EIGHTEENTH (18TH) ANNUAL GENERAL MEETING HELD ON 22 MAY 2020
QUESTIONS AND ANSWERS DISCUSSED AT THE 18TH AGM
Q1 : What is the impact of the COVID-19 to the Company’s business?
As a technology driven company, the impact of the COVID-19 to the Group is minimal.
The Movement Control Orders imposed by the Government has opened up an opportunity for e-commerce and social platforms which enable the Group to further expand its products and services to the market.
Q2 : What is the prospect and future plan of the Group ?
The Company will continue to upgrade its existing systems to capture new opportunities available in particular on e-commerce. At the same time, the Company has launched GemSpot Pro, which is catered to the needs of the F&B merchants specifically besides table reservation management, GemSpot Pro is poised to function as a one-stop growth partner to support F&B merchants by hosting a variety of in-house marketing services ranging from photoshoots, videography, copywriting and graphic designing to social media consultancy and event management.
Whilst NetX remain cautious over the outlook of the economy, the Group will continue to seek new business opportunities to invest in as it has adequate funds for such purposes. The Group will continue to reinvent and improve the business and will take affirmative steps to expand the Group’s scope of business operations globally in ensuring lasting sustainability and profitability for its business.
Q3 : What is the purpose of the Share Issuance Scheme (“SIS”)?
The SIS will be granted to the eligible employees of the Group for the purpose to retain the key personnel for future development of the Group.
NINETEENTH (19TH) ANNUAL GENERAL MEETING HELD ON 22 MAY 2020