Tillkännagivande • Jul 22
Usp Group Limited Announces Appointment of Joint Company Secretaries, Effective July 22, 2026 USP Group Limited announced the appointment of Mr. Leow Yong Kin and Ms Kiar Lee Noi as Joint Company Secretaries of the Company with effect from July 22, 2026. Tillkännagivande • Jun 16
USP Group Limited Announces Resignation of Sim Mong Keang as Independent Director, Chairman of Audit Committee, Member of Nominating Committee, and Member of Remuneration Committee USP Group Limited announced that the resignation of Sim Mong Keang as Independent Director, Chairman of Audit Committee, Member of Nominating Committee, Member of Remuneration Committee. Other DirectorShips Past: ZACD Group Ltd. Boldtek Holdings Limited Trans-Cab Holdings Ltd. Doxa Holdings International Pte. Ltd. K2C Capital Pte. Ltd. Legend Property Private Limited Oden Technology Pte. Ltd. (struck off) HomesToLife Ltd. Achieva Tech Allianz Pte. Ltd. Other DirectorShips Present: Listed Entities: Global Invacom Group Limited Serial Achieva Limited Meta Health Limited Non-Listed Entities: I2 Capital Pte. Ltd. Maximus Fortune Pte. Ltd. CESK Capital Pte. Ltd. FSK Advisory Pte. Ltd. Chao Dao Ventures Pte. Ltd. Achieva Technology Sdn Bhd Achieva Digital (Thailand) Company Limited Achieva Digital Pte. Ltd. Achieva Cloud Services Pte. Ltd. Reason For Cessation: Following his acceptance of two additional directorship appointments, Mr. Sim has reviewed his existing board commitments and decided to step down from the board of directors of the Company in order to effectively manage his overall directorship responsibilities and devote sufficient time to his various appointments. Tillkännagivande • Jan 22
USP Group Limited Announces Resignation of Mr. Neu Wee Teck as Chief Operating Officer USP Group Limited announced the resignation of Mr. Neu Wee Teck as Chief Operating Officer. Mr. Neu is responsible for overseeing and managing the overall administrative and operational functions of the Company and its subsidiaries which includes developing, establishing and implementing the Group's operating policies and business plan. Other Director Ships Present: 1. Social Collider 2. Social Collider Education Consultancy 3. Fairmarch 4. JDN19 5. Lion City Inclusive Chess. Reason For Cessation: Pursue personal interest. Tillkännagivande • Dec 15
USP Group Limited Appointment of Neu Wee Teck as Acting Group Chief Operating Officer USP Group Limited announced that the Board has approved the appointment of Mr. Neu Wee Teck as Acting Group Chief Operating Officer of the Company after taking into account his experience and ability to contribute to the Company. This appointment if executive. Mr. Neu is responsible for overseeing and managing the overall administrative and operational functions of the Company and its subsidiaries which includes developing, establishing and implementing the Group's operating policies and business plan. Working Experience: UNDP, Visiting Professor Quest Ventures, Venture Partner Social Collider, Chief Executive Officer Ministry of Education, Educator Flextronics International Limited, Diversity and Inclusion Global Lead Professional Qualifications: 1. Masters in Business Administration, Tsinghua University and MIT 2. Nanyang Technological University- Postgrad Diploma 3. National University of Singapore- BA. Board Change • Dec 13
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Chung Khang Chan is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 08
USP Group Limited to Report Fiscal Year 2022 Results on Jan 07, 2024 USP Group Limited announced that they will report fiscal year 2022 results Pre-Market on Jan 07, 2024 Tillkännagivande • Sep 23
USP Group Limited Announces Resignation of Tan See Leng as Chief Operating Officer USP Group Limited announced the resignation of Mr. Tan See Leng as Chief Operating Officer. Mr. Tan was responsible for overseeing and managing the overall administrative and operational functions of the Company and its subsidiaries including developing, establishing, and implementing the Group's operating policies and business plans. The job and responsibilities of Mr. Tan will be assigned to other key management personnel of the Group subsequent to his cessation as Chief Operating Officer. He was a Director of Supratechnic Pte Ltd, Biofuel Research Pte Ltd, Koon Cheng Development Pte Ltd, Theme A Investment Holdings Pte Ltd. and Scientific & Industrial Instrumentation Pte Ltd. Reason For Cessation: Pursue new business interests. Reported Earnings • Sep 14
Full year 2023 earnings released: S$0.018 loss per share (vs S$0.08 profit in FY 2022) Full year 2023 results: S$0.018 loss per share (down from S$0.08 profit in FY 2022). Revenue: S$36.8m (down 10% from FY 2022). Net loss: S$1.57m (down 122% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Sep 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (S$11.2m market cap, or US$8.27m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Large one-off items impacting financial results. Tillkännagivande • May 13
USP Group Limited Announces Resignation of Aileen Oh Ai Li as Group Legal Counsel USP Group Limited announced the resignation of Aileen Oh Ai Li as Group Legal Counsel. Ms Oh is responsible for overseeing the legal and corporate matters for the Group. Resigned to pursue other interests. Tillkännagivande • Feb 16
USP Group Limited Appoints Caroline Wang Zixu as Independent Non-Executive Director, Member of the Remuneration, Nominating, and Audit and Risk Management Committee The board of directors of USP Group Limited announced the following changes with immediate effect. Ms. Caroline Wang Zixu (Ms Wang) has been appointed as independent non-executive director of the company. Upon appointment, Ms. Wang will be a member of the remuneration, nominating, and audit and risk management committee. Changes In Composition Of Board: Consequent to the changes, the composition of the board and board committees of the company will be as follows: Board of Directors: Tanoto Sau Ian - Executive Director and Chief Executive Officer; Djohan Sutanto - Independent Non-Executive Director; Tang Mun Tak - Independent Non-Executive Director; Tay Lak Khoon - Non-Independent Non-Executive Director Caroline Wang Zixu - Independent Non-Executive Director. Audit and Risk Management Committee: Tang Mun Tak (Chairman); Djohan Sutanto (Member); Caroline Wang Zixu (Member). Nominating Committee: Tang Mun Tak (Chairman); Djohan Sutanto (Member); Caroline Wang Zixu (Member). Remuneration Committee: Djohan Sutanto (Chairman); Tang Mun Tak (Member); Caroline Wang Zixu (Member). Tillkännagivande • Jan 13
USP Group Limited Announces Board Changes USP Group Limited announced that Mr. Joseph Tan Chin Aik has resigned from his position as Independent Non-Executive Director of the Company. Consequent to the abovementioned changes, the composition of the Board and Board Committees of the Company will be as follows: Board of Directors: Tanoto Sau Ian Chief Executive Officer, Executive Director and Managing Director, Djohan Sutanto Independent Non-Executive Chairman, Tang Mun Tak Independent Non-Executive Director, Tay Lak Khoon Non-Independent Non-Executive Director. Audit and Risk Management Committee: Tang Mun Tak (Chairman) and Djohan Sutanto (Member). Nominating Committee: Tang Mun Tak (Chairman) and Djohan Sutanto (Member). Remuneration Committee: Djohan Sutanto (Chairman) and Tang Mun Tak (Member). Reported Earnings • Dec 04
Second quarter 2023 earnings released: EPS: S$0.01 (vs S$0.013 in 2Q 2022) Second quarter 2023 results: EPS: S$0.01 (down from S$0.013 in 2Q 2022). Revenue: S$10.6m (flat on 2Q 2022). Net income: S$932.0k (down 20% from 2Q 2022). Profit margin: 8.8% (down from 11% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO, MD & Executive Director Sau Ian Tanoto is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Sep 29
USP Group Limited Announces Promotion of Mr. Tan See Leng as Chief Operating Officer USP Group Limited announced promotion of Tan See Leng as Chief Operating Officer. The promotion of Mr. Tan See Leng to Chief Operating Officer was recommended by the Nominating Committee of the Company and approved by the Board upon review of Mr. Tan's qualifications and experience. The Board is of the view that Mr. Tan can contribute to the growth of the Company. Role And Responsibilities Executive. Mr. Tan is responsible for overseeing and managing the overall administrative and operational functions of the Company and its subsidiaries which includes developing, establishing and implementing the Group's operating policies and business plans. Professional Qualifications is Master of Divinity, TCA College Bachelor of Theology, TCA College Floor Broker Qualification Programme by SIMEX Professional Diploma in Business, CES Academy Diploma in Tourism (Event Management and Operations), WSQ Programme. Board Change • Sep 22
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO, MD & Executive Director Sau Ian Tanoto is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 09
First quarter 2023 earnings released First quarter 2023 results: Revenue: S$9.46m (down 2.9% from 1Q 2022). Net income: S$492.0k (down 32% from 1Q 2022). Profit margin: 5.2% (down from 7.4% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jun 18
Usp Group Limited Announces Change of Company Secretary The Board of Directors of USP Group Limited announced the appointment of Ms. Zhan Aijuan as Company Secretary of the Company, in place of Mr. Tan Wee Sin, with effect from 17 June 2022. Board Change • May 12
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. CEO, MD & Executive Director Sau Ian Tanoto is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: S$10.4m (down 2.4% from 3Q 2021). Net income: S$272.0k (down 84% from 3Q 2021). Profit margin: 2.6% (down from 16% in 3Q 2021). Tillkännagivande • Apr 03
USP Group Limited Announces Resignation of Teong Hwee Ting as Group Financial Controller USP Group Limited announced Following the cessation of Ms. Teong Hwee Ting as Group Financial Controller, the Company has taken necessary steps to ensure that succession planning is in place. The Company has, on 30 March 2022, appointed an accounting consultant to oversee the Group's financial, accounting, treasury and tax prepared by the Company's financial controller. Ms. Teong is responsible for overseeing the financial and accounting management and reporting of the Group including compliance with necessary rules and regulations. Board Change • Mar 14
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. CEO, MD & Executive Director Sau Ian Tanoto is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: S$0.013 loss per share (up from S$0.07 loss in FY 2020). Revenue: S$34.1m (down 13% from FY 2020). Net loss: S$1.25m (loss narrowed 81% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Feb 15
USP Group Limited, Annual General Meeting, Feb 28, 2022 USP Group Limited, Annual General Meeting, Feb 28, 2022, at 11:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and the Audited Financial Statements of the Company for the financial year ended 31 March 2021 together with the Auditors' Report thereon; to consider re-election of executives; to approve the payment of Directors' fees of SGD 241,527.12 for the financial year ending 31 March 2022; and to re-appoint Baker Tilly TFW LLP as the Auditors of the Company. Board Change • Feb 09
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Chairman Djohan Sutanto is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jan 03
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Chairman Djohan Sutanto is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Executive Departure • Feb 11
Company Secretary has left the company On the 5th of February, Josephine Toh's tenure as Company Secretary ended after less than a year in the role. We don't have any record of a personal shareholding under Josephine's name. A total of 12 executives have left over the last 12 months. Tillkännagivande • Feb 06
USP Group Limited Announces Executive Changes USP Group Limited announced the resignation of Ms. Josephine Toh as Secretary of the Company with effect from 5 February 2021. Mr. Tan Wee Sin will be appointed as Secretary of the Company in place of Ms. Josephine Toh with effect from 5 February 2021. Reported Earnings • Feb 05
Third quarter 2021 earnings released The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: S$10.7m (down 18% from 3Q 2020). Net income: S$1.67m (up S$1.80m from 3Q 2020). Profit margin: 16% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jan 21
USP Group Limited, Annual General Meeting, Feb 05, 2021 USP Group Limited, Annual General Meeting, Feb 05, 2021, at 15:00 Singapore Standard Time. Agenda: To consider the directors statement and audited financial statements for the financial year ended March 31, 2020; to consider the re-election of directors; to consider the approval of pro-rated directors' fees amounting to SGD 20,000 for the financial year ended 31 March 2020; to consider the approval of directors fees amounting to SGD 220,000 for the financial year ending 31 March 2021, to be paid quarterly in arrears; and to consider the re-appointment of Baker Tilly TFW LLP. Tillkännagivande • Nov 24
USP Group Limited Appoints Aileen Oh Ai Li as Group Legal Counsel USP Group Limited announced that Board has considered amongst others, the recommendation of the Nominating Committee and has reviewed and considered Ms. Aileen Oh Ai Li, possesses the requisite qualifications and experience to carry out her duties as the Group Legal Counsel of the Company. She has 9 years of legal experience in general, civil and commercial litigation. 
