COMPANY PROFILE. Member of MSI Global Alliance ACCOUNTANTS AND CONSULTANTS. An Authorised Training Employer. Accredited Auditors of

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1 Member of MSI Global Alliance An Authorised Training Employer COMPANY PROFILE TY TEOH INTERNATIONAL is a member firm of MSI Global Alliance, the 20 th largest international association of independent legal and accounting firms ranked by International Accounting Bulletin. ACCOUNTANTS AND CONSULTANTS Accredited Auditors of Member of MALAYSIA I Johor I Kuala Lumpur I Labuan l Perak I Penang I SINGAPORE

2 Preface... We are very grateful that you have considered our firms for various professional services to be provided to your companies and are pleased to submit our corporate profile for your kind consideration. We trust we have furnished sufficient details for your consideration and we look forward to be of services to your companies. If our corporate profile has convinced you of our ability to satisfy you, we wish to have the pleasure to meet up with you and would be happy to provide more information if required. Please treat this as Private and Confidential and is only addressed to the addressee and should not disclose to any other parties without the consent of the undersigned. Copyright TY TEOH INTERNATIONAL

3 Table of Contents MESSAGES FROM FOUNDER ABOUT TT CONSULTING GROUP About Us 1 Why TT 2 Our Brand 3 MSI Global Alliance 4 OUR SERVICES Audit and Assurance 5 Actuarial and Financial Advisory 6 Business Strategies & Operation 7 Corporate Finance & IPO 8 Corporate & Management Consulting 9 Offshore Advisory 10 Tax Advisory 11 Copyright TY TEOH INTERNATIONAL

4 PEOPLE BUILD CULTURE At TT, we extremely value our staff and believe that they are an essential investment as we believe that people build culture, we hence believe that the best way to build and improve our quality of services to you is to continuously invest in our people. The continual development and maintenance of strong relationship between the management and staff is one of the most important key element for people-focused culture where we emphasis on ongoing communication through regular staff meeting to ensure that workloads and deadlines are managed effectively, tasks are assigned according to the competency of the staff, without placing unrealistic expectations on them. At TT, the contribution of our staff to the firm will always be recognised as we do regular reviews and evaluation on the job assigned and have a yearly comprehensive staff evaluation where promotions are determined on the basis of experiences, competencies and capabilities. Our appraisal evaluation is operated in two-way where we also listen to what staff have to say and how we can assist them to further their studies or achieve their career objective. We believe the life has to be balanced between works and social, therefore we, other than place great emphasis on providing a challenging work environment, intensive on-job trainings, in-house or external seminars for our staff, maintain a fun and energetic atmosphere through regular fun social and sport events. Our executive directors maintain an open door policy that ensures open communication within the firm, where everyone can seek advice at any time. Messages from Founder, TT CONSULTING GROUP T Y TEOH CA, LLM (IIUM) Country Managing Director & Partner Copyright TY TEOH INTERNATIONAL

5 ABOUT US Founded in 2002, TY TEOH International (Formerly known as TY TEOH & CO), the founding member firm of TT Consulting Group, is one of the leading and fastest-growing consulting service providers in Labuan, Malaysia, and Singapore. TY TEOH International and its affiliated companies are mainly led by Executive Partners and Directors and currently operated across seven (7) offices in Southern, Central, Northern States of Malaysia, Labuan and Singapore, and supported by its seven (7) divisions Audit & Assurance, Actuarial & Financial Advisory, Business Strategies & Operation, Corporate Finance & IPO, Corporate & Management Consulting, Offshore Advisory and Tax Advisory to provide a diverse range of business solutions and consulting services to its diverse range of clients include the public, private and community sectors, representing a cross section of major industries. QUICK FACT: A member firm of MSI Global Alliance, an 20 th largest international association of independent accounting firms ranked International Accounting Bulletin. A Registered Auditor with Accounting and Corporate Regulatory Authority (ACRA), Singapore. A Registered Auditor of Public Interest Entities with The Audit Oversight Board (AOB) Malaysia which established under Part IIIA of Securities Commission Act An Approved Auditor of Labuan Financial Services Authority (Labuan FSA), Malaysia. A corporate member of The Institute of Internal Auditors. An Authorised Training Employer ICAEW. Given the years, our faster growth and success are largely contributed to our philosophy: "We care about your company growth as if we are the shareholder of your company and always place your stand as ours when looking into your practical problems where issues are identified accordingly and solutions are tailored to smooth out your business operations and overcome your company hurdle." True to the testimonial from our Founder and our Slogan "Strength Beyond Figures ", our emphasis on the specific needs of your business is definitely more than just figures! Copyright@ TY TEOH INTERNATIONAL 1

6 WHY TT Sound and realistic solutions to your practical problems through our philosophy. One stop resource centre providing a spectrum of business solutions and consulting services from assisting you to set up, expand and exist your company via private sell or IPO. "Out-of-Box" thinking. Walkthrough with your companies across Malaysia and Singapore throughout our nation-wide offices. Our human capital resources are well equipped with the kit of latest skills and knowledge through our TT Learning and Development. We are "Business Accountants" rather "Figure Accountants". TT affiliated companies are operated as separate entity but adopted "One Management Team" concept which smoothes inter-branches or offices communication, staff mobility, work methodology and decisionmaking without any delay. Copyright TY TEOH INTERNATIONAL 2

7 OUR BRAND OUR BRAND TT logo consists of three dialogues representing our emphasis on the importance of mutual understanding and communication between our work team and your organisation in order to comprehend your problems better and to deliver more effective and efficient solutions. The tone of TT logo from pea green or nattier blue to sap green presents our acknowledgement and understanding of you from the very beginning and deepening as our business relationship grows. Copyright TY TEOH INTERNATIONAL 3

8 MSI GLOBAL ALLIANCE Ranked consistently Worldwide 20 th largest Accounting Network and Association Firms by International Accounting Bulletin Member Firms 100 Countries 300 Locations 10,000 Professionals USD 1.3 Billion Combined Fee Whenever Your Business Takes You, We Will Be Alongside You TY TEOH INTERNATIONAL is a member firm of MSI Global Alliance, a worldwide 20 th largest international association of independent accounting firms ranked by International Accounting Bulletin. MSI worldwide membership now extends to over 250 member firms in 100 countries, and is spread evenly among accounting and legal firms in the Americas, Asia Pacific, and Europe, Middle East & Africa regions. Two decades on, the aim of providing a real alternative to the large international, professional services firms has become more relevant than ever. Copyright TY TEOH INTERNATIONAL 4

9 MSI GLOBAL ALLIANCE A collective membership of nearly 10,000 practising accountants, auditors and tax advisors worldwide with an additional 4,000 support staff means that we have more professional than some of the world s largest firms, as a result, clients can reach out confidently for assistance form highly rated professional firms almost anywhere in the world. Through the MSI worldwide network, we aim to assist client to face the challenges and maximize the many opportunities resulting from the increasing internationalization of markets and trade by providing a positive, innovative and seamless services in achieving their commercial goals. TY TEOH INTERNATIONAL is also a founding member firm of TT Consulting Group and supported by its affiliated companies within the Group with the following seven (7) divisions : Audit and Assurance Actuarial and Financial Advisory Business Strategies & Operation Corporate Finance & IPO Corporate and Management Consulting Offshore Advisory Tax Advisory Copyright TY TEOH INTERNATIONAL 4.1

10 AUDIT & ASSURANCE "Independent... No Compromise" The traditional role of audit has always been to ensure compliances to statutory obligation. Stakeholders today have regarded auditing more than just meeting statutory obligation. Many users of financial information are demanding greater reliability of both financial and non-financial data specific to their needs. Our audit process is not only designed to provide relevant, timely and reliable information to the users, but we also see the audit process as an opportunity to add real value to our client's business operations. This understanding not only brings the clarity to the company financial position, but also provides a sound basis from which to propose value added solutions designed to enhance internal control procedures and business operations. Main Practice Areas : OUR SERVICES Statutory Audit Limited Review Agreed-upon-scope Audit Internal Audit System Audit Fraud and Forensic Accounting Investigation Copyright TY TEOH INTERNATIONAL 5

11 INTERNAL AUDIT We Provide You With A Peace of Mind: A Self- Regulated Company At TY TEOH International, aside from the responsibly of compliance to the Code of Corporate Governance, we acknowledge the importance of setting up / on-going monitoring the effectiveness of internal control so as to minimise business risks. With our team of experienced and qualified internal auditors, we are able to provide credibility in your management reports, as well as providing professional advice on how to further improve the effectiveness of your internal control, this includes but not limited to the followings:- Main Practice Areas : OUR SERVICES Corporate Governance Advisory Internal Control Evaluation & Systems Reviews Outsource Internal Audit Function Internal Audit Co-Sourcing Advice on Setting Up Internal Control Function Risk Management Copyright TYTEOH CH INTERNATIONAL 5.1

12 Our Actuaries and Financial Advisory ACTUARIAL & FINANCIAL ADVISORY division is headed by highly qualified and respected professionals with vast experiences gained from managing few prominent insurance companies in Malaysia, Singapore and Hong Kong. The division will provide clients with objective views and quality services at a fair price. Main Practice Areas : Formulation and Implementation of Corporate Structure, Strategies and Key performance Indicators. Critical Review of Corporate Business Plan and Its Long Term Financial Projections. Assets and Liabilities Management to Optimize Investment Return at Tolerable Risk Level with Due Considerations to Corporate s Profile and Financial Resources. Advise on Fair Value Accounting FRS 39 - Financial Instrument, Employees Remuneration Package including FRS Employee Share Options and FRS 26 - Retirement Benefits Plan in accordance with Financial Reporting Standard. Wealth Management for Corporate and its Senior Management Team. Establish Alternative Distribution Channels to Access Different Market Segments. Market Research on Market Potentials, Consumers Behaviours, Product Features and Acceptance. OUR SERVICES Copyright TY TEOH INTERNATIONAL 6

13 BUSINESS STRATEGIES & OPERATION "Surround yourself with Excellent Advisors" It is evident that the world in which you conduct your business is dynamic and changing rapidly. Therefore, the need for business strategies advisors becomes inevitable to provide or transform one's ideas into reality. Our dedicated team of professionals provides a full spectrum of services, including market research and feasibility studies before a business plan is drawn out. Our team also helps you to implement the business plan, monitor its on-going progress and evaluate its outcome and eventually report on the performance to you. Main Practice Areas : OUR SERVICES Feasibility Study and Market Research Capital Corporate Restructuring Business and Strategic Planning Business Valuations Performance Measurement and Evaluation Copyright TY TEOH INNTERNATIONAL 7

14 "M&A Boutique" Asia's dynamic economic growth and the rapid internationalization have led to a major increase in merger and acquisitions (M&A) activities. CORPORATE FINANCE & IPO Our Corporate Finance Division extends professional advisory services and assistances to our clients intending to undertake or in the course of undertaking corporate exercises, to maximise their potential business value, of various forms, including but not limited to, originating and executing transactions such as raising public (IPO) and private capital, selling parts of their businesses (Divestment), acquiring complementary companies (Acquisitions), restructuring client business and seeking strategic alliances (Merger). Copyright TY TEOH INTERNATIONAL 8

15 OUR SERVICES M & A Supports : Merger and Acquisitions Sales and Divestments Transaction Services Supports: Financial Due Diligence Monitoring Accountants IPO Supports: Reporting Accountants IPO Planning CORPORATE FINANCE & IPO Corporate Finance Supports: Fund Raising, Project Financing and Debt Restructuring Independent Advisors Special Administrators Capital Deduction Equity Valuations Financial Projections Joint Ventures and Strategic Alliances Copyright TY TEOH INTERNATIONAL 8.1

16 CORPORATE & MANAGEMENT CONSULTING "We Shape Your Future" Today, business success originates from continual improvement be it to improve profits, cashflow, shareholder returns, customer services, etc. History has clearly proven: Companies, who adapt to change, prosper; those do not, wither. Organisation need not worry anymore, you can now turn to us primarily for your obstacles to success, flesh ideas and projects management advisory, as our team are possessed decades of real life successful business experiences and will be able to help you to counter them. Main Practice Areas : Setting-up an Internal Control System and Business System Financial and Cost Management Analysis Executive Search and Payroll Training on Finance and Administration Matters Operation Process and Productivity Improvement Stakeholder Communication and Reporting Application of Government Licenses Expatriate Services Accounting Services OUR SERVICES Copyright TY TEOH INTERNATIONAL 9

17 "Offshore Tax Heavens" OFFSHORE ADVISORY True to the statement from Benjamin Franklin ( ) : Nothing is certain in this world but death and taxes but for second part, taxes may vary. Today, free-tax offshore shelf has becom e one of the comm on investment vehicles to minimum or free from excessive taxation, but for well-off individuals considering offshore investment, tax may not be the driving force behind offshore as it is the best way to protect the business and financial privacy from the competitors, illegitimate creditors or any third parties. For the companies or individuals reside in high-tax region and if they can opt for offshore investment, it is in pursuits of higher returns while paying lesser tax or free-tax and without any intention to evade taxes in their home countries, most importantly, these tax restructuring strategies are completely under the law, thus the investment returns can be legalised in offshore and be repatriated for reinvestment in home countries. Copyright TY TEOH INTERNATIONAL 10

18 Going offshore may not be suitable for every company and the business models may optimize use of offshore structure: OFFSHORE ADVISORY i) Engage in international trade among two or more countries in foreign market. ii) Engage in offshore consulting advisory iii) Purchase of offshore stock, bonds, forex or any kinds of financial instruments. iv) Establish an offshore holding company for listing on foreign stock exchange. v) Establish foreign branches, subsidiaries or representative offices vi) Acquire offshore real estate vii) Acquire registered ships or planes aboard viii) Acquire offshore trademark or patent from foreign companies. ix) Register offshore trademark or patent for royalty programme or franchising matters. If your business models fall into the above, so why might an onshore investment if it carries lesser advantages as compared to offshore investment? Main Practice Areas : OUR SERVICES Offshore Companies Formation, include but not limit to BVI, Bermuda, Brunei, Cayman Island, Labuan Incorporation of Foreign Companies, Subsidiaries, Branches, Representative Offices in Asia Pacific, Europe, Middle East, Africa, North America, Latin American and Caribbean. Offshore Tax Studies Offshore Structures Studies Offshore Double Tax Treaties Studies Offshore Dividend Studies Offshore Withholding Tax Studies Offshore Asset Protection Studies Offshore Virtual Office Supports Offshore Resident Secretary and Secretarial Services Provision of Offshore Registered Address Provision of Offshore Resident Director Provision of Offshore Nominee Shareholder Copyright TY TEOH INTERNATIONAL 10.1

19 "Well - Crafted Tax Solutions" Today tax has become an integral factor in business costing. Almost all business strategies and decision-making are affected by tax rules and regulations and companies always face a daunting task managing their tax requirements. TAX ADVISORY At TT, we offer well-crafted tax solutions and strategies to suit your organisation through identifying appropriate tax structure and tax incentive. Main Practice Areas : Our expertise in tax policies, up-to-date knowledge on tax issues or case, familiarity with the local practise of tax authorities and its development from time to time will optimise company's or group's tax benefits which in turn can significantly benefit your overall business in term of operation, profitability and competitiveness, etc. Corporate and Individual Tax Compliance and Tax Planning Indirect Tax Planning such as Sales Tax, Services Tax, GST, etc. Real Property Gain Tax International Tax and Cross-border Tax Planning Double Taxation Agreement Tax Investigation and Tax Field Audit including Pre-tax Field Audit Review Group Tax Restructuring Tax Exemption and Incentive Applications including Pioneer Status, MSC Status, Investment Allowances and Reinvestment Allowances, etc. Stamp Duty Planning and Stamp Duty Exemption Application Employee and Human Resource Tax Planning OUR SERVICES Copyright TY TEOH INTERNATIONAL 11

20 All Rights Reserved TY TEOH INTERNATIONAL SINGAPORE OFFICE No. 151 Chin Swee Road, #01-47/48 Manhattan House, Singapore T F E sg@tyteoh.com MALAYSIA JOHOR OFFICE No. 85-1A, Jln Bentara 20, Tmn Ungku Tun Aminah, Skudai, JB, Johor, Malaysia. T F E skudai@tyteoh.com No , Jalan Salleh, Muar, Johor, Malaysia T F E muar@tyteoh.com KUALA LUMPUR OFFICE No. 5B, Jalan SS25/12, Taman Desa Suria, Petaling Jaya, Selangor, Malaysia. T F E pj@tyteoh.com PERAK OFFICE No. 160A, Taman Desa Bintang II, Jln Lumut, Sitiawan, Perak, Malaysia. T F E sitiawan@tyteoh.com PENANG OFFICE Unit C, 14th Floor, Gurney Tower, No. 18 Persiaran Gurney 10250, Penang, Malaysia. T F E penang@tyteoh.com