Annual Report by Mhimol

Singapore Management University

School of Law Annual Report 2019

OUR PEOPLE

Singapore Management University

School of Law Annual Report 2019

OUR PEOPLE

ADVISORY BOARD 1

MR V K RAJAH SC

JUSTICE AEDIT ABDULLAH

MR ANTONY COOK

DR CHENG TAI-HENG

MR DARYL CHEW

Chairman Member, Essex Court Chambers Duxton (Singapore Group Practice) 1

Judge Supreme Court of Singapore 3

MR LAM CHEE KIN

MR THAM LIJING

Managing Director and Head Group Legal, Compliance & Secretariat DBS Bank Member Essex Court Chambers Duxton (Singapore Group Practice)

Partner and Global Co-Head, International Arbitration Sidley Austin LLP

MS JUTHIKA RAMANATHAN Chief Executive Office of the Chief Justice Supreme Court of Singapore

Associate General Counsel and Regional Director for Corporate, External and Legal Affairs for Asia Pacific Microsoft

MS SOPHIE MATHUR

MR WONG TAUR JIUN

BY DESIGNATION

Partner Global Co-Head of Innovation Linklaters Singapore Pte Ltd

Managing Partner Shearman & Sterling LLP Singapore Office

13 18 9 1 3

Head of Legal Rabobank Singapore

DISTINGUISHED FELLOWS 1

Member, Essex Court Chambers Duxton (Singapore Group Practice) Former Attorney-General of Singapore Former Judge of Appeal of the Supreme Court of Singapore

MR V K RAJAH SC

FACULTY MEMBERS*

JUSTICE CHAO HICK TIN Senior Judge of the Supreme Court Former Attorney-General of Singapore Former Judge of Appeal of the Supreme Court of Singapore

BY TRACK

Professors Associate Professors Assistant Professors Senior Lecturer

30 2 8 4

GOH YIHAN

DAVID LLEWELYN

LEE PEY WOAN

MAARTJE DE VISSER

Dean Professor of Law

Deputy Dean Professor of Law (Practice)

LLM (Harvard); LLB (NUS)

BCL (Oxford); LLB (Southampton)

Associate Dean (Undergraduate Teaching & Curriculum)

Associate Dean (Postgraduate Teaching & Curriculum)

Professor of Law BCL (Oxford); LLB (King’s College London)

Associate Professor of Law

ALVIN SEE WEI LIANG

NADJA ALEXANDER

Associate Dean (Student, Staff & Alumni Affairs) (July 2019 till present)

D.jur. (University of Tubingen)

Tenure

Practice Lecturers

Lecturers

GARY CHAN KOK YEW

TAN SEOW HON

Associate Dean (Faculty Matters & Research)

Associate Dean (Student, Staff & Alumni Affairs) (July 2017 to June 2019)

Professor of Law

Associate Professor of Law

LLM (University of London); LLB (NUS)

ADVISORY COUNCIL FOR LAW AND TECHNOLOGY 1

ASSOCIATE PROFESSOR WARREN CHIK

MR JOEY PANG

School of Law Singapore Management University 2

Senior Vice President Legal & Compliance DBS Bank 3

Associate General Counsel and Regional Director for Corporate, External and Legal Affairs for Asia Pacific Microsoft

PROFESSOR ANDREW MURRAY

MR RAJESH SREENIVASAN Partner & Head, Technology Media & Telecommunications Rajah & Tann Singapore

MS DEBORAH IM 9

MS SOPHIE MATHUR

MR BRIAN YEOH Deputy Director Monetary Authority of Singapore

Partner, Global Co-Head of Innovation Linklaters Singapore Pte Ltd

14 30

LLD PhD/SJD

School of Law Annual Report 2019

RESEARCH CLUSTERS

Male

LLM/JSM/MA/BCL

STEPHEN BULL LLM (Harvard); BA, LLB (Victoria University of Wellington)

Associate Professor of Law (Practice)

CHAN WING CHEONG

DARIUS CHAN

Professor of Law

Associate Professor of Law (Practice)

LLM (Cornell); BA in Jurisprudence (Oxford)

Singapore Management University

School of Law Annual Report 2019

BOOK PUBLICATIONS

0VER

150

BOOK PUBLICATIONS BY SOL FACULTY IN 2019 INCLUDE: 1.

3. Laurence Boulle and Nadja Alexander, Mediation: Skills and Techniques (LexisNexis, 3rd ed, 2019)

5. Aurelio Gurrea Martínez and Nydia Remolina León (eds), Fintech, Regtech y Legaltech: Fundamentos y Desafíos Regulatorios (Fintech, Regtech and Legaltech: Foundations and Regulatory Challenges) (Tirant lo Blanch, 2019)

Legal Theory Ethics & Social Responsibility Law & Economics Law & Regulation Legal Education

DISPUTE RESOLUTION

RESEARCH FOCUS AREAS

School of Law Annual Report 2019

EXTERNAL RELATIONS

TRANSNATIONAL COMMERCIAL LAW IN ASIA

BOOKS

JOURNAL ARTICLES

CASE NOTES

BOOK CHAPTERS

School of Law Annual Report 2019

EXTERNAL RELATIONS

Other Visitors

On 24 September 2019, Associate Professor Eugene Tan and Assistant Professor Kenny Chng hosted a delegation from Korea’s Central Administrative Appeals Commission (CAAC) consisting of Mr Kim Sang Bae (Standing Commissioner), Mr You Sang Cheul (Deputy Director) and Mr Kim Hyo-gon (Action Officer). The meeting involved presentations and comparative discussion of administrative law in South Korea and in Singapore.

On 10 January 2019, we had the privilege of receiving Justice Dominique Hascher for a sharing session. Justice Hascher is an International Judge of the Singapore International Commercial Court, a Judge at the Supreme Judicial Court of France, and the Secretary General of the Network of the Presidents of the Supreme Judicial Courts of the European Union.

Professor Benjamin Geva (York University) 3

On 21 February 2019, CEBCLA welcomed a delegation from Chuo University Faculty of Law (Japan) led by Professor Hisaei Chuck Ito. In a sharing session, Assistant Professor Lau Kwan Ho gave a lecture on Singapore business law and commercial dispute resolution, while the Japanese students presented on recent Japanese Supreme Court decisions on review of statutory protection for a minority shareholder.

Professor Birke Häcker (University of Oxford) Professor John Murphy (Lancaster University) Professor Su Yeong-Chin (National Chengchi University) Professor Graham Virgo QC (Hon) (University of Cambridge) 4

Professor Lutz-Christian Wolff (Chinese University of Hong Kong) On 11 September 2019, the SMU School of Law received a delegation from the National Chiao Tung University School of Law (Taiwan) consisting of Professor Wen-Chen Chang (Dean), Professor Min-Chiuan Wang and Associate Professor Wan-Tsui Chiang. The meeting, hosted by Associate Professor Pasha Hsieh and Associate Professor Alvin See, saw fruitful discussion on existing and future collaborations on research, teaching, and student exchange.

Associate Professor Andrea Stazi (European University of Rome)

Dr Ardavan Arzandeh (Bristol University)

On 12 September 2019, the SMU School of Law, in collaboration with the Singapore Academy of Law and The Honourable Society of the Inner Temple, organised a lecture by The Right Honourable Lord Hughes of Ombersley on “Making the Rule of Law a Daily Reality”. Lord Hughes, a retired Justice of the UK Supreme Court, was the Treasurer of the Inner Temple.

Associate Professor Orkun Akseli

Professor Lutz-Christian Wolff

Assistant Professor Carol Liao

Professor David B Wilkins

Professor John Murphy

Professor Birke Häcker

Aside from the more formal arrangements, the SMU School of Law also hosted a number of ad hoc visits.

Associate Professor Orkun Akseli (Durham University)

16. Tham Chee Ho, Understanding the Law of Assignment (Cambridge University Press, 2019) 17. Zhang Wei, 资本的规则II (zi ben de gui ze / Law of Capital II) (China Legal Publishing House, 2019)

Singapore Management University

13. Loo Wee Ling (ed), Principles of Singapore Business Law (Cengage Learning Asia, 3rd ed, 2019) 14. Tang Hang Wu, Principles of the Law of Restitution in Singapore (Academy Publishing, 2019) 15. Tang Hang Wu and Kelvin Low, Tan Sook Yee's Principles of Singapore Land Law (LexisNexis, 4th ed, 2019)

Visiting Academics

Professor David B Wilkins (Harvard University)

DISPUTE RESOLUTION

The SMU School of Law has standing agreements on faculty exchange and research with leading universities. In addition to these formal arrangements, each year we host a number of scholars from other institutions, who deliver seminars and contribute to research collections. In 2019, we had the privilege of hosting the following scholars:

Professor Dov Greenbaum (IDC Herzliya, Israel)

10. Liu Kung-Chung and Reto M Hilty (eds), SEPs, SSOs and FRAND: Asian and Global Perspectives on Fostering Innovation in Interconnectivity (Routledge, 2019) 11. Liu Kung-Chung and Uday S Racherla (eds), Innovation, Economic Development, and Intellectual Property in India and China (Springer, 2019)

To know more about research at the SMU School of Law, see our Research Report 2019.

EXTERNAL RELATIONS

PUBLICATIONS IN 2019 INCLUDE:

Liu Kung-Chung (ed), Annotated Leading Copyright Cases in Major Asian Jurisdictions (City University of Hong Kong Press, 2019)

12. William Cornish, David Llewelyn and Tanya Aplin, Intellectual Property: Patents, Copyright, Trade Marks and Allied Rights (Sweet and Maxwell, 9th ed, 2019)

Law of Intellectual Property Information Technology Law Data Protection & Privacy Law Internet Law E-Commerce Law

Contract Law Equity & Trusts Unjust Enrichment & Restitution Tort Law Property Law

LAW AND TECHNOLOGY

INNOVATION, TECHNOLOGY AND THE LAW

PRIVATE LAW

8. Liu Kung-Chung (ed), Annotated Leading Trademark Cases in Major Asian Jurisdictions (Routledge, 2019) 9. Liu Kung-Chung and Julien Chaisse (eds), The Future of Asian Trade Deals and IP (Hart Publishing, 2019)

OUR RESEARCH FOCUS AREAS ARE:

Law of Evidence Civil & Criminal Procedure Alternative Dispute Resolution & Conflict Management Arbitration Private International Law

Company Law Securities Regulation Insolvency Law of Credit & Security Banking, Finance and the Law

RESEARCH CENTRES

CORPORATE, FINANCE AND SECURITIES LAW

4. Chan Wing Cheong et al, Criminal Law in Sri Lanka (LexisNexis, 2019)

6. Pasha L Hsieh and Bryan Mercurio (eds), ASEAN Law in the New Regional Economic Order: Global Trends and Shifting Paradigms (Cambridge University Press, 2019)

LEGAL THEORY, ETHICS AND LEGAL EDUCATION

Public International Law Transborder Trade & Investment Law EU Law ASEAN Law Asian Intellectual Property Law

Nadja Alexander and Chong Shouyu, The Singapore Convention on Mediation – A Commentary (Wolters Kluwer, 2019)

2. Nadja Alexander, Joel Lee and Lum Kit-Wye, Singapore Mediation Handbook (LexisNexis, 2019)

RESEARCH CLUSTERS

FACULTY PUBLICATIONS IN 2019

Constitutional Law Administrative Law

Assistant Professor Carol Liao (University of British Columbia)

Associate Professor of Law LLM (Harvard); LLB (NUS)

PUBLIC LAW

PUBLIC INTERNATIONAL LAW, REGIONAL AND TRADE LAW

Singapore Management University

CHEN SIYUAN

*The figures on this page are accurate as of 31 December 2019.

OVERVIEW

Family Law Criminal Law & Justice Animal Law

Comparative Law Singapore Legal System Chinese Commercial Law Law and Society Asian Legal Systems

ANNUAL REPORT 2019

LLM (NYU); LLB (NUS)

PUBLIC INTEREST LAW, COMMUNITY AND SOCIAL JUSTICE

ASIAN AND COMPARATIVE LEGAL SYSTEMS

EMBRACING CHANGE IN AN EVOLVING WORLD

BCL (Oxford); LLB (Leeds)

Female

JD LLB/BA

Professor of Law (Practice)

Associate Professor of Law (Education)

Singapore Management University

1 13 25 3 2

Professor of Law London School of Economics

Deputy Head of Legal APAC Facebook

MR CHANG ZI QIAN Co Founder INTELLLEX

MR ANTONY COOK

SJD, LLM (Harvard); LLB (NUS)

BY GENDER

BY HIGHEST DEGREE

PhD (Tilburg); MJur (Oxford); LLM (Maastricht)

Education

On 25 October 2019, CEBCLA hosted a contingent of LLM students from the University of Liechtenstein led by Professor Dr Francesco Schurr. Professor Tang Hang Wu (Director, CEBCLA) and Mr Mark Jacobsen (Partner, TSMP Law Corporation) delivered their presentations, which was followed by a discussion on the current issues in wealth management.

On 25 November 2019, SMU School of Law hosted a forum on “Legal Research, Analysis & Writing”. Instructors from the three local law schools—SMU, NUS and SUSS—shared their respective experiences on pedagogy and designing activities to help students hone fundamental legal skills. The participants were Associate Professor Lim Lei Theng (NUS), Senior Lecturer Sonita Jeyapathy (NUS), Senior Lecturer Ranald Or (SUSS), Lecturer Melvin Loh (SUSS), Lecturer Tris Xavier (SUSS), Assistant Professor Dorcas Quek Anderson and Senior Lecturer Ong Ee Ing.

Notes of Appreciation

Message from Our Medical Director Dear Friends,

Hear from those who have contributed to NNI

I support NNI in their quest to discover a cure for Parkinson’s disease. Each gift gives patients like me hope for the future, to keep fighting and to stay strong. - David Tan

Parkinson’s Disease Patient

I am glad to be able to do my part to help other patients under NNI’s care by raising funds and increasing the awareness of motor neuron disease.

Dementia can strike anyone unexpectedly – rich or poor, strong or weak. If we are able to, we should do our part to help as many as possible to live with dignity.

- Lily Koh

Motor Neuron Disease Patient

- L.C.

Dementia Patient

unutenetre,erS,erSveerve , V,olVol GivGeive

Thaonuk! y

At the National Neuroscience Institute (NNI), our vision is to be able to shape neuroscience care for a better tomorrow for patients and their families. We are committed to improving lives through integrated clinical service, research and education. We are grateful for the tremendous support from donors like you who journey with us to make an impact. Two years ago, we partnered the Echo of Love Society, a volunteer-run group of singing enthusiasts, who organised a fundraising concert in support of NNI patients. The funds raised then helped us obtain a minimally invasive surgical system for patients with stroke and brain tumour. This neurotechnology has greatly improved surgical outcomes with the length of stay in the Intensive Care Unit (ICU) shortened by almost half. Mr Anindya Mitra is one of the many patients who experienced the life-changing effect of this new technology. Last July, he suffered a haemorrhagic stroke - the deadliest form of stroke with bleeding in the brain. Mr Mitra was unable to speak a single word of the five languages he was fluent in; he could not walk or move the right side of his body. Today, Mr Mitra has regained the ability to speak in all the five languages, and has even picked up a new hobby making ice cream and frozen yogurt.

In his daughter’s words, his recovery was “amazing”. This would not have been possible without the support and generosity of donors like you. All of us at the National Neuroscience Institute (NNI) would like to extend our heartfelt gratitude once more to all of you who have supported us. Associate Professor Ng Wai Hoe Medical Director, NNI

Impact of Philanthropy

Highlights of FY2018

NNI is committed to transforming care and improving the lives of our patients. Philanthropy enables us to continuously enhance the key thrusts of NNI – patient care, education and research.

Enhance Patient Care

Transform Education

Advance Research

Your gift brings hope and financial relief to needy patients. Every dollar makes a difference to our patients on their road to recovery, helping them with medication, assistive devices and other healthcare needs. Mr Asher Seenee, an NNI patient who was diagnosed with myotonic dystrophy, has difficulty walking and writing. Read his story on page 7 to see how his life has changed.

The future lies in the hands of the next generation. Your gift helps to nurture future educators, transforming tomorrow’s medicine. With support from Lee Foundation, the Interprofessional Education and Collaborative Practice (IPECP) was initiated in 2019 to improve the quality of team-based healthcare through collaborative training and care delivery among healthcare professionals.

At NNI, research is driven by a passion to improve patients’ lives. Your gift helps NNI push the frontiers of research to develop innovative treatment options for patients. Initial findings from a recent research study conducted on the relationship between vitamin deficiency and dementia are promising. Read more on page 9.

In his daughter’s words, his recovery was “amazing”. This would not have been possible without the support and generosity of donors like you. All of us at NNI would like to extend our heartfelt gratitude once more to all of you who have supported us.

Winning the Nation’s Highest Award for Scientific Achievement A team led by Professor Tan Eng King, Deputy Medical Director (Academic Affairs) and Director, Research, NNI received the 2018 President’s Science Award for their outstanding breakthrough research in Parkinson’s Disease. The team cultivated the world’s first live mini human midbrain in the laboratory. This significant development opens doors to countless new possibilities for better drug interventions, which could potentially culminate in the cure of Parkinson’s Disease.

A New Hope for Stroke Patients In the past, patients brought to the hospital more than six hours after the onset of a stroke had little chance of reversing their condition. Today, thanks to the results of two concluded international trials and advancements in neuroimaging, doctors at NNI may now treat patients outside the optimum treatment window. Previously, the outcome of treatment beyond six hours was relatively unknown as more brain tissues continue to die over time. The publication of these trials has shown that with more advanced imaging, there is still a small group of patients with salvageable brain cells that doctors can help with the existing clot removal techniques.

Turning the Tide of Dementia Dementia affects close to 82,000 people in Singapore today and this number is expected to increase to 100,000 by 2030 as the population ages. Associate Professor Nagaendran Kandiah, Senior Consultant of NNI’s Department of Neurology and Director of the NNI Dementia Programme, said that the key marker of dementia is the presence of abnormal proteins in the brain called amyloid. This results in the loss of brain cells that regulate memory, calculation and other thinking processes. Up until recently, amyloid levels could only be measured after death during a post-mortem examination.

Together, we can continue making amazing leaps in neuroscience care, transforming the lives of our patients today and for generations to come.

Breakthrough procedures such as the Amyloid Positron-Emission Tomography (PET) scan can now detect the presence of amyloid in patients suspected of pre-dementia by simply injecting a radiopharmaceutical tracer into the patient’s brain. Another breakthrough diagnostic technique is the cerebrospinal fluid testing where a small needle is inserted into the patient’s spine to extract spinal fluid for testing. These two techniques that are now available at NNI have placed NNI on the world map for improved treatment of Alzheimer’s disease. Source: The Straits Times (c) Singapore Press Holdings Limited. Permission required for reproduction.

The Transformative Power of Hope

Giving Report FY2018

The Transformative Power of Hope

NNI Fund (Patients) FY 2018

The

Patients benefited

The Transformative Power of Hope

NNI Fund (Patients)

80%

16%

61,900 177 145 Total gifts received in FY 2018

Donors

Giving Report FY2018

Staff donors

Giving Report FY2018

Medical Bills

Assistive Devices

Medication, diagnostic scans, procedures, consultation, laboratory tests and vaccinations

Communication devices, wheelchairs and ramps

Miscellaneous

Therapy

Consumables such as syringes and wipes

Physiotherapy and occupational therapy

Clinical Effects and Pathophysiology of Vitamin Deficiency in Neurocognitive Disorders: The Vitamins, Brain Imaging, and Cognition Singapore Study (VICSS)

Hope

NNI Fund (Patients) supports patients who are facing financial challenges beyond government funding or assistance schemes, and projects of a charitable nature. This supplementary assistance goes a long way in ensuring that patients have a buffer for loss of income with the onset of a neurological illness.

As a young boy, Asher’s dream was to become a policeman – to fight crime and uphold justice. This dream was crushed when he was diagnosed with myotonic dystrophy at 15. Myotonic dystrophy is a genetic disorder that results in deteriorating muscle function over time.

The NNI Fund is a part of SingHealth Fund (SHF) – which was incorporated on 2 September 2016 as a Company Limited by Guarantee to manage charity funds for the SingHealth cluster. All donations to the NNI Fund are ring-fenced under the SHF for NNI Fund purposes and will be used in accordance with the donors’ intent for neuroscience causes. As an Institution of a Public Character (IPC), SHF is committed to maintaining the highest standards of governance and abiding by the Code of Governance for Charities and IPCs.

Due to muscle weakness, Asher cannot hold a pen to write and he is prone to falls. Yet, he persevered and finally made it to University. With assistance from the NNI Fund, Asher can now move around with a motorised wheelchair and has a device with eye tracking technology to communicate. Now at 26, he is working towards his dream of becoming a prison psychologist in the hope of helping inmates rejoin society. Asher’s journey may be fraught with challenges, but the generosity of our donors has propelled him towards achieving his new dream.

Eligibility: Outpatients of NNI will be assessed on their eligibility for funding by our medical social workers for bills incurred at NNI. Only Singapore Citizens and Permanent Residents will be considered. Patients who have exhausted all other funding schemes will then be supported by the NNI Fund.

The Transformative Power of Hope

Giving Report FY2018

The Transformative Power of Hope

Giving Report FY2018

Event Highlights One Heart One Mind NeuroAwareness Roadshow at Changi Airport Terminal 3

2019

2018

12 January

1 – 9 September

BrainPath Donor Visit at Operating Theatre (Singapore General Hospital)

Festive Carolling at Neuro Wards (Tan Tock Seng Hospital)

2018

30 July

The Transformative Power of Hope

Giving Report FY2018

21 November

The Transformative Power of Hope

Giving Report FY2018

Dementia refers to symptoms such as memory loss, impaired judgement, confusion and behavioural changes. It is not part of normal ageing, though the elderly are more likely to suffer from dementia. The rising rate of dementia in Asia makes it crucial to identify ways to prevent it. Supported by the NNI HREF, the VICSS aims to prevent dementia by finding links between vitamin deficiency, cognition and vascular disease in the brain for Asians. Images of brain activity and levels of vitamins B1, B12 and D in the blood are collected and analysed from 300 patients to determine the impact on brain function and behavior.

Eligibility: A grant-making committee will evaluate the research projects for the eligibility of this funding.

Preliminary findings suggest that there is a large number of participants with low vitamin levels in the sample. 52.6% of participants had low levels of vitamin D, 7.8% had low vitamin B1 and 5.2% had low vitamin B12.

FY 2018

399,800 191 52

Donors

Staff donors

Total gifts received in FY 2018

The Transformative Power of Hope

Event Highlights

NNI Care-toServe Day at Willing Hearts Soup Kitchen

Research led by Associate Professor Nagaendran Kandiah Senior Consultant, Neurology, National Neuroscience Institute

As an Institution of Public Character (IPC), NNI HREF is committed to maintaining the highest standards of governance and abiding by the Code of Governance for Charities and IPCs.

You Gave

The Transformative Power of Hope

Giving Report FY2018

NNI Health Research Endowment Fund (HREF)

The NNI Health Research Endowment Fund (HREF) supports neuroscience research to transform patient care. NNI scientists pursue neurological disease research, changing how we understand, prevent, diagnose and ultimately treat these diseases to advance medicine.

Assistive devices supported

How the NNI Fund (Patients) Helps

Transformative Power of

Giving Report FY2018

>200 Ongoing research projects

Giving Report FY2018

Low levels of vitamins were linked to poor brain function. Findings from this study indicated that vitamin deficiency could be a contributing cause of dementia. Therefore, adequate intake of vitamins may reduce the risk of dementia.

VICSS Study - Effects of Deficiency in Vitamins B1, B12 and D B1 and B12 Visuospatial

Attention Executive functions

D Global cognition, episodic memory

Cognitive functions Dementia

Food tips! Consider including these foods in your diet to improve memory and brain functions. Vitamin D

Salmon Herring & sardines Cod liver oil Canned tuna

Oysters Shrimp Egg yolks Mushrooms Cow’s milk

Pistachios, pecans, cashews, macadamia nuts, sunflower seeds

Salmon, tuna, trout Lean pork Green peas

Soy milk Orange juice Oatmeal

Vitamin B1

Asparagus Brown rice Tofu

Vitamin B12

Clams Liver Mackerel, tuna, salmon, trout

The Transformative Power of Hope

Beef – skirt steak Tofu Low-fat milk/ yoghurt

Giving Report FY2018

Swiss cheese, mozzarella, feta, cottage cheese Eggs

Contents

About Us 06

Chairman’s Message

Executive Director’s Message We Serve With Compassion

ABOUT US At Lakeside Family Services, we seek to change lives and transform individuals, families and communities, through a wide range of holistic services, so that people will find hope, healing and new ways of overcoming challenges in life.

018 marks Lakeside Family Services’ 25 years of serving the community in Jurong.

As we celebrate our Silver Jubilee, we are grateful for the opportunity to have walked alongside over 7,000 beneficiaries annually, helping them surmount financial, social and personal life challenges. Lakeside continues to assist distressed families, troubled youths, disadvantaged children, and the incarcerated. In addition, through Safe Place which was started this year, we also help women with unsupported pregnancies make life-giving choices.

About Us

Restoring & Empowering the Next Generation

Chairman’s Message

Executive Director’s Message

Strengthening the Foundations of Society

Casework and Counselling Statistics

Honouring & Enriching the Seniors

Nurturing the Future

Volunteering & Fundraising

Equipping the Next Generation

Management Committee & Directors

Healing the Brokenhearted, Reconciling Families

Protecting & Empowering Vulnerable Women & Children

MISSION & VISION

Come 2019, we will have two new centres – one for children and youths and the other for seniors. Children and youths-at-risk will develop social skills and be meaningfully engaged in mentoring programmes. Seniors in the community will have a place where they can interact with other seniors to stay physically active and gain knowledge.

We at Lakeside fulfill our Christian responsibility to society by caring for the community.

I would like to thank all Lakeside staff for their steadfast dedication, and all donors, volunteers and community partners for their unwavering support. May we continue to serve the needy and see lives transformed for many more years to come.

We provide quality services, focusing on the needs of individuals and families in the community at Jurong, regardless of race, language or religion.

Andrew Tay Chairman

We are grateful for the opportunity to have walked alongside over

beneficiaries annually

Support Lakeside Family Services

02_LAKESIDE FAMILY SERVICES ANNUAL REPORT 2017/2018

Honouring & Enriching the Seniors Give & Be Filled Give & Be Filled encourages able-bodied seniors to volunteer and empowers them to be engaged in the community. Our third seniors group volunteering day was organised in April 2018 at All Saints Home where 16 of our seniors participated in the Open House, preparing food and interacting with the residents of the Home.

352

Lakeside collaborated with Montfort Care on their Good Death project, and at the end of it, 28 seniors completed the Advance Care Plans with their EOL wishes made known to their loved ones.

1. Group photo of seniors volunteering at All Saints Home (Jurong) 2. Seniors at the photobooth

The ACP session is very helpful. It has gotten me thinking about planning well (for my death) so that my children do not need to worry about me. I have also found comfort while going through the ACP process. - Annie Lio, 67

A total of

130

seniors have since benefitted from the different interest groups

Restoring & Empowering the Next Generation

Forming a New Social Network 68-year-old Mdm Yee, a Malaysian, came to Singapore to live with her only daughter after her husband passed away. She was a foreigner in a strange land. With no friends or relatives, she would only go out when accompanied by her daughter as she feared losing her way. While passing by one of our offices, she chanced upon a registration sheet for a Sudoku class conducted by Lakeside’s Kaki Kampong Seniors Wellness. With her daughter’s encouragement, she signed up, embarking on a journey that would change her life.

SESSIONS

Talks (e.g., health and wellness)

Celebrations

(e.g., festive days and birthdays)

SESSIONS

Big group activities

SESSIONS

Sharing sessions on news and social issues 06_LAKESIDE FAMILY SERVICES ANNUAL REPORT 2017/2018

6-Arts Interest Groups A range of interest groups such as Chinese Painting, Tai Chi, and Sudoku are offered to seniors at Kaki Kampong Seniors Wellness to promote stimulation cognitively, physically and socially. A total of 130 seniors have since benefitted from the different interest groups.

SESSIONS

Outings

TOTAL

SESSIONS

Group work

(e.g., reminiscence & life stories)

More Blessed to Give than to Receive Mdm Lee, a 66-year-old, once described herself as timid and afraid to try new things. Her life has always revolved around her family, to the extent that she did not go anywhere other than the market. She is a faithful caregiver to her husband, who was diagnosed with Parkinson’s Disease a decade ago. She also cares for her two school-going grandchildren. Things began to change when Mdm Lee’s neighbour invited her to Lakeside’s seniors wellness programmes. Eventually, she took on active roles at Kaki Kampong, volunteering to chaperone a senior with dementia to programmes, hold cooking demonstrations, and help in fundraising. Even though Mdm Lee plays a vital and physically draining role in caregiving at home, she is thankful for opportunities to help out at Lakeside. Not only has the learning process been positive and empowering, it has helped her to break out of an otherwise routine life. Looking back, she is glad she decided to step out of her comfort zone because her life has become more vibrant and colourful. In Mdm Lee’s own words, “The more I give, the more joy I get.”

SESSIONS

08_LAKESIDE FAMILY SERVICES ANNUAL REPORT 2017/2018

LAKESIDE FAMILY SERVICES ANNUAL REPORT 2017/2018_07

Restoring & Empowering the Next Generation

Youth-at-Risk Engagement Youth Venture is a 6-month outdoor adventure programme for 13- to 17-year-old students, supported by the Ministry of Social and Family Development (MSF). The programme also has casework and counselling to help them develop character and resilience. Lakeside engaged 34 students from 4 secondary schools, who had shown at-risk behaviour.

Youths of Shell Aspire and their families

youths aged 12 to 17

Youth COP focuses on early prevention of youth offences by empowering youths-at-risk to become junior law enforcers. In collaboration with Fairfield Methodist Secondary School and the Singapore Police Force, 24 youths completed the programme, learning to manage their emotions and support law enforcement. 16 of them also completed a rigorous training curriculum to develop a positive image as Youth COP trainees.

Youths at play, Sports@Lakeside

Sports@Lakeside

Affirmation with Shell Aspire youths

Youth COP

ENHANCED STEP-UP

the programme served

Sports@Lakeside builds character and resilience in youths-at-risk through weekly sports training, bi-annual competitions, and mentoring with positive adult role models. The programme served 18 youths, aged 12 to 17. Lakeside staff use intentional discussions to instil positive values in the youths, and help them apply lessons learned during training to their lives.

from disadvantaged families were given tuition in their subject youths of choice

SCHOOL SOCIAL WORK IN SECONDARY SCHOOLS

Shell Aspire Shell Aspire provides youths who are struggling academically with an experience of success. Youths who are struggling in school are given one-to-one subject coaching by an experienced tutor. In its pilot run, fully sponsored by Shell, 4 youths from disadvantaged families were given tuition in their subject of choice.

One of these youths is Mohammad Aqil. His mother was happy with his improvement upon joining Shell Aspire. She said to him, “Your efforts made me feel so proud of you. It makes me happy knowing that your hard work all this while has been fruitful.”

10_LAKESIDE FAMILY SERVICES ANNUAL REPORT 2017/2018

19 10

reached out to

students and

parents from 3 secondary schools

This year, Lakeside reached out to 19 students and 10 parents from 3 secondary schools with School Social Work. We ran group work programmes for students who have difficulties in school, family, and personal relationships. For example, students are steered towards positive character development through learning outdoor skills like navigation. We also ran parenting workshops to equip parents with the skills to engage their teens and help them understand teen development.

LAKESIDE FAMILY SERVICES ANNUAL REPORT 2017/2018_11

Enhanced STEP-UP is a 12-month programme for students at risk of dropping out of school, as well as youths who are already out of school. 24 children and youths benefitted from this programme, which aims to help them return to school or find employment. Lakeside has been offering family intervention, career guidance, life skills training, referrals for financial assistance, and more.

Helping Ahmad Go Back to School Ahmad (not his real name), 15, was expelled from school. Under the Enhanced STEPUP programme, he was given a chance to return to school under conditional re-admission. Lakeside’s caseworker also collaborated with the school to link him up with a running coach to help him participate in national competitions. The caseworker continued to counsel him and work with his parents to improve their parenting. In July 2018, Ahmad won second place for a running competition and will be returning to school soon.

Guidance Programme

Streetwise Programme

Guidance Programme is a 6-month rehabilitative programme for youths who have committed petty offences. It is a platform for youths to resolve issues which might otherwise cause them to re-offend. Lakeside has helped 69 youths and their families through group work as well as individual and family counselling. Lakeside also works with schools, employment agencies, the police, and government ministries as part of holistic intervention.

Streetwise Programme is a 6-month programme for youths who associate with gangs. It equips youths with life skills and steers them away from gang influence with group activities, individual counselling, and family counselling. Of the 18 youths helped, one has returned to share his experience and inspire current participants to pursue their goals in life.

Triage

LAKESIDE FAMILY SERVICES ANNUAL REPORT 2017/2018_09

Lakeside Family Services Year ended: 31 Jul’18

Ms Tan Wee Fong

Ms Seong Koon Wah Sun

Chairman

Treasurer

Member

Mr Ng Wai King

Ms Ho Li Peng

Mr Charles Quah

First Vice-Chairman

Assistant Treasurer / Chairman HR Committee

Member (Up to 30 Nov 2018)

Mr David Ng Mr Ow Chee Kee

Mr John Lim

Mr Teo Tee Loon Ex-officio

Member / Chairman Fundraising Committee

10%

7% 13%

3% 10%

SOURCES OF FUNDS

USES OF FUNDS Total $8,900,552

Total $8,900,552 7%

Secretary

49%

Lakeside Family Services’ Directors Ms Grace Lee

Ms Kim Leon

Executive Director

Director (Educational and Seniors’ Services)

Director (Community Partnerships)

Ms Belinda Koh

Ms Jennifer Heng

Mr Lim Geok Huat

Director (Children and Youth Services)

Director (Safe Place)

Director (Specialised Services)

Mr Edwin Quek

Mr Jimmy Png

Director (Casework & Counselling)

Director (Corporate Services)

51%

16% 8%

Mr Teo Tee Loon

Timely Help for Amos After he was caught for theft, Amos (not his real name) attended a Triage interview. Lakeside learned that he had suffered from negative peer influence, and found it hard to say no to his peers. He was referred to enrol in a youth mentoring programme, where he learned how to choose his friends wisely. As a result, Amos was successfully diverted from the criminal justice system, and has not broken the law again.

Sources and Uses of Funds

Mr Andrew Tay

Second Vice-Chairman

The Triage system identifies the needs of young offenders to provide appropriate intervention. Lakeside’s Social Workers conducted Triage interviews for 322 youths. 38 youths and families were also linked to community resources such as counselling, after-school engagement activities and financial assistance.

John Breaks the Cycle of Violence “I just don’t like to stay at home.” John (not his real name) grew up watching his family fight due to financial issues. He grew up believing violence was the way to solve problems. After a fight, he was placed in Streetwise Programme, where he learned healthy strategies to manage his anger. He realised the ill effects of gang involvement and has made an effort to stay away from gangs. John currently works part-time to alleviate the financial burden at home and is on track to completing his studies at ITE.

Turning Sammy’s Life Around Sammy (not his real name) was deeply hurt by his parents’ divorce. Seeking comfort from delinquent peers, he committed numerous offences. Through the Guidance Programme’s counselling and group activities, he realised how his life experiences has left a negative impact on him. Having discovered new meaning in life, he became more focused on his goals and is now determined to lead a crime-free life. Sammy is currently striving to complete his ‘N’ Level examinations and wants to continue his education at the Institute of Technical Education (ITE).

Management Committee & Directors Management Committee

Youth Venture

LAKESIDE FAMILY SERVICES ANNUAL REPORT 2017/2018_03

Lakeside’s Youth Services are geared towards rehabilitating youths-at-risk, including those who have committed offences. We also inspire them to develop their strengths and fulfil their aspirations. This year, we made an impact on 542 youths and their families.

Senior volunteer reaching out to seniors in the community

Advance Care Planning Advance Care Planning (ACP) was introduced last year through our Active Ageing Course to help seniors reflect, discuss and make End-of-Life (EOL) health care decisions ahead of time with our facilitators and their loved ones.

seniors served

Lakeside has been able to serve the community through a wide range of focused intervention programmes, helping more than

Honouring & Enriching the Seniors

For the past 3 years, Mdm Yee has been the earliest to arrive for Lakeside’s seniors wellness programmes. Growing from a beneficiary to a volunteer, she is glad to run errands and prepare refreshments. She enjoys the company of her newfound friends, thus gaining a wider network of social support. Since then, she has learned to live more independently, and can now travel by public transport on her own. Today, she is happier, more confident and feels a great sense of fulfilment in her new home.

seniors completed the Advance Care Plans with their EOL wishes made known to their loved ones

I am very grateful to have been able to go through the ACP process with my husband as it allows us to get a better sense of what it is like to prepare for my future health and personal care. - Wu Li Yun, 59

Teo Tee Loon Executive Director

families and individuals in distress

Kaki Kampong Seniors Wellness serves seniors aged 55 and above who are living in Jurong East, Jurong West and Taman Jurong. We help seniors live dignified and fulfilled lives by:

Over the last year, we served 352 seniors, an increase of 23% from the previous year. The programmes are very well received, with 97% of the seniors saying they have been attending more regularly as they found the content interesting and relevant.

In the years ahead, Lakeside will focus on the following priorities: (i) prisons and addictions, (ii) children and youths-at-risk, (iii) senior citizens, (iv) women with unsupported pregnancies, (v) marriage and families, (vi) service learning, and (vii) educational psychological services. We seek to heal the brokenhearted and reconcile families split apart by incarceration and socio-emotional issues. We seek to restore and empower the next generation, to help them lead well-adjusted lives and contribute back to the community. We seek to honour and enrich the golden years of silver-haired seniors, and empower vulnerable women and children. We seek to strengthen the fabric of society through intensive marriage and family work. We will mentor and equip the next generation, nurturing the children and youths of the future.

Acknowledgements

Through the support of government ministries, fellow Volunteer Welfare Organisations, grassroots leaders, corporate partners and volunteers, Lakeside has been able to serve the community through a wide range of focused intervention programmes, annually helping more than 7,000 families and individuals in distress.

70,000

Honouring & Enriching the Seniors

Empowering seniors with skills to contribute to the community Enabling seniors to age with dignity and meaning Enabling seniors to maintain a positive attitude and mindset Helping seniors keep physically fit, mentally alert, emotionally strong and spiritually enriched Helping seniors build healthy relationships with the residents in the community

e count our blessings as we celebrate Lakeside Family Services’ Silver Jubilee this year.

In the past 25 years, Lakeside has striven to be a shining light in the local community. Having journeyed with over 80,000 beneficiaries, Lakeside has been bringing hope and comfort to all who have come through our doors.

May you too be blessed as we serve the community together for the next 25 years and beyond. To God Be the Glory. The Best is Yet To Be!

7,000

LAKESIDE FAMILY SERVICES ANNUAL REPORT 2017/2018_01

Kaki Kampong Seniors Wellness

In Acts 20:35, St Paul said, “In everything I did, I showed you that by this kind of hard work we must help the weak, remembering the words the Lord Jesus himself said, ‘It is more blessed to give than to receive.’” At Lakeside, we will continue to walk in the footsteps of St Paul, to work hard, to help the weak, and give our best for others!

We work in harmony with our neighbours, the community and the government.

Sources and Uses of Funds

Facing New Challenges

12%

DONATIONS $933,242

CASEWORK & COUNSELLING $4,551,041

GOVERNMENT GRANTS $4,356,227

STUDENT CARE $1,068,314

STUDENT CARE $726,011

CHILDREN & YOUTH SERVICES $1,461,927

CHILDREN & YOUTH SERVICES $623,510

SPECIALISED SERVICES $1,134,396

SPECIALISED SERVICES $866,239

OTHER PROGRAMMES & SERVICES $684,874

OTHER PROGRAMMES & SERVICES $232,577 OTHER INCOME $619,207 DEFICIT FUNDED FROM ACCUMULATED FUND $543,539

1 There are no employees with emoluments above $170,000 p.a. The income of the top three executives of the centre lies in the band of $110,000 – $170,000 p.a. 2 Management Committee members do not receive remuneration and benefits for their services. 3 Lakeside’s policy is for all staff and Management Committee members to make an annual declaration of potential conflict of interests. 4 The procedures for handling all conflict of interest are documented in Lakeside’s Policy on Conflict of Interest. 5 Lakeside’s Reserves Policy is to have a maximum of two years’ operating expenses in reserve. Any amount in excess of this is to be used for new programmes and services, given to other charities with a similar mission, or used to start another charity. 6 Our banks are United Overseas Bank, Development Bank of Singapore, Maybank, CIMB Bank Berhad, Hong Leong Finance, Credit Suisse AG. 7 Our auditor is Tan & Teh, Chartered Accountants of Singapore. 22_LAKESIDE FAMILY SERVICES ANNUAL REPORT 2017/2018

LAKESIDE FAMILY SERVICES ANNUAL REPORT 2017/2018_23

IR CONTACT 18 Boon Lay Way, #05-113, Tradehub 21 Singapore 609966 Tel: (65) 6863 1318 Fax: (65) 6863 1618 E-mail: irmultichem@multichem.com.sg GENERAL For further information about Multi-Chem, please contact the secretariat at the registered office

REGISTERED OFFICE 18 Boon Lay Way, #05-113, Tradehub 21 Singapore 609966 Tel: (65) 6863 1318 Fax: (65) 6863 1618

Wong Meng Yeng Wong Meng Yeng Lim Keng Jin

Foo Fang Yong

Foo Maw Shen

Neo Mok Choon

Independent Director, Chairman of NC, Member of ARMC and RC

Mr Wong was appointed as a Director in January 2000. He has been an advocate and

Neo Mok Choon Independent Director, Chairman of ARMC, Member of NC and RC

Mr Neo was appointed as a Director in August 2012. He has more than 20 years of experience in the PCB industry. He holds a Bachelor of Engineering (Chemical) degree from the National University of Singapore and was Vice President (Operations, Asia Pacific) of Bredero Shaw (Singapore) Pte Ltd.

Foo Maw Shen Independent Director, Member of ARMC, NC and RC

Mr Foo was appointed as a Director in July 2014. He has over 27 years of extensive experience in commercial litigation, with particular emphasis on restructuring, insolvency litigation, shareholders’ disputes, commercial fraud, trust laws and international trade disputes. He is currently a senior partner in Dentons Rodyk & Davidson LLP’s Litigation & Arbitration Practice Group and is actively involved in the firm’s China Practice.

Foo Fang Yong Executive Director, General Manager

YOUR CYBER SECURITY & NETWORK PERFORMANCE

LETTER TO SHAREHOLDERS

The Group’s revenue achieved new heights in year 2020 as we brought in $480M in revenue, an increase of $24M, as compared to $456M in year 2019. This boost in the Group’s performance was mainly due to the continued expansion of the Group’s IT arm, the increase in spending by corporations and government on cyber security products in year 2020.

With the significant reduction in the number of machines, contribution from this manufacturing division is expected to erode further in the year 2021. Comparing revenue by geographical segments, 37% of the Group’s revenue in 2020 was derived from Singapore, a decrease from 40% in 2019. Of the remaining 63%, Australia accounted for 10%, Greater China accounted for 13% and the rest of the regions accounted for the remaining 40%.

Financial Position

As of 31 December 2020, the net working capital of the Group stood at $107M, compared to $95M as at 31 December 2019. This included cash and bank balances of $78M. Shareholders’ funds and net asset value per share stood at approximately $115M and 127 cents respectively as at 31 December 2020.

The IT business contributed $478M of Group’s revenue in 2020 and this business is expected to deliver more in 2021.

The Directors are pleased to recommend a final tax exempt (one-tier) dividend of 6.60 cents (Singapore) per ordinary share for 2020.

The IT business was the Group’s main business in 2020, accounting for 99% of the Group’s revenue. This business commenced in 2002 and is marketed under the M.Tech brand. We expect the IT business to remain the Group’s main business in the near future as corporations and policy makers increasingly recognize the need to strengthen their cybersecurity infrastructure. We are optimistic that this will augur well for the Group, given our wide geographical coverage and strategy of promoting cutting edge IT products. The Group will continue to focus on growing the IT business. Economic and political conditions are still key factors in determining the level of IT spending. The IT business contributed $478M of Group’s revenue in 2020 and this business is expected to deliver more in 2021.

The Group will continue to focus on the distribution of only the top names in IT security products, and will continue to look for suitable products to add to its range. While IT security continues to be the main focus of M.Tech, the Group also carries complementary products in the areas of WAN optimization and network management. It will continue to rationalize and be selective of its existing IT product range. Besides the IT products distributed by the Group, the Group is also authorized to provide certified IT training courses for Allot, Check Point and Symantec (a division of Broadcom).

MULTI-CHEM LIMITED

As of 31 December 2020, the Group had 7 CNC drilling machines in Singapore.

ANNUAL REPORT 2020

The Group recorded a profit before tax of $25.8M in 2020.

As of 31 December 2020, the net working capital of the Group stood at $107M compared to $95M as at 31 December 2019.

Lim Keng Jin

Group Chairman

YOUR CYBER SECURITY & NETWORK PERFORMANCE

FINANCIAL CALENDAR

GROUP STRUCTURE

PROSPECTS AND FUTURE PLAN

SIGNIFICANT EVENTS

FEBRUARY

2021

Announcement of 2020 full year results

A U G U S T

2021 Announcement of 2021 half year results

M.TECH HOLDINGS (100%)

M.TECH MALAYSIA (100%)

M.TECH SINGAPORE (76.75%)

M.SAAS SOLUTIONS (100%)

M.TECH THAILAND(1) (49%)

M.TECH AUSTRALIA (100%)

M.SAAS LANKA (100%)

M.TECH NEW ZEALAND (100%)

A P R I L

2021 Annual General Meeting

08 29

M.TECH JAPAN (100%)

M.TECH INDOCHINA (100%)

M.TECH KOREA (100%)

M.TECH INDONESIA (99%)

M.TECH TAIWAN (100%)

M.TECH HONG KONG (100%)

M.TECH VIETNAM (100%)

M-SECURITY PHLIPPINES (100%) SECUREONE ASIA (100%)

FEBRUARY

2022

Announcement of 2021 full year results

M.TECH SHANGHAI (100%)

M.TECH UK (100%)

E-SECURE SINGAPORE (100%)

SECUREONE INDIA (100%)

M.TECH MYANMAR (100%)

M.TECH INDIA (99.99%)

E-SECURE MALAYSIA (100%)

E-SECURE THAILAND(1) (48.8%)

(1)

M.Tech Thailand and E-Secure Thailand deemed to be wholly owned subsidiaries as the Company controls 100% of the voting rights and the financial and operating policies.

IT business. In the area of IT business, the Group is subject to risk of reliance on a few key vendors, with respect to their channel strategies, as well as product roadmap. The Group is also exposed to the risks of product obsolescence with respect to the hardware carried. To mitigate such risk, the Group has taken steps to align with the leading names in the IT arena. The Group monitors its inventories on a quarterly basis and will make allowances where necessary. The Group is also exposed to foreign exchange risks as we transact with our suppliers, vendors and customers in Singapore dollar, US dollar, Chinese renminbi, Australian dollar, Thailand baht, Malaysian ringgit, Indian rupee, Indonesian rupiah, Taiwan dollar, Hong Kong dollar, Philippines peso, and to a lesser extent, Euro, Korean won, Japanese yen, Vietnam dong, New Zealand dollar, British Pound and Sri Lankan rupee. The Group may, from time to time, enter into borrowing and foreign currency arrangements to reduce its foreign currency exposure. With any volatility in the US dollar, the Group expects to be exposed to a higher foreign exchange risk against some of the local currencies we collect from the customers. The Group is also exposed to the political, legal and economic climates of the country in which the Group is operating.

Economic and political conditions are still key factors in determining the level of IT spending. 1ST QUARTER

M.TECH PHILIPPINES (100%)

2ND QUARTER

26 03

MULTI-CHEM LIMITED

MULTI-CHEM PCB KUNSHAN (100%)

M.Tech distributes Chainalysis in Asia-Pacific (excluding North Korea and China). M.Tech distributes McAfee in China, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.

M.Tech distributes Seclore in India. M.Tech distributes Illumio in India, Indonesia, Malaysia and Singapore.

M.Tech distributes safe-t in Vietnam. 3RD QUARTER

2020

M.Tech distributes TANIUM in India, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. M.Tech distributes Gigamon in India, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. M.Tech distributes Citrix in Cambodia, Laos, Myanmar and Vietnam.

4TH QUARTER

A U G U S T

Announcement of 2020 half year results

ANNUAL REPORT 2020

MULTI-CHEM LIMITED

2020

MULTI-CHEM LIMITED

Annual General Meeting

ANNUAL REPORT 2020

Chief Executive Officer

Multi-Chem’s subsidiary, Multi-Chem Electronics (Kunshan) Co., Ltd completed member’s voluntary liquidation process. M.Tech distributes Cato in India & SAARC.

MULTI-CHEM LIMITED

Revenue $480M in 2020 5% growth from 2019. As at 31 December 2020, the Group has 7 CNC drilling machines.

MULTI-CHEM LIMITED

The Group recorded revenue of $480M in 2020, which was 5% more than $456M achieved in 2019.

Revenue from the PCB business accounted for less than 1% of Group’s revenue in 2020. The PCB business decreased by 8% as compared to 2019, primarily due to the significantly reduced production capacity, following the disposal of machines in Singapore.

ANNUAL REPORT 2020

The Group’s Financial Performance

Business Outlook

The increase in Group’s revenue for the year was mainly due to the positive contributions from IT business, arising from the increased reliance on digital technologies during COVID-19 pandemic.

Mr Foo was appointed as a Director in May 2015. Mr Foo joined the Company’s subsidiary, M.Tech Products Ptd Ltd in Year 2011 as an I-Security Engineer after completing his Honours Degree in Bachelor of Engineering (Computer Engineering) from National University of Singapore. He subsequently moved to the position of Product Manager in May 2012. At the same time, he attained RSA SecurID Certified Systems Engineer in Year 2011 and Blue Coat Certified ProxySG Professional, Sourcefire Certified Expert (SFCE) v5 and Riverbed Certified Solutions Professional WAN Optimization in Year 2012.

LETTER TO SHAREHOLDERS

MULTI-CHEM LIMITED

M ul ti -Chem L i mi ted A nnual Rep o rt 2 0 20

Foo Suan Sai Han Juat Hoon

Foo Suan Sai

ANNUAL REPORT 2020

Mdm Han is a founding shareholder of Multi-Chem. She has been a Director of the Company since 1987 and commenced working in an executive capacity with the Company in 1992. Mdm Han is well versed in factory operations, having held the appointment of factory manager with a chemical company for 12 years from 1980 to 1992. She is responsible for the overall operations of the Group. Mdm Han holds a Diploma in Chemical Process Technology from the Singapore Polytechnic and a Diploma in Management Studies from the Singapore Institute of Management.

Websites: http://www.multichem.com.sg http://www.mtechpro.com

SHARE LISTING The Company’s shares are listed on the Main Board of the Singapore Exchange Securities Trading Limited since November 2000

The Group recorded a profit before tax of $25.8M in 2020 compared to $14.6M in 2019, an increase of 77%. On an after-tax basis, the Group recorded a profit of $19.6M in 2020 as compared to $9.8M in 2019. On a weighted average basis, the Group’s earnings per share increased from 8.70 cents in 2019 to 19.73 cents in 2020. The increase in profit is mainly due to the increase in gross profit in correspond to the increase in sales and higher gross profit margin, the government grant received for the COVID-19 pandemic and net foreign exchange gain in 2020.

ANNUAL REPORT 2020

Han Juat Hoon Chief Operating Officer

E-mail: salesmultichem@multichem.com.sg sales@mtechpro.com

SHARE REGISTRAR M & C Services Private Limited 112 Robinson Road #05-01 Singapore 068902

Your Cyber Security & Network Performance

Mr Foo, one of the founding shareholders of Multi-Chem, has more than 30 years of experience in the PCB industry, of which the last 32 years were spent building up the Company. Mr Foo is currently responsible for the overall direction and development of the Group. He holds a Diploma in Chemical Process Technology from the Singapore Polytechnic and a Diploma in Management Studies from the Singapore Institute of Management.

solicitor in Singapore for 37 years, with the past 31 years spent as a corporate lawyer. He holds a Bachelor of Law (Hons) degree from the National University of Singapore. He is currently a director in Alliance LLC, a law corporation he co-founded.

ANNUAL REPORT 2020

PRINCIPAL BANKERS Citibank N.A. DBS Bank Ltd HSBC Limited United Overseas Bank Limited

Foo Suan Sai Chief Executive Officer and Member of NC

MULTI-CHEM LIMITED

AUDIT AND RISK MANAGEMENT COMMITTEE Neo Mok Choon Chairman Lim Keng Jin Foo Maw Shen Wong Meng Yeng

Mr Lim was appointed as a Director of the Company in April 2005. He was a Fellow of the Institute of Chartered Accountants of England and Wales, and had worked as an auditor and accountant before he moved out into the stock brokering industry. He was a Director of a local stock brokering company, and retired from it when that company was sold. Today Mr Lim is working as a Dealer Representative.

ANNUAL REPORT 2020

INTERNAL AUDITOR Yang Lee & Associates 10 Anson Road #31-03 International Plaza Singapore 079903

REMUNERATION COMMITTEE Lim Keng Jin Chairman Wong Meng Yeng Neo Mok Choon Foo Maw Shen

We started IT training business in Singapore in late second quarter of 2004 to complement the IT distribution business. We are currently authorised to conduct training for Allot, Check Point and Symantec (a division of Broadcom) courses.

ANNUAL REPORT 2020

COMPANY SECRETARY Chan Lai Yin

NOMINATING COMMITTEE Wong Meng Yeng Chairman Foo Suan Sai Lim Keng Jin Foo Maw Shen Neo Mok Choon

Through Multi-Chem’s subsidiaries under the M.Tech umbrella, our IT business has expanded in both product range and geographical coverage since inception and now spans Singapore, Australia, Greater China (including Hong Kong and Taiwan), India, Indonesia, Japan, Korea, Malaysia, Myanmar, New Zealand, Philippines, Sri Lanka, Thailand, United Kingdom and Vietnam.

Lim Keng Jin

ANNUAL REPORT 2020

Today, the Group comprises the Company, 27 subsidiaries, 2 representative offices, 4 branches and 9 offices, with a staff strength of over 600.

YOUR CYBER SECURITY & NETWORK PERFORMANCE

BOARD OF DIRECTORS Chairman, Independent Director, Chairman of RC, Member of ARMC and NC

MULTI-CHEM LIMITED

In May 2002, we diversified into the business of IT distribution where we focus on best-ofbreed cyber security, WAN optimisation and network management products from industry leading vendors. We are a leading cyber security and network performance solutions provider and we selectively partner with market leading vendors who are established in their respective domains. Together, we cover a broad spectrum of today’s security and network performance requirements.

YOUR CYBER SECURITY & NETWORK PERFORMANCE

BOARD OF DIRECTORS INDEPENDENT AUDITOR BDO LLP Public Accountants and Chartered Accountants 600 North Bridge Road #23-01 Parkview Square Singapore 188778 Partner-in-charge: Lee Kuang Hon Appointment since the financial year ended 31 December 2020

MULTI-CHEM LIMITED

Multi-Chem is a distributor of specialty chemicals and materials to PCB manufacturers. Incorporated in 1985, Multi-Chem was listed on SESDAQ in January 2000 and upgraded to the Main Board of The Singapore Exchange in November 2000. In May 2002, we diversified into the business of IT distribution.

BOARD OF DIRECTORS Lim Keng Jin Chairman Foo Suan Sai CEO Han Juat Hoon Wong Meng Yeng Neo Mok Choon Foo Maw Shen Foo Fang Yong

ANNUAL REPORT 2020

YOUR CYBER SECURITY & NETWORK PERFORMANCE

CORPORATE DATA

MULTI-CHEM LIMITED

ANNUAL REPORT 2020 MULTI-CHEM LIMITED

YOUR CYBER SECURITY & NETWORK PERFORMANCE

CORPORATE PROFILE

MESSAGE FROM

CHAIRPERSON

NCCS CANCER FUND & NCC RESEARCH FUND FY2019

Impact OF YOUR

019 was an eventful year as the fundraising team organised a host of events that helped raise a total of $16 million for the NCCS Cancer Fund and NCC Research Fund. With the generosity and continued support from our donors, volunteers and partners, the National Cancer Centre Singapore (NCCS) was able to continue pioneering cancer research and initiatives to advance patient care through the two funds. Towards the end of the fiscal year, the COVID-19 pandemic took the world by surprise. While the outbreak has affected work and life, we are heartened by how the community has rallied to our cause to help the more vulnerable or less privileged, through monetary donations or support for NCCS’ fundraising efforts.

FUNDS RAISED

NCCS Cancer Fund and NCC Research Fund

As face-to-face events are not allowed during this COVID-19 period, we have channeled all our fundraising efforts online. NCCS’ Be the Light of Hope e-campaign was launched in June 2020 to support needy cancer patients who need emergency financial assistance for purposes like medication and transportation to NCCS for treatment, through the NCCS Cancer Fund. We continue to seek community support for this much-needed campaign during these challenging times. To ensure good corporate governance, I am pleased to inform that SingHealth has formed a Company Limited by Guarantee in 2016, named the SingHealth Fund Limited (SHF). SHF manages the funds of all the SingHealth subsidiaries,

TOTAL OF

including the NCCS Cancer Fund. With this alignment, the NCC Research Fund will soon merge with the NCCS Cancer Fund. I wish to assure all donors that even with this change, funds will continue to be ring-fenced and used in accordance to donors’ original gift intent. I am thankful to my fellow board members, donors, well-wishers, volunteers, and partners for stepping up their support and making positive contributions to ensure our cancer patients are assisted during this difficult time. I wish everyone good health - please stay safe and stay connected.

MESSAGE FROM

MEDICAL DIRECTOR

he past year had been a year of meaningful collaborations with like-minded partners to improve cancer prevention, care and research. I am particularly grateful to the NCCS Cancer Fund and NCC Research Fund board members who have continued to give time and valuable advice. We have had many successes in research, including a paper co-first authored by Clinical Associate Prof Daniel Tan. The paper, which was published in August 2020 in the prestigious New England Journal of Medicine, highlighted the discovery of a drug that shows strong response for patients with non-small cell lung cancer. Separately, findings from another study published in the highly prestigious Cell journal in September 2020, where Prof Pierce Chow was a co-corresponding author of, could lead to advances in early detection and immunotherapy in liver cancer. NCCS’ collaborative efforts with local and international institutions have allowed us to embark on more innovative research and provide expanded capacity to run complex and larger studies. One example is the Singapore Lymphoma Translational Study led by NCCS, which has brought together clinicians and researchers

Professor William Hwang

National Cancer Centre Singapore

across Singapore to collaborate with local biotech companies, international pharmaceutical companies and overseas academic centres to study Asian-prevalent lymphomas. The team aims to improve treatment strategies by developing a test that can identify patients who would respond to immunotherapy. Another example would be our collaboration with China’s Sun Yat-sen University Cancer Center, which allowed us to establish a new global standard treatment for high-risk locally advanced nasopharyngeal cancer (NPC) patients. By applying chemotherapy before chemo-radiotherapy in advanced NPC patients, survival rates have improved with reduced cancer recurrence. We have also worked closely with local partners to make a greater difference to cancer care and research. We have joined forces with the Singapore Cancer Society (SCS) to lead the fight against cancer and provide Singaporeans with even better cancer care through several upcoming efforts in cancer prevention and screening. These efforts include a cancer genetics screening programme that will benefit individuals with a high risk of cancer. Temasek Foundation has also generously committed $2.1 million to jointly establish the Temasek

Foundation ACCESS (Accessible Cancer Care to Enable Support for Survivors) programme with NCCS to provide holistic post-treatment care. This 2-year pilot programme will benefit 4,000 breast cancer patients by optimising their post-treatment recovery. Moving forward, we hope to extend this programme to all NCCS patients. The outbreak of COVID-19 presented significant challenges in 2020 for patient care in Singapore. While it has not been easy, NCCS staff have rallied together to overcome the challenges as we continue to care for our patients. I am proud of our staff and the volunteers who have stepped forward to take on frontline roles such as triaging and screening duties to ensure the safety of our patients, who are particularly vulnerable during this period. To all our kind donors who supported us in big and small ways over the past year, you have touched many lives. With your strong support, NCCS can continue life-saving research and providing the best care to every patient walking through our doors.

02 NCCS CANCER FUND & NCC RESEARCH FUND | FY2019 | Impact OF YOUR Giving

THANK YOU

$10,000,000 AND ABOVE Goh Foundation $1,000,000 TO $9,999,999 Lee Foundation $100,000 TO $999,999 Chiu Teng Group Pte Ltd In Memory of Ms Chua Lay Hong Mr Kuok Khoon Hong Ms Christina Leong In Memory of Ms Low Lye Fan Roche Singapore Pte Ltd Tessa Therapeutics Pte Ltd Tote Board $10,000 TO $99,999 Agilent Technologies

Mr Chua Wah Ann

Millenia Private Limited

Alliance Asia Holdings Private Limited

Curie Oncology

Mr Mark Nelligan

AstraZeneca Singapore Pte Ltd

Far East Organisation

Novem Healthcare Pte Ltd

Geo Energy Resources Limited

Mr Yung Ong

BinjaiTree

Ms Blossom Hing

BMW Group Asia

Oncocare Cancer Centre

Prof William Hwang

Mr Jimmy Phoon

Ms Carol Chan Eng Geok

In Memory of Mdm Angela Koon Tok Peng

In Memory of Mr Shaik Shidek B Shaik Osman

Mr Cayden Chang and Family

Prof Lalit Kumar Radha Krishna

Mr Tan Hock Koon

Mr Frank Chew C K

D.S. Lee Foundation

Mr Tan Wu Hao

Ms Yvonne Chiam Boon Geok

Ms Suzanne Liau & Mr Peter Lee

Teh Kong Chuan

Ms Chong Yun Yuh

Dr Elaine Lim Hsuen

Walta Technologies (S) Pte Ltd

Ms Choo Sy Nian

Ms Adeline Low Sheo Geok

Yeakin Plastic Industry Pte Ltd

Dr Chua Siew Eng

Milestone Systems Pte Ltd

Mr Heru Budihartono

16 million 2,777

was raised from

The Pink Carpet Party, graced by President Halimah Yacob, was the anchor event of the NCCS’ Women vs Cancer campaign. Guests in pink outfits made their way down the pink carpet at Regent Singapore, in support of breast cancer research. The campaign raised over $630,000 for the advancement of cutting-edge breast cancer research. Specially framed portraits were presented by the President to five breast cancer patients. Provided by NCCS and supported by BMW, this photography initiative called Portraits of Hope allowed patients and their loved ones to come together to create memories with a professional family portrait.

One Voice Against Cancer Harmony for Hope Concert

Patient Care

11,185,716

Academic Support

2,361,249

Research

1,833,109

General

618,535

GIFT IMPACT

Over 260 volunteers contributed more than 5,300 hours to support cancer patients through various initiatives

Photo by Ho Chee Min

Donors

GIFTS BY PURPOSE

Women vs Cancer 2019 Pink Carpet Party in Support of Breast Cancer Research

$3.1 million was disbursed in FY2019 to support 44 critical cancer research projects

$19.6 million was disbursed in FY2019 in support of patient care programmes such as Proton Therapy, Patient Support Group, Financial Aid

the

To celebrate new life after cancer, 35 cancer patients and survivors from NCCS’ Recital of Joy Music Interest Group put together a concert of uplifting musical performances at the Harmony for Hope concert. Benjamin Kheng, lead vocalist of The Sam Willows, joined the concert as the special guest to lend his support to the meaningful cause. In addition to raising funds for cancer care and survivorship programmes, Harmony for Hope demonstrated how joy and healing can be spread through music. $70,878 was raised through the concert in aid of the NCCS Cancer Fund.

Volunteers contributed 1,073 hours serving hot beverages to comfort cancer patients at the outpatient chemotherapy unit at NCCS

670 knockers and 1,096 hats were knitted by our volunteers for cancer patients

50 needy patients received much-needed financial assistance for treatments through the Lee Kong Chian Young Patients Cancer Care Fund

126 high-risk patients were supported by the Lee Kong Chian NCCS Cancer Genetics Service to undergo genetic testing

NCCS CANCER FUND & NCC RESEARCH FUND | FY2019 | Impact OF YOUR Giving 03

FOR SUPPORTING OUR FIGHT AGAINST CANCER

Giving

STATISTICS AT A GLANCE

CAMPAIGN HIGHLIGHTS Mdm Ho Geok Choo

We have made every effort to correctly list the names of all donors and to honour the requests of donors who wish to remain anonymous. If you have any questions or comments, please contact the Community Partnership office at 6236 9440.

For more information or to make your donation today, please contact: Community Partnership Division of Community Outreach and Philanthropy To make a gift online, please scan the QR code. National Cancer Centre Singapore 11 Hospital Crescent, Singapore 169610 Tel: (65) 6236 9440 | Email: donate@nccs.com.sg Website: www.nccs.com.sg/Giving www.giving.sg/nccs-cancer-fund