ANNUAL REPORT 2006 Contents

CREATIVITY

ANNUAL REPORT 2006 contents

1 About Trek2000 International Limited 16 A Message from the Chairman and CEO 18 Operations and Financial Review 22 Trek’s Global Intellectual Property Coverage 00010101010101010101011010101011010101011101010101101010110101010110101000 10231 01 Group010 Structure10101010101101010101101010101110101010110101011010101011010 101101010101101010101110101010110101011010101011010101101010101011 0 241 01 Board010 of11 Directors0101010111010101011010101101010101101010110101010 00010101 000101010 01101010101101010110101010 27 Key Management Team 00010101010101010101011010101011010101011101 0 101010111010101011010101101010101101010110101010 28 Corporate Information 0001010101010101010101 1 01010110101010111010101011010101101010101101010110101010010 102911 0 Financial1010 1Contents0111010101011010101101010101101010110101010 00010101010101 000101010101010 1011010101011010101011101010101101010110101010110101011010101010110101010110101010111010101011010101101010101101010110101010 00010101 000101010 0101010110101010111010101011010101101010101101010110101010year 2006– key events 000101010101 0

5 January : Toshiba raised equity interest in Trek up to 10.32% and strengthens NAND Flash memory products support. 8 March : New series of Enhanced ThumbDrive® Solutions - ThumbDrive® Guard ; ThumbDrive® SAKE; SAKE Mobile and SAKE Enterprise launched at CeBIT 2006 20 September : Partners with Microsoft SME Business Plus program to strengthen Intellectual Property Initiatives. 21 September : Intellectual Property approvals for its ThumbDrive® ﬂ ash drive and biometric solution received in India and China. 21 September : Obtained Intellectual Property ThumbDrive® Trademark in China and India. 19 October : Chez Solution, enhancing ThumbDrive® data protection capability launched. 25 October : Toshiba raised equity stake in Trek from 10.32% to 15.32%. 16 November : New Chez Solution unveiled at GITEX 2006 in Dubai 10 December : Trek awarded S$1.5 million for partial recovery of litigation suit. about trek2000 international limited

Trek 2000 International Ltd, an industry leader, innovator and patent owner of the ThumbDrive® (i.e. USB ﬂ ash Drive) offers state-of-the-art design solutions ranging from Mobile Media Solutions, 010110101010Wireless, Anti-Piracy, 0001010101010101010101101010101101010101110101010110101011 Compression and Encryption to sophisticated Enterprise solutions all catering 01010101010101011010101011010101011101010101101010110101010111011010101to the fast changing digital industry. Trek is represented all over the world and has ofﬁ ces in the U.S., Malaysia, Thailand, India, Hong Kong, Singapore, the Netherlands, China, the Philippines and Japan 010101011010101101010101101101010101101010110101010to serve the rapidly expanding markets in all regions. A public company 0001010101010101010 on the Singapore Stock 01101010101101010101110101010110101011010101011101101010101110101010110Exchange (SGX:TREK), Trek 2000 International Ltd is named by Forbes Global as one of the Best 01010101011010101011010101011101010101101010110101010111011010101011010Small Companies in the World for 2000 and 2002. Trek 2000 International Ltd is also ranked as the 01010101010101011010101011010101011101010101101010110101010111011010101Best Managed Small Company in Singapore by AsiaMoney (of Euromoney). 01010101010110101010110101010111010101011010101101010101110110101010110

For more information, visit http://www.trek2000.com.sg and http://www.thumbdrive.com

Trek ® and ThumbDrive® are trademarks or registered trademarks of Trek Group of Companies in Singapore and / or other countries.

Trek 2000 International Ltd | Annual Report 2006 | 1 0 1 0 1 0 1 0

Trek 2000 International Ltd | Annual Report 2006 | 2 Introducing the world’s ﬁ rst portable usb-enabled external data storage device

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When Trek’s ThumbDrive® made its debut into the world in 2000, it wrote a new chapter in the history of IT. True to its name, the device was the size of a thumb. Nevertheless, this little device took the IT world by storm. Then, we envisioned that the ThumbDrive® USB ﬂ ash drive will rapidly replace the commonly used 1.44MB ﬂ oppy disks.This vision is now a reality. Today, the ubiquitous ThumbDrive® device is a globally accepted mode for data transportation and storage.

Trek 2000 International Ltd | Annual Report 2006 | 3 000101010101010101010110101010110101010111010101011010101101010101101010001010101010101010101101010101101010101110101010110101011010101011010 10110101010110101010111010101011010101101010101101010110101010 000101010 01101010101101010110101010 000101010101010101010110101010110101010111010 101010111010101011010101101010101101010110101010 00010101010101010101011 01010110101010111010101011010101101010101101010110101010 000101010101010 10110101010110101010111010101011010101101010101101010110101010 000101010 0101010110101010111010101011010101101010101101010110101010 0001010101010

Trek 2000 International Ltd | Annual Report 2006 | 4 encryption & security

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To protect information stored within the ThumbDrive® encryption and security features were incorporated to the device. In 2002, Trek introduced its ﬁ rst biometric ThumbDrive®. Serving as a personalized key for data access, the emergence of the securitized ThumbDrive® USB ﬂ ash drive once again made its mark when it was incorporated into the SARs (Severe Acute Respiratory Syndrome) scanners.

Trek 2000 International Ltd | Annual Report 2006 | 5 Legal Digital Contents • Digital signature • Movie • Document • Music e-Book encryption • Game • Tax ﬁ ling • Software

Financial Enterprise 00010101010101010101011010101011010101011101010101101010110101010110101• Payment Ubiquitous • Employee ID 01 • e-Banking • Remote access 10110101010110101010111010101011010101101010101101010110101010• Securities security and authentication, VPN 00010101100 01101010101101010110101010• Insurances 00010101010101010101011010101011010101011101mobile storage • Physical door access 100 101010111010101011010101101010101101010110101010device 0001010101010101010101111 01010110101010111010101011010101101010101101010110101010Ticketing Social 00010101010101100 10110101010110101010111010101011010101101010101101010110101010• Movie theatre • Personal ID Cards 00010101100 • Concert (social ID, driver license, 0101010110101010111010101011010101101010101101010110101010• Sports passport) 000101010101100 • Airline • Education • Library • Healthcare Public Memberships • Transport • Loyalty • Travel program • Telecom • Mileage plan • Telematic • Auction • Online subscription • Online game

Trek 2000 International Ltd | Annual Report 2006 | 6 STRIKES is the acronym for “Secure Transaction, Identity, Key, Encryption & Storage”. This solution secures secure online transaction, serves as a second factor authentication with secure storage of personal identity information, provides high-end data encryption and delivers secure and convenient data storage. STRIKES can be upgraded to function as a machine readable travel document (or e-passport) by meeting speciﬁ cations developed by the International Civil Aviation Organisation (“ICAO”).

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s.t.r.i.k.e.s.

Trek 2000 International Ltd | Annual Report 2006 | 7 - Chez Agent - Chez Service 00010101010101010101011010101011010101011101010101101010110101010110101Administrator 01 10110101010110101010111010101011010101101010101101010110101010 00010101100 01101010101101010110101010 00010101010101010101011010101011010101011101100 101010111010101011010101101010101101010110101010 0001010101010101010101111 01010110101010111010101011010101101010101101010110101010 00010101010101100 Chez 10110101010110101010111010101011010101101010101101010110101010Clear Text Encrypted Text 00010101100 ThumbDrive® 01010101101010101110101010110101011010101011010101101010100101010101 ( )S%$!@(*# Swipe 000101010101100 1010101010 *&S*$D$*$$ AES 256bit User

Trek 2000 International Ltd | Annual Report 2006 | 8 010110101010010110101010 0001010101010101010101101010101101010101110101010110101011 0001010101010101010101101010101101010101110101010110101011 010101010101010110101010110101010111010101011010101101010101110110101011010101010101011010101011010101011101010101101010110101010111011010101 010101011010101101010101101101010101101010110101010 0001010101010101010 01101010101101010101110101010110101011010101011101101010101110101010110 01010101011010101011010101011101010101101010110101010111011010101011010101010101101010101101010chez101110101010110 10solution10110101010111011010101011010 010101010101010110101010110101010111010101011010101101010101110110101011010101010101011010101011010101011101010101101010110101010111011010101 01010101010110101010110101010111010101011010101101010101110110101010110

The Chez Solution empowers you to enforce that only authorized mobile storage devices, with necessary encryption features, are used in your IT environment. This solution is user friendly and can be used by both individuals and enterprises to protect both the data stored in their computers and the portable data stored in their ThumbDrive® USB ﬂ ash drives. Chez further enhances the biometric and AES security features that are currently incorporated in the security-enabled ThumbDrive® USB ﬂ ash drives.

Trek 2000 International Ltd | Annual Report 2006 | 9 00010101010101010101011010101011010101011101010101101010110101010110101 10110101010110101010111010101011010101101010101101010110101010 000101010 01101010101101010110101010 000101010101010101010110101010110101010111010 101010111010101011010101101010101101010110101010® 00010101010101010101011 01010110101010111010101011010101101010101101010110101010ThumbDrive portal 000101010101010 10110101010110101010111010101011010101101010101101010110101010 000101010 0101010110101010111010101011010101101010101101010110101010 0001010101010

Designed to bring together the global population of ThumbDrive® owners, Trek’s portal was launched in 2006. A dedicated platform upon which owners can access and update their knowledge on their devices, this portal also provides technical support and assistance as well as a selection of software that can be downloaded to enhance the capabilities of the ThumbDrive® devices.

Trek 2000 International Ltd | Annual Report 2006 | 10 010110101010 0001010101010101010101101010101101010101110101010110101011 01010101010101011010101011010101011101010101101010110101010111011010101 010101011010101101010101101101010101101010110101010 0001010101010101010 01101010101101010101110101010110101011010101011101101010101110101010110 01010101011010101011010101011101010101101010110101010111011010101011010 01010101010101011010101011010101011101010101101010110101010111011010101 01010101010110101010110101010111010101011010101101010101110110101010110

Trek 2000 International Ltd | Annual Report 2006 | 11 00010101010101010101011010101011010101011101010101101010110101010110101 10110101010110101010111010101011010101101010101101010110101010 000101010 01101010101101010110101010 000101010101010101010110101010110101010111010 101010111010101011010101101010101101010110101010 00010101010101010101011 01010110101010111010101011010101101010101101010110101010 000101010101010 10110101010110101010111010101011010101101010101101010110101010 000101010 0101010110101010111010101011010101101010101101010110101010 0001010101010

Trek 2000 International Ltd | Annual Report 2006 | 12 research & development

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This is an important pillar of Trek’s growth. Our young and creative engineering team, comprising engineers from various countries in the region, work closely with each other to develop the powerful IT solutions that we bring to our customers globally. We take pride in the quality of the solutions that we bring to the market and we take ownership of our ideas through intellectual property registration.

Trek 2000 International Ltd | Annual Report 2006 | 13 0001010101010101010101101010101101010101110101010110101011010101011010101 10110101010110101010111010101011010101101010101101010110101010 00010101100 01101010101101010110101010 00010101010101010101011010101011010101011101100 101010111010101011010101101010101101010110101010 0001010101010101010101111 01010110101010111010101011010101101010101101010110101010 00010101010101100 10110101010110101010111010101011010101101010101101010110101010 00010101100 0101010110101010111010101011010101101010101101010110101010 000101010101100

Trek 2000 International Ltd | Annual Report 2006 | 14 Trek owns a library of more than 115 patents with worldwide approvals. At the close of the 2006 ﬁ nancial year, 290 patents have been ﬁ led and pending approval. This is our most fundamental yet most powerful asset. The growth of our intellectual property assets over the years has brought into being, our licensing business, and laid the foundation for the future growth of our organisation.

intellectual property

Trek 2000 International Ltd | Annual Report 2006 | 15 chairman’s message to shareholders

Dear Shareholders, this area, we will be continually enhancing the power of the security and encryption solutions that Following many years of belief and we bring to the global market place. perseverance in our solutions and the value of our intellectual property (“IP”) ownerships, this year we Launched at CeBIT in March 2007, STRIKES is the have benefi ted from an improved acronym for “Secure TRansaction, Identity, Key, set of results. I am pleased to Encryption & Storage”. This is a fl ash drive that inform that for the fi nancial year supports secure online transaction and serves as ended 31 December 2006, Trek a second factor authentication with secure storage delivered a 74.2% rise in net profi t of personal identity information. When upgraded after tax amid a 13.2% increase in to meet the specifications developed by the revenue. International Civil Aviation Organisation (“ICAO”) and the Specifi cation for Standard ID standard Demand for all our services was published by SPRING Singapore (SS529-2006), it strong. The introduction of new has the ability to function as an e-passport. products and solutions during the year contributed to the performance of our Mobile Media Solutions The above is just an example to demonstrate business (previously known as Digital Technology). the speed at which the team at Trek is able to With increasing global awareness over the anticipate, create and deliver timely and powerful importance of IP ownerships, our licensing business solutions to the global market place. Going forward, also reported higher revenues. Trek will be launching many more solutions aimed at addressing some of the security concerns Today, topping the list of priorities among currently surrounding the world. In conjunction enterprises and consumers are concerns over with our escalating R&D efforts, our library of IP the security and protection of data and personal assets has also expanded. In FY2006, following information. In retrospect, at Trek, we have already the registration of 6 new patents, we now own a anticipated this need in FY2005 when we shared library of 40 family patents. This translates into a our vision on the shift of the global trend towards $1.1 million increase in Trek’s intangible assets for security and encryption. Thereafter, our research our core Mobile Media Solutions. and development (“R&D”) efforts were directed into these areas in FY2006. The ultimate result Today, there are abundant opportunities for is the emergence of our latest solution - the us to bring Trek onto a new phase of growth. ThumbDrive® STRIKES. This is the fi rst solution While our ThumbDrive® solution has won global but by no means the last. Having embarked into acceptance as the preferred mode of data

Trek 2000 International Ltd | Annual Report 2006 | 16 storage and transportation, its potentials remained Proﬁ t Before Income Tax (US$million) relatively untapped in many parts of the world. Amid a global population of more than 6 billion, our reach is still inﬁ nitesimal. With this in mind, 6 we expect that our Mobile Media Solutions and 5.3 our IP licensing will continue to dominate as our growth drivers.

4 3.7 The year also saw Toshiba, our long time partner, 3.1 raising its equity stake in Trek. A leading name in 2.9 the global IT world and one of the world’s major suppliers of NAND Flash, we are very encouraged 2 by Toshiba’s vote of confi dence. The close working relationship between both our organisations will 0.6 benefi t Trek tremendously. It will release more 0 opportunities for us to tap into the wealth of 2002 2003 2004 2005 2006 knowledge that is encapsulated in Toshiba’s powerful global network. 2006, subject to the approval of the shareholders Going forward, the economic and political changes at the forthcoming Annual General Meeting. across the world will leave their impact on the global business environment. Nonetheless, amid Finally, on behalf of all my colleagues, I would cautious optimism, we will endeavour to ensure like to thank all our customers, shareholders, that our organisation continually delivers improved partners, employees and business associates for performance. your confi dence in us during the year. With your support and encouragement, we will do our best This year, to reward our shareholders for their to deliver more good news to you in FY2007. support and trust in Trek, we are proposing that the dividend be doubled from that of the previous fi nancial year. Computed based on the current Yours Sincerely, share price of Trek, this amount will translate into a dividend yield of approximately 5% when approved. In line with this proposal, the Board recommends a dividend of 2 cents per ordinary Henn Tan share for the fi nancial year ended 31 December Chairman and Chief Executive Offi cer

Trek 2000 International Ltd | Annual Report 2006 | 17 operations and financial review

Revenue by Business Segment OPERATIONS AND FINANCIAL REVIEW

Supported by stronger results from across all our business units, Trek turned in signifi cantly FY2006 improved performance. Our revenues rose 13.2% to $116.3 million and our net profi t after Mobile Media tax rose 74.2% to $5.1 million at the close of Solutions FY2006. Licensing 72.2% 1.8% Our performance this year is attributable primarily Customized to the launch of new solutions, especially in the Solutions area of security and encryption. Included in 26% this group of solutions are Chez solution and the ThumbDrive® Guard, both of which can be customized to meet the needs of enterprises and consumers. Other contributors to this year’s results comprise the higher contributions from our licensing business and our Mobile Media Solutions business. The latter is the new name FY2005 Mobile Media that has been adopted for what was previously Solutions termed as Digital Technology. 62.9% The Group is benefi ting from its investments over the years in its research and development efforts Licensing and intellectual property assets. Nevertheless, 1.7% Customized Solutions despite better business sentiments in FY2006, 35.4% the year is not without its challenges. The industry saw the global price erosion of the NAND fl ash memory which dipped by about 70%; our R&D team operated under tremendous pressure as it raced to identify and develop new solutions for the global market place; and our sales team relentlessly pursued new customers.

Trek 2000 International Ltd | Annual Report 2006 | 18 On our intellectual property initiatives, at the Turnover (US$million) close of FY2006, our intellectual property library owns a total of 115 approved patents with 120 116 more than 290 patents pending approval. Three 103 new solutions developed during the year were 100 launched at CeBIT March 2007. These are the 83 ThumbDrive® Hardware AES, the ThumbDrive® 80 72 Compression and S.T.R.I.K.E.S (the acronym for 61 “Secure TRansaction, Identity, Key, Encryption 60 & Storage”). This is a fl ash drive that supports secure online transaction and serves as a 40 second factor authentication with secure storage of personal identity information. When upgraded 20 to meet the specifi cations developed by the International Civil Aviation Organisation (“ICAO”) 0 and the Specifi cation for Standard ID standard 2002 2003 2004 2005 2006 published by SPRING Singapore (SS529-2006), it has the ability to function as an e-passport. The licensing business reported a revenue increase of 18.3%. Revenue contribution from FINANCIAL REVIEW this business segment rose from US$1.8 million to US$2.1 million in FY2006. Going forward, The Group’s improved revenue and profi ts in as the world begins to pay serious attention to FY2006 is attributable to the higher contributions intellectual property protection, contributions from its licensing and its Mobile Media Solutions from this business unit is expected to garner businesses. Contributions from the Mobile signifi cance. Conversely, it should also be noted Media Solutions business saw an increase of that the quantum of our licensing revenue is also 29.9% rising from US$64.6 million to US$83.9 dependent upon the ability of our licensees to million. This is attributable to the entry of new market our products and solutions. accounts and the introduction of new solutions and products during the year. Geographically, the ASEAN region continues to dominate as the key revenue contributor accounting for 57.8% of Trek’s total revenue.

Trek 2000 International Ltd | Annual Report 2006 | 19 operating and financial review

This is followed by sales to the United States and Operating effi ciency also improved in FY2006 China comprising 19.4% and 8.7% respectively. as inventory turnover narrowed from 11 days The balance of 14.1% comprises sales to other (FY2005) to 6 days. At the close of the fi nancial markets. year, the Group’s inventory balance was lower declining from US$2.8 million (FY2005) to We saw improved gross profi tability this year US$1.8 million (FY2006). Better receivables as margins rose from 6.9% to 7.4%. Our management also helped the Group improve its performance refl ects the Group’s ongoing trade debtors’ turnover from 84 days (FY2005) focus on margin and effi ciency betterments to 31 days (FY2006). At the close of FY2006, with vigilant management of our operating and trade debtors’ balance stood at US$10 million vendors’ costs. compared to US$23.7 million in the same period last year. By business activities, Mobile Media Solutions accounted for 72.2% of our aggregate revenue Supported by improved operating effi ciency, and 55.8% of our operating profi t in FY2006. The Group’s operations generated cash fl ow Our licensing business contributed 34.3% of our of US$3.6 million. We closed the year with a operating profi t despite accounting for only 1.8% balance of US$34.1 million in cash and cash of our total revenue. Customised Solutions, which equivalents, a relatively higher amount compared comprises 26.0% of our revenue, contributed to to the US$33.2 million reported in the previous 9.9% of our total operating profi t for the year fi nancial year. under review. On the litigation front, following the recent Underlying Trek’s profi tability this year are the recognition of our patent ownership over our higher licensing revenue; the higher contributions ThumbDrive® solution by the Singapore Court, from other operating income comprising mainly we have been awarded a partial cost recovery interest income earned from fi xed deposits; of approximately S$1.5 million. Currently, due to and lower litigation costs for recoveries and disagreement on the quantum of the recovery assessments which declined from US$0.6 million costs awarded, both Trek and the defending in the previous fi nancial year to US$0.4 million in parties are still appealing against the Court’s FY2006. decision over this matter.

Higher business activities during the year also OUTLOOK FOR THE YEAR AHEAD triggered increases in the Group’s operating costs. Expenses incurred during the year amounted to The competitive landscape for our products and US$4.9 million compared to US$4.4 million in services will remain keen. Our performance may the previous fi nancial year. Factors underlying be affected by the price volatility of electronic this increase comprise the higher investments components that are used in our products. In in research and development activities and the particular, as in previous years, we are vulnerable costs of intellectual property registrations; higher to the volatile prices of the NAND Flash expenses relating to aggressive marketing and Memory. distribution activities in FY2006; and a 6.2% increase in general administration expenses Research and development activities will remain arising from the expansion of the Group’s an important aspect of Trek’s business. Our overseas operations and impairment of an objectives will be towards the introduction of associated company. new competencies, new know-how and new technology into the Group. To achieve these Corresponding to the increase in Trek’s intellectual objectives, we will continue to explore synergistic property registrations, intangible assets reported partnerships with leading technological leaders an increaase of U$1.1 million due to new patent in the industry. registrations for its core Mobile Media Solutions. This brought the Group’s intangible assets Our Mobile Media Solutions and our intellectual value to US$6.9 million from the US$5.8 million property licensing businesses will lead as the key reported in the previous fi nancial year. During the revenue and profi t drivers. Into the new fi nancial year, with the fi ling of 6 new family patents, the year, the Group remains cautiously optimistic Group now has a library of 40 family patents. about our business prospects and barring unforeseen circumstances, we expect continuing improvement in our business performance.

Trek 2000 International Ltd | Annual Report 2006 | 20 Trek 2000 International Ltd | Annual Report 2006 | 21 trek’s global intellectual property coverage

Canada Eurasia Mongolia Europe Saudi Arabia South Korea Bahrain Japan Arctic Ocean

United Kingdom

China

Atlantic Ocean Taiwan

Paciﬁ c Nigeria Ocean UAE

IndiaIndia Namibia Thailand Malaysia Singapore Hong Kong USA Brunei Philippines South Africa Australia Brazil New Zealand

Trek 2000 R & D Centres

Trek’s Patented Core Technology Solutions: • Wireless

• USB

• Anti-piracy

• Security

• Centralised Management System (CMS)

• Compression

Trek 2000 International Ltd | Annual Report 2006 | 22 group structure

100% Trek Technology (Singapore) Pte Ltd*

SINGAPORE 100% S-Com System (S) Pte Ltd

25% InfoWave Pte Ltd

100% MALAYSIA Trek Systems (M) Sdn Bhd Branch ofﬁ ces: Penang • Kuala Lumpur

USA 100% TrekStor USA Inc.

100% Trek Technology (HK) Co., Ltd. HONG KONG

45% STrek International Co., Ltd

THE PEOPLE’S REPUBLIC OF CHINA 100% Trek Technology (Shanghai) Co., Ltd. Domestic Branches: Shenzhen • Beijing

THE NETHERLANDS 100% Trek Technology Europe B.V.

THAILAND Trek Technology (Thailand) 39% Company Ltd

100% Trek Technology (India) Private Limited INDIA Domestic Branches: Bangalore • New Delhi • Chennai • Mumbai

* Includes branch ofﬁ ces in Manila, the Philippines and Tokyo, Japan.

Trek 2000 International Ltd | Annual Report 2006 | 23 board of directors

MR. HENN TAN Chairman, Chief Executive Ofﬁ cer and Executive Director

Mr. Tan is Chairman and Chief Executive Ofﬁ cer & Young Emerging Entrepreneur of the Year in of the Company. Mr. Tan has been an Executive 2002. He is a holder and inventor of numerous Director since the Company’s inception. As patents. Chairman and CEO, he is responsible for leading Management in building and developing the He holds a Bachelor of Science degree from Group’s operations as well as strengthening its the University of Ireland and a Doctorate from management structure for future growth and Wisconsin University. expansion. He does not hold any directorship or chairmanship Mr. Tan has more than 20 years’ experience in the in other listed companies presently and over the electronics industry and was awarded the Ernst preceding three years.

MR. SEAH MOON MING Vice-Chairman and Independent, Non-Executive Director

Mr. Seah joined the Board on 3 June 2002 and Adjunct Professor to the National University of assumed the role of Vice-Chairman on 1 July 2004. Sigapore’s Entrepreneurship Center from April He is also the Chairman of the Remuneration 2002 to April 2005. Committee. Mr. Seah holds a Master of Science (with He was appointed President, International distinction) in Electrical Engineering from the Business and Deputy CEO of Singapore Naval Postgraduate School, USA. He attended Technologies Engineering Ltd in May 2004, the Stanford-NUS Executive Program in 1993 overseeing the Electronics and Land Systems and completed the program for Management sectors. He is concurrently President, Singapore Development and Advanced Management Technologies Electronics, a position he has Program at Haravard University, USA in 1996 and held since 8 December 1997, after serving as 2005, respectively. Managing Director from 1 July 1997. Mr Seah is Chairman of the Board of Governors of Temasek He is also the Vice Chairman of ECS Holdings Polytechnic. He is a Fellow of the Institution of Limited from 3 January 2005, which is listed on Engineers Singapore, a senior member of IEEE SGX-ST. and a member of Eta Kappa Nu. He serves as

MR. FOO KOK WAH Chief Operating Ofﬁ cer and Executive Director

Mr. Foo joined Trek 2000 in 1991 as its General than 15 years and is also responsible for the overall Manager (Sales & Marketing) and helped propelled performance of the Group’s operations. the growth of its network of subsidiaries. In November 2001, he became the Chief Operations He holds a Diploma in Mechanical Engineering. Ofﬁ cer and Executive Director and is responsible for the Group’s global operations. Mr. Foo has He does not hold any directorship or chairmanship been involved in the electronics industry for more in other listed companies presently and over the preceding three years.

Trek 2000 International Ltd | Annual Report 2006 | 24 MR. GURCHARAN SINGH Chief Financial Ofﬁ cer and Executive Director

Mr. Singh joined Trek 2000 in 1999. In November He is a Certifi ed Public Accountant and a Fellow 2002, he became the Chief Financial Offi cer and of Chartered Association of Certifi ed Accountants, has been a Director since its public listing in May United Kingdom and a member of the Institute of 2000. Certifi ed Accountants of Singapore (ICPAS).

He has more than 20 years experience in the He does not hold any directorship or chairmanship auditing/ﬁ nance industry, including 5 years in the in other listed companies presently and over the insurance industry. preceding three years.

MR. CHAY YEE MENG Independent, Non-Executive Director

Mr. Chay joined the Board on 22 March 2001 and He was the Chief Financial Ofﬁ cer of Natsteel is also the Chairman of the Audit Committee. Electronics Ltd / Solectron Technology Asia Paciﬁ c Region from 1993 to 2002. He has more than 20 He is a Director of ECS Holdings Limited, which is years’ experience in the electronics industry. listed on SGX-ST. He is also CEO of Infowave Pte Ltd and Director and Audit Committee member of He graduated with a Bachelor of Accountancy the National Kidney Foundation. He also chairs degree from Nanyang University. the IT Committee of National Kidney Foundation.

PROFESSOR HANG CHANG CHIEH Independent, Non-Executive Director

Professor Hang joined the Board on 24 May 2006 “Growing Enterprises with Technology Upgrade” as a Non Executive and Independent Director. Initiative in 2003.

He is the Director, Centre for Management of His accolades include IES/IEEE Medal of excellence Science and Technology, Faculty of Engineering, in 2004 and for his role in public service he was NUS; Professor of Electrical Engineering, NUS. He awarded the Public Administrative Medal (Gold) was also Computer and Systems Technologist with in 1998. Shell Eastern Petroleum Company (Singapore and the Netherlands) from 1974 to 1977; Executive He is non-executive Chairman of Autron Deputy Chairman of the Agency for Science, Corporation, and non-executive and independent Technology and Research from 2001 to 2003 Director of MMI Holdings. (a secondment from NUS) and Chairman of the

MR. POO TENG PIN Group’s Director of R&D and Executive Director

Mr. Poo is the Group’s Director of R&D, joined the He joined the Board on 24 May 2006 as an Group on 7 June 1999 and has over the years Executive Director. developed his capabilities in ﬁ rmware and software architectures. As Head of R&D, he is responsible for Mr. Poo holds a Diploma Multimedia Engineering the overall project planning and execution, which from the Nanyang Polytechnic and a Master includes initial conceptualisation design work right of Engineering, American University of Hawaii. through to registration of patentable products and He is also an inventor and holder of numerous the adoption of emerging technologies applicable patents. to Trek’s future R&D roadmap.

Trek 2000 International Ltd | Annual Report 2006 | 25 board of directors

MR. CHEAH KIM TECK and Thailand. He is also an advisory committee Independent, Non-Executive Director member of PT Tunas Ridean Tbk. He sits on the boards of Singapore Totalisator and Mapletree Mr. Cheah joined the Board on 22 March 2001 Logistics Trust Management Ltd and is a member and is also the Chairman of the Nominating of the Management Committee of the Singapore Committee. Turf Club. Prior to joining Jardine Cycle & Carriage Limited, he had held several senior marketing He is currently the CEO, Group Motor Operations positions in multinational companies, namely of Jardine Cycle & Carriage Limited (a listed McDonald’s Restaurant, Kentucky Fried Chicken company on the SGX-ST) excluding those held and Coca-Cola. by PT Astra International Tbk. In this capacity, he oversees the motor operations of Jardine He holds a Master’s degree in Marketing from the Cycle & Carriage Limited in Singapore, Malaysia University of Lancaster, United Kingdom.

MR. NOEL HON CHIA CHUN Independent, Non-Executive Director

Mr. Noel Hon joined the Board on 20 April 2004 BBM (L) in August 2003. In May 2003, he was also and appointed a member of the Audit Committee appointed as a Justice of Peace by the President on 24 March 2005. of the Republic of Singapore.

He is currently Chairman of NEC Solutions Asia He graduated from the University of Singapore Pacific and sits on the Boards of Singapore with a Bachelor of Science degree with Honours Health Services and Inland Revenue Authority of and a Post Graduate Diploma in Business Singapore as an Independent Director. Administration.

Mr. Noel Hon plays an active role in public service and was awarded the Public Service Star (Bar)

MR. YOSHIAKI SAKAI Independent, Non-Executive Director

Mr. Sakai joined the Board on 1 July 2004 as a recording / reproducing technology and Mr Sakai Non Executive and Independent Director. has been involved in the company for over the last ﬁ ve decades. He is the President of TEAC Corporation in Japan, a listed company on the Japan Stock Exchange. Mr. Sakai holds a Bachelor of Science degree from TEAC Corporation is a leading global company in Waseda University, Japan.

Trek 2000 International Ltd | Annual Report 2006 | 26 key management team

MR. KUAN MUN KWONG MR. CHAU JYH SHYONG Director, Business Development of the Mobile Country Manager, USA Media Solutions Division Mr. Chau joined Trekstor USA Inc in August 2001. Mr. Kuan joined the Group in July 1999 and is He is the Country Manager, and is responsible currently Director, Business Development of the for the company’s daily operations; technical Group’s Mobile Media Solutions Division. Prior to marketing and sales activities. He is a graduate joining the Group, he was a Development Assistant from the Nanyang Technological University of at the French Singapore Institute from 1988 to Singapore and holds an Electrical & Electronics 1991. Thereafter, he joined Thomson Multimedia Engineering degree. Asia Pte Ltd as a R&D Engineer from 1991 to June Mr. Chau started his career as a Systems Engineer 1999 where he was involved in the concept and with National Computer Systems where he development of CD products, CD servo analysis, acquired extensive experience in Information digital audio and Application Speciﬁ c Integrated Technology. Thereafter, he entereed into the Circuits (ASIC) development. consumer electronics sector when he joined Mr. Kuan, a holder and inventor of a patent, holds Teraoptix Inc as the Product Marketing Manager a Diploma in Electronics Engineering. for audio video products.

DR. SHEW PAUL WAIE MR. CLIFFORD CHEUNG TSZ KIN Director, Business Development Manager, R&D (Corporate and Institution Sectors) Mr. Cheung joined Trek in June 2003. Presently, he Dr. Shew joined the Group on 1 March 2006 is a manager of the research and development unit and brings with him 15 years of experience. He and is responsible for the fi rmware department. oversees new business opportunities in the areas Mr Cheung is a graduate from the Nanyang of security and strategic collaboration, including Polytechnic where he holds a Certifi cate of Merit in mergers and acquisitions. Dr. Shew was Assistant ECC. He also held a Degree (Honours) in Electrical Director of the Infocomm Development Authority & Electrical Engineering from the Nanyang of Singapore, where he was responsible for Technological University. promoting infocomm security in the industry and IT security evaluation standards. Previously, he was Senior Manager of the MR. CHAN KOON KEET National Computer Board, where he promoted Head of R&D, Kuala Lumpur, Malaysia the development of applications and services for Singapore’s broadband infrastructure. He also Mr. Chan is the Group’s Senior Engineer and Head worked in Taiwan at Microelectronics Technology of R&D in Kuala Lumpur. He joined the Group on where he led a team to develop broadband over 1 August 2001 and has over the years developed satellite technologies and at Aetex Biometric, he his capabilities to his current position. As Head co-invented a number of fi ngerprint recognition of R&D, he is responsible for the overall project technologies (two of which were granted US planning and execution, and also includes initial patents). In addition, he also held technical concept design right through to registration of positions at TriTech Microelectronics International patenable products. (a former subsidiary of Chartered Semiconductor Manufacturing). Mr. Chan holds a Degree in Electrical & Electronics Engineering. Dr. Shew received his Bachelor of Engineering degree and Ph.D in Electrical Engineering from the National University of Singapore.

Trek 2000 International Ltd | Annual Report 2006 | 27 Corporate Information

BOARD OF DIRECTORS NOMINATING COMMITTEE STOCK LISTING Cheah Kim Teck (Chairman) Singapore Stock Exchange Executive: Seah Moon Ming Ticker Symbol: TREK Henn Tan Henn Tan (Chairman and Chief Executive Offi cer) Foo Kok Wah SHARE REGISTRARS Gurcharan Singh REMUNERATION COMMITTEE Lim Associates (Pte) Ltd Poo Teng Pin Seah Moon Ming (Chairman) 3 Church Street Cheah Kim Teck #08-01 Samsung Hub Non-Executive and Independent: Henn Tan Singapore 049483 Seah Moon Ming (Vice Chairman) Chay Yee Meng COMPANY SECRETARIES AUDITORS Cheah Kim Teck Chua Su Li Ernst & Young Noel Hon Chia Chun Ng Kwee Lian One Raffl es Quay Yoshiaki Sakai #18-01 North Tower Hang Chang Chieh Singapore 048583 REGISTERED OFFICE 30 Loyang Way #07-13/14/15 AUDIT COMMITTEE Loyang Industrial Estate AUDIT PARTNER-IN-CHARGE Chay Yee Meng (Chairman) Singapore 508769 Tham Chee Soon Noel Hon Chia Chun Date of Appointment: Since Seah Moon Ming Telephone number : 6546 6088 fi nancial year ended 31 December 2005 Fax number : 6546 6066 www.trek2000.com.sg www.thumbdrive.com

Trek 2000 International Ltd | Annual Report 2006 | 28

30 Loyang Way #07-13/14/15 Loyang Industrial Estate Singapore 508769

Tel: 6546 6088 Fax: 6546 6066 www.trek2000.com.sg www.thumbdrive.com