𝐎𝐧 𝐭𝐡𝐞 𝐩𝐚𝐬𝐭 𝐅𝐘

The past FY continued to be challenging. At the point of writing, we have seen retrenchments from tech giants like Meta and Twitter and many other companies. Things remained uncertain, with the Ukraine-Russian war, US banning of chip exports to China and the world recovering from Covid period while going into hyperinflation. As such, it is important for us to exercise financial discipline and be extra cautious in our spending while expanding our revenue options.

That being said, I am happy to inform that our past Financial Year is profitable. Staffs can expect to receive their variable bonus by January before Chinese New Year.

We had successfully deployed several new projects from the academic and medical sectors that kick-started in the past FY. We had also deployed some enhancements to existing projects. We managed to have our EPPU grade (for registered government supplier) go up one level too.

We did not manage to launch our new SAAS platform as planned, but we had continue working on growing our proprietary Pando Framework, which is our important technological asset.

𝐎𝐧 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐒𝐨𝐜𝐢𝐚𝐥 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲

One of our core values is Compassion. We aim to create a better world by constantly creating useful solutions, giving back to the society, and helping the less fortunate. Last year, as the CTO of El Pando, I pledged that we will consistently donate to selected charity organizations on this day every year.

This year, we are happy to donate a humble portion of our profit to the following 5 charitable organizations:

• Society for the Prevention of Cruelty to Animals (SPCA)

• The Salvation Army

• ACRES

• Bright Vision Hospital

• Children’s Cancer Foundation

Every year, we shall aim to expand the list of charitable organizations that we donate to, as well as the amount of donations to each of the organizations.

𝐎𝐧 𝐭𝐡𝐞 𝐩𝐥𝐚𝐧𝐬 𝐟𝐨𝐫 𝐧𝐞𝐱𝐭 𝐅𝐘

For the past few years, we have managed to establish ourselves as the trusted bespoke software vendor in the Government, Academic and Healthcare sectors. We will continue to strengthen our track records in those sectors while aiming to expand our influence into other sectors.

We are expected to kick-start a new project in the medical sector in January 2023. We will also continue with enhancements on a few existing projects. I am also looking at getting one or two more new projects in the second quarter of next year.

We shall continue to expand the capabilities of our proprietary Pando Framework as it is an invaluable technological asset. We also aim to launch a new software-as-a-service (SAAS) platform before the next FY ends. We shall also look into strengthening our cybersecurity policy and integrate it into our Pando framework.

There are also plans to expand our team in the roadmap of the upcoming financial year. Thus, we will most probably move to a bigger office next February.

We are also aiming to raise our EPPU grade again next FY. This shall enable us to take on much larger government projects.

Overall, I am confident that we will continue to grow from strength to strength. Many thanks to our clients, colleagues, vendors, associates, and partners for your continual support!