TRC Multi-Purpose Co-operative Society Ltd

Chairman's Message,

Dear members,

The Annual General Meeting ("AGM") of the Society was held on 12 May 2013. A new Board of Directors was elected to lead the Co-Op for one year.

During the first Board Meeting of the newly elected Board of Directors of TRC Multi-Purpose Co-Operative Society Ltd held on 18/5/2013, the following office bearers were elected/confirmed:

Chairman: R. Kalaichelvan

1st Vice Chairman: V. Balakrishnan

2nd Vice Chairman: A.V. Krishnasamy

Secretary /Treasurer: Staff appointment

Audit Committee Chairman: V. Thenappan

Membership Committee Chairman: Dr. R.S. Mohan

Internal Auditor: Shahul Hameed

The new Board's priority is to attend to issues arising from the previous period ( including "Arbitration") and to strengthen the Co-Op. Co-Op will continue to target a 5% average return on savings received from members; and to make loans cheaper than present. Co-Op will however not seek to grow its current membership of 3,000. Among the ambitious projects being considered are

a) to start a Co-Op thrift shop at Little India area - in time for Deepavali 2013;

b) to release a periodic consumer digest; and

c) to act as a catalyst in establishing a Building infrastructure for the Singapore Tamil Community.

Our plans are not cast in concrete and the Co-Op still faces many challenges to stay on track; let alone to make progress.

R. Kalaichelvan

19 May 2013