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SINGAPOREGES International Limited28 Marsiling Lane Singapore 739152Tel: (65) 6732 9898Fax: (65) 6368 6225

MALAYSIAEltech Electronics Technology (M) Sdn BhdPLO 34 FASA II Kawasan Perindustrian Senai 81400, Senai, Johor, MalaysiaTel: (607) 599 2511Fax: (607) 599 2521

USAEltech Electronics, Inc.790 Chelmsford Street Lowell, MA 01851-5133Tel: (978) 459 4434Fax: (978) 459 9925

CHINAShanghai GES Information Technology Co. LtdNo. 668 Li Shi Zhen RoadShanghai Zhangjiang Hi-Tech Park, Shanghai, China 201203Tel: (8621) 3898 4898Fax: (8621) 5080 6968

GES REPORT is published by GES International Limited. Design & Production by Citigate Su Yeang Design.

GES International Limited　Company Registration No.: 198601427R

LIMITED PUBLICATION

Summary Financial Report • Tuesday • September 27, 2005 • www.ges.com.sg

This year, GES celebrates a key milestone

– its 30th anniversary. Since it started on

15 March 1975 as a PC maker, the Group

has grown leaps and bounds to become a

major Original Design and Manufacturer

of Point of Sales Systems (POS) and

Industrial Products.

The pineapple is

known as a universal

symbol of hospitality

and welcome. It

suggests to all a

sign of friendliness,

warmth, cheer, and

graciousness.

GES was awarded

this symbolic award

for being its supplier

of the year by

MICROS Systems Inc,

a global leader in

the restaurant

industry.

Four years ago, GES decided to move into Original

Design and Manufacturing (ODM). As a result, the

Group is now seeing the results of this strategy –

GES is now a major ODM producer with the world’s

major Point-Of-Sale brands as our key clients.

The drive towards design and manufacturing has

enabled the Group grow its revenue and improve its

margins significantly.

This year, GES posted 29 per cent rise in profits – to a record of

$45.3m. Its revenue grew 15 per cent to $624.3m while earnings

per share increased to 6.2 Singapore cents from the previous

year’s 4.9 Singapore cents.

Significantly, our ODM-Industrial Products segment jumped by 76

per cent while ODM-POS segment went up by 21 per cent. These

achievements were a result of a deliberately focused strategy to

expand our stronghold in the POS market and also to develop

new growth areas by driving our Research & Development (R&D)

strategy into other industrial product segments.

Celebrating our 30th Anniversary

GES’ move to ODM a success.

GES posts 29% profit rise.

GES has since charted growth in each of the last 12 quarters, since we first embarked on our strategy.Mr Yeong, on the Group’s focus on becoming a significant ODM player.

Our Company

Mission

To be a leading global company in the provision of Research & Development Services and Global Supply Chain Management.

We deliver values and exceed customer’s expectations by executing better, faster thus making it cost effective for our customers.

GES International is a provider of

advanced electronics manufacturing

services to original equipment

manufacturers with worldwide,

world-class operations in China,

Singapore, Malaysia and the United

States. GES has decades of experience

in providing cost-effective, integrated

solutions to our customers. We offer

customised electronic manufacturing

services from conceptual product

design through aftermarket support.

GES International’s main philosophies

are: quality, service and flexibility at

all times to our customers.

Team Partnership Approach

GES International is your ideal

long-term partner for business

excellence.

Long Term Value Added Service

Product development process begins

with cost-effective design, assembly,

test, and component selection input

which continues throughout the life of

the product. On-going services include

customised packaging, configurable

products, depot repair, continuous

cost reduction programs and

sustaining engineering.

Supplier of the year award by MICROS SYSTEMS, INC.

03

Profit Attributable to Members of the Company

04

S$

m1

7.4

S$

m2

5.6

S$

m3

5.2

S$

m4

5.3

02 05

“

“

EXECUTIVE CHAIRMAN:

GOH LIK TUAN

SINGAPORE

GES is a diversified electronics

company that excels in

everything it does. In each of

the last 12 quarters, GES has

consistently reported growth

in revenue and profit. A son of

working-class Chinese

immigrants, Goh Lik Tuan

opened a small electronics

shop 30 years ago and went

on to build GES.

GES International Limited www.ges.com.sg

We deliver outstanding performance.

“Being One of the 300 Best Small Companies” by Forbes Global, October 2000

Think beyond success,

and back up

your words with

action.

Again, GES was recognised to be an outstanding organisation in

delivering values and customer’s expectation.

www.ges.com.sg

Financial Year Ended

30th June 2005

Turnover:

$624.3m + 15%

Profit After Tax:

$45.3m + 29%

1

GES International Limited and Subsidiary Companies Summary Financial Report 2005

GES International LimitedCompany Registration No.: 198601427R(Incorporated in the Republic of Singapore)

BOARD OF DIRECTORS

Goh Lik Tuan Executive ChairmanDaniel Yeong Bou Wai Managing DirectorTan Geh Executive DirectorSteven Lim Kok Hoong Independent DirectorLow Seow Juan Independent DirectorLee Boon How Independent Director

AUDIT COMMITTEE

Steven Lim Kok Hoong – ChairmanLow Seow JuanLee Boon How

NOMINATING COMMITTEE

Lee Boon How – ChairmanSteven Lim Kok HoongLow Seow Juan

REMUNERATION COMMITTEE

Low Seow Juan – ChairmanGoh Lik TuanLee Boon How

SECRETARIES

Lau Wee NahTan San-Ju

REGISTERED OFFICE

28 Marsiling Lane, Singapore 739152Tel: (65) 6732 9898 Fax: (65) 6368 6225E-mail: [email protected]: www.ges.com.sg

SHARE REGISTRAR

Lim Associates (Pte) Ltd10 Collyer Quay #19-08, Ocean Building, Singapore 049315Tel: (65) 6536 5355 Fax: (65) 6536 1360

AUDITORS

Ernst & Young10 Collyer Quay #21-01, Ocean Building, Singapore 049315

AUDIT PARTNER-IN-CHARGE

Steven PhanDate of Appointment: 2005

PRINCIPAL BANKERS

• ABN-Amro Bank N.V.• BNP PARIBAS, Singapore Branch• Citibank, N.A.• DBS Bank Ltd• Deutsche Bank AG, Singapore Branch• Malayan Banking Berhad• Oversea Chinese Banking Corporation Limited• United Overseas Bank Limited• UFJ Bank Limited, Singapore Branch STOCK EXCHANGE LISTING

The company’s shares are quoted on:• Singapore Exchange Securities Trading Limited

CORPORATE DATACONTENTS

Corporate Data 1

Chairman’s Statement 2

Directors’ Report 4

Auditors’ Report to the membersof GES International Limited 10

Balance Sheets 11

Consolidated Profit and LossAccount 12

Statements of Changes in Equity 13

Consolidated Statement of Cash Flows 14

Notes to the Summary FinancialStatements 15

Shareholders’ Information 18

Notice of Annual General Meeting 19

Notice of Books Closure 20

Proxy Form 21

Request Form 23

2


CHAIRMAN’S STATEMENT

This year, GES celebrates two milestones – its 30th anniversary and a record in profits. The Group achieved record profit of $45.3m, marking its successful transformation into a major Original Design and Manufacturer (ODM) of Point of Sales Systems (POS) and Industrial Products, which resulted from the implementation of its strategy, put in place four years ago. GES has since charted growth in each of the last 12 quarters and we now have the world’s major POS brands as our key clients. The drive towards design and manufacturing has helped the Group grow its revenue beyond the ODM-POS segment to include the ODM-Industrial Product Segment, and improve its margins.

PERFORMANCE REVIEWI am pleased to report that the Group’s revenue grew 15 per cent to $624.3m, and profit after tax jumped 29 per cent to a record $45.3m. Earnings per share increased to 6.2 Singapore cents from the previous year’s 4.9 Singapore cents.

Significantly, our ODM-Industrial Products grew by 76 per cent while ODM-POS went up by 21 per cent.

These results were achieved through a deliberately focused strategy to expand our stronghold in the POS market and also to develop new growth areas by channeling our Research & Development (R&D) strategy into other industrial product segments.

Our customers have also affirmed our success by rewarding us with their awards and accolades. For example, our Group received “The Supplier of the Year” Award from NCR over the past three years, and similar awards from Micros and IBM over the years.

We believe that these awards testified to our strong research, development, design and engineering competencies, and our high quality and flexible manufacturing services.

Our strategy to secure new Original Equipment Manufacturing (OEM) customers is also bearing fruit. The Group saw its OEM division grow 9 per cent in the 4th quarter, after recording declines in the previous two financial quarters. These new OEM customers offer the Group realistic opportunities to be converted into ODM in the near future.

We remain committed to improving our working capital cycle and have made significant progress this year. The Group generated record cash from operations of $87.1m over the past

year. As a result, our cash and deposit balances increased to $87.2m compared to $30.4m in the previous year. We are pleased to be able to increase our final dividend recommendation to 2 cents per share. Including the interim dividend paid of 1.5 cents per share, our total dividend payout increased to 3.5 cents per share this year from a total 2.5 cents per share paid in respect of the previous financial year.

OPERATIONAL REVIEWOur facilities in Singapore, Malaysia, China and the United States, which support our ODM- POS, ODM-Industrial Products and OEM businesses, are operating efficiently and continuing to generate economies of scale.

Our Group increased the capacity at the existing Malaysian plant by buying an adjoining land and plant. With the addition of another 60,000 sq feet, the Malaysian plant now has a total of 210,000 sq feet manufacturing and assembly floor space to meet our expanding requirements.

The Group expanded its operational presence to China through its Shanghai facility, which was established in March 2004. We have increased our staff strength to help support this 215,000 sq feet facility with its state-of-the-art equipment. Shanghai’s revenue has also doubled.

Currently the largest and most sophisticated plant in the Group’s operations, the Shanghai facility also includes the Group’s only offshore R&D Centre. This centre has enabled the Group to tap on a larger pool of engineers, who work closely with the Singapore-headquartered R&D team to come up with innovative ODM solutions for our customers. Their combined strong design and engineering competencies are an invaluable asset to the Group.

The Group is also building an Electromagnetic Compatibility Centre (EMC) and Electrostatic Discharge (ESD) Test Centre at its facility in Shanghai. Scheduled for completion in December 2005, the test centre will help the Group shorten its design cycle time by bringing agency testing in-house.

GES’ four facilities – at Lowell in Massachusetts, United States; Singapore, Malaysia and Shanghai, are well recognised for their high quality and flexible manufacturing services.

3


30TH ANNIVERSARY MILESTONEAs we celebrate our 30th anniversary milestone this year, we can look at our past and present achievements with satisfaction. Firstly, we were adaptable and able to respond and move effectively ahead of the changes in the business environment. From our initial humble beginnings as a PC maker, we were able to transform ourselves into an ODM company. We had foreseen that the PC business environment was moving into an extremely volatile phase with unpredictable margins, and thus, we decided to exit from the market in early 2000.

Secondly, we had recognised the importance of being a full service ODM provider and had sought to dif ferentiate ourselves from other contract manufacturers. We did this by establishing ourselves as a very important player in the POS industry with a stronghold in the niche POS market with the world’s leading POS brands such as IBM, NCR and Micros as our key customers.

Thirdly, we were and continue to be forward looking. Although we have built a very successful and powerful niche in the POS industry, we are not resting on our laurels. We have today developed another niche in the ODM-Industrial Products market, which offers greater opportunities in terms of product range and is a far bigger market than POS. This segment grew 76 per cent in the financial year ended 30 June 2005. Through this approach, the Group has developed another important growth area, which will make greater use of our design and build expertise and help generate more revenues and profits in the future.

OUTLOOK AND ACKNOWLEDGEMENTSWe are looking boldly forward to the future – to continue driving our business towards full turnkey Design and Manufacturing services, through our three pronged approach; capitalise on our strengths with existing ODM customers; “convert and penetrate” existing OEM customers to convert them into ODM customers; and “close and convert” – close new OEM customers with a potential to be converted into ODM customers. With this strategy, we are and will continue to deliver value and exceed customer’s expectations by executing better and faster, thus making it cost-effective for our customers. Indeed, the outlook for our Group is positive with new models rolling out from our stable of existing POS customers and new industrial customers in the coming year.

It has been a challenging and fruitful year for the Group. On behalf of the Board, I would like to extend my sincere appreciation to the loyal support of our customers, shareholders, investors, business partners and suppliers, management and employees.

We are grateful to our customers, partners and suppliers for their continued partnership over the years. Indeed, without your help, we would not be able to achieve what we are today and we look forward to strengthening our business partnerships in the future.

We would also like to express my heartfelt appreciation to the Group’s employees and management team for their commitment, passion and dedication in helping to fulfill the Group’s vision and goals over the years. We are confident that with their teamwork, we can go on to greater heights.

Last but not least, we are grateful to all our shareholders for their encouragement and invaluable support. We thank you for enabling us to achieve our vision and successfully implement our strategy through all the years, and continue to look forward to your continued encouragement and invaluable support.

On behalf of the Board, I am pleased to recommend a final dividend payout of 2.0 Singapore cents per share for the financial year ended 30 June 2005. This is subject to confirmation by our shareholders at the forthcoming Annual General Meeting.

GOH LIK TUANExecutive Chairman

CHAIRMAN’S STATEMENT (CONT’D)

4


IMPORTANT NOTEThe Summary Financial Statements of the Group as set out in pages 11 to 17 does not contain sufficient information to allow for a full understanding of the results and state of affairs of the Company or of the Group. For further information, the full annual financial statements, the auditors’ report on those financial statements, and the directors’ report should be consulted. Shareholders may request a copy of the full annual report at no cost from the Share Registrars. Please use the Request Slip at the end of this Summary Financial Statement.

DIRECTORSThe directors of the Company in office at the date of this report are:

Goh Lik Tuan (Chairman)Yeong Bou Wai (Managing Director)Tan Geh Steven Lim Kok Hoong Low Seow Juan Lee Boon How

ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE SHARES OR DEBENTURESNeither at the end of nor at any time during the financial year was the Company a party to any arrangement whose object is to enable the directors of the Company to acquire benefits by means of the acquisition of shares or debentures of the Company or any other body corporate, other than pursuant to the Employees’ Share Option Scheme.

DIRECTORS’ REPORT (Amounts expressed in Singapore dollars unless otherwise stated)

SHARE OPTIONSThe GES International Limited Employees’ Share Option Scheme (“the Scheme”) enables selected employees of the Company and its subsidiaries including directors of the Company to subscribe for ordinary shares of $0.20 each in the capital of the Company. The size of the Scheme will not be more than 15% of the issued share capital of the Company at any time.

The Scheme is administered by the Scheme’s Committee, consisting of two directors and three executive employees of the Company:

(i) Low Seow Juan (Director and Chairman of the Remuneration Committee)(ii) Goh Lik Tuan (Director and Member of the Remuneration Committee)(iii) Ng Won Lein(iv) Carol Tejosukmono(v) Quek Pek Chuan

During the financial year, offers of options were granted to the employees pursuant to the Scheme in respect of 11,860,000 (2004 : 7,274,000) unissued shares of $0.20 each in the Company at an offer price of $0.55 (2004 : $0.56) per share as detailed below.

Other information regarding the Scheme is set out below:

(i) The exercise price of the option can be set at a discount to the market price not exceeding 20% of the market price at the time of grant; and

(ii) The shares under option is to be exercised in whole or in part, provided that an option may be exercised in part only in respect of 1,000 shares or any multiple thereof on the payment of the exercise price.

These options do not entitle the holder to participate, by virtue of the options, in any share issue of any other corporation.

5


DIRECTORS’ REPORT (CONT’D) (Amounts expressed in Singapore dollars unless otherwise stated)

SHARE OPTIONS (CONT’D)At the end of the financial year, options to take up 38,172,120 unissued shares of $0.20 each in the Company were outstanding:

Exercise period Number of options to subscribe for unissued ordinary shares of $0.20 each Balance as at Exercise 1 July 2004/ Total lapsed/ Balance as at Date of grant From To price $ later date of grant Total exercise cancelled 30 June 2005

4.4.2001 5.4.2003 4.4.2011 0.35 421,140 195,420 – 225,7204.4.2001 5.4.2004 4.4.2011 0.35 2,186,340 851,500 720 1,334,1204.4.2001 5.4.2005 4.4.2011 0.35 2,296,280 1,050,080 166,800 1,079,4004.4.2001 5.4.2006 4.4.2011 0.35 2,296,280 – 211,280 2,085,000 7,200,040 2,097,000 378,800 4,724,240

4.4.2001 5.4.2003 4.4.2006 0.35 250,200 – 83,400 166,8004.4.2001 5.4.2004 4.4.2006 0.35 125,100 – 41,700 83,4004.4.2001 5.4.2005 4.4.2006 0.35 125,100 – 41,700 83,400 500,400 – 166,800 333,600

2.5.2002 3.5.2004 2.5.2012 0.39 3,422,040 2,308,040 160,000 954,0002.5.2002 3.5.2005 2.5.2012 0.39 2,201,960 938,400 459,000 804,5602.5.2002 3.5.2006 2.5.2012 0.39 2,139,960 – 487,000 1,652,9602.5.2002 3.5.2007 2.5.2012 0.39 2,139,960 – 487,000 1,652,960 9,903,920 3,246,440 1,593,000 5,064,480

11.11.2002 12.11.2004 11.11.2012 0.28 3,234,160 2,639,600 13,120 581,44011.11.2002 12.11.2005 11.11.2012 0.28 1,617,080 – 26,560 1,590,52011.11.2002 12.11.2006 11.11.2012 0.28 1,617,080 – 26,560 1,590,52011.11.2002 12.11.2007 11.11.2012 0.28 1,617,080 – 26,560 1,590,520 8,085,400 2,639,600 92,800 5,353,000

6



SHARE OPTIONS (CONT’D)

Exercise period Number of options to subscribe for unissued ordinary shares of $0.20 each Balance as at Exercise 1 July 2004/ Total lapsed/ Balance as at Date of grant From To price $ later date of grant Total exercise cancelled 30 June 2005

14.4.2003 15.4.2005 14.4.2013 0.27 1,770,000 410,000 – 1,360,00014.4.2003 15.4.2006 14.4.2013 0.27 885,000 – – 885,00014.4.2003 15.4.2007 14.4.2013 0.27 885,000 – – 885,00014.4.2003 15.4.2008 14.4.2013 0.27 885,000 – – 885,000 4,425,000 410,000 – 4,015,000

3.3.2004 4.3.2006 3.3.2014 0.56 2,889,600 – 48,880 2,840,7203.3.2004 4.3.2007 3.3.2014 0.56 1,444,800 – 24,440 1,420,3603.3.2004 4.3.2008 3.3.2014 0.56 1,444,800 – 24,440 1,420,3603.3.2004 4.3.2009 3.3.2014 0.56 1,444,800 – 24,440 1,420,360 7,224,000 – 122,200 7,101,800

16.3.2005 17.3.2007 16.3.2015 0.55 4,789,000 – 112,000 4,677,00016.3.2005 17.3.2008 16.3.2015 0.55 2,394,500 – 56,000 2,338,50016.3.2005 17.3.2009 16.3.2015 0.55 2,394,500 – 56,000 2,338,50016.3.2005 17.3.2010 16.3.2015 0.55 2,282,000 – 56,000 2,226,000 11,860,000 – 280,000 11,580,000 49,198,760 8,393,040 2,633,600 38,172,120

7



SHARE OPTIONS (CONT’D)Details of the option to subscribe for ordinary shares of $0.20 each in the Company granted to the directors of the Company pursuant to the scheme are as follows:

Aggregate options granted since Aggregate options Exercise price for commencement execised since Aggregate options Options granted options granted of Scheme to end commencement outstandingDirector of during financial during financial of financial year of Scheme to end at end of financial the Company year under review year under review under review of financial year Options lapsed year under review

Yeong Bou Wai 5,000,000 0.55 8,336,000 2,224,000 – 6,112,000Tan Geh – – 2,500,000 400,000 – 2,100,000Steven Lim Kok Hoong 150,000 0.55 150,000 – – 150,000Lee Boon How 150,000 0.55 150,000 – – 150,000Low Seow Juan 150,000 0.55 150,000 – – 150,000

Except as disclosed above, no other directors were granted options under this Scheme.

No option was granted pursuant to rule 854 of the SGX – ST Listing Manual.

At the end of the financial year, there were:

(i) no unissued shares of the Company under option except for the options granted under the Scheme as detailed above; and

(ii) no unissued shares of the subsidiaries under option.

8



DIRECTORS’ INTERESTS IN SHARES OR DEBENTURESThe following directors, who held office at the end of the financial year, had, according to the register of directors’ shareholdings required to be kept under Section 164 of the Singapore Companies Act, Cap. 50, an interest in shares of the Company and related corporations, as stated below:

Shareholdings in which the director Held by director is deemed to have an interest 1 July 2004/ 30 June 21 July 1 July 2004/ 30 June 21 July later date of appointment 2005 2005 later date of appointment 2005 2005

GES International LimitedOrdinary shares of $0.20 each

Goh Lik Tuan 71,616,921 71,616,921 71,616,921 107,501,611 107,501,611 107,501,611Yeong Bou Wai 7,925,484 7,925,484 7,925,484 – – – Tan Geh – 400,000 400,000 – – – Lee Boon How 50,000 50,000 50,000 197,000 77,000 77,000

Options to subscribe for ordinary shares of $0.20 each

Yeong Bou Wai 1,112,000 6,112,000 6,112,000 – – – Tan Geh 2,500,000 2,100,000 2,100,000 – – – Steven Lim Kok Hoong – 150,000 150,000 – – – Lee Boon How – 150,000 150,000 – – – Low Seow Juan – 150,000 150,000 – – –

No other director had an interest in any shares or debentures of the Company or related corporations either at the beginning of the financial year, date of appointment, or end of the financial year or 21 July 2005.

DIRECTORS’ CONTRACTUAL BENEFITSExcept as disclosed in the financial statements, since the end of the previous financial year, no director of the Company has received or become entitled to receive a benefit by reason of a contract made by the Company or a related corporation with the director, or with a firm of which the director is a member, or with a company in which the director has a substantial financial interest.

9


AUDIT COMMITTEEThe Audit Committee comprises three independent non-executive directors, one of whom is also the Chairman of the Audit Committee. The members of the Audit Committee in office as at the date of this report are:

Steven Lim Kok Hoong (Chairman)Low Seow JuanLee Boon How

The Audit Committee performs its functions in accordance with Section 201B(5) of the Singapore Companies Act, Cap 50 and the requirements of the Singapore Exchange and Code of Corporate Governance Best Practices Guides. In performing those functions, the Audit Committee reviewed the overall scope of external audits and the assistance given by the Company’s officers to the auditors. The Audit Committee met with the external and internal auditors to discuss the results of their audits and their evaluation of the systems of internal accounting controls. The Audit Committee also reviewed the financial statements of the Company and the consolidated financial statements of the Group for the year ended 30 June 2005, as well as the external auditors’ report thereon.

In addition, the Audit Committee also reviewed any interested party transaction arising in the financial year ended 30 June 2005 in accordance with Chapter 9 of the Singapore Exchange’s Listing Manual and its corporate governance procedures.

The Audit Committee has recommended to the Board of directors that the auditors, Ernst & Young, be nominated for re-appointment as auditors at the forthcoming Annual General Meeting of the Company.

AUDITORSErnst & Young have expressed their willingness to accept re-appointment as auditors.

On behalf of the board of directors,

Goh Lik TuanDirector

Yeong Bou WaiDirector

Singapore1 September 2005


10


AUDITORS’ REPORT TO THE MEMBERS OF GES INTERNATIONAL LIMITED

We have examined the summary financial statements set out on pages 4 to 17.

In our opinion, the summary financial statement is consistent, in all material aspects, with the full financial statements and Directors’ Report of GES International Limited and its subsidiaries for the financial year ended 30 June 2005 from which they were derived and complies with the requirements of Section 203A of the Companies (Amendment) Act 1995 and Regulations made thereunder.

In our auditors’ report dated 1 September 2005, which is reproduced below, we expressed an unqualified opinion on the financial statements of GES International Limited and its subsidiaries.

We have audited the accompanying financial statements of GES International Limited (the “Company”) and its subsidiaries (the “Group”) set out on pages 11 to 17 for the year ended 30 June 2005. These financial statements are the responsibility of the Company’s directors. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with Singapore Standards on Auditing. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the directors, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion,

(a) the consolidated financial statements of the Group and the balance sheet and statement of changes in equity of the Company are properly drawn up in accordance with the provisions of the Singapore Companies Act, Cap. 50 (the “Act”) and Singapore Financial Reporting Standards so as to give a true and fair view of the state of affairs of the Group and of the Company as at 30 June 2005 and the results of the Group, changes in equity of the Group and of the Company and cash flows of the Group for the financial year ended on that date; and

(b) the accounting and other records required by the Act to be kept by the Company and by those subsidiaries incorporated in Singapore of which we are the auditors have been properly kept in accordance with the provisions of the Act.

For a better understanding of the financial position of the Company and the Group and the results of the operations of the Group for the year and of the scope of our audit, the summary financial statements should be read in conjunction with the full financial statements from which the summarised financial statement was derived and our audit report thereon.

ERNST & YOUNGCertified Public Accountants

Singapore1 September 2005

11


BALANCE SHEETS as at 30 June 2005

(Amounts expressed in Singapore dollars)

Group Company 2005 2004 2005 2004 $’000 $’000 $’000 $’000

Non-current assetsProperty, plant and equipment 69,798 70,576 – – Interest in subsidiaries – – 174,230 133,330Interest in joint venture company 2,587 – – – Other investments 479 3,710 1 11Goodwill 11,752 11,752 – – Deferred tax assets 867 757 – –

Current assetsStocks 92,923 122,794 – – Trade debtors 112,630 124,252 – – Other debtors, deposits and prepayments 4,393 7,497 26 26Other investments 5,057 5,057 – – Due from subsidiaries (non-trade) – – 3,202 18,287Fixed deposits 42,695 15,456 – – Cash and bank balances 44,456 14,939 451 645 302,154 289,995 3,679 18,958

Current liabilitiesTrade creditors 78,773 90,073 11 8Other creditors and accruals 29,539 27,974 598 583Due to related parties (non-trade) – 1,467 – –Due to subsidiaries (non-trade) – – 22,015 – Provision for taxation 3,862 3,531 53 53Short-term bank loans, unsecured 13,448 13,033 – – Finance lease liabilities, current 676 1,088 – – 126,298 137,166 22,677 644

Net current assets 175,856 152,829 (18,998 ) 18,314

Group Company 2005 2004 2005 2004 $’000 $’000 $’000 $’000

Non-current liabilitiesDeferred tax liabilities 204 207 – – Finance lease liabilities 593 1,450 – – (797 ) (1,657 ) – –

Net assets 260,542 237,967 155,233 151,655

EquityShare capital 146,998 145,319 146,998 145,319Share premium 5,091 3,919 5,091 3,919Accumulated profits 112,917 89,516 3,144 2,417Translation reserve (4,496 ) (885 ) – – 260,510 237,869 155,233 151,655Minority interests 32 98 – –

Equity and minority interests 260,542 237,967 155,233 151,655

12


CONSOLIDATED PROFIT AND LOSS ACCOUNT for the year ended 30 June 2005


2005 2004 $’000 $’000

Turnover 624,311 541,825

Cost of sales (534,534 ) (465,320 )

Gross profit 89,777 76,505

Other income 372 673

Distribution and selling expenses 10,498 7,457Administrative and other operating expenses 29,886 27,700

Operating expenses (40,384 ) (35,157 )

Profit from operations 49,765 42,021

Finance income/(expenses), net 851 (639 )

Profit from operations before share of results of joint venture 50,616 41,382

Share of results of joint venture company (3 ) –

Profit before taxation 50,613 41,382

Taxation (5,287 ) (6,141 )

Profit after taxation 45,326 35,241Minority interests 1 1

Net profit attributable to shareholders 45,327 35,242

Earnings per share cents cents

Basic 6.20 4.89Diluted 6.15 4.88

13


STATEMENTS OF CHANGES IN EQUITY for the year ended 30 June 2005


Share Share Accumulated TranslationGroup capital premium profits reserve Total $’000 $’000 $’000 $’000 $’000

Balance at 1 July 2003 142,800 1,915 68,713 (974 ) 212,454Net profit attributable to shareholders – – 35,242 – 35,242Dividends – – (14,439 ) – (14,439 )Issue of ordinary shares 2,519 – – – 2,519Premium on issuance of ordinary shares – 2,004 – – 2,004Translation adjustment – – – 89 89

Balance at 1 July 2004 145,319 3,919 89,516 (885 ) 237,869Net profit attributable to shareholders – – 45,327 – 45,327Dividends – – (21,926 ) – (21,926 )Issue of ordinary shares 1,679 – – – 1,679Premium on issuance of ordinary shares – 1,172 – – 1,172Translation adjustment – – – (3,611 ) (3,611 )

Balance at 30 June 2005 146,998 5,091 112,917 (4,496 ) 260,510

Share Share Accumulated Company capital premium profits Total $’000 $’000 $’000 $’000

Balance at 1 July 2003 142,800 1,915 1,182 145,897Net profit attributable to shareholders – – 15,674 15,674Issue of ordinary shares 2,519 – – 2,519Premium on issuance of ordinary shares – 2,004 – 2,004Dividends – – (14,439 ) (14,439 )

Balance at 1 July 2004 145,319 3,919 2,417 151,655Net profit attributable to shareholders – – 22,653 22,653Issue of ordinary shares 1,679 – – 1,679Premium on issuance of ordinary shares – 1,172 – 1,172Dividends – – (21,926 ) (21,926 )

Balance at 30 June 2005 146,998 5,091 3,144 155,233

14


CONSOLIDATED STATEMENT OF CASH FLOWS for the year ended 30 June 2005


Note 2005 2004 $’000 $’000

Cash flows from operating activitiesReceipts from customers 697,217 549,741Payments to suppliers and employees (605,640 ) (528,247 )Interest paid (584 ) (989 )Income tax refund 452 – Income tax paid (5,333 ) (3,571 )Interest received 1,021 422

Net cash generated from operating activities 87,133 17,356

Cash flows from investing activities

Purchase of property, plant and equipment A (10,857 ) (10,439 )Proceeds from sale of property, plant and equipment 477 91Purchase of equity shares in other investments – (2,734 )Payment to minority shareholders (64 ) – Proceeds from minority shareholders – 64Disposal of subsidiary (4 ) –

Net cash used in investing activities (10,448 ) (13,018 )

Cash flows from financing activities

Proceeds from issue of shares 2,851 4,524Proceeds from borrowings 13,448 9,336Repayment of borrowings (13,033 ) (22,427 )Payment of dividends (21,926 ) (14,439 )Repayment of finance lease obligations (1,269 ) (1,393 )Proceeds from finance lease obligations – 100

Net cash used in financing activities (19,929 ) (24,299 )

Net increase/(decrease) in cash and cash equivalents 56,756 (19,961 )

Cash and cash equivalents at beginning of financial year 30,395 50,356

Cash and cash equivalents at end of financial year 87,151 30,395

A. Payments for property, plant and equipment During the financial year, the Group acquired property, plant and equipment with an aggregate cost of approximately $10,857,000 (2004 : $10,439,000) of which $ nil (2004 : $100,000)

were acquired under finance leases. Cash payments of approximately $10,857,000 (2004 : $10,339,000) were made to purchase the property, plant and equipment.

15


NOTES TO THE SUMMARY FINANCIAL STATEMENTS 30 June 2005

(Amounts in Singapore dollars)

MATERIAL CHANGE IN ACCOUNTING POLICIESThe Group adopted FRS 103, “Business Combinations”, together with revised FRS 36, “Impairment of Assets” and revised FRS 38, “Intangible Assets”, which became effective from financial year beginning 1 July 2004.

FRS 103 applies to accounting for business combinations from financial year beginning on or after 1 July 2004. The effect of the adoption of FRS 103 is that upon acquisition of subsidiaries or business undertakings, the Group will include items like intangible assets and contingent liabilities as part of the identifiable assets and liabilities acquired, at their fair values as at the acquisition date.

Additionally, the adoption of FRS 103 and 38 has resulted in the Group ceasing annual amortisation and to test for impairment annually (unless an event occurs during the financial year which requires the goodwill to be tested more frequently) from 1 July 2005. The transitional provisions for FRS 103 have required the Group to eliminate the carrying amount of the accumulated amortisation by $4,893,000 with a corresponding entry to goodwill.

These standards are applied on a prospective basis effective from 1 July 2004 and accordingly do not affect the Group’s financial statements for the previous financial year ended 30 June 2004.

RELATED PARTY DISCLOSURESDuring the financial year, the Group did not enter into transactions with related parties.

Group 2005 2004 $’000 $’000

Sales to related parties – 761Services from related parties – 1,568Purchases from related parties – 785Rental income from related parties – 198

DIVIDENDS

Group and Company 2005 2004 $’000 $’000

Final tax exempt dividend paid in respect of the previous financial year of 7.5 % ($0.015) per ordinary share [2004 : 5% ($0.010)] 10,945 7,219

Interim tax exempt dividend paid in respect of the financial year of 7.5 % ($0.015) per ordinary share [2004 : 5% ($0.010)] 10,981 7,220 21,926 14,439

Final tax exempt dividend proposed in respect of the financial year of 10% ($0.02) per ordinary share [2004 : 7.5% ($0.015)] 14,700 10,899

16


NOTES TO THE SUMMARY FINANCIAL STATEMENTS (CONT’D) 30 June 2005


SEGMENT INFORMATION

(a) Geographical segments The Group operates in four principal geographical locations, namely Singapore, Malaysia, Asia (including China but excluding Singapore and Malaysia) and USA. The information presented

below is based on the geographical location in which the assets are located in.

Asia (including China excluding Singapore Singapore Malaysia and Malaysia) USA Eliminations Group 2005 2004 2005 2004 2005 2004 2005 2004 2005 2004 2005 2004 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

External sales 431,485 359,597 151,715 148,948 3,429 279 37,682 33,001 – – 624,311 541,825 Intersegment sales 7,486 8,601 12,913 16,314 18,161 12,091 – – (38,560 ) (37,006 ) – – Investment income 23,639 16,500 – – – – – – (23,639 ) (16,500 ) – – Total revenue 462,610 384,698 164,628 165,262 21,590 12,370 37,682 33,001 (62,199 ) (53,506 ) 624,311 541,825 Segment results 33,235 27,515 15,858 14,432 (1,329 ) (1,736 ) 2,001 1,810 – – 49,765 42,021 Unallocated corporate expenses – – Profit from operations 49,765 42,021 Finance income/(expenses), net 851 (639 ) Share of results of joint venture company (3 ) – Taxation (5,287 ) (6,141 ) Profit after taxation 45,326 35,241 Minority interests 1 1 Profit from ordinary activities 45,327 35,242 Segment assets 251,787 249,044 77,128 72,085 31,053 30,677 26,802 24,227 – – 386,770 376,033 Unallocated assets 867 757 Total assets 387,637 376,790 Segment liabilities 74,783 89,090 25,744 23,198 18,435 17,746 4,067 5,051 – – 123,029 135,085 Unallocated liabilities 4,066 3,738 Total liabilities 127,095 138,823 Capital expenditure 4,148 1,500 5,700 742 770 7,695 239 502 – – 10,857 10,439 Depreciation 4,472 4,859 1,927 1,815 1,314 673 1,530 1,769 – – 9,243 9,116 Amortisation of goodwill – 701 – – – 112 – – – – – 813 Other non cash expenses 6,033 2,856 176 39 84 13 172 236 – – 6,465 3,144

17


SEGMENT INFORMATION (CONT’D)

(b) Business segments The Group has classified its business activities into the following segments:

– Manufacturing and sales of Original Design and Manufacture Products – Point of Sales Systems (POS); – Manufacturing and sales of Original Design and Manufacture Products – Industrial Products; and – Manufacturing and sales of Original Equipment and Manufacture Products

The directors are of the opinion that, aside from turnover which can be distinguished among the three business segments, there is no reasonable basis for the allocation of assets and capital expenditure by the three business segments.

Turnover 2005 2004 $’000 $’000

Original Design and Manufacture Products – POS 420,082 347,766 Original Design and Manufacture Products – Industrial Products 72,159 41,072 Original Equipment and Manufacture Products 132,070 152,987 624,311 541,825

NOTES TO THE SUMMARY FINANCIAL STATEMENTS (CONT’D) 30 June 2005


18


SHAREHOLDERS’ INFORMATION as at 5 September 2005

Authorised share capital : S$300,000,000.00Issued and fully paid-up capital : S$147,388,619.40Class of shares : Ordinary share of $0.20 eachVoting rights : One vote per ordinary share

DISTRIBUTION OF SHAREHOLDINGS

Size of Shareholdings No. of Shareholders % No. of Shares %

1 – 999 457 2.82 149,986 0.021,000 – 10,000 12,428 76.74 53,058,150 7.2010,001 – 1,000,000 3,282 20.27 110,915,150 15.051,000,001 and above 28 0.17 572,804,251 77.73Total 16,195 100.00 736,927,537 100.00 TWENTY LARGEST SHAREHOLDERS No. Name No. of Shares %

1 Raffles Nominees Pte Ltd 129,262,521 17.542 Citibank Nominees Singapore Pte Ltd 103,641,091 14.063 DBS Nominees Pte Ltd 88,152,679 11.964 HSBC (Singapore) Nominees Pte Ltd 82,377,808 11.185 Merrill Lynch (Singapore) Pte Ltd 38,885,797 5.286 Liew Kim Choo 26,354,891 3.587 Goh Lik Tuan 23,616,921 3.208 United Overseas Bank Nominees Pte Ltd 15,738,825 2.149 Morgan Stanley Asia (Singapore) Securities Pte Ltd 12,331,000 1.6710 Yeong Bou Wai 7,925,484 1.0811 ICBC (Singapore) Nominees Ltd 6,752,000 0.9212 OCBC Nominees Singapore Private Ltd 5,423,020 0.7413 CIMB-GK Securities Pte. Ltd. 4,294,452 0.5814 UOB Kay Hian Pte Ltd 3,241,080 0.4415 DB Nominees (S) Pte Ltd 3,168,000 0.4316 OCBC Securities Private Ltd 2,981,420 0.4017 Singapore Nominees Pte Ltd 2,359,000 0.3218 Phillip Securities Pte Ltd 2,007,315 0.2719 Hong Leong Finance Nominees Pte Ltd 1,822,000 0.2520 Richard John Colless 1,800,000 0.24 Total 562,135,304 76.28

SUBSTANTIAL SHAREHOLDERS(As recorded in the Register of Substantial Shareholders)

Direct Interest % Deemed Interest %

Goh Lik Tuan 71,616,921 9.72 107,501,611 14.59Liew Kim Choo 82,354,891 11.18 96,763,641 13.13The Capital Group of Companies, Inc. 36,968,000 5.02 Nil Nil

PUBLIC FLOATRule 723 of the Listing manual of the Singapore Exchange Securities Trading Limited requires that at least 10% of the equity securities (excluding preference shares and convertible equity securities) of a listed company in a class that is listed is at all times held by the public. The Company has complied with this requirement. As at 5 September 2005, approximately 70% of its Shares listed on the Singapore Exchange Securities Trading Limited were held in the hands of the public.

Notes:

1. Mr Goh Lik Tuan is deemed to have an interest in the shares held by Mdm Liew Kim Choo and vice versa.

Mdm Liew Kim Choo is the spouse of Mr Goh Lik Tuan.

2. Both Mr Goh Lik Tuan and Mdm Liew Kim Choo are deemed to have an interest in the shares held by Andatino

Investments Pte Ltd (“AIPL”) and Alxia Pte Ltd (“APL”) by virtue of their shareholdings of more than 20% in AIPL

and APL.

19


NOTICE OF ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of GES International Limited (“the Company”) will be held at Casuarina Suite B, Raffles Hotel, 1 Beach Road, Singapore 189673 on Thursday, 27 October 2005 at 3.00 p.m. for the following purposes:

AS ORDINARY BUSINESS1. To receive and adopt the Directors’ Report and the Audited Accounts

of the Company for the year ended 30 June 2005 together with the Auditors’ Report thereon.

2. To declare a final tax-exempt dividend of 2.0 Singapore cents per

ordinary share for the year ended 30 June 2005. (2004: 1.5 Singapore cent)

3. To re-elect Mr Tan Geh, a Director retiring pursuant to Article 104 of the Company’s Articles of Association.

4. To approve the payment of Directors’ fees of S$283,750 for the year

ended 30 June 2005. (2004: S$290,000) 5. To re-appoint Ernst & Young as the Company’s Auditors and to

authorise the Directors to fix their remuneration. 6. To transact any other ordinary business which may properly be

transacted at an Annual General Meeting.

AS SPECIAL BUSINESSTo consider and if thought fit, to pass the following resolutions as Ordinary Resolutions, with or without any modifications: 7. Authority to allot and issue shares up to 50 per centum (50%) of

issued share capital

That pursuant to Section 161 of the Companies Act, Cap. 50 and Rule 806(2) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Directors be empowered to allot and issue shares in the capital of the Company at any time and upon such terms and conditions and for such purposes as the Directors may, in their absolute discretion, deem fit provided that the aggregate number of shares to be allotted and issued pursuant to this Resolution shall

(Resolution 1)

(Resolution 2)

(Resolution 3)

(Resolution 4)

(Resolution 5)

not exceed fif ty per centum (50%) of the issued share capital of the Company at the time of the passing of this Resolution, of which the aggregate number of shares to be issued other than on a pro rata basis to all shareholders of the Company shall not exceed twenty per centum (20%) of the issued capital of the Company and that such authority shall, unless revoked or varied by the Company in general meeting, continue in force until the conclusion of the Company’s next Annual General Meeting or the date by which the next Annual General Meeting of the Company is required by law to be held, whichever is earlier. [See Explanatory Note (i)]

8. Authority to allot and issue shares under the GES International Limited Employees’ Share Option Scheme

That pursuant to Section 161 of the Companies Act, Cap. 50, the Directors be authorised and empowered to allot and issue shares in the capital of the Company to all the holders of options granted by the Company, whether granted during the subsistence of this authority or otherwise, under the GES International Limited Employees’ Share Option Scheme (“the Scheme”) upon the exercise of such options and in accordance with the terms and conditions of the Scheme, provided always that the aggregate number of additional ordinary shares to be allotted and issued pursuant to the Scheme shall not exceed fif teen per centum (15%) of the issued share capital of the Company from time to time and such authority shall, unless revoked or varied by the Company in general meeting, continue in force until the conclusion of the next Annual General Meeting or the expiration of the period within which the next Annual General Meeting is required by law to be held, whichever is earlier. [See Explanatory Note (ii)]

By Order of the Board

Lau Wee Nah/Tan San-JuCompany SecretariesSingapore, 27 September 2005

(Resolution 6)

(Resolution 7)

20


NOTICE OF ANNUAL GENERAL MEETING (CONT’D) NOTICE OF BOOKS CLOSURE

Explanatory Notes:

(i) The Ordinary Resolution 6 proposed in item 7 above, if passed, will empower the Directors from the date of the above Meeting until the date of the next Annual General Meeting, or the date by which the next Annual General Meeting is required by law to be held or when varied or revoked by the Company in general meeting, whichever is the earlier, to allot and issue shares in the Company. The number of shares that the Directors may allot and issue under this Resolution would not exceed fif ty per centum (50%) of the issued capital of the Company at the time of the passing of this Resolution. For issue of shares other than on a pro rata basis to all shareholders, the aggregate number of shares to be issued shall not exceed twenty per centum (20%) of the issued capital of

the Company.

For the purpose of this resolution, the percentage of issued capital is based on the Company’s issued share capital at the time this proposed Ordinary Resolution is passed after adjusting for new shares arising from the exercise of employee share options or the vesting of share awards outstanding or subsisting at the time when this proposed Ordinary Resolution is passed and subsequent consolidation or subdivision of shares.

(ii) The Ordinary Resolution 7 proposed in item 8 above, if passed, will empower the Directors of the Company, from the date of the above Meeting until the next Annual General Meeting, or the date by which the next Annual General Meeting is required by law to be held or when varied or revoked by the Company in general meeting, whichever is the earlier, to allot and issue shares in the Company of up to a number not exceeding in total fif teen per centum (15%) of the issued share capital of the Company from time to time pursuant to the exercise of the options under the Scheme.

Notes:

1. A Member entitled to attend and vote at the Annual General Meeting (the “Meeting”) is entitled to appoint a proxy to

attend and vote in his/her stead. A proxy need not be a Member of the Company.

2. If the appointer is a corporation, the instrument appointing the proxy must be executed under seal or the hand of its

duly appointed officer or attorney.

3. The instrument appointing a proxy must be deposited at the Registered Office of the Company at 28 Marsiling

Lane, Singapore 739152 not less than 48 hours before the time fixed for holding the Meeting.

NOTICE IS ALSO HEREBY GIVEN that the Share Transfer Books and Register of Members of the Company will be closed from 11 November 2005 to 12 November 2005 (both dates inclusive) for the purpose of determining shareholders’ entitlements to the dividend which will be proposed at the Eighteenth Annual General Meeting of the Company to be held on 27 October 2005.

Duly completed registrable transfers in respect of the shares in the Company received by the Company’s Share Registrar in Singapore, LIM ASSOCIATES (PTE) LTD at 10 Collyer Quay #19-08, Ocean Building, Singapore 049315 up to the close of business at 5.00 p.m. on 10 November 2005, will be registered to determine shareholders’ entitlements to the proposed dividend.

Subject to the approval of the shareholders at the Eighteenth Annual General Meeting, the proposed final tax-exempt dividend will be paid on 21 November 2005. In respect of shares in securities accounts with The Central Depository (Pte) Limited (“CDP”), the said dividend will be paid by the Company to CDP which will in turn distribute the dividend entitlements to holders of shares in accordance with its practice.

21


NOTICE OF BOOKS CLOSUREGES International Limited

Company Registration No.: 198601427R

(Incorporated In The Republic of Singapore)

P R OX Y FO R M

I/We,

of

being a member/members of GES INTERNATIONAL LIMITED (the “Company”), hereby appoint

of

or failing him/her,

of

or failing him/her, the Chairman of the Meeting as my/our proxy/proxies to vote for me/us on my/our behalf at the Eighteenth Annual General Meeting (the “Meeting”) of the Company to be held on Thursday, 27 October 2005 at 3.00 p.m. and at any adjournment thereof. The proxy is to vote on the business before the meeting as indicated below. If no specific direction as to voting is given, the proxy will vote or abstain from voting at his/her discretion, as he/she will on any other matter arising at the Meeting:

No. Resolutions relating to: For Against

1 Directors’ Report and Accounts for the year ended 30 June 2005 2 Payment of proposed final tax-exempt dividend 3 Re-election of Mr Tan Geh as a Director 4 Approval of Directors’ fees amounting to S$283,750 5 Re-appointment of Ernst & Young as Auditors 6 Authority to allot and issue new shares 7 Authority to allot and issue shares under the GES International Limited Employees’ Share Option Scheme (Please indicate with a cross [X] in the space provided whether you wish your vote to be cast for or against the Resolutions as set out in the Notice of the Meeting.)

Dated this day of 2005

Signature of Shareholder(s)or, Common Seal of Corporate Shareholder

IMPORTANT1. For investors who have used their CPF monies to buy GES International Limited shares, the Annual Report is forwarded to them at the request of their CPF Approved Nominees and is sent solely for information only.

2. This Proxy Form is not valid for use by CPF investors and shall be ineffective for all intents and purposes if used or purported to be used by them.

Total number of Shares in: No. of Shares

(a) CDP Register (b) Register of Members

22


NOTICE OF BOOKS CLOSURE

Notes:

1. Please insert the total number of GES International Limited shares (“Shares”) held by you. If you have Shares

entered against your name in the Depository Register (as defined in Section 130A of the Companies Act, Chapter

50 of Singapore), you should insert that number of Shares. If you have Shares registered in your name in the

Register of Members, you should insert that number of Shares. If you have Shares entered against your name in

the Depository Register and Shares registered in your name in the Register of Members, you should insert the

aggregate number of Shares entered against your name in the Depository Register and registered in your name in

the Register of Members. If no number is inserted, the instrument appointing a proxy or proxies shall be deemed to

relate to all the Shares held by you.

2. A member of the Company entitled to attend and vote at a meeting of the Company is entitled to appoint one or

two proxies to attend and vote instead of him/her. A proxy need not be a member of the Company.

3. Where a member appoints two proxies, the appointments shall be invalid unless he/she specifies the proportion

of his/her shareholding (expressed as a percentage of the whole) to be represented by each proxy. If no such

proportion or number is specified, the first named proxy may be treated as representing 100% of the shareholding

and any second named proxy as an alternate to the first named.

4. The instrument appointing a proxy or proxies must be deposited at the registered office of the Company at

28 Marsiling Lane, Singapore 739152 not less than 48 hours before the time appointed for the Annual General

Meeting.

5. This proxy form must be signed by the appointer personally or by his attorney duly authorised in writing. Where the

instrument appointing a proxy or proxies is executed by a corporation, it must be executed either under its seal or

under the hand of an officer or attorney duly authorised.

6. A corporation which is a member may authorise by resolution of its directors or other governing body such person

as it thinks fit to act as its representative at the Meeting, in accordance with Section 179 of the Companies Act,

Chapter 50 of Singapore.

General:

The Company shall be entitled to reject the instrument appointing a proxy or proxies if it is incomplete, improperly

completed or illegible or where the true intentions of the appointor are not ascertainable from the instructions of the

appointor specified in the instrument appointing a proxy or proxies. In addition, in the case of members whose Shares

are entered in the Depository Register, the Company may reject any instrument appointing a proxy or proxies lodged if

such member, being the appointor, is not shown to have Shares entered against his name in the Depository Register as

at 48 hours before the time appointed for holding the Meeting, as certified by The Central Depository (Pte) Limited to the

Company.

23


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24


Postage will be

paid by addressee.

For posting in

Singapore only

(2nd fold line)

(1st fold line)

(Glue both flaps together)(Glue both flaps together)

Com

pany Secretary

GE

S International Lim

ited

28 Marsiling Lane

Singapore 739152

BU

SIN

ESS

RE

PLY

SE

RV

ICE

PE

RM

IT NO

. 06903

EXECUTIVE CHAIRMAN:

GOH LIK TUAN

SINGAPORE

GES is a diversified electronics

company that excels in

everything it does. In each of

the last 12 quarters, GES has

consistently reported growth

in revenue and profit. A son of

working-class Chinese

immigrants, Goh Lik Tuan

opened a small electronics

shop 30 years ago and went

on to build GES.

GES International Limited www.ges.com.sg

We deliver outstanding performance.

“Being One of the 300 Best Small Companies” by Forbes Global, October 2000

Think beyond success,

and back up

your words with

action.

Again, GES was recognised to be an outstanding organisation in

delivering values and customer’s expectation.

www.ges.com.sg

Financial Year Ended

30th June 2005

Turnover:

$624.3m + 15%

Profit After Tax:

$45.3m + 29%

SINGAPOREGES International Limited28 Marsiling Lane Singapore 739152Tel: (65) 6732 9898Fax: (65) 6368 6225

MALAYSIAEltech Electronics Technology (M) Sdn BhdPLO 34 FASA II Kawasan Perindustrian Senai 81400, Senai, Johor, MalaysiaTel: (607) 599 2511Fax: (607) 599 2521

USAEltech Electronics, Inc.790 Chelmsford Street Lowell, MA 01851-5133Tel: (978) 459 4434Fax: (978) 459 9925

CHINAShanghai GES Information Technology Co. LtdNo. 668 Li Shi Zhen RoadShanghai Zhangjiang Hi-Tech Park, Shanghai, China 201203Tel: (8621) 3898 4898Fax: (8621) 5080 6968

GES REPORT is published by GES International Limited. Design & Production by Citigate Su Yeang Design.

GES International Limited　Company Registration No.: 198601427R

LIMITED PUBLICATION

Summary Financial Report • Tuesday • September 27, 2005 • www.ges.com.sg

This year, GES celebrates a key milestone

– its 30th anniversary. Since it started on

15 March 1975 as a PC maker, the Group

has grown leaps and bounds to become a

major Original Design and Manufacturer

of Point of Sales Systems (POS) and

Industrial Products.

The pineapple is

known as a universal

symbol of hospitality

and welcome. It

suggests to all a

sign of friendliness,

warmth, cheer, and

graciousness.

GES was awarded

this symbolic award

for being its supplier

of the year by

MICROS Systems Inc,

a global leader in

the restaurant

industry.

Four years ago, GES decided to move into Original

Design and Manufacturing (ODM). As a result, the

Group is now seeing the results of this strategy –

GES is now a major ODM producer with the world’s

major Point-Of-Sale brands as our key clients.

The drive towards design and manufacturing has

enabled the Group grow its revenue and improve its

margins significantly.

This year, GES posted 29 per cent rise in profits – to a record of

$45.3m. Its revenue grew 15 per cent to $624.3m while earnings

per share increased to 6.2 Singapore cents from the previous

year’s 4.9 Singapore cents.

Significantly, our ODM-Industrial Products segment jumped by 76

per cent while ODM-POS segment went up by 21 per cent. These

achievements were a result of a deliberately focused strategy to

expand our stronghold in the POS market and also to develop

new growth areas by driving our Research & Development (R&D)

strategy into other industrial product segments.

Celebrating our 30th Anniversary

GES’ move to ODM a success.

GES posts 29% profit rise.

GES has since charted growth in each of the last 12 quarters, since we first embarked on our strategy.Mr Yeong, on the Group’s focus on becoming a significant ODM player.

Our Company

Mission

To be a leading global company in the provision of Research & Development Services and Global Supply Chain Management.

We deliver values and exceed customer’s expectations by executing better, faster thus making it cost effective for our customers.

GES International is a provider of

advanced electronics manufacturing

services to original equipment

manufacturers with worldwide,

world-class operations in China,

Singapore, Malaysia and the United

States. GES has decades of experience

in providing cost-effective, integrated

solutions to our customers. We offer

customised electronic manufacturing

services from conceptual product

design through aftermarket support.

GES International’s main philosophies

are: quality, service and flexibility at

all times to our customers.

Team Partnership Approach

GES International is your ideal

long-term partner for business

excellence.

Long Term Value Added Service

Product development process begins

with cost-effective design, assembly,

test, and component selection input

which continues throughout the life of

the product. On-going services include

customised packaging, configurable

products, depot repair, continuous

cost reduction programs and

sustaining engineering.

Supplier of the year award by MICROS SYSTEMS, INC.

03

Profit Attributable to Members of the Company

04

S$

m1

7.4

S$

m2

5.6

S$

m3

5.2

S$

m4

5.3

02 05

“

“

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