UTS Marketing : SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO THE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2019
August 24, 2020 at 12:32 pm
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UTS MARKETING SOLUTIONS HOLDINGS LIMITED
(Incorporated in the Cayman Islands with limited liability)
(STOCK CODE: 6113)
SUPPLEMENTAL ANNOUNCEMENT
IN RELATION TO THE ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2019
Reference is made to the annual report (the ''Annual Report'') of UTS Marketing Solutions Holdings Limited (the ''Company'') for the year ended 31 December 2019 published on 29 April 2020. Unless the context otherwise requires, capitalized terms used herein shall have the same meanings as those defined in the Annual Report. Further to the information disclosed in the Annual Report, the Company wishes to provide to the shareholders and the potential investors with the following additional information in relation to the breakdown of other expenses.
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OTHER EXPENSES
The Company recorded other expenses of RM9,584,000 and RM12,377,000 for the years ended 31 December 2019 and 2018, respectively. The detailed breakdown of the other expenses is set out as follows:
2019
2018
RM'000
RM'000
Rental expenses
1,388
3,014
Telephone and internet expenses
1,139
1,363
Campaign costs
1,376
2,312
Training related expenses
995
743
Utilities expenses
559
491
Auditor's remuneration
484
459
Legal and professional fees
474
388
Entertainment
425
505
Repair and maintenance expenses
377
402
Staff referral fees
330
307
Insurance
303
289
Travelling expenses
266
227
Printing and stationery expenses
244
250
Upkeep of office
219
268
Consultancy fees
186
575
Motor vehicles expenses
170
177
Secretarial fees
170
150
Donations
124
120
Other general expenses
129
161
Computer expenses
120
89
Recruitment costs
106
87
9,584
12,377
The above additional information does not affect other information contained in the Annual Report and, save as disclosed in this announcement, the remaining contents of the Annual Report remain unchanged.
By Order of the Board
UTS Marketing Solutions Holdings Limited
Ng Chee Wai
Chairman and Executive Director
Hong Kong, 24 August 2020
As at the date of this announcement, the executive Directors are Mr. Ng Chee Wai (Chairman), Mr. Lee Koon Yew (Chief Executive Officer) and Mr. Kwan Kah Yew; and the independent non-executive Directors are Mr. Lee Shu Sum Sam, Mr. Kow Chee Seng and Mr. Chan Hoi Kuen Matthew.
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UTS Marketing Solutions Holdings Ltd. published this content on 24 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2020 11:32:28 UTC
UTS Marketing Solutions Holdings Limited is a Malaysia-based investment holding company. The Company is principally engaged in the provision of outbound telemarketing services and contact center facilities for promotion of financial products and related activities issued by authorized financial institutions, card companies or organizations worldwide. It provides outbound telemarketing services of financial products, which include insurance products (conventional and takaful insurance products), promoting credit cards and balance transfer, and soliciting donation programs for its clients. Its services include provision of outsourced contact center campaigns and setting up, as well as managing contact center facilities. The Company provides business development solutions that assist its clients in securing or acquiring new business partnerships and expanding their businesses. The Company serves banks, insurance companies, takaful operators and charitable organizations.