IFS Capital Limited (“IFS”) was incorporated in Singapore in 1987 and has been listed on the Mainboard of the Singapore Exchange since July 1993. It has regional offices in Singapore, Thailand, Malaysia and Indonesia. As a regional Group, it provides commercial finance services like factoring, hire-purchase/leasing, loans, government-assisted schemes and trade/export finance to small and medium enterprises (“SMEs”). The Group also provides bonds and guarantees, credit insurance and general insurance through its wholly owned subsidiary, ECICS Limited. IFS Capital Group is part of the PhillipCapital network of companies, an integrated Asian financial house with a global presence that provides a full range of solutions covering individuals, family offices, and corporate and institutional clients.