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Established in 1976, Kingsmen is a leading creator of experiences, with a global network of 18 offices and full service facilities serving global clients in Events & Exhibitions, Thematic & Attractions, Retail & Corporate Interiors, Research & Design, and Experiential Marketing.

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Benedict Soh
Chairman

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Extracted from Annual Report 2023

Dear Shareholders,

As we reflect on the past year, I am heartened by the hard work and dedication displayed by our team, and I extend my sincere appreciation to all stakeholders for their continued support. We remained steadfast in our commitment to excellence in innovation and process improvement, amidst the challenges that we encountered.

While our markets have shown signs of recovery, it is essential to acknowledge that the effects of recent global events have influenced market dynamics, subsequently impacting our operations and financials. This is particularly telling as bad debts of a few major clients have negatively impacted our bottom line, despite improvements in our top lines across all sectors.

As we chart our course forward, our focus remains on our strategic priorities and the opportunities in our markets. In a rapidly evolving market, staying ahead of the curve and remaining relevant to the market are imperative. We are dedicated to driving innovation, harnessing the potential of digital technologies such as generative AI and embracing sustainability as core tenets of our business strategy.

Our commitment to the development of our capabilities remains. We recognise the importance of nurturing talent, fostering a culture of continuous learning, and investing in our people to ensure our sustained success.

In our Intellectual Property ("IP") business sector, we are witnessing a resurgence in the attractions industry, particularly in key regions like the US, Europe and North Asia. Notably, we are eagerly anticipating the opening of multiple branded IP attractions, like Nerf Action Xperience and Planet PlaySkool, slated for launch in the US and/or China in 2024 and 2025. We remain steadfast in our commitment to acquiring and developing innovation branded IP concepts to meet the evolving preferences of consumers and lifestyle trends.

Furthermore, we are resolute in our commitment to minimising our environmental footprint and making a positive impact on the communities we serve. In 2023, we achieved a significant milestone with the attainment of the ISO 202121:2012 certification for sustainable event management, underscoring our dedication to environmental stewardship and responsible business practice.

In line with the Group's policy of distributing its profits to loyal shareholders, the Board of Directors has proposed a final dividend of 1.0 cent per ordinary share. As we embark on the next phase, I am filled with confidence and optimism for the future. Together, we will build upon our past successes, leveraging our collective strengths and expertise to achieve even greater heights.

Finally, I wish to part with a vote of thanks to all employees, stakeholders and shareholders for their cooperation and support.

BENEDICT SOH
Chairman

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Benedict Soh
Chairman

Benedict Soh is dedicated to honing the Group's leadership capabilities and human capital, in addition to his role in charting the Group's strategic direction and exploring new business opportunities. One of two founders of the Group, he has contributed significantly to its growth and has over 40 years of experience in the design & production of interiors, exhibits and marketing communications. Benedict has contributed his services to relevant Government agencies for various initiatives to improve Singapore's international standing in Tourism & Exhibition Services.

A strong proponent of education, Benedict is the Chairman of the MDIS School of Tourism & Hospitality Industrial Advisory Board and a member of its academic board. He is also a member of SHATEC's Academic & Examination Advisory Council. In 2014, US-based Exhibit Designers & Producers Association (EDPA) conferred the prestigious Hazel Hays Award in recognition of Benedict's outstanding contributions to the trade show industry, in addition to the Lifetime Achievement for Outstanding Contribution to Tourism accorded by the Singapore Tourism Board in 2012. Benedict holds a Master of Business Administration from the University of Hull, UK.

Simon Ong
Deputy Chairman

Simon Ong oversees the strategic planning and development of the Group as well as its creative and brand standards. He is one of the Group's two founders and has contributed significantly to its growth. He is actively serving the creative industry and is currently an advisor to the Society of Interior Designers Singapore and a member of Singapore Interior Design Accreditation Council. Simon served as Chairman of the design cluster in the Manpower, Skills & Training Council of WDA, President of the Interior Designers Association, an IDP member of the Design Singapore Council, and an advisory board member to the Design Business Chamber of Singapore and Singapore Furniture Industries Council (Design). On the international front, he served as a board member of SHOP!, a leading Association of Retail Environments in USA. In 2019, he was inducted into the Shop! Hall of Fame in recognition of his significant contributions to the industry.

An ardent advocate of education, Simon currently serves as a board director of Nanyang Academy of Fine Arts (NAFA). He served as a member of the Advisory Board to the School of Design & Environment at the National University of Singapore (NUS) and Temasek Polytechnic School of Design, and a member of Design Education Review Committee, Singapore (DERC). He was the former Chairman of the School Advisory Board of Cedar Girls Secondary School, and Vice-Chairman of the Potong Pasir CC Management Committee. He was awarded a Master in Design from the University of New South Wales, Australia, and a Master of Business Administration from the University of South Australia.

Andrew Cheng
Group Chief Executive Officer

Andrew Cheng oversees the Group's day-to-day management, as well as its corporate affairs, business development and strategic planning functions. He has more than 30 years of experience in marketing, sales management, consulting, business development and investor relations. Andrew has a Bachelor of Economics degree from the University of Tasmania, Australia.

Anthony Chong
Group Managing Director,
Exhibitions & Thematic

Anthony Chong drives the strategic management and day-to-day operations of the Group's Theme Parks, Museums, Exhibitions and Events businesses. He has more than 40 years of experience in marketing and the fulfilment of different disciplines that encompass world-class attractions, tradeshows, retail interiors and large-scale sporting & corporate events. Anthony holds a Master of Business Administration from Victoria University of Technology, Australia.

Alex Wee
Group Managing Director,
Retail & Corporate Interiors

Alex Wee has more than 30 years of experience in the fulfilment of retail & corporate interior fit-outs, custom fixture manufacturing, and general contracting. He is responsible for the strategic management and day-to-day operations of the Group's Retail & Corporate Interiors business. Alex has a Bachelor of Construction Management (Honours) from University of Newcastle, Australia, and a Master of Science in Marketing & Consumer Insight from Nanyang Technological University, Singapore.

Sebastian Tan
Independent Director

Sebastian Tan was appointed Independent Director of the Company in April 2013. In May 2000, he co-founded Boardroom Limited, a company listed on the Singapore Exchange (SGX-ST) and was delisted in August 2019. He was the Managing/Finance Director of Boardroom Limited from May 2000 to March 2013. Having retired from Boardroom Limited, he continues to be an Advisor. Prior to May 2000, he was with Ernst & Young Singapore and its affiliates since September 1973.

Sebastian is currently an Independent Non-Executive Chairman of Jumbo Group Limited and Vibrant Group Ltd and an Independent Director of Food Empire Holdings Limited, IPC Corporation Ltd, Ezra Holdings Limited and Wilton Resources Corporation Ltd. He is also a trustee of Kwan Im Thong Hood Cho Temple and a director of D S Lee Foundation and EtonHouse Community Fund Limited. He is a qualified financial professional from the Association of Chartered Certified Accountants (UK). He was awarded the Public Service Medal in 1996.

Cynthia Tan
Independent Director

Cynthia Tan was appointed Independent Director of the Company in November 2016. Prior to joining the board, she spent 16 years as the Executive Vice President, Head of Group Human Resources for OCBC Bank. In her earlier career, she headed the HR functions in LVMH/Duty-Free Group and Apple Computer Singapore. She was a former lecturer at Ngee Ann Polytechnic's School of Business & Accountancy before joining the private sector.

Cynthia is currently an Independent Director of Valuemax Group Limited. She leads the Asia Pacific CHRO council for The Conference Board. She also serves as a Board member of the YMCA Singapore and the Dyslexia Association of Singapore. She is also an adjunct faculty member of the Singapore Management University.

Cynthia is a trained Executive Coach from Columbia University, US and certified Diversity Practitioner from Cornell University, US. She obtained her Doctorate in Business Administration from the Hong Kong Polytechnic University, Master in Gerontology from the University of Southampton, UK, Master of Business Administration from the University of Hull, UK, and Diploma in Personnel Management from the University of Cardiff, UK.

Derek Loh
Independent Director

Derek Loh was appointed Independent Director of the Company in May 2021. He holds a Master of Arts (M.A.), Law (Honours) from the University of Cambridge, UK and practises law in Singapore as an Executive Director of TSMP Law Corporation, specialising in construction and engineering law. He is an Advocate and Solicitor of the Supreme Court.

Derek is currently an Independent Director of Adventus Holdings Limited and Vibrant Group Limited. He is a member of the Board of Governors of Saint Joseph's International (“SJI”) and also a trustee of the SJI Philanthropic Fund for the Lasallian Mission Ltd, a registered charity in Singapore.

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  • REGISTRAR
    Boardroom Corporate & Advisory Services Pte Ltd 50 Raffles Place, #32-01 Singapore Land Tower Singapore 048623

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Date Type Remarks
Notes
  • Dates with early, mid or late descriptions are based on the dates from the previous year's results. These are not indicative of future result announcements dates.

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Historical EPS ($) a
NAV ($) b
Historical PE
Price / NAV b
Dividend ($) d
52 Weeks High
Dividend Yield (%) d
52 Weeks Low
Par Value ($)
 
Market Cap (M)
Issued & Paid-up Shares c
Notes
  • Based on latest Full Year results announcement, adjusted for the current number of shares.
  • Based on latest results announcement (Full Year, Half Year or Interim), adjusted for the current number of shares.
  • Rounded to the nearest thousand. Updated on
  • Dividend is based on latest Full Year results announcement, adjusted for current number of shares and excludes special dividend.

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Announce Date
[Date of
Effective
Change]
Buyer / Seller Name
[Type*]
S / W / U ** Bought/
(Sold)
('000)
Price($) After Trade Note
No. of Shares ('000) *** % Held
***
No Insider Trades Available.
* DIR - Director (include Directors of related companies)
SSH - Substantial Shareholder
COY - Company Share Buyback
TMRP - Trustee-Manager/Responsible Person
** S - Shares
W - Warrants
U - Units
R - Rights
*** Direct & Deemed Interests

Notes:

  1. Only trades by directors, substantial shareholders and company share buy back are included in Insider Trades.

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AGM

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TWENTY-FIRST ANNUAL GENERAL MEETING

The Twenty-First Annual General Meeting (“AGM”) of Kingsmen Creatives Ltd. (the “Company”) will be held at 22 Changi Business Park Central 2, The Kingsmen Experience, Singapore 486032 on Tuesday, 30 April 2024 at 10.00 a.m..

Documents relating to the business of the AGM, which comprise the Annual Report of the Company for the financial year ended 31 December 2023 (“Annual Report”), the Notice of AGM and the accompanying Proxy Form for the AGM (“Proxy Form”) are provided below.

Printed copies of the Notice of AGM and Proxy Form will be mailed to shareholders of the Company (“Shareholders”).

Shareholders may request a printed copy of the Annual Report by submitting the request to the Company via email at agm@kingsmen-int.com. For the request to be valid for processing, the Shareholder must specify “Request for Printed Copy of Annual Report 2023” as the subject of the email, and for verification and mailing purposes, state his/her/its full name (as per The Central Depository (Pte) Limited records), identification number, contact number and mailing address.


Research and Design

Our team of about 50 designers in our research and design centre in Singapore work alongside their colleagues in the Exhibitions and Museums, and Interiors divisions to create communication design works to meet the specific needs of our clients.

Our designers possess experience and training in different areas, such as interior architecture, graphic, product, interactive, retail, exhibition and museum design. As at the Latest Practicable Date, more than half of them have experience in handling projects for international clients. Our Research and Design Centre is equipped with the latest CAD-CAM equipment and a library of extensive design references. Through our international network and opportunities to work with clients from all over the world, our designers have access to the latest design trends in the international marketplace.

Before embarking on a design project, our designers will often conduct research on our clients' project objectives and their brand identity, operational requirements and the prevailing environment in which our clients are in. Working in conjunction with our staff from the Exhibitions and Museums, and Interiors divisions and with inputs from clients, our designers will produce designs according to our clients' objectives and budgets. We develop designs and produce works that reflect the desired brand identity and image of our clients and fulfill their functional needs. Our team of designers has created extensive design works for upmarket specialty stores, department stores, eateries, museums, visitor centres, corporate offices, showrooms, trade shows, promotional events and festivities.

Exhibitions and Museums

Our Exhibitions and Museums division produces and implements the design works of our designers for trade shows, promotional events and festivities in the form of temporary installations and displays. The division also produces interiors and displays for museums and visitor centres.

We provide our clients with a wide range of services, from conceptualisation to the production of their projects and may include, where required, integrated marketing communication activities to draw visitors to our clients' events or exhibits.

Some of our notable projects include aerospace exhibitions such as the Asian Aerospace in Singapore, the LIMA Air Show in Langkawi (Malaysia), the Thai Air Show in Bangkok (Thailand), the Indonesia Air Show in Jakarta (Indonesia), the Aero India in Bangalore (India) and the Seoul Air Show in South Korea. We were involved in the planning and construction of the exhibition area, the aircraft display area, hospitality chalets, security barriers, co-ordination and installation of the mechanical and engineering works, supply of rental equipment, furniture, plants or other items needed for the aerospace exhibitions.

Over the years, our Exhibitions and Museums division has been involved in the design, production and construction of the following :-

  • national pavilions for different countries, including Singapore, USA, Australia, UK, France and the Netherlands during several international trade shows;

  • national pavilions in World Expositions in Seville, Spain in 1992, Taejon, South Korea in 1993 and Hanover, Germany in 2000;

  • exhibits for museums and visitor centres such as Singapore Philatelic Museum, Singapore Discovery Centre, Petrosains Discovery Centre, Images of Singapore Sentosa, Singapore Science Centre and National Museum of Singapore; and

  • displays and decorations for various events and festivities. We were the pioneer for festive decorations in the 1984 "Christmas Light Up" in Singapore and were also involved in the 1990 Singapore Silver Jubilee Celebrations, 1998 Commonwealth Games Hospitality Village in Malaysia and National Day Parade.

Our subsidiary, Kingsmen Exhibits, is a registered government supplier for the supply of goods and services relating to exhibitions and event management with tender capacity of up to $10 million.

Retail and Office Interiors

Our Interiors division produces and implements the design works of our designers, as well as those designed by other professional design houses. We focus on retail stores, eateries and restaurants, corporate offices and showrooms. Our Interiors division translates designs into interiors which reflect the corporate or brand image of our clients, as well as their desired functionality. Leveraging on our "one-stop-shop" concept, we assist our clients by organising the budgeting process, selection and procurement of materials and furniture, organisation and coordination of the various parties necessary for the production and implementation of the project.

Our subsidiary, Kingsmen Projects, was awarded the ISO 9001:2000 certification in 2003 for design and interior fit-out services. It has a BCA registration of L5 status for interior works which qualifies it to tender for government projects with contract values of up to $10 million. Our regular visits to international industry events enable us to keep abreast with the latest design trends and construction methodology.

Over the years, we have carved a niche in the middle and upper end of the retail sector. We have produced interior design and fit-out works for clients representing retail brands such as Gucci, Polo Ralph Lauren, Burberry, The Hour Glass, Guess, Gap, Chanel, Robinsons, Marks & Spencer and DFS. In recent years, we have also provided "roll-out management" services to our clients by producing a series of retail outlets in different Asian cities, with each having the similar "look" and projecting the same brand image and identity of our clients. Since FY2002, we have carried out these "roll-out management" services for some of our clients representing brands such as Burberry, Nokia, Raoul and UOB.

Our clients who have engaged our services for design and fit-out of their corporate offices and showrooms are predominantly large local companies and MNC, such as Singapore Telecommunications Ltd, Singapore Cable Vision Ltd, Wywy Office Solutions Pte Ltd, Maritime Port Authority, Bausch & Lomb (S) Pte Ltd, Deutsche Telekom Asia Pte Ltd, Eli Lilly Asia Pacific Pte Ltd and Cemex Asia Pte Ltd.

Integrated Marketing Communications

As part of our "one-stop-shop" concept, we provide integrated marketing communication services to our clients. These are services that aid marketing and promotion of our clients' products and services such as traffic generation, visitor data collection, pre-show promotions and post-show analysis and reports, brand consultancy and event management. Such services complement our core business activities of designing and producing exhibits and interiors as they enable us to provide value-added services to our clients by using the data and information collected to propose suitable three-dimensional communication design works to market and promote our clients' products and services.

We also create and manage brand promotional events for our clients with the aim of engaging, informing and promoting our clients' products and services to their targeted audience. We assist our clients to establish the promotional goals of their marketing programme and formulate suitable thematic or interactive events to achieve such goals. The extensive range of events which we have completed include product launches, press events, public events and sponsorship events such as the Singapore Street Festival, the Singapore Food Festival, Philips Digitally Enhanced Cordless Telephone Launch and promotions of shopping malls such as Sun Plaza, Heartland Mall, Wisma Atria and Novena Square in Singapore.

To complete the package, we offer diversified out-of-home communications solutions through a variety of media platforms and creative options. We provide clients holistic advertising approaches via unparalleled networks, strategically-positioned to deliver marketing message effectively and efficiently.

We may provide any of the above described services to our clients either separately or in such combination as they may require.

  
 

Topman, Singapore
 

Singapore Technologies, Asian Aerospace, Singapore
 

Swensen's, Singapore
 

Samsonite, Tax Free Asia Pacific, Singapore
 

National Day Parade, Singapore
 

Nissan Design Forum, Asia Pacific
 

Raoul, Asia Pacific
 

Webzen, E3, USA
 

National Museum of Singapore