8VIC Holdings Limited FY2020 Annual Report

8VIC Holdings Limited ... It has been slightly over a year since I was tasked to lead 8VI on a digital transformation and development path in order to ... 8VICHoldingsLimitedFY2020AnnualReport .AboutUs 8VICHoldingsLimited(“8VI”)isa Singapore-basedFinEduTechcompanyoperatingunderthebrand nameVI. Establishedin2008,VI(readas“vee”)istherepresentation ofourbeliefsandrootsinValueInvestingandempowersthe averageman-on-the-streettoachievesustainablewealthas partoftheirmissiontomakeinvestmentssmarter,fasterand easier.AtVI,weofferresults-orientedandprocess-driven analysispoweredbytechnology,aswellaspromoteinvestor educationandknowledgeexchangeonasingleplatform. .VIApp Smartstockanalysisandscreeningtool Poweredbytechnology,VIAppisasmartstockanalysistool whichrevolvesaroundtheneedsofacommunityofValue Investors.Withsimpleandeasy-to-usevisuals,wedistil informationfromthestockanalysisprocessandpresentit throughacomprehensiveandcustomisedframeworkwhich empowerstheman-on-the-streettoinvestsmarter,fasterand easier. ExploreMore .VICollege SpreadingValueInvestingknowledge totheworld Establishedsince2008 OfficesinSingapore,Malaysia,TaiwanandShanghai Supportingacommunityofvalueinvestorsglobally LearnMoreaboutVICollege .VICommunity Valueinvestorsbroughttogetherby VI Collegeand VI App OurVICommunityhasbeenthecornerstoneofoursuccess, comprisingarobustcommunityofValueInvestorswhowill enjoyaccesstolifelonglearningopportunities. Closeto 35,000 ProgrammeGraduates   Morethan 100,000 LivesTransformed     183% TotalUserGrowthRate *LastTwelveMonthsendingMarch2020 LearnMoreaboutVICommunity Letterfrom ourChairman FY2020hasbeenamilestoneyearinourstrategic transformation,andwehavebeenrelentlesslyworkingto developourcapabilitiestopavethefoundationforour successinthelast12months. Whiletheteamgainedmomentumandcontinuedtobuildon itseffortsasoutlinedinthepreviousyear,wewere cognisantoftheopportunitiesandchallengesthatawait uswiththecomingofthe4thindustrialrevolution.With thatinmind,wehavedevoted100%ofoureffortand energyindeliveringonourdigitaltransformationprocess thathasbeenputinplacesince2016. Messagefrom ourCEO IthasbeenslightlyoverayearsinceIwastaskedto lead8VIonadigitaltransformationanddevelopmentpath inordertoovercomethetraditionalearningchallenges andoperationallimitationsinconventionaleducationand trainingbusinesses. .OperatingandFinancialReview FY2020inReview TheGrouprecordedrevenueofS$10.9millioninFY2020as comparedtoS$22.3millioninthepreviouscorrespondingyear (FY2019).Thiswasmainlyattributabletotheone-off contributionfromthestrategicdisposaloftheDigitaland MarketingSegmentinFY2019,whichhadcontributedrevenueof S$9.4millioninthepreviousfinancialyearpriortodisposal, soastofocusourresourcesonexpandingtheFinEduTech businessinAsia-Pacific.Notwithstandingthesale,our revenuestandsatS$12.9million,representingadecreaseof 16%. ViewOperatingandFinancialReview .OperatingandFinancialReview StrategiesandFuturePlans Buildingarecurringrevenuemodelwithtechnology Weworktotransitionandretainevery“one-off” coursegraduatepersonaintoathrivingmemberofour VICommunity,sothattheycanbenefitfromthe continuoussupportandrepeatlearningopportunities throughtieredsubscriptionoptions. Acquisition,retention,andtechnologydevelopmentat ourcore Weplanandcreatecontentwhichis deployed across variousplatformstoacquirenewcustomers,build engagementandshowcasecontinual,newadditionsto ourprogrammes.Wearealsofocusedonbuilding retentionthroughacustomer-centriccultureand mindsettobringentirelifetimevalue.Aswedevelop ourtechnology,wecontinuouslybuildonexistingand newfeaturesthatenhanceuserexperience. Cementingourpositionincoremarkets Wearestrengtheningourpositioninhighlysuccessful andwell-adaptedEnglish,ChineseandMalaylanguage-speaking markets–Singapore,Malaysia,TaiwanandShanghai– whichwebelieveholdhealthygrowthpotential. Refiningourprogrammes Weare constantlyrefiningour programmes tocater to theriseofnewconsumptionhabits,aswellas the diverseandgrowingneedsofour VICommunity. Embracingnewwaysofworking Wehaveembraced newwaysofworkingbywayofgreater digitalizationonallfronts,including the progressiveautomationofouroperational processesandapplicationofdata analyticsonthe backendtooptimiseourbusiness decisions. ViewOperatingandFinancialReview .BoardofDirectors .profile{   name:CliveTan;   title: Non-Executive          Chairman; } .profile{   name:KenChee;   title: Executive          Director&CEO; } .profile{   name:PaulineTeo;   title: Executive          Director; } .profile{   name:CharlesMac;   title: Non-Executive          Director; } .KeyManagement .profile{   name:BernardSiah;   title: CTO,          8VI; } .profile{   name:GaryYeow;   title: Executive          Director,          8VI, Malaysia; } .profile{   name:JuannaChua;   title: Executive          Director,          8VI, China; } .profile{   name:WillHuang;   title: General          Manager,          8VI, Taiwan; } MeetOurTeam .Downloads 8VIFY2020 AnnualReport 8VIFY2020 AnnualReport ViewAnnualReport DownloadAnnualReport .core_values{