AEON Credit Service (M) Berhad (“AEON Credit” or the “Company”), has passed all resolutions submitted to the 23rd Annual General Meeting (“AGM”).

Shareholders also approved the final dividend amounting to 14.00 sen per share for financial year ended 29 February 2020 (“FY2020”) to be paid on 16 July 2020 while the Company’s audited financial for FY2020 was also presented at the AGM.

Yuro Kisaka, Managing Director of AEON Credit said during the AGM, “Financial Year End 2021 is expected to be an unprecedented year of challenge and uncertainty – the COVID-19 pandemic has significantly impacted economic activities globally. During the Movement Control Order (MCO), the Company ceased customer-facing and other frontline operations across its entire branch network which has directly impacted our business. Due to this, we have been focusing to enhance our digital platforms and speed up our digital transformation.

The Company is committed to improve its digital platforms and leverage on new technologies by pushing sales via digital channels and services, simultaneously, reducing the frequency of face-to-face sales with customers.

“With this transformation, we will be able to connect with customers directly, proactively offer personalised solutions, while simplifying and automating operational processes and improve efficiency. By using advanced digital technologies, we will be able to enhance our customers’ experience, generate incremental revenue opportunities and reduce costs,” said Kisaka.

He added, “For the second-half of FYE2020, we have also reviewed our group structure and will follow through our medium-term growth strategy by reforming our core system with a new system to boost efficiency and productivity. For our peripheral business, the Company is expanding our insurance products with high affinity with the existing peripheral business. We are also pursuing cashless transactions through the e-wallet”.