9 Annual Report 2024 MESSAGE TO STAKEHOLDERS sporting activities, such as football and surf lifesaving, throughout Australia. In Singapore, we granted a total of 25 bursaries to local education institutions and supported our staff with their families’ education expenses. In 2024, we donated S$84,000 to various community groups. In addition, we continued rendering our support to Yellow Ribbon Singapore as part of our commitment to help inmates and ex-offenders rebuild their lives and lower their recidivism rate through skills and long-term career development. We will continue to champion good corporate social responsibility and seek to empower underprivileged groups, while enriching communities through staff volunteerism. GENERATING SUSTAINABLE RETURNS FOR STAKEHOLDERS For the past 37 years, our proven track record of delivering profitable growth in the form of consistent dividend payouts highlights our commitment to creating long-term value for shareholders. On the back of the Group’s commendable FY2024 financial performance, the Board of Directors has recommended a final one-tier tax-exempt dividend of 1.15 Singapore cents per ordinary share, subject to shareholders’ approval at the upcoming Annual General Meeting. Together with the interim dividend of 1.25 Singapore cents per ordinary share paid earlier in the year, this translates to a total dividend payout of 2.4 Singapore cents per ordinary share, representing 64% of the Group’s FY2024 net profit. APPRECIATION AND ACKNOWLEDGEMENTS Our success would not have been possible without the contributions of many. We would like to express our heartfelt appreciation to our Board of Directors for their leadership and guidance, taking the business to new heights in 2024. We would also like to thank our customers and business partners for their continued support and trust. To our shareholders, thank you for your confidence in CSE Global. On behalf of the Board, we express our gratitude to Mr Lim Ming Seong, who stepped down as Chairman after years of invaluable contributions to the company. We would also like to thank Mr Sin Boon Ann for his invaluable contributions during his tenure as Non-Executive Independent Director. We extend a warm welcome to Mr Tang Wai Loong Kenneth on his appointment to the Board as a NonExecutive Independent Director. Last but not least, our deep appreciation towards the management team and staffs for their contributions to our continued growth and robust FY2024 performance. Despite ongoing uncertainties in the macroeconomic environment, we remain confident in our solid fundamentals and well-honed capabilities. We remain committed to creating sustainable value for all stakeholders and further growing the business in FY2025. TED TAN TECK KOON Chairman LIM BOON KHENG Group Managing Director/ Chief Executive Officer
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