ADVANCER GLOBAL LIMITED ANNUAL

Letter to Shareholders

LETTER TO SHAREHOLDERS Amidst the challenging circumstances and in view of the significant impact of the COVID-19 on the economy, the Board is not recommending any dividend for FY2019 and has decided to conserve cash for the Group’s operational and growth purposes to remain sustainable. LOOKING AHEAD It is imperative to continue on our quest to transform our Group to be future-ready and be poised to meet challenges in the market through innovative technology. Digitalising our business will allow us to accumulate data for analysis and help us identify areas where we can sharpen our competitive advantage. We will continue to proactively adjust our internal processes and strategies to respond to external changes. At the same time, we will focus on strengthening our technology capabilities to achieve higher efficiencies and increase value for our customers. In closing, we have announced the appointment of Mr. Danny Lim as Chairman and Independent Non- Executive Director of our Board on 31 December 2019. He is currently a partner at Rajah & Tann Singapore LLP and holds directorship positions in other listed companies. With the appointment, we look forward to his guidance and experience in strengthening our Group’s position in the coming years. On the same note, we would like to acknowledge the leadership of our former Executive Chairman, Mr. Desmond Chin, who will continue to steer the Group in his new position as an Executive Director. Finally, we want to thank you for your continued support and look forward to continue our journey together. Desmond Chin Executive Director Danny Lim Independent Non-Executive Chairman (Since 31 December 2019) Gary Chin, Chief Executive Officer and Executive Director ANNUAL REPORT 2019 ADVANCER GLOBAL LIMITED 3 BUSINESS SEGMENTS SMART. FACILITY. Foreign Domestic Workers MANAGEMENT. Video Analytics Height Cleaning Part Time Home Cleaner IFM & Security Command Ctr. Stewarding Smart Services Security Sensors Sys. Cleaning Property Services Waste Management Landscaping Pest Control Visitor & Vehicle & Fumigation Mgt. Sys. OUR BUSINESS MODEL Advancer Global’s business model was developed by reviewing the potential opportunities in the markets we operate in, with the aim of bringing the greatest value to shareholders of the Company and striving to achieve long term sustainability for the Group. The Group has two core business segments: