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NUS Bursary - Successful alumnus who overcame
hardship supports students in need

Danny Toe grew up in a place not many Singaporeans know about. Tucked away in the hills of Upper Jalan Eunos, Danny used to
call a slum his home, and his family’s total household income was S$200 a month. Now, Danny, who graduated from the National
University of Singapore’s (NUS) Faculty of Engineering with First Class Honours, is the Chairman of boutique investments and
advisory firm ICH Group, and has established the ICH Bursary at his alma mater. The Bursary will be given to undergraduates from
any Faculty facing financial hardship.

Danny says, “I wanted to be able to help students who need it.”

Danny did not receive a bursary when he was in University. While this made his student days challenging, he has a special place in his
heart for those days, especially Yusof Ishak House, where he met his wife.

Danny says the fact that he was never motivated by money or promotions is what made him start a business. His aim has always
been to do something impactful and bring good to people, and with the Bursary, he has done just that.

Reflecting on his gift, Danny says, “The students are what make up the University. I believe that by giving to NUS, I am actually making
a difference in a student’s life. I want students to know they should never give up. It does not matter where you start.”

NTU Bursary

Boutique financial advisory firm ICH Capital Pte Ltd made a generous gift of $107,000 to establish the ICH Group Bursary Fund in June
this year. The Fund will be yet another vital source of financial assistance by annually providing two bursaries of $5,000 each to financially-
strapped undergraduates in the University. These awards will kick-off this Academic Year 2012.

The gift is the company’s first towards education in Singapore, and reflects ICH’s commitment towards education and its enthusiasm to
forge closer collaborative ties with local institutions. The gift also reflects the company’s commitment to developing the next generation
of leaders for Singapore and the region.

To date, about 1 in 10 of the University’s students are in deep financial need. Support from donors has thus played a vital role in
alleviating the financial struggles and providing that much needed boost to students from the lower income-strata. Singapore tax
residents and Singapore companies who give towards the University also enjoy tax deductions of 2.5 times the donation amount.

ICH CEO, Mr Vincent Toe, an NTU alumnus of Nanyang Business School said: “The local and regional business landscapes of tomorrow
will greatly depend on the vast talent and brains of the students of today. As a leading financial advisory firm in Singapore, we stand
committed in contributing to the progress of Singapore’s students, especially those with financial difficulties, so that they may have a
competitive advantage and play a key role in shaping the future”.

Headquartered in Singapore, with offices in China and Hong Kong, ICH was founded in 2000 and advises and partners alongside
companies to develop their full potential by providing access to international capital markets, offering optimum solutions to capital
structure and corporate finance, and finding new strategic partners to unlock and realize value.

The establishment of the ICH Group Bursary Fund aligns both ICH’s and NTU’s shared value in reaching out to students from
underprivileged backgrounds and creating platforms for developing the talent pool of Singapore students in becoming leaders of
tomorrow. Bursary recipients will be encouraged to pursue internships at ICH during their course of study.

Construction of a mini hospital/clinic in a remote part of the Qinghai plateau in China – Completed on 11 August 2013

The project is construction of a mini-hospital with 10 to 12 beds and serves as an outpatient clinic. It is located in the village of
Tsunggalok, Nangchen District of Qinghai. Upon completion, it will benefit over 5000 villagers, who today have no convenient
access to basic medical facilities.

How to get to Tsunggalok village ?

To get there from Singapore, a convenient way is to fly to Chengdu, China and then, take another internal flight to Xining, the capital
of Qinghai province. From Xining, one has to take another 1 hour flight to the town of Yushu (many of us may recall that Yushu was
badly devastated by an earthquake in Apr 2010). And from Yushu to the Tsunggalok village is a 5 to 6 hour car ride (preferably a 4
wheel drive vehicle!). The village itself is at an altitude of over 4000 metres high. The Village has no access to electricity and
telephone communication. Hence, electrical power has to come from either solar or portable power generators. In the winter
months, the living conditions there are especially harsh and difficult. The temperature can fall to minus 25 deg C.

On 11 August 2013, a grand opening ceremony was held to celebrate the competition of the project. The clinic offered a two day
free treatment and attract more than 500 patients on the 1st day