Sing Investments & Finance Limited · SGX:S35
Sing Investments & Finance — Shareholder Meeting (2020)
36 slides from Sing Investments & Finance's shareholder meeting presentation, Nov 27, 2020
Slide 1: Annual General Meeting: Going Digital With A Human Touch
Ip a SING INVESTMENTS & FINANCE LIMITED ANNUAL GENERAL MEETING: uf fe wednesday ~ D Ageme 205.2020 2 10.00AM ecg GOING DIGITAL WITH A HUMAN TOUCH live webcast
Slide 2: Agenda
Agenda 1. COVID-19 : We Care 2. Impact on Business 3. SIF Credit Relief Schemes 4. Business Outlook 5. Shareholder’s Question 2
Slide 3: 1. COVID-19: We Care
1. COVID-19 : WE CARE • Coronavirus (COVID-19) is an unprecedented crisis that shocked the world. The world’s economies are at a standstill and Singapore is not spared too. • We recognize that this is a very difficult time for all us and how the outbreak has impacted us. 3
Slide 4: 1. COVID-19: We Care - For Our Employees
1. COVID-19 : WE CARE • Customers and employees’ well-being and safety are our top priorities. • We have reacted quickly to the new norm of caring for our customers and our employees. Here are some of the proactive actions we have taken. For Our Employees • Temperature taking • Increased frequency o
Slide 5: 1. COVID-19: We Care - For Our Customers
1. COVID-19 : WE CARE For Our Customers • Customers to wear a face mask • To minimize visitors at our branches/office premises: Use SIF Mobile app to perform transactions Tele-conference calls with customers 5
Slide 6: 1. COVID-19: We Care - Customer Engagement
1. COVID-19 : WE CARE Customer Engagement • Social media like Facebook • SIF website • Tele-conference platform • Electronic Direct Mails 6
Slide 7: 2. Impact on Business - Branches and Deposits
2. IMPACT ON BUSINESS Branches • Temporarily closed two of our branches i.e. Bedok and Jurong. • Operating hours for Main and Ang Mo Kio branches revised. • Visitors to branches reduced by around 50%. Deposits • Deposit balances remain stable. 7
Slide 8: 2. Impact on Business - Loans
2. IMPACT ON BUSINESS Loans • The situation of the COVID-19 outbreak is still very fluid. • Uncertainty on the duration and extent of slowdown in the business activities. • Difficult to quantify the full impact of the outbreak on our loans and non-performing loans. • The impact to the additional loa
Slide 9: Enterprise Singapore (ESG) Loans
3. SIF CREDIT RELIEF SCHEMES Enterprise Singapore (“ESG”) Loans • Provide Temporary Bridging Loan (“TBL”) and Enterprise Working Capital Loan (“EWCL”) to SME and corporate customers to help ease their cash flow issue • Receiving good response 9
Slide 10: Loan Payment Deferment
3. SIF CREDIT RELIEF SCHEMES Loan Payment Deferment • For mortgage and car loans • For individual - allowing “Principal” or “Principal + Interest” deferment and extension of loan period. • For SME/Corporate – allowing “Principal” deferment and extension of loan period. 10
Slide 11: 4. Business Outlook
4. BUSINESS OUTLOOK Key milestones • Digital-enabled core banking system • Retail mobile app - SIF Mobile • Internet/online banking • Inter-Bank GIRO • FAST (Fast And Secure Transfers) Our next focus • Digital solutions to our corporate customers • Payment ecosystem • Robotic process automation (“RP
Slide 12: 4. Business Outlook - Digital Bank License
4. BUSINESS OUTLOOK Digital Bank License • Tougher fight • Stiff competition • To bring ourselves up to speed • To focus on our digital transformation • To monitor the developments of the digital banks and will adapt accordingly ~ A Finance Company With A Human Touch ~ 12
Slide 13: 5. Shareholder's Question - Performance Share Plan
5. SHAREHOLDER’S QUESTION Performance Share Plan (“PSP”) • Option of just only using buyback / Treasury shares • To retain greater flexibility • Concern of shareholders will be considered for all possible options 13
Slide 14: Resolution 1
Resolution 1 Adoption of Directors’ statement and audited financial statements
Slide 15: Resolution 1 - Voting Results
Resolution 1 Adoption of Directors’ statement and audited financial statements No. of Votes Percentage For 56,356,671 100.00 Against 0 0.00
Slide 16: Resolution 2
Resolution 2 Approval of Directors’ fees
Slide 17: Resolution 2 - Voting Results
Resolution 2 Approval of Directors’ fees No. of Votes Percentage For 56,356,671 100.00 Against 0 0.00
Slide 18: Resolution 3
Resolution 3 Declaration of final dividend
Slide 19: Resolution 3 - Voting Results
Resolution 3 Declaration of final dividend No. of Votes Percentage For 56,356,671 100.00 Against 0 0.00
Slide 20: Resolution 4
Resolution 4 Re-election of Mr Chee Jin Kiong as a Director
Slide 21: Resolution 4 - Voting Results
Resolution 4 Re-election of Mr Chee Jin Kiong as a Director No. of Votes Percentage For 56,325,171 99.94 Against 31,500 0.06
Slide 22: Resolution 5
Resolution 5 Re-election of Mr Lee Sze Siong as a Director
Slide 23: Resolution 5 - Voting Results
Resolution 5 Re-election of Mr Lee Sze Siong as a Director No. of Votes Percentage For 56,345,071 99.98 Against 11,600 0.02
Slide 24: Resolution 6
Resolution 6 Re-appointment of Messrs Deloitte & Touche LLP as Auditors and to authorise Directors to fix their remuneration
Slide 25: Resolution 6 - Voting Results
Resolution 6 Re-appointment of Messrs Deloitte & Touche LLP as Auditors and to authorise Directors to fix their remuneration No. of Votes Percentage For 56,356,671 100.00 Against 0 0.00
Slide 26: Resolution 7
Resolution 7 General mandate to authorise the Directors to issue new shares or convertible instruments
Slide 27: Resolution 7 - Voting Results
Resolution 7 General mandate to authorise the Directors to issue new shares or convertible instruments No. of Votes Percentage For 55,480,896 98.45 Against 875,775 1.55
Slide 28: Resolution 8
Resolution 8 Approval of the proposed adoption of the Sing Investments & Finance Limited Performance Share Plan 2020 (the “PSP”)
Slide 29: Resolution 8 - Voting Results
Resolution 8 Approval of the proposed adoption of the Sing Investments & Finance Limited Performance Share Plan 2020 (the “PSP”) No. of Votes Percentage For 6,138,910 86.66 Against 945,175 13.34
Slide 30: Resolution 9
Resolution 9 Approval of the proposed participation by Mr Lee Sze Leong, the Chief Executive Officer and a Controlling Shareholder of the Company in the PSP
Slide 31: Resolution 9 - Voting Results
Resolution 9 Approval of the proposed participation by Mr Lee Sze Leong, the Chief Executive Officer and a Controlling Shareholder of the Company in the PSP No. of Votes Percentage For 6,138,910 86.66 Against 945,175 13.34
Slide 32: Resolution 10
Resolution 10 Approval of the proposed participation by Mr Lee Sze Siong, the Deputy Managing Director and a Controlling Shareholder of the Company in the PSP
Slide 33: Resolution 10 - Voting Results
Resolution 10 Approval of the proposed participation by Mr Lee Sze Siong, the Deputy Managing Director and a Controlling Shareholder of the Company in the PSP No. of Votes Percentage For 6,138,910 86.66 Against 945,175 13.34
Slide 34: Resolution 11
Resolution 11 Approval of the proposed adoption of the Share Buyback Mandate
Slide 35: Resolution 11 - Voting Results
Resolution 11 Approval of the proposed adoption of the Share Buyback Mandate No. of Votes Percentage For 7,084,085 100.00 Against 0 0.00
Slide 36: Thank you for tuning in to our live webcast
SING INVESTMENTS & FINANCE LIMITED ANNUAL GENERAL MEETING Thank you for tuning in to our live webcast. For more information on SIF Annual General Meeting, please go to www.sif.com.sg/annual-general-meeting.php Please continue to stay strong and safe. Together, we can overcome this difficult time.
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