Mrs. Jacinth Hall-Tracey, gave a report of 2020/2021 highlights, as follows:

1. LASF was granted Sandbox Pilot for new fintech products;

1. • Approved for LASCO Biz Ecommerce platform
   • Approved for VISA prepaid card

2. LASF won the Best Practice Award (2019)

2. • Website (Junior Market)
   • PSOJ/ JSE Corporate Governance (Junior Market)- 1^st Runner Up
   • Corporate Disclosure and Investor Relations (Junior Market)- 2^nd Runner Up

3. LASF refinanced corporate bond with a loan from JMMB

Managements outlook for the 2^nd quarter of 2021/22 and beyond are:

1. Many of the previous year’s remittance transactions were possible due to government stimulus programmes in the United States which is expected to slow down
2. The ongoing reduction of business transactions due to lock downs will impact revenue growth
3. Increased transactions from new business for merchant ecommerce
4. Reduction in interest payments due to refinancing of corporate bond
5. Launch of VISA prepaid card

Furthermore, the LASF Group plans to focus on the following for the 2021-2022 financial year:

1. Launch, nurture and grew products:

1. 1. Roll out of all new remittance partners
   2. Monetize all investments in new products

2. Complete Digital Transformation

2. 1. Complete all projects to enable company to maximize on efficiencies.

3. Cost control and liquidity management

3. 1. Continued improvement of efficiencies to ensure cost control

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