2012 BOARD MEETING HANDOUT

1. 2012 BOARD MEETING HANDOUT

2. Table Of Contents Chairman’s Report…………….. 3 Executive Director’s Report…... 5 Financial Report…………..…… 7 Laboratory Report…………..… 8 Certified Ratings Program…..… 9 Membership Report………..…. 10 Marketing Report…………....... 12 Technical Committee Report.... 15

3. Chairman’s Report High achievement always takes place in the framework of high expectations. And high expectations are certainly what we have set for ourselves at Asia AMCA. We want to grow the industry, to grow member financial health and to promote the use of the Certified Ratings Program globally, all for the benefit of your business. In short, your association wants to and is here to assist you. AMCA has certainly made significant progress in Asia during the last one year. With the formation of Asia AMCA in Singapore, you now have a branch of AMCA International, much closer and dedicated to servicing you. With an understanding of the unique business environment in Asia, Asia AMCA can better cater to your needs in a more effective manner. You can expect shorter lead times for product testing and certification, increased frequency of technical educational sessions to be conducted so that you are kept abreast of industry happenings, greater opportunities for you to meet with Asia AMCA staff to share your concerns, amongst a whole host of other benefits. Without a doubt, AMCA is certainly growing rapidly in Asia. Today, we have some 98 members, with China contributing to the highest growth. This is not surprising as China is not only the world’s most populous country, it is expected to be one of the world’s main engines of economic growth. We have hence chosen to have this year’s Annual Meeting in Shanghai, so that we can hear from as many local industry players as possible.

4. Having said the above, opportunities in the rest of Asia are also very promising and we will continue to do our best to advance our service to all members and to our mission. I look forward to spending a very fruitful time with you and the rest of our industry peers at this 2012 Asia AMCA Annual Meeting. Bek Siew HupChairperson of the BoardAsia AMCA

5. Executive Director’s Report Time really flies! It’s been only six months when Asia AMCA Pte Ltd was registered and, today, we are present here to make our report on last fiscal year accomplishments. This unique transformation from an independent laboratory into an extended arm of AMCA International however, remains with the prestige purpose of serving it’s members from Asia. Now, with the same team but dressed in a different role, we know we must build on the groundwork laid by AMCA, to increase the value-add AMCA can bring to Asian members. AMCA is perceived as an authoritative voice in it’s industry and a leading contributor to industry standards. With this, we are optimistic of the potential that Asian members will no longer feel unease with the credibility of AMCA standards and certified ratings as oppose to the varying ratings presently in the local markets. Therefore, with this advantage, targeted strategies are being implemented to bring growth in Asia membership and keeping in mind in creating and continual improvement in the industry environment. We have conducted 6 technical seminars during these 6 months in building up the awareness of what AMCA can offer to consultants and end users.

6. In this Shanghai meeting, besides the participation of members and potential members, we have also invited 33 consultants and 9 end users. This will serve as an alternative platform for interaction and to create a bonding between our members. We will be there to hear from you on your valuable ideas which we could use to deliver even greater value to our members. Goh Swee LeeExecutive DirectorAsia AMCA Pte Ltd

7. Financial Report Balance Sheet as of June 2012 (SGD) Assets Current Assets Cash On Hand 135,949 Trade Debtors 97,078 233,027 Other Assets 3 months factory rental 26,349 Total Assets 259,376 Liabilities Current Liabilities AMCA Monthly JV Transfer 318 Accrual – 2 monthly bonus 26,293 GST Liabilities (5,695) Total Liabilities 20,917 Net Assets 238,460 Equity Partners’ Equity AMCA (60% - USD51,000) 63,755 AFMA (40% - USD34,000) 44,091 Total Partner Equity 107,846 Current Year Earning 130,614 Total Equity 238,460

8. Laboratory Report • Backlog and Lead time • We have maintained a 4 to 6 weeks backlog with a consistent lead time of 2 weeks. • Lab Improvements • The following items are on the lab’s priorities list : • Generator set for 3 Phase 60Hz power supply • Dynamometer upgrades • The lab has 3 sets in 20N,100N and 225N but • the 100N is currently under rectification. • Proposed to invest in a 500N Dynamometer for more complete range. • Improve sound room wall hardness for better background at low frequency. • Small chamber is under accreditation for damper pressure drop and leakage testing.

9. Certified Ratings Program-Asia Region The average growth is about 12 % and there are still room for further growth. The demand for CRP is strong in Asia and we are expecting more product lines to be certified within the next 2 years. FEG certification has started since last April and as of today, 40 product lines are being certified from 14 companies. Currently, there are participation from 5 countries, i.e. China-6, Singapore-3, Malaysia-1, India-2 and Taiwan-2.

10. Membership Report Membership with strong growth are expected in the upcoming Asia Region, China and India. Great effort has been put into the area of educational sessions and workshops, roadshows and collaboration with respected organization such as ASHRAE, Taiwan Fan Association (TVEA), China Fan Association and CRAAQCCto maintain and generate leads for future membership growth. A possible annual increase of 24 members can be expected and it all depends on how effectively the market environment is being build up in attracting new members. Therefore, with this priority in mind, a proposal to revert structure on membership fees to charge on annual membership in the 1st year and CRP licensing only in the subsequent years will definitely enabled a kick start in the formation of this environment.

11. Asia AMCA has began to receive recognition in the Asia Pacific Region through the on-going promotion effort by the team of Asia AMCA staffs. Total Asia Membership is 98 members as of 30 Jun 2012. Total AMCA Asia Members by Countries : China……………………………….. 25 India………………………………… 15 Indonesia…………………………… 1 Japan……………………………….. 3 Malaysia…………………………….. 7 Philippines………………………….. 4 Korea……………………………….. 14 Singapore…………………………... 10 Taiwan………………………………. 11 Thailand……………………………... 7 Pakistan……………………………… 1 New Territory Next target for new territories are as follows: Vietnam Australia

12. Marketing Report Marketing Committee Chair : Mr. C.K. So GTG Industries Sdn Bhd Vice Chair : Ms. Christie Wu Circle and Cycle Ltd The Asia Marketing Committee was formed last July and the effort for events organized are as follows: Tradeshows India – ACREX China – China Refrigeration Expo (CR2011 & 2012) China – Shanghai Fluid Machinery Exhibition Technical Seminar Nov 2011 – Indonesia “Saving Energy” - Asia AMCA with GTG Industries Participants’ about 100 and most of them are consultants and project owners. Apr 2012 – China, Beijing “Learn & Network with AMCA” – Asia AMCA @CRH 2012 Participants’ about 30 and most of them are HVAC manufacturers and AMCA members.

13. May 2012 – Malaysia, Kuala Lumpur • “Best Practices In Fan System Design For High Performance Green Building – Efficiency, Noise & Vibration. • - Asia AMCA with The Institution of Engineers, Malaysia • Participants’ about 80 and most of them are Green project consultants. • Jun 2012 – Singapore • “How System Effect Is Affecting Energy Consumption • Of a Building and What Are The Improvements In • Energy Conservation That We Can Do At Site Condition.” • - Asia AMCA with ASHRAE, Singapore Chapter • Participants’ about 40, consisting consultants, end users and manufacturers. • Jul 2012 – Philippines • “AMCA Seminar” • - Asia AMCA with ASHRAE, Philippines Chapter • Participants’ about 60 from ASHRAE Philippines Chapter members • Jul 2012 – Taiwan • “Technical Discussion” • Asia AMCA with ASHRAE, Taiwan Fan Association (TVEA) • Participants’ about 100 , consisting Local authorities, consultants, end users and manufacturers.

14. Ambassador Program Since Aug 2008, AFMA Technologies Pte. Ltd. has started visiting members in the Asia Region. This program has became an even more important role after the joint venture with AMCA International. As of Jun 2012, we have made 37 visits out of 98 companies . The completed visits can be summarized as follows: China 16/25, Singapore 10/10, Malaysia 6/7, Thailand 2/7, Philippines 0/4, India 2/15, Indonesia 1/1, Japan 0/3, Pakistan 0/1, Taiwan 0/11. The number of scheduled visits is growing and with the objective to better serve our members, the next destination in the pipeline is to visit members from India, Philippines and Taiwan. AMCA inmotion 4 articles selected from AMCA inmotion have been translated into chinese language so as to create another value-added service for AMCA’s Chinese-speaking members in the Asia Region. AMCA Publication and Standard Translation With AMCA’s on-going effort to translate AMCA standards and documents into Chinese, Korean and Euro-Spanish, AMCA Publications 211 and 205 in chinese translation have finally been approved. Additional publications 210, 511, 11 are still in the process. The target to complete translation to Chinese language in 2012 also includes publication 99, 200, 201, 203 and 300.

15. Technical Committee Report Asia RegionTechnical Committee Currently, there is no technical committee set up for the Asia region. We are extending an invitation to all members in Asia to participate in this committee set up. The main focus at the moment is to establish local standards for Jet Fan, Fan Filter Unit (FFU) and Fan Motor Efficiency Grade (FMEG). This committee will be coordinated by Tin Tin, Asia AMCA Technical Director. If you are interested in participating or contributing to this committee, please contact Tin Tin, Asia AMCA Pte. Ltd. (tttan@asiaamca.org)