During the year under review, the invested projects of the Company included (1) E-Com Holdings Pte. Ltd., a company principally engaging in the provision of Chinese e-learning platforms. Chinese e-learning platforms are available in most of the primary schools in Singapore and its coverage is gradually expanding into other Asian regions and the rest of the world; and (2) the listed equity investment held by the Company.

Looking forward, the investment market is expected to remain challenging in 2020. The Company will continue to adopt and maintain a prudent investment approach to capture attractive investment opportunities as and when they arise. It will also strives to bring the maximum returns for all the shareholders.