Second Chance Properties Ltd

Our Corporate Footsteps

The Group traces its beginning as a sole proprietorship in 1975, when Mr. Mohamed Salleh Marican started a men’s tailoring business, which failed 4 months later. Restarting the same business five months on, he aptly named it Second Chance. It succeeded and within two years he had three outlets. Always dreaming of making it big, he realised the need to venture into other businesses.

In 1978, Mr. Salleh diversified into men’s ready-to-wear clothing under the brand name of Second Chance and by 1988 had twenty-five stores in Singapore and Malaysia. His biggest challenge came the following year when suddenly sales tumbled and many outlets became unprofitable. After understanding the causes and realising that the situation was insurmountable, Salleh made the painful decision to close all the stores. By 1992, the chain was down to four stores when he opened First Lady, a boutique retailing Malay ladies traditional clothing. The resounding success of First Lady let him to venture into retailing gold jewellery under the name of Golden Chance.

In 1997, Second Chance Enterprises was listed on SESDAQ, the second board of the Stock Exchange of Singapore. The Asian Financial Crisis of 1997 gave the Group an opportunity when property prices fell. The Group began purchasing prime retail properties at good value and the Company’s name was changed to Second Chance Properties to reflect its serious intention of making property its main core activity.

In March 2004, the Company was transferred to the Main Board of SGX. Today, rental income is the top contributor to Group’s profits. Mr Salleh believes his success is due to the backing of a strong team and the Group’s ability to overcome setbacks by making the right decisions that led the Company to bounce back to higher levels of success.

Our Board Of Directors

MOHAMED SALLEH MARICAN

Founder & CEO

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MOHAMED SALLEH MARICAN 71

Founder & CEO

Attended Victoria School Singapore 1962-1967 Drop out before “A” level Examination 1968-1971: served 3 years National Service and left with rank of Lieutenant.

Sole Proprietor from 15 June 1974 to 04 August 1986

Date of first appointment as a Director : 05 August 1986

Date of last re-election as a Director : 30 December 2013

Length of service as a Director (as at 31 August 2015): 29 years and 27 days

Board Committee(s) served on:Nominating Committee (Member) (Stepped down on 12 November 2014)

Present Directorships (as at 31 August 2014): Listed Companies: Nil

Other Principal Directorships: Temasek Cares CLG Limited since 25 May 2009 19 Wholly Owned Subsidiaries of the Group

Major Appointments (other than Directorships): Nil

Past Directorships held over the preceding 5 years: (01 September 2009 to 31 August 2015) Nil Others: 1988 – Inaugural Malay Businessmen Award, jointly organised by the Singapore Malay Chamber of Commerce and Berita Harian

1996 – Entrepreneurship Excellence Award Conferred by Lianhe Zaobao and the Entrepreneurship Development Centre of the Nanyang Technological University

2011 – Berita Harian Achiever of the Year 2011 Award

2012 – Ernst & Young Entrepreneur of the Year

2013 – Best CEO Singapore Corporate Award

2014 – Life Member of Fellow Singapore Institute of

Directors since 27 August 2014

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HASAN MARICAN

Deputy CEO

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HASAN MARICAN 68

Deputy CEO

Attended Victoria School 1967-1970 GCE ‘O’ Level

Date of first appointment as a Director : 02 March 1987

Date of last re-election as a Director : 31 October 2011

Length of service as a Director (as at 31 August 2015): 28 years 6 months

Board Committee(s) served on: Nil

Present Directorships (as at 31 August 2015): Listed Companies: Nil

Other Principal Directorships: 19 Wholly owned Subsidiaries of the Group

Major Appointments (Other than Directorship): Nil

Past Directorships held over the preceding 5 years: (from 01 September 2010 to 31 August 2015) Nil

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DEV PISHARODY

EXECUTIVE DIRECTOR

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DEV PISHARODY 63

EXECUTIVE DIRECTOR

Attended St. Patricks Secondary School 1970-1972 Bartley Secondary School 1973-1974 GCE ‘O’ Level

ber 1978: Served 3 1/2 years National Service Last rank attained – Sergeant

Date of first appointment as a Director : 02 March 1987

Date of last re-election as a Director : 31 October 2011

Length of service as a Director (as at 31 August 2015): 28 years 6 months

Board Committee(s) served on: Nil

Present Directorships (as at 31 August 2014): Listed Companies: Nil

Other Principal Directorships: Second Chance Investments Pte Ltd First Lady Apparels (Malaysia) Sdn Bhd

Major Appointments (Other than Directorship): City Plaza Management Corporation Strata Title No.669 – Treasurer

Sim Lim Management Corporation Strata Title No.1440 – Vice Chairman

Past Directorships held over the preceding 5 years:(from 01 September 2009 to 31 August 2015) Nil

Close Our Management Team

J RAJ MOHAMED

GROUP HEAD-ACCOUNTS AND FINANCE

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J RAJ MOHAMED (57)

GROUP HEAD-ACCOUNTS AND FINANCE

Mr.Raj has been with the group since 01 October 1995. Prior to joining the Group, he had 10 years of experience in accounts and auditing with an Audit Firm and Taj Group of Hotels (TATA Group). He is responsible for financial management, accounting functions of the Group. Mr.Raj also supports the Board in their strategic decision making process as well as the Group’s Corporate Financial and Risk Management and also responsible to maintain the portfolio of Group’s investment in Financial Instruments. In addition, he also assists in the general administration of the Group.

He graduated with a Master Degree of Commerce (Accounting and Finance) and holds Institute of Singapore Chartered Accountants (ISCA) Professional Certificate in Business Accounting for completion of ISCA Professional Business Accountant (PBA) Programme and also awarded with Certificate of Performance in Financial Management — School of Business and Accountancy.

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AMAL MARICAN

EXECUTIVE DIRECTOR OF FIRST LADY APPARELS (MY) SDN BHD

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AMAL MARICAN (35)

EXECUTIVE DIRECTOR OF FIRST LADY APPARELS (MY) SDN BHD

Mr. Amal Marican joined the Group on 15 September 2008. Prior to that, he has been continually exposed to the retail trade within the Group for 8 years. He is assisting the CEO in the general management and operations of First Lady Malaysia. His other responsibilities include Purchasing and Advertisements and Promotions.

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SAFIE BIN HUSSAIN

FIELD MANAGER

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SAFIE BIN HUSSAIN (58)

FIELD MANAGER

Mr. Safie Hussain has been with the Group since 1980. He started out in the Group as a sales staff. Between 1984 and 1989, he was one of the franchisee of 2nd Chance Men’s Store. He is now responsible for ensuring that the stores are run in accordance with the Group’s operational procedures and computerisation system. His new responsibility is to oversee the First Lady stores in Johor Bahru, Malaysia.

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AZLAN BIN MOHD SHAFIE

MANAGEMENT EXECUTIVE

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AZLAN BIN MOHD SHAFIE (45)

MANAGEMENT EXECUTIVE

Mr. Azlan Shafie joined the Group since 2000. He started out in the Group as Assistant Manager in Golden Chance. From September 2002 to July 2010, he joined First Lady Apparels (M) Sdn Bhd in Malaysia as the Executive Director. He assisted the CEO in the general management of the First Lady operations of the Group. His other responsibilities include Purchasing, Advertising and Promotions. Due to personal reasons, he left the company in August 2010 but re-joined the Group in October 2011. He is now a Management Executive in Singapore and his responsibilities include the general Purchasing, Advertising and Promotions for the Group and also assisting the CEO in the general management of the business.

Close We Value What We Believe In

We merge brain with brawn, modern with classic, and capital with insight to steer our Group through good times and uncertain period. We focus our strengths and overcome our weaknesses and build our resources towards new horizons of opportunities. Opportunities that will echo our values, our beliefs, our culture and convert these into profitable causes for the Group as well as beneficial impact on our surroundings and society as a whole.

SOCIALRESPONSIBILITY

FINANCIALPRUDENCE

CORPORATEETHICS

OPPORTUNISTIC GROWTH

CORPORATE SOCIAL RESPONSIBILITY

As part of each and every one’s efforts in the Group to be a good corporate citizen, we believe in giving back to society what we have gained. We will endeavour to spend at least 1% of our Group’s net profit of the preceding year on Corporate Social Responsibility (CSR) programmes. We shall strive to ensure that our resources are channelled to efforts or programmes we can all be proud of.

FINANCIAL PRUDENCE

We draw on our strong foundation of resources and operational competencies to compete on prudent cost measures, equipped with wise investment strategies at the knock of lucrative opportunities that will come our way. Our Group is ever striving to consolidate its assets and capabilities to capitalise on the latest market trends and business prospects that will help push our Group forward with minimal risks towards more growth and profitability.

CORPORATE ETHICS

Integrity and honesty are key ingredients to good corporate governance for our Group. We have introduced many schemes and practices over the years to ensure high standard of corporate governance. A Casino Self-Exclusion Policy that is mandated for all executive directors and key management personnel and a well-received Whistle Blower Policy for all (from top management to the staffs on the retail floor) provided strong deterrence to any potential breakdown in our pursuit for governance excellence. The Fraud Prevention Framework, led by the CEO, is a continuous process where we identify, discuss and create application policies to counter any potential fraud risks that may affect our Group’s reputation, financial and governance standings.

OPPORTUNISTIC GROWTH

We are always identifying potential opportunities for the Group. We have plans to launch an online ecommerce portal selling apparels and accessories. The apparel business has been our pioneer core unit for the last 40 years and we can amplify and augment our decades of know-how and experiences by positioning ourselves as an established online retailer to reach more potential customers.

The operational Mega First Lady in KL, Malaysia, has proven to be an exciting opportunity for the Group to study the potential of having multiple mega buildings in the Peninsula, with fresh business models – while closing down small marginally profitable outlets.

A Glimpse At Our Portfolio

CONSOLIDATING FOR TOMORROW’S GROWTH

We feel the future pulsating for more growth with key planning in our businesses to consolidate our strengths and resources as we remain poised in challenging times.

PROPERTYINVESTMENTS

FINANCIALINVESTMENTS

APPARELRETAIL

GOLD JEWELLERY RETAIL

PROPERTY INVESTMENT

Property investment is a cyclical business and we are taking an opportunistic approach to it. We believe that the property cycle has reached its peak and forecasting that it will slide off the curve. We plan to put on hold our expansion in the current property mood and shall move in again when opportunity arises or when we believe the time is right.

As of Aug 2015, the appraised value of our properties is S$220.8 million with a net lettable area of 43.701sq ft and a 100% occupancy rate. Visit here to see the list of our properties as FY 2015.

FINANCIAL INSTRUMENT

The company and one of its subsidiaries invest in stocks, mainly REITS for the long term. Through another subsidiary, we trade in bonds and stocks. This segment recorded a profit of S$2.27 million in FY 2015 with contribution of revenue amounting to S$5.21 million.

APPAREL RETAIL

We believe that bigger and more sophisticated specialty retail stores would be the way to go in the future. A newly acquired 10-storey building in a prime area in Kuala Lumpur was turned into our maiden Mega First Lady. With plans to have more specialty retail stores in Malaysia and the region, we will be able to improve our economies of scale and operative grip for our retail sector.

GOLD RETAIL

Our sole gold retail outlet in Singapore contributed over S$15 million in revenue for FY 2015. The future outlook for retailing in gold might not be as profitable as the past, however, we continue to dominate the Malay market in Singapore amidst the trend fluctuations of consumer gold purchases.

WHISTLE BLOWER POLICY REWARD SCHEME

As part of the Company’s continuous effort to ensure that good corporate governance practices are being adopted, the Company has also implemented a “Whistleblower” Policy to provide an avenue for employees, suppliers, tenants and customers to voice their grievances or concerns about any malpractices involving the Company without any fear or repercussions. More so, the Company has even implemented a strong deterrent by offering a cash reward to any person whether employees, suppliers, business associates or the general public who provides specific, reliable and credible information or evidence of fraudulent activities by any of the Company’s Executive Director and Management Team as listed in the Company’s Annual Report ($50,000 cash reward) and all other employees (up to $2,000 cash reward) which leads to admission of guilt by the accused or leads to successful prosecution. Second Chance Properties Pte. Ltd. requires its directors, managers and employees to observe high standards of business and personal ethics in the conduct of their duties and responsibilities. We must practice honesty and integrity in fulfilling our responsibilities and comply with all applicable laws and regulations. We believe that people are generally honest and ethical in their business dealings. We are obliged to ensure that this is practiced within the organization.

OUR CONTACT

REGISTERED OFFICE

60 Paya Lebar Road #07-20 Paya Lebar Square Singapore 409051 Telephone: 67456911 Facsimile: 67456955

Email: [email protected]

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