To improve transparency and accountability, will the board ensure that Rajah Law Firm (Rajah & Tann) and PwC Risk Services announce the findings before the shareholders' meeting? If not, when will the results and follow-up actions be reported to the public?

Third, in response to the major shareholder’s request to appoint four new directors, what screening criteria are the company used to select Asian Corporate Advisors Pte Ltd to evaluate the suitability and independence of the proposed director candidate? When does the consulting firm expect to complete the evaluation of the four candidates? Does shareholders have enough time to review the evaluation report before voting?

The Securities Investment Association first lists the issues regarding inconsistent data in the annual report. As of fiscal year 2024, the company's manufacturing business operating in Singapore lost 2.83 million yuan, but in the "Operation Review", the group stated that the pre-tax profit of the related businesses was 1.2 million yuan, reversing the loss of 6.9 million yuan the previous year. In this regard, the Securities and Investment Commission asked the management to explain the contradictions there were.

In addition to the existing investigation, has the board learned that the company, SGX RegCo or other regulatory and law enforcement agencies are conducting other investigations? In addition, the company announced on April 1 this year that it will take legal action against six people and claim compensation. What progress has been made?

The second question involves the subsidiary Fu Yu Supply Chain Solutions (FYSCS) being ruled to pay US$1.67 million (approximately S$2.14 million) to Evertree Hongkong, including claims, accrued interest, and legal and arbitration costs. FYSCS has ceased operations in the last quarter of fiscal year 2024. The Securities Investment Corporation wants to know whether the company is able to repay the money, whether it is currently entering the liquidation process, and whether it has fulfilled its relevant payment obligations.

This is the second time that the Securities Investment Association has questioned Fuyu Group this year. In early January this year, the Securities and Investment Commission raised eight questions to the company, including the reason why the nomination committee refused major shareholders to join the board of directors.

Fuyu Group's share price fell 1.04% on Monday and closed at 0.095 yuan.

The Singapore Securities Investors Association (SIAS) issued three questions to Fu Yu Corporation, a manufacturer of precision injection molding and plastic parts, requiring the group to answer one by one regarding some information inconsistent in the financial report of the 2024 fiscal year, compensation for wholly-owned subsidiaries, and the board of directors.

In addition, the Securities Investment and Investment Association also requires the group to inform whether the board of directors is still operating normally and whether there are any interferences in making decisions or performing key responsibilities? Has this board storm affected the group's daily operations, decision-making or strategic execution?

In addition, the group's revenue from China in fiscal year 2024 was RMB 32.1 million, lower than RMB 36.5 million in fiscal year 2023. Has the board assessed the current tense geopolitical situation, including the potential risks posed by Sino-US trade restrictions?

President of the Securities Investment Association David Gerald issued a statement on Monday (June 16) stating that Fuyu Group will hold its annual general meeting (AGM) on June 27. Shareholders should pay attention to several key issues, including whether the group will announce the internal audit results of the supply chain service department before the shareholders' meeting is held, as well as the current status of the board of directors.

Group's supply chain management service business was terminated in fiscal year 2024, with a cumulative loss of 5.77 million yuan in two years. Can the board of directors disclose the total investment amount of the business since 2021 and the cumulative profit and loss so far? What lessons does the board learn from mistakes in investment discipline, review processes and risk governance? Is management responsible for this, and how will these experiences help future capital allocation decisions?