Slide 1: 4Q2019 & FY2019 Results Presentation
20 February 2020 4Q2019 & FY2019 Results Presentation iFAST Corporation Ltd.
Slide 2: Disclaimer
Disclaimer This presentation should be read as an overview of iFAST Corporation Ltd.’s ("iFAST Corp“ or the “Company”, and together with its subsidiaries, the “Group”) current business activities and operating environment. This presentation should not be solely relied upon by current and potential i
Slide 3: Table of Contents
Table of Contents Key Summary Pg. 4 4Q2019 (Oct – Dec 2019) and FY2019 (Jan – Dec 2019) Results Pg. 9 Section I Financial Indicators Financial Results Proposed Final Dividend Championing Transparency Standards – Continuation of Quarterly Reporting Continuing Our Scalable Fintech Business M
Slide 4: Key Summary
Key Summary • The Group started 2019 on a weak footing, but saw significant improvements as the year progressed. As at 31 December 2019, the Group’s Assets under Administration (AUA) grew 24.2% YoY to a record high of S$10.00 billion. • Record AUAs have been achieved in Singapore, Hong Kong and Mala
Slide 5: Key Summary
Key Summary • While the Group is expected to continue to improve on upgrading its regional platform capabilities further, including laying the initial foundations to be a digital/virtual bank, the Group expects that over the next 12 months, the pace at which the Group’s operating expenses will be in
Slide 6: Key Summary
Key Summary • The outbreak of COVID-19 has caused substantial concerns of potential negative impact on the overall business environment. As at 19 Feb 2020, the Group has not seen any substantial adverse impact on its overall business. The AUA of the Group as at 19 Feb 2020 has remained above the lev
Slide 7: Group AUA grew 24.2% YoY to a record high of S$10.00 billion
Group AUA grew 24.2% YoY to a record high of S$10.00 billion S$ million AUA (as at 31 Dec 2019): S$10.00 billion1 $10,000 $9,000 $8,000 $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $- Jun-13 Jun-01 Jun-02 Jun-03 Jun-04 Jun-05 Jun-06 Jun-07 Jun-08 Jun-09 Jun-10 Jun-11 Jun-12 Jun-14 Jun-15 Jun-16
Slide 8: Net sales & Subscription ex-switching
Net sales & Subscription ex-switching S$ million Net Sales S$ million Subscription ex-switching $1,000 $976 $4,500 $4,328 $942 $900 $4,000 $786 $3,605 $800 $3,500 $700 $3,000 $600 $2,453 $2,500 $500 $396 $2,000 $400 $1,670 $1,574 $300 $268 $1,500 $235 $1,229 $200 $1,000 $710 $100 $500 $(8) $- 2015 2
Slide 9: Financial Results
SECTION I Financial Results iFAST Corporation Ltd. 9
Slide 10: Presentation of Group’s Results
Presentation of Group’s Results Presentation of Group’s results (including and excluding China) • In view that our China operation is a relatively new market for the Group, we are presenting our presentation results based on the results of: 1) Group excluding China operation; and 2) Group including
Slide 11: Financial Results for Group (excluding China operation) (4Q2019 vs 4Q2018)
Financial Results for Group (excluding China operation) (4Q2019 vs 4Q2018) S$ (Million) 4Q2018 4Q2019 YoY change (%) Revenue 27.83 33.64 +20.9 Net revenue 14.67 16.78 +14.4 Other income 0.26 0.52 +95.5 Expenses 11.68 12.79 +9.5 Net finance income 0.11 0.07 -42.5 Share of results of associates, net o
Slide 12: Financial Results for Group (including China operation) (4Q2019 vs 4Q2018)
Financial Results for Group (including China operation) (4Q2019 vs 4Q2018) S$ (Million) 4Q2018 4Q2019 YoY change (%) Revenue 27.99 33.82 +20.8 Net revenue 14.82 16.96 +14.4 Other income 0.26 0.52 +95.5 Expenses 13.02 14.24 +9.3 Net finance income 0.12 0.04 -64.5 Share of results of associates, net o
Slide 13: Financial Results for Group (excluding China operation) (FY2019 vs FY2018)
Financial Results for Group (excluding China operation) (FY2019 vs FY2018) S$ (Million) FY2018 FY2019 YoY change (%) Revenue 120.50 124.84 +3.6 Net revenue 58.87 64.64 +9.8 Other income 1.16 2.04 +75.3 Expenses 44.12 50.43 +14.3 Net finance income/(cost) 0.79 -0.03 NM Share of results of associates,
Slide 14: Financial Results for Group (including China operation) (FY2019 vs FY2018)
Financial Results for Group (including China operation) (FY2019 vs FY2018) S$ (Million) FY2018 FY2019 YoY change (%) Revenue 121.24 125.41 +3.4 Net revenue 59.62 65.20 +9.4 Other income 1.16 2.04 +75.3 Expenses 49.78 56.06 +12.6 Net finance income/(cost) 0.83 -0.06 NM Share of results of associates,
Slide 15: Results Overview for Group (excluding China operation)
Results Overview for Group (excluding China operation) S$ (Million) FY2015 FY2016 FY20171 FY2018 FY2019 Revenue 85.34 79.89 100.65 120.50 124.84 Net revenue 41.53 40.46 49.01 58.87 64.64 Other income 1.53 1.88 1.10 1.16 2.04 Operating expenses 30.06 33.13 37.31 44.12 50.43 Net finance income/(cost)
Slide 16: Results Overview for Group (including China operation)
Results Overview for Group (including China operation) S$ (Million) FY2015 FY2016 FY20171 FY2018 FY2019 Revenue 85.34 80.60 101.17 121.24 125.41 Net revenue 41.53 40.69 49.45 59.62 65.20 Other income 1.53 1.88 1.08 1.16 2.04 Operating expenses 31.08 37.16 42.19 49.78 56.06 Net finance income/(cost)
Slide 17: PBT margin for Group (based on net revenue)
PBT margin for Group (based on net revenue) (excluding China operation) (including China operation) 35.0% 35.0% 33.1% 30.7% 30.0% 29.2% 30.0% 26.8% 24.3% 24.9% 25.0% 25.0% 20.7% 20.0% 20.0% 17.7% 17.0% 15.0% 15.0% 15.0% 10.0% 10.0% 5.0% 5.0% 0.0% 0.0% 2015 2016 2017 2018 2019 2015 2016 2017 2018 201
Slide 18: Financial Indicators
Financial Indicators S$ (Million) FY2015 FY2016 FY2017 FY2018 FY2019 Net Cash Position1 61.48 54.59 55.91 48.06 40.15 Operating Cash Flows 14.18 5.63 13.22 17.62 19.38 Operating Cash Flows (excluding China 15.43 8.79 16.92 21.62 23.54 Operation) Capital Expenditure2 5.45 6.61 7.47 10.73 11.90 Net Cu
Slide 19: Net Cash Position
Net Cash Position As at 31 Dec 2019 (S$ million) Cash and cash equivalents 24.81 Other investments¹ 19.14 Total cash and other investments 43.95 Less: Bank loans (3.80) Net Cash Position 40.15 (total cash and other investments net off bank loans) Gross Debt-to-Equity Ratio 4.23% Net Debt-to-Equity R
Slide 20: Group Operating Cash Flows
Group Operating Cash Flows S$ million 25 23.54 21.62 20 19.38 17.62 16.92 15.43 15 14.18 13.22 10 8.79 5.63 5 0 2015 2016 2017 2018 2019 Operating Cash Flows (excluding China) Operating Cash Flows (including China) iFAST Corporation Ltd. 20
Slide 21: Capital Expenditure
Capital Expenditure S$ thousand 11,901 12,000 10,727 10,810 11,000 10,000 9,000 8,000 7,466 7,000 6,615 6,000 5,454 5,000 4,000 3,000 2,339 2,000 1,714 1,554 1,000 214 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020F* Note: * Does not take into consideration the successful application of the Dig
Slide 22: Number of issued shares
Number of issued shares As at 31 Dec 2018 As at 31 Dec 2019 Total number of issued shares (excluding treasury shares and 266,776,679 268,732,479 subsidiary holdings) iFAST Corporation Ltd. 22
Slide 23: Our Consolidated Financial Position
Our Consolidated Financial Position As at 31 Dec 19 As at 31 Dec 18 S$’000 S$’000 NON-CURRENT ASSETS Plant and Equipment 3,689 3,254 Right-of-use Assets 14,390 - Intangible Assets and Goodwill 22,212 17,860 Subsidiaries - - Associates 5,375 2,951 Other Investments 5,329 5,062 Deferred Tax Assets 1,1
Slide 24: Our Consolidated Financial Position
Our Consolidated Financial Position As at 31 Dec 19 As at 31 Dec 18 S$’000 S$’000 EQUITY Share Capital 66,180 65,969 Other Reserves 23,877 19,595 EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY 90,057 85,564 Non-Controlling Interests (421) (209) TOTAL EQUITY 89,636 85,355 NON-CURRENT LIABILITIES Deferr
Slide 25: Proposed Final Dividend for FY2019
Proposed Final Dividend for FY2019 Final Dividend for FY2019 - Schedule Dividend per share 0.90 cents per ordinary share Ex-dividend date 4 May 2020 Record date and time 5 May 2020 (5.00 pm) Payment date 19 May 2020 • For the final dividend for FY2019, the Directors proposed a dividend per share of
Slide 26: Championing Transparency Standards – Continuation of Quarterly Reporting
Championing Transparency Standards – Continuation of Quarterly Reporting • SGX has recently adopted a new risk-based approach to quarterly reporting (QR) effective 7 February 2020. Under this approach, only companies with higher risk are required to perform QR. • Although iFAST Corp is not among the
Slide 27: Goals in 2020
SECTION II Goals in 2020 iFAST Corporation Ltd. 27
Slide 28: Continuing Our Scalable Fintech Business Model
Continuing Our Scalable Fintech Business Model • iFAST Corp has developed a well-established Fintech ecosystem in five Asian markets. In this ecosystem, it has continued to improve its Fintech capabilities that enable companies, advisers and clients to invest in a vast range of investment products,
Slide 29: Moderation of Growth in Expenses, Aiming For Improving Margins
Moderation of Growth in Expenses, Aiming For Improving Margins • While the Group is expected to continue to improve on upgrading its platform capabilities further, including laying the initial foundations to be a digital/virtual bank, the Group expects that the pace at which the Group’s operating ex
Slide 30: Pursuing a Digital Bank Licence in Singapore
Pursuing a Digital Bank Licence in Singapore – Seeking To Better Tap Into Singapore’s Global Wealth Management Hub Status • iFAST Corp led a consortium comprising of Yillion Group (亿联集团) and Hande Group (瀚德集团) and submitted an application for a digital wholesale bank licence in Singapore. • iFAST Co
Slide 31: Pursuing a Digital Bank Licence in Singapore
Pursuing a Digital Bank Licence in Singapore – Seeking To Better Tap Into Singapore’s Global Wealth Management Hub Status • Singapore has established itself as one of the leading private banking and wealth management centres globally and in Asia. It has done well in attracting many high net worth an
Slide 32: Our Performance Trends
SECTION III Our Performance Trends iFAST Corporation Ltd. 32
Slide 33: AUA Breakdown: Markets & Products
AUA Breakdown: Markets & Products (as at 31 December 2019) AUA Breakdown By Markets Breakdown by Products 2.9% 3.6% 8.7% 6.1% 7.7% 22.9% 65.5% 82.6% Singapore Hong Kong Unit Trusts Bonds Malaysia Others (China & India) Stocks & ETFs Cash Account iFAST Corporation Ltd. 33
Slide 34: Net revenue breakdown between recurring and non-recurring sources
Net revenue breakdown between recurring and non-recurring sources Average contribution from recurring net revenue as opposed to non-recurring net revenue in the period from 2015 to 2019 was 82.8% S$ million 70 60 12.3 11.3 50 8.5 40 6.9 6.0 7.2 30 6.0 52.9 4.0 48.3 4.8 20 18.1 4.6 40.9 12.3 34.6 34.
Slide 35: Net revenue as a ratio of average AUA
Net revenue as a ratio of average AUA 0.800% 0.700% 0.122% 0.105% 0.126% 0.139% 0.138% 0.600% 0.500% 0.400% 0.300% 0.615% 0.609% 0.606% 0.596% 0.594% 0.200% 0.100% 0.000% 2015 2016 2017 2018 2019 Recurring net revenue / AUA Non-recurring net revenue / AUA iFAST Corporation Ltd. 35
Slide 36: Recurring and Non-Recurring Net Revenue
Recurring and Non-Recurring Net Revenue S$ (Million) FY2015 FY2016 FY2017 FY2018 FY2019 Recurring net revenue 34.64 34.71 40.95 48.32 52.94 Non-recurring net revenue 6.89 5.98 8.50 11.30 12.26 Total net revenue 41.53 40.69 49.45 59.62 65.20 YoY Change (%) FY2015 FY2016 FY2017 FY2018 FY2019 Recurring
Slide 37: Net Revenue – Geographical Segment
Net Revenue – Geographical Segment S$ (Million) FY2015 FY2016 FY2017 FY2018 FY2019 Singapore 30.04 29.54 34.77 39.30 41.95 Hong Kong 9.55 8.66 10.78 14.26 16.71 Malaysia 1.94 2.26 3.47 5.32 5.97 China - 0.23 0.43 0.75 0.57 Group 41.53 40.69 49.45 59.62 65.20 YoY Change (%) FY2015 FY2016 FY2017 FY201
Slide 38: Net Revenue – B2B Business Segment
Net Revenue – B2B Business Segment B2B Net Revenue FY2015 FY2016 FY2017 FY2018 FY2019 (S$ Million) Recurring net revenue 24.50 24.49 28.85 33.88 37.12 Non-recurring net revenue 4.09 3.86 5.15 7.22 7.19 Total B2B net revenue 28.59 28.35 34.00 41.10 44.31 YoY Change (%) FY2015 FY2016 FY2017 FY2018 FY2
Slide 39: Net Revenue – B2C Business Segment
Net Revenue – B2C Business Segment B2C Net Revenue FY2015 FY2016 FY2017 FY2018 FY2019 (S$ Million) Recurring net revenue 10.15 10.22 12.10 14.44 15.81 Non-recurring net revenue 2.79 2.12 3.35 4.08 5.08 Total B2C net revenue 12.94 12.34 15.45 18.52 20.89 YoY Change (%) FY2015 FY2016 FY2017 FY2018 FY2
Slide 40: Profit/Loss – Geographical Segment
Profit/Loss – Geographical Segment YoY Profit/Loss Change YoY Change (S$ Million) 4Q2018 4Q2019 (%) FY2018 FY2019 (%) Singapore 2.19 2.43 +10.5 11.86 9.96 -16.1 Hong Kong 0.77 1.61 +107.6 3.42 4.42 +29.3 Malaysia 0.39 0.53 +38.3 1.37 1.76 +28.6 Other1 0.63 0.11 -82.0 0.52 (0.05) NM Profit before tax
Slide 41: Profit/Loss – Geographical Segment
Profit/Loss – Geographical Segment Profit/Loss (S$ Million) FY2015 FY2016 FY20172 FY2018 FY2019 Singapore 11.82 9.07 10.62 11.86 9.96 Hong Kong 1.65 0.53 1.77 3.42 4.42 Malaysia 0.28 0.38 1.07 1.37 1.76 Other1 (0.02) (0.16) (0.33) 0.52 (0.05) Profit before tax (excluding China operation) 13.73 9.82
Slide 42: Transaction Volume Of Bondsupermart’s Affiliated Brokers From Inception
Transaction Volume Of Bondsupermart’s Affiliated Brokers From Inception S$ million 200.00 183.71 180.00 162.72 165.99 160.00 152.69 140.00 135.30 127.30 116.22 120.00 102.43 102.41 100.00 90.36 85.15 83.95 80.00 76.75 70.88 68.91 56.64 60.00 53.08 53.29 50.76 46.66 43.43 41.09 40.92 40.00 35.52 20.0
Slide 43: Transaction Volume Of Bondsupermart’s Affiliated Brokers From Inception
Transaction Volume Of Bondsupermart’s Affiliated Brokers From Inception S$ million 700.00 612.30 600.00 516.78 500.00 400.00 353.47 300.00 249.72 229.80 200.00 184.09 100.00 29.92 13.38 0.00 2012 2013 2014 2015 2016 2017 2018 2019 iFAST Corporation Ltd. 43
Slide 44: Progress of Individual Markets: Singapore
Progress of Individual Markets SINGAPORE • Net revenue grew 6.8% YoY to S$41.95 million in FY2019, while net profit before tax fell 16.1% YoY to S$9.96 million in FY2019. • The AUA of the Singapore operation grew 21.4% YoY, reaching S$6.55 billion as at 31 December 2019. Both its B2B and B2C divisio
Slide 45: Progress of Individual Markets: Singapore
Progress of Individual Markets SINGAPORE • FSMOne.com launched a new service for its clients who can trade in selected ETFs across SGX, HKEX and US exchanges via a regular savings plan, from just S$50 a month in November 2019. This service enables investors to build a global portfolio easily. • FSMO
Slide 46: Progress of Individual Markets: Hong Kong
Progress of Individual Markets HONG KONG • Net revenue grew 17.2% YoY to S$16.72 million and net profit before tax grew 29.3% YoY to S$4.42 million in FY2019. • Hong Kong’s AUA grew 24.3% YoY to S$2.28 billion as at 31 December 2019. • As the market sentiment improved, the B2C division saw strong re
Slide 47: Progress of Individual Markets: Hong Kong
Progress of Individual Markets HONG KONG • Hong Kong B2B division revamped its web portal for both iFAST Central and iFAST Global Prestige in 4Q2019. The new web portal allows clients to review their adviser’s recommendations, approve trade transactions, and view consolidated portfolio holdings seam
Slide 48: Progress of Individual Markets: Malaysia
Progress of Individual Markets MALAYSIA • Net revenue grew 12.2% YoY to S$5.97 million and net profit before tax grew 28.6% YoY to S$1.76 million in FY2019. • Malaysia’s AUA grew 38.5% YoY to hit S$869.16 million as at 31 December 2019. • The Malaysia operation continued to see strong investment inf
Slide 49: Progress of Individual Markets: Malaysia
Progress of Individual Markets MALAYSIA • iFAST Malaysia has set up its new office hub in Ipoh in 4Q2019. This is the fourth office besides Kuala Lumpur, Penang and Kota Kinabalu. • To help the iFAST Global Markets (iGM) advisers serve their clients located across different parts of Malaysia more ef
Slide 50: Progress of Individual Markets: China
Progress of Individual Markets CHINA • Net revenue in the China operation grew 12.9% YoY in 4Q2019, but fell 24.1% YoY in FY2019. • China’s AUA grew 16.1% YoY to S$101.50 million (approximately RMB 526 million) as at 31 December 2019. This is supported by a 32.10% and 8.86% YoY increase in the AUA o
Slide 51: Progress of Individual Markets: China
Progress of Individual Markets CHINA • China B2B2C division sustained a strong growth momentum in 4Q2019, due to the onboarding of new clients with strong growth potential. The growth momentum is expected to continue in 1H2020. • The iGM business launched the Wrap Account services in 4Q2019 to help
Slide 52: Progress of Individual Markets: India
Progress of Individual Markets INDIA • As at 31 December 2019, iFAST Corp holds an effective 35.9% share in iFAST Financial India Pvt Ltd, the key business of the Group’s India business, which engages in the distribution of investment products including unit trust in India. • India’s AUA grew to Ind
Slide 53: Progress of Individual Markets: India
Progress of Individual Markets INDIA • Following the launch of the web application with the new client login feature in 4Q2019, iFAST India is gearing up to launch the adviser login feature in 2Q2020. iFAST India is also planning to roll out customer relationship management and financial planning to
Slide 54: Appendices
SECTION IV Appendices iFAST Corporation Ltd. 54
Slide 55: Business Overview
Business Overview • iFAST Corporation Ltd. is a wealth management fintech platform with assets under administration (AUA) of S$10.00 billion as at 31 Dec 2019 (stock code: AIY). • Main business divisions: ─ Business-to-Consumer (B2C) platform, Fundsupermart (including the new FSMOne multi-products a
Slide 56: Milestones
Milestones 2000 2008 2014 • Launch of Fundsupermart.com • Launch of iFAST Platform Services • Incorporation of iFAST Platform (B2C) in Singapore (B2B) in Hong Kong Services (Shenzhen) Qianhai in China • Launch of Fundsupermart.com • Listing on SGX-ST 2002 (B2C) and iFAST Platform Services • Launch o
Slide 57: Milestones Cont’d
Milestones Cont’d 2016 2017 2019 • Acquisition of a stockbroking • Launch of stocks & ETFs on FSM Hong Kong • iFAST Singapore clinched “Fastest Growing SGX- company and an insurance • Launch of bonds on FSM Malaysia and online ST Member” Award at SGX Awards Night 2019 brokerage firm in Hong Kong DPM
Slide 58: iFAST Fintech Ecosystem
iFAST Fintech Ecosystem (as at 31 Dec 2019) Connecting All to Help Investors Invest Globally and Profitably Fund Houses Fundsupermart.com / FSMOne.com / Holds relevant B2C Bondsupermart licences in 5 markets Banks/ Over Bond Dealers 420,000 customer FA Companies accounts in 5 Markets Over 400 compan
Slide 59: The iFAST Fintech Ecosystem
The iFAST Fintech Ecosystem • Products and services: ─ Unit trusts (over 6,700 funds from over 260 fund houses) ─ Bonds (over 1,200 direct bonds) ─ Stocks & ETFs – in 3 markets (Singapore, Hong Kong and US) ─ Discretionary portfolio management services • Over 400 financial institutions and other cor
Slide 60: The Revenue Drivers
The Revenue Drivers • The iFAST business model predominantly involves growing the size of our assets under administration (AUA). Higher AUA will generally lead to higher revenues. • Recurring income accounts for approximately 80% of our net revenue • Sources of Non-Recurring Net Revenue ─ Transactio
Slide 61: Licences Held and Products and Services Available
Licences Held and Products and Services Available (as at 31 December 2019) • Type 1: Dealing in Securities [SFC] • Type 4: Advising on Securities [SFC] • Type 9: Asset Management [SFC] • MPFA • SEHK Participant • HKSCC Participant PRODUCTS AVAILABLE: UT / Bonds / Stocks / ETFs / DPMS • Fund Distribu
Slide 62: Our Value Proposition
Our Value Proposition PRODUCT B2B B2C PROVIDERS CUSTOMERS DIY INVESTORS • One platform, multiple • One platform, multiple investment • One platform, multiple B2C and B2B customers products investment products • No need to enter into • Adoption of recurring revenue business • Competitive and transpar
Slide 63: iFAST’s Fintech Footprint: Past and Present
iFAST’s Fintech Footprint: Past and Present PAST: Building the Foundation (2000-2013) PRESENT: Stepping Up the Game (2014-2019) Focus on building Fintech capabilities in-house to Focus on broadening the range and depth of investment efficiently and effectively deliver innovative products and asset c
Slide 64: iFAST Fintech Solutions
iFAST Fintech Solutions • The iFAST Fintech Solutions business division was set up in 2017, with the objectives to empower our business partners in advancing their wealth management business by delivering innovative fintech solutions that can better suit their clients’ needs, while combining busines
Slide 65: Net revenue and operating expenses as a ratio of average AUA (excluding China)
Net revenue and operating expenses as a ratio of average AUA for Group (excluding China operation) 0.800% 0.738% 0.729% 0.736% 0.733% 0.711% 0.700% 0.615% 0.607% 0.606% 0.599% 0.596% 0.600% 0.582% 0.572% 0.556% 0.551% 0.534% 0.500% 0.400% 0.300% 0.200% 0.100% 0.000% 2015 2016 2017 2018 2019 Net reve
Slide 66: Net revenue and operating expenses as a ratio of average AUA (including China)
Net revenue and operating expenses as a ratio of average AUA for Group (including China operation) 0.800% 0.738% 0.732% 0.735% 0.731% 0.714% 0.700% 0.652% 0.615% 0.609% 0.625% 0.614% 0.629% 0.606% 0.596% 0.594% 0.600% 0.552% 0.500% 0.400% 0.300% 0.200% 0.100% 0.000% 2015 2016 2017 2018 2019 Net reve
Slide 67: Fees Illustration
Fees Illustration FUND HOUSES TRAILER FEE PLATFORM FEE PLATFORM FEE B2B CUSTOMERS UPFRONT FEE B2C CUSTOMERS UPFRONT FEE WRAP FEE FX CONVERSION FEES B2B FINANCIAL ADVISORY COMPANIES FINTECH SOLUTIONS OTHER SERVICE FEES FACILITIES iFAST Corporation Ltd. 67
Slide 68: FY2019: Activities & Achievements
FY2019: Activities & Achievements From left to right: A press conference was held in Hong Kong to announce the joint venture between iFAST China and Raffles Family Office in October; iFAST Corp showcased its Fintech capabilities at the Singapore Fintech Festival 2019 in November. From left to right:
Slide 69: Thank You.
TO HELP INVESTORS AROUND THE WORLD INVEST GLOBALLY AND PROFITABLY Thank You. FOR MORE INFORMATION, PLEASE VISIT www.ifastcorp.com iFAST Corporation Ltd.