Annual Report FY2024

CHAIRMAN'S MESSAGE

DEAR SHAREHOLDERS,

On behalf of the Directors and Management of HC Surgical Specialists Limited ("HCSS" or "Company", and together with its subsidiaries, collectively, the "Group"), I am pleased to present the Annual Report for HCSS for the financial year ended 31 May "FY") 2024.

In FY2024, the Group expanded into a new segment under its associated company - orthopaedics, with a total of 3 orthopaedic surgeons and 3 orthopaedic centres, to provide a holistic care for our patients. We are very optimistic of the growth potential of the orthopaedic arm. Together with our core endoscopy and surgery business, we aim to provide stable long-term returns for our shareholders.

We are also delighted to share that 15 of the Group's entities have been awarded the Data Protection Trustmark Certification, valid for 3 years. This certification reinforces our commitment to assure patients that their personal data is well protected with our sound data protection policies and practices.

MOVING FORWARD

Moving forward, we will be building up our cash reserves as we pay down our last year of the Temporary Bridging Loan drawn down in FY2020, the balance deferred consideration for the acquisition of the remaining 49% stake in Jason Lim Endoscopy and Surgery Pte. Ltd. ("JLES") and for the acquisition of a 35% stake in Total Orthopaedics Pte. Ltd. ("TOPL").

APPRECIATION

Last but not least, I would like to take this opportunity to thank our Shareholders, patients and business partners for their unwavering support to HCSS, my fellow Directors for their valuable insights throughout the past years, and the staff and Management for their dedication and commitment.

Sincerely,

Mr. Chong Weng Hoe

Non-Executive Chairman and

Independent Director

HC Surgical Specialists Limited

Addition of two Orthopaedic Surgeons

On 2 April 2024, we proudly welcomed two orthopaedic surgeons, Dr. Huang Yilun and Dr. Hamid Razak to our associate's orthopaedic team.

Dr. Huang is an orthopaedic surgeon who specializes in the "spine", and performs endoscopic spinal surgery. Dr. Hamid Razak is an orthopaedic surgeon who specializes in the "lower limb" and knee preservation. Apart from orthopaedic surgery, Dr. Hamid Razak is also passionate about community service and public health administration, having completed a Master of Public Health at the Saw Swee Hock School of Public Health in 2023 under the auspices of the Lee Kuan Yew postgraduate scholarship.

Together with Dr. Benjamin Seah who specializes in "upper limb", their respective specialized areas of upper limb, lower limb and spine enables our associate to provide a holistic orthopaedic service to our patients.

The orthopaedic surgeons currently have their clinics in the following locations:

1. Total Orthopaedic Care & Surgery Novena Medical Centre (Above Square 2) 10 Sinaran Drive, #09-24
   Singapore 307506 Tel: 6371 0640
2. Total Orthopaedic Care & Surgery (Orchard) Shaw House
   350 Orchard Road, #10-01 Singapore 238868
   Tel: 6654 9800
3. HC Orthopaedics & Surgical Centre (Tampines) Block 801 Tampines Avenue 4, #01-273, Singapore 520801
   Tel: 6374 1040

By expanding our scope of specialties, we strengthen our capability to deliver personalized treatment plans and superior outcomes for our patients.

INCISION

The act of making an incision lies at the core of our practice. It signifes not only the physical procedure but also our unwavering commitment to excellence and precision in surgery. Our highly skilled surgeons utilize technologies and techniques, ensuring every incision is executed with meticulous care. We aim to enhance patient comfort by expediting recovery, enabling swift return to normal activities.

We continue to be "incisive" and focused when expanding into new frontiers both locally and regionally when opportunity arises.

PRECISION

Precision serves as the cornerstone of our practice. From initial diagnosis through treatment and recovery, we uphold exactitude and meticulous attention to detail. Our facilities and surgical techniques empower us to perform intricate procedures with accuracy. Continued investment in technology and ongoing staff training ensures we maintain the highest standards of surgical care, achieving optimal outcomes and solidifying our reputation in the feld.

Attainment of Data Protection Trustmark Certification

We are delighted to announce that HC Surgical Specialists Limited has achieved the prestigious Data Protection Trustmark (DPTM) certification. This certification reflects our steadfast commitment to safeguarding patient information and upholding the highest standards of data protection and privacy. It underscores our dedication to compliance with stringent data protection regulations, ensuring the confidentiality and integrity of patient data at every stage of their healthcare journey.

Looking forward, HC Surgical Specialists Limited remains dedicated to advancing surgical care through continuous innovation and unwavering commitment to our patients. We will persist in making strategic decisions, executing with surgical precision, and delivering outstanding care with utmost professionalism.

Thank you for your enduring trust and support. Together, we will continue to establish new benchmarks in surgical excellence.

Sincerely,

Dr. Heah Sieu Min

CEO, HC Surgical Specialists Limited