report of the wrongdoing when the whistleblower becomes aware and reasonably believes in good faith that a wrongdoing is likely to happen, is being committed or has been committed.

The whistleblower needs to demonstrate that the whistleblower has reasonable grounds for the concerns. However, the whistleblower is not expected to first obtain substantial evidence of proof beyond reasonable doubt when making a disclosure. If the whistleblower knows as a matter of fact that there are reasonable grounds of suspicion that a wrongdoing is going to take place, such genuine concerns is encouraged to be raised at an early stage.

A disclosure of a wrongdoing can be made via a report. The following particulars in the report:
  • Details and description of the wrongdoing, including, its nature, the date, time, and place of its occurrence and the identity of the alleged person(s) involved. (A disclosure may be made even if whistleblower is not able to identify the identity of the person(s) involved)
  • Any other particulars such as witnesses, if any; and or documentary evidence, if any.

  1. INVESTIGATION
The Company shall conduct its own internal investigations comprising appropriate and suitably qualified personnel to investigate the concerns disclosed in the whistleblowing report in a fair and objective manner and to ascertain whether it is related to a Wrongdoing or excluded from the scope of this Policy. Thereafter, the qualified investigation personnel shall make general recommendations to the Managing Director and/or Board of Directors.

The Managing Director and/or Board of Directors has the authority to make the final decisions including, but not limited to the following:
  • consideration under other internal procedures or disciplinary procedures including suspension, termination (if appropriate and applicable);
  • suspending the alleged wrongdoer or any other implicated person to facilitate any fact finding;
  • obtaining any other assistance (ie, legal advise or external auditors); and
  • referral to the police or any other appropriate enforcement authority.
If the wrongdoing involves any of the Board of Directors, the recommendation shall also be made to the Board of Directors of SK Group Korea for decision.

In the event, the whistleblower is implicated or discovered to be or have been involved in any wrongdoing, the whistleblower may also be investigated.

  1. CONFIDENTIALITY AND PROTECTION UNDER THE POLICY
The Company shall endeavour to keep the personal details provided by the Whistleblower confidential unless:-
  • the whistleblower participated in the wrongdoing;
  • the whistleblower expressly agrees otherwise, and provides his agreement in writing; or
  • otherwise required by law for any purpose of proceedings.

  1. NOTICE
Please take notice that this policy is not intended for employees to lodge employee grievances or appeal on disciplinary procedures. Employees can report employee grievances or lodge appeals on disciplinary procedures through the Company’s human resources department.

This Whistleblowing Policy may be updated or amended from time to time.

SK magic
cares

Dear Valued SK magic Customer,
 
If your SK magic product is affected by flood, please follow the necessary step for us to replace your damage product.
 
1) Take the picture of the affected of SK magic product and send it to us at callcentre@skmagic.com.my
2) Our magic engineer will schedule a house visit to conduct inspection and product service.
3) Make a police report and submit to SK magic for warranty claim purpose within 1 month.
4) Please contact us at 1800-18-7878 or e-mail us at callcentre@skmagic.com.my for further assistance.
 
Dear Valued SK magic Customer,
 
If your SK magic product is affected by flood, please follow the necessary step for us to replace your damage product.
 
1) Take the picture of the affected of SK magic product and send it to us at callcentre@skmagic.com.my
2) Our magic engineer will schedule a house visit to conduct inspection and product service.
3) Make a police report and submit to SK magic for warranty claim purpose within 1 month.
4) Please contact us at 1800-18-7878 or e-mail us at callcentre@skmagic.com.my for further assistance.
 
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