FY 2018 Results Presentation 29 April 2019
Disclaimer This confidential presentation (“Presentation”) has been prepared by Forise International Limited (“Forise”) for discussion with selected recipients only. This Presentation is for information purposes and shall not be construed as an offer to sell or a solicitation for the subscription or purchase of interests, or as an invitation, inducement or intermediation for the sale, subscription or purchase of interests, or form the basis of any decision to subscribe for or purchase any interests in Forise or any of its affiliates, or for engaging in any other transaction. While reasonable care has been taken to prepare this document, the information contained herein may not be relied upon for accuracy or completeness; and any opinion or estimate contained in this document is subject to change without notice. This Presentation is solely for information purposes only and is not intended for anyone other than the recipients. It may not be published, circulated, reproduced or distributed, in whole or part, to any other person without the prior consent from Forise. The information contained in this Presentation is proprietary and confidential to Forise and may not be disclosed to third parties or duplicated or used for any purpose other than the purpose for which it has been provided. Any unauthorized use, duplication or disclosure of this Presentation is prohibited by law. If, at any time, such transmission, reproduction or disclosure is made, and Forise, and/or any affiliates, suffers any loss, damage, liability of any kind whatsoever arising out of, or in connection with, any such transmission, reproduction or disclosure, the recipient agrees to hold harmless and indemnify Forise and/or affiliates from and against any such loss, damage or liability. Forise or its affiliates may have acted upon or have made use of material in this document prior to its publication. If you have any doubt about any of the contents of this publication, you should obtain independent professional advice. 2
Table of Contents Business Model & Introduction Business Update Financial Review Conclusion Growth Strategy Corporate Overview Current Chinese Economy Financial Performance Business Model Corporate Vision Group Structure Business Developments Financial Position Growth Strategy Contact Details Financial Highlights Management Team Key Financial Indicators Q & A 3 3
1 Introduction 4
Corporate Overview Exchange Listing Mainboard of the SGX-ST on 25 Sep 2009 Exchange Code I5H Market Capitalization (SGD) 6,390,000 Share Price (SGD) 0.003 (Closing price on 26 April 2019) Issued & Paid-Up Shares 2,130,000,000 PE Ratio (SGD) 23.08 Trailing EPS (SGD) 0.00013 NAV per Share (SGD) 0.0043 Source: Shareinvestor, 26 April 2019 Business model & Growth 5 Introduction Business Update Financial Review Conclusion Strategy
Corporate Overview Forise International Limited is a SGX-listed company and provides a comprehensive range of corporate advisory services to fund and investment managers, SMEs, and high net-worth individuals. Our Clients Small Medium Enterprises & Fund Managers & High Net-Worth Individuals Investment Managers ▪ ▪ Advisory services relating to various corporate actions Advisory services to optimize idle capital deployment ▪ ▪ Business consulting services for fund management Advisory services on debt and equity financing ▪ ▪ Investment management and due diligence services Commercial factoring services for financing flexibility ▪ Legal & compliance and post investment services to fund managers Our Solutions Corporate Advisory Asset Management Financial Restructuring Management Consulting Strategic Planning Commercial Factoring Mergers & Acquisitions Investment Portfolio Planning Corporate Reorganisations Financial Management Strategic Analysis & Evaluation Domestic Factoring Pre-IPO financing Investment Target Recommendation Recapitalizations Investment Consulting Strategic Design & Implementation International Factoring Mezzanine Financing Investment Target Due Diligence Debt Restructuring & Informal Work-Outs Operations & Processes Market, Competitive & Industry Analyses Recourse Factoring Private Equity Fund Initiation & Operations Formal Insolvency Procedures Business Intelligence Continuous Management and Review Non-Recourse Factoring Business model & Growth 6 Introduction Business Update Financial Review Conclusion Strategy
Corporate Overview – Board of Directors MR. WANG XIN MR. CHRISTOPHER CHONG MENG TAK EXECUTIVE CHAIRMAN LEAD INDEPENDENT DIRECTOR Chairman Founding Partner ▪ ▪ Fu Hua Holdings Co., Ltd. ACH Investments Pte Ltd ▪ Dongyan Hi-Tech (Beijing) Environment Protection Independent Director ▪ Technology Co., Ltd . GLG Corp Ltd (ASX) ▪ ASL Marine Holdings Ltd. (SGX) MR. AZMAN HASHIM BIN JA’AFAR MR. PENG WEILE EXECUTIVE DIRECTOR INDEPENDENT DIRECTOR Founding Treasurer Deputy Managing Partner ▪ ▪ Association of Catalist Companies RHT Taylor Wessing LLP Executive Director Independent Director ▪ ▪ SMJ International Holdings Ltd. (SGX) Nil Non-Executive Director ▪ TNT Global Capital Pte Ltd MR. PENG FEI MR. SAN MENG CHEE (Retiring on 29 April 2019) NON-EXECUTIVE DIRECTOR INDEPENDENT DIRECTOR E xecutive Director & Chief Executive Officer Chief Financial Officer ▪ ▪ SMJ International Holdings Ltd. (SGX) Mencast Holdings Ltd. (SGX) E xecutive Director Independent Director ▪ ▪ Frontier Resources Limited (ASX) Astaka Holding Limited (SGX) Non-Executive Director ▪ TNT Global Capital Pte Ltd Business model & Growth 7 Introduction Business Update Financial Review Conclusion Strategy
Group Structure Forise International Limited Incorporated in Singapore 40% 100% 100% 100% TNT Forise Forise Great Global Capital Capital Management Management Holding Pte Ltd Company Limited Limited Limited Incorporated in Singapore Incorporated in the BVI Incorporated in Hong Kong Incorporated in Hong Kong 100% 100% 100% 100% Forise Tianjin Forise Great Great Global Strategy Corporation Management Fashion Trading Brand Management Investment SPC Consultancy Limited (Shanghai) Limited Limited Incorporated in the Cayman Islands Incorporated in China Incorporated in China Incorporated in the BVI 100% 40% 100% 天津复有 Le Rong Tianjin Forise 新茂企业管理咨询 Financial Factoring Corporation Management 有限公司 Company Limited Consultancy Limited Incorporated in China Incorporated in China Beijing Branch Business model & Growth 8 Introduction Business Update Financial Review Conclusion Strategy
Financial Highlights Profit before Tax Net Profit Revenue RMB 9.82 mn RMB 3.42 mn RMB 1.65 mn Shareholders’ Equity Operating Cash Flow Cash & Bank Balances RMB 4.23 mn RMB 22.19 mn RMB 45.84 mn Continuing Operations Discontinued Operations Net Asset Value Basic & Diluted EPS Basic & Diluted EPS RMB 0.08 cents RMB (0.01) c ents RMB 2.15 cents Source: Company Data Business model & Growth 9 Introduction Business Update Financial Review Conclusion Strategy
2 Business Update 10
Current Chinese Economy Below are the internal and external factors which have negative effects to Chinese Economy: SINO – US TRADE WAR DE-LEVERAGING De-leveraging in the financial sector has Sino-US trade war continue to escalate in 2018 increased the downward pressure on the and export growth of China is facing downward economy and increased the vulnerability of pressure. enterprises. DEPRECIATION OF RENMINBI (“RMB”) CHALLENGE OF DEBT RISKS Macro leverage is currently the biggest risk The US FED rates hike caused depreciation of facing by the Chinese Economy, especially the RMB and international capital outflow pressure. non-financial corporate sector. Business model & Growth 11 Introduction Business Update Financial Review Conclusion Strategy
Business Developments The Group has been focusing on the development and growth of its strategic planning, corporate advisory, financial restructuring and management consultancy services. Objectives & Goals Ongoing Strategy Major Developments Entered into a Sale and Purchase Divestment of non-core business Focus on core business Agreement to divest garment (i.e. Garment trading business) trading entities in Feb 2019 Broaden the Group’s Continued to focus on the Deliver greater value revenue stream business of corporate advisory to Shareholders Expand and enhance Actively seek opportunities Continued to identify potential Group’s performance to capture performance business opportunities and growth synergies and net asset value Business model & Growth 12 Introduction Business Update Financial Review Conclusion Strategy
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