COMMERCE DOTASIA VENTURES

Dear Investors,

Commerce DotAsia Ventures Sdn. Bhd. (“Commerce.Asia”) is pleased to present to our investors on Directors’ Report and Audited Financial Statements for the financial year ended 31 December 2021.

A copy of the 2021 Directors’ Report and Audited Financial Statements can be downloaded through the link below:

https://drive.google.com/file/d/1N44AJlrXjzG1OW2K_4gvBKWVparHeQWa/view?usp=sharing

Should you have any questions or if you require any form of assistance, please do not hesitate to contact the following:

Foo Kiat : [email protected] or +6012-227 1688

Thank you.

Dear Investors,

Commerce DotAsia Ventures Sdn. Bhd. (“Commerce.Asia”) is pleased to update our investors on our progress for 2021 (January 2021 to December 2021).

A copy of the 2021 Report can be downloaded through the link below:

https://drive.google.com/file/d/1qq6Pek4UP8dfAZYFIY6L8FMFRcRAyCZP/view?usp=sharing

In addition, we have also prepared our Unaudited Financial Results for 12 months period ended December 2021 and Budget for 2022 which are available in Appendix A:

https://drive.google.com/file/d/1wOl3BUXuECDL4xiR6ucFV0Ji6HSsd4_6/view?usp=sharing

Please note that the 2021 financial results provided are unaudited and subject to finalization. The 2022 Budget is subject to change based on operational performance and market conditions; amongst other factors. As scheduled, we expect to provide the audited financial results to investors by end of April.

Should you have any questions or if you require any form of assistance, please do not hesitate to contact the following:

Foo Kiat : [email protected] or +6012-227 1688

Thank you.

Dear Investors,

Commerce DotAsia Ventures Sdn. Bhd. (“Commerce.Asia”) is pleased to update our investors on our progress for Half Year 2021 (January 2021 to June 2021).

We are pleased to announce that Commerce.Asia’s Group Revenue grew 89% to RM9.08million in the First Half of 2021. The Group also achieved a positive EBITDA of RM1.56 million and a Net Profit Before Tax And Minority Interests of RM1.10 Million in the first half of 2021.

A copy of the H1 2021 Report can be downloaded through the link below:

https://drive.google.com/file/d/13SCYqW6IMN9kFaksW5J5A-SD8L_Uvtvv/view?usp=sharing

In addition, we have also prepared our Unaudited Financial Results for H1 2021 which is available in Appendix A  and can be downloaded in the link below:

https://drive.google.com/file/d/1Q2_oLPHMZPKflLSsvE9PXlY3N2J1XAEB/view?usp=sharing

Should you have any questions or if you require any form of assistance, please do not hesitate to contact the following:

Foo Kiat : [email protected] or +6012-227 1688

Thank you.

Dear Investors,

Commerce DotAsia Ventures Sdn. Bhd. (“Commerce.Asia”) is pleased to present to our investors on Directors’ Report and Audited Financial Statements for the financial year ended 31 December 2020.

A copy of the 2020 Directors’ Report and Audited Financial Statements can be downloaded through the link below:

https://drive.google.com/file/d/1Mdq_HmaUQJjGPfnTDfPRystwVBnVGbLM/view?usp=sharing

Please note that the financial statements does not consolidate the revenue for all subsidiaries and additional investments made for the entire period as some investments were made or equity increased during the financial year. For fully consolidated revenue of the Group, please refer to note 7(f) of the financial statements.

Should you have any questions or if you require any form of assistance, please do not hesitate to contact the following:

Foo Kiat : [email protected] or +6012-227 1688

Thank you.

Dear Investors,

Commerce DotAsia Ventures Sdn. Bhd. (“Commerce.Asia”) is pleased to update our investors on our progress for 2020 (January 2020 to December 2020).

A copy of the 2020 Report can be downloaded through the link below:

https://drive.google.com/file/d/19aDpT79zuITz5dLL2Ht-Al5IiYlwN9kX/view?usp=sharing 

In addition, we have also prepared our Unaudited Proforma Financial Results for 2020 and Budget for 2021 which are available in Appendix A.

(https://drive.google.com/file/d/1oDuv7G9oAwUd7cdzFB3n9SqxhZumcCyT/view?usp=sharing).

Please note that the 2020 financial results provided are proforma numbers, unaudited and subject to finalization. The 2021 Budget is subject to change based on operational performance and market conditions; amongst other factors. As scheduled, we expect to provide the audited financial results to investors by end of April.

Should you have any questions or if you require any form of assistance, please do not hesitate to contact the following:

Foo Kiat : [email protected] or +6012-227 1688

Thank you.

Dear Investors,

Commerce DotAsia Ventures Sdn. Bhd. (“Commerce. Asia”) is pleased to provide our management accounts for the 6 months ended 30 June 2020; which can be downloaded at 

https://drive.google.com/file/d/14U2rLrWHCLHY8Q33SB9VE74hYHPxQ5EY/view?usp=sharing

For this particular report, we have provided the financial result breakdown by quarter to provide a better understanding of Commerce.Asia’s financial performance in light of the Covid-19 crisis.

Thank you.

Dear Investors

Commerce DotAsia Ventures Sdn. Bhd. (“Commerce.Asia”) would like to update our investors on our progress for Quarter 2, 2020 (April to June 2020).

A copy of the Q2 Report can be downloaded through the link below:

https://drive.google.com/file/d/1CO4RRG61RX8zmU6nPz7jHp8tkqzdY-IQ/view?usp=sharing

Should you have any questions or if you require any form of assistance, please do not hesitate to contact the following:

Foo Kiat : [email protected] or +6012-227 1688

Thank you.

Dear Investors,

We have finalised our accounts for the 12 months ending 31 December 2019; which is available at https://drive.google.com/file/d/1S9XkYCKaP8qCWqacAN9zMNetY69_J9jh/view?usp=sharing.

These accounts does not consolidate all subsidiaries and investments made for the entire period as some investments were made or equity increased during the financial year.

For comparison purposes, we have prepared a 12 month Proforma Consolidated Statement of Comprehensive Income (P&L) for 2019 that consolidates all current and new signed acquisitions of the group. This is available in Appendix A which can be downloaded at https://drive.google.com/file/d/1UPabV1U3jqF2ZUXhu0IaAjwstQ3BKB8o/view?usp=sharing

In addition, we have also prepared a budget for 2020 and 2021 based on the updated business plan which is included in Appendix A. Please take note that the budget is subject to change based on operational performance and market conditions; amongst other factors.

Thank you.

Dear Investors

Commerce DotAsia Ventures Sdn. Bhd. (“Commerce.Asia”) would like to update our investors on our progress for Quarter 1, 2020 (January to March 2020).

A copy of the Q1 Report can be downloaded through the link below:

https://drive.google.com/file/d/1UV5Z5LASV2xdye9x5jUz_SN9VNJflTSV/view?usp=sharing

Should you have any questions or if you require any form of assistance, please do not hesitate to contact the following:

Foo Kiat : [email protected] or +6012-227 1688

Thank you very much for your trust and effort in investing into Commerce.Asia.

Dear Investors

Commerce DotAsia Ventures Sdn. Bhd. (“Commerce.Asia”) would like to update our investors on our progress for Quarter 4, 2019 (October to December 2019).

A copy of the Q4 Report can be downloaded through the link below:

https://drive.google.com/file/d/1s_GTHGetmNKKmm3l4GWzPzQLEg4dZw_a/view?usp=sharing 

Should you have any questions or if you require any form of assistance, please do not hesitate to contact the following:

Foo Kiat : [email protected] or +6012-227 1688

Thank you very much for your trust and effort in investing into Commerce.Asia.

Dear Investors

Commerce DotAsia Ventures Sdn. Bhd. (“Commerce.Asia”) would like to update our investors on our progress for Quarter 3, 2019 (July to September 2019).

A copy of the Q3 Report can be downloaded through the link below:

https://drive.google.com/file/d/1TAX_e8S2c5B12fjP92pH8EWGmQM6J7Sr/view?usp=sharing

Should you have any questions or if you require any form of assistance, please do not hesitate to contact the following:

Foo Kiat : [email protected] or +6012-227 1688

Thank you very much for your trust and effort in investing into Commerce.Asia.

Dear Investors,

Commerce DotAsia Ventures Sdn. Bhd. (“Commerce.Asia”) would like to update our investors on our progress for Quarter 2, 2019 (April to June 2019).

A copy of the Q2 Report can be downloaded through the link below:

https://drive.google.com/file/d/17ffGHCKEkBOzXSGuq7R-8VTaPox5E2Xk/view?usp=sharing

Should you have any questions or if you require any form of assistance, please do not hesitate to contact the following:

Foo Kiat : [email protected] or +6012-227 1688

Prema: [email protected] or +6016-660 0149

Thank you very much for your trust and effort in investing into Commerce.Asia.

Dear Investors,

Commerce DotAsia Ventures Sdn. Bhd. ("Commerce.Asia") would like to update our investors on our progress for Quarter 1, 2019 (January to March 2019).

A copy of the Q1 Report can be downloaded through the link below:

https://drive.google.com/file/d/1aGMvLSxPqN4xgkl68p_iFmfDHrHfh04Y/view?usp=sharing   

Should you have any questions or if you require any form of assistance, please do not hesitate to contact the following:

Foo Kiat : [email protected] or +6012-227 1688

Prema: [email protected] or +6016-660 0149

Thank you very much for your trust and effort in investing into Commerce.Asia.

Dear Investors, 

We have finalised our accounts for our first 17 months of full operations, which is available at https://drive.google.com/file/d/1jLLgb_ApL_9FPSqNXcZCnLxYj6bulm-G/view?usp=sharing. According to the audited accounts, the group achieved a revenue of RM1,179,916 and a net loss position of RM3,601,726 for the 17 months ending 31.12.2018. This accounts does not consolidate all subsidiaries and investments made for the period as some investments were made during the financial year.

The revenue is lower than forecasted as a number of government training programs were deferred or cancelled in the last half of 2018 due to the change in government. Moving forward, the group has reduced its dependency on government funded training programs and has been focussing on corporate innovation programs for Commerce.Asia Accelerator. In addition, the recently announced Panpages Lab acquisition also diversifies the group's revenue and income base.

For comparison purposes, we have prepared a 12 month Proforma Consolidated Statement of Comprehensive Income (P&L) for 2018 that consolidates all current and new investments of the group that is available in Appendix A which can be downloaded at https://drive.google.com/file/d/1JkmmbXf-t_PhJtq3TuQVDbgV8Y_sZX4i/view?usp=sharing. This P&L consolidates for the whole year, 60% subsidiary Let Me Store Sdn. Bhd. and 25% associate Commerce DotAsia Data Holdings Sdn. Bhd. which owns Panpages Lab and will become a 65% subsidiary pursuant to a call option.

In addition, we have also prepared a budget for 2019 and 2020 based on the updated business plan including Panpages Labs which is included in Appendix A. Please take note that the budget is subject to change based on operational performance and market conditions; amongst other factors.

Dear Investors,

Commerce DotAsia Ventures Sdn. Bhd. ("Commerce.Asia") would like to update our investors on our progress for Quarter 4, 2018 (October to December 2018).

A copy of the Q4 Report can be downloaded through the link below:

https://drive.google.com/file/d/1zEUjM5_TkXBOxkZ_zeby9PQ0yBlig8C4/view?usp=sharing

Should you have any questions or if you require any form of assistance, please do not hesitate to contact the following:

Foo Kiat : [email protected] or +6012-227 1688

Prema: [email protected] or +6016-660 0149

Thank you very much for your trust and effort in investing into Commerce.Asia.

Dear Investors, 

Commerce DotAsia Ventures Sdn. Bhd. ("Commerce.Asia") would like to update our investors on our progress for Quarter 3, 2018 (July to September 2018).

A copy of the Q3 Report can be downloaded through the link below:

https://drive.google.com/file/d/1IPoSy90b8pmF_IMXeNlfJ7eIZvDuLI0I/view?usp=sharing

Should you have any questions or if you require any form of assistance, please do not hesitate to contact the following:

Foo Kiat : [email protected] or +6012-227 1688

Prema: [email protected] or +6016-660 0149

Thank you very much for your trust and effort in investing into Commerce.Asia.