KUALA LUMPUR: Matrix Concepts Holdings Bhd
announced that its Board of Directors has approved the appointment of Kelvin Lee Chin Chuan as group managing director, effective June 1, 2026.
Lee holds a Master’s degree in Civil Engineering from the University of Melbourne and began his career as a structural engineer with AECOM Malaysia.
In a statement, Matrix Concepts said Lee first joined the group in May 2018 and served until March 2021, gaining early exposure to the group’s development operations and execution processes through his role supporting the leadership team.
He later spent four years outside the organisation broadening his industry experience, before returning in April 2025 as group executive director.
Since his return, he has played an active role in strengthening the group’s strategic direction and organisational structure, with a focus on advancing a more integrated and ecosystem-driven approach to township development.
Over the past year, this direction has progressively taken shape through several key initiatives across the group.
Among these initiatives is the collaboration with Golog Holdings Sdn Bhd for the development of the China-Malaysia Air Silk Road Dual Hub Industrial Park Cooperation Project in MVV TechValley, further reinforcing Negeri Sembilan’s position as an emerging logistics and industrial hub.
Lee said Matrix Concepts continues to remain anchored by its founding philosophy of creating environments that enrich lives, even as expectations surrounding quality, integration, and liveability continue to evolve.
“Matrix Concepts was built on a simple philosophy — to create environments that enrich lives. That foundation remains unchanged,” he said.
“What has evolved are the expectations surrounding quality, connectivity, and integration. Our focus is to continuously strengthen township ecosystems that bring together living, education, healthcare, and lifestyle components in a more holistic and structured way,” he added.
Lee noted that sustainable growth is ultimately driven not only by ideas, but by strong execution discipline and organisational clarity, particularly within a listed environment where alignment and consistency are critical.
“Sustainable growth comes from how effectively ideas are executed and embedded across the organisation,” he said.
For the fourth quarter ended March 31, Matrix Concepts posted a net profit of RM38.7mil, or earnings per share of 2.06 sen, compared with RM42.7mil, or 2.88 sen, in the corresponding quarter a year earlier.
Revenue for the quarter rose to RM308.9mil from RM305.2mil previously.
For the full financial year ended March 31 (FY26), Matrix Concepts recorded a net profit of RM219.3mil, up 2.5% from RM214.03mil a year earlier, while revenue increased 18.1% to a record RM1.36bil from RM1.15bil previously.
The stronger performance was supported by steady construction progress across key developments, contributions from new revenue streams, and the group’s expanding industrial revenue stream.
The board declared a fourth interim single-tier dividend of 1.25 sen per ordinary share for FY2026, payable on July 9, 2026.
