The ECB has received a query from a member who suggested that because potentially more interest income could be earned by investing the premium for the land lease, it may be preferable to renew the lease at the end of the remaining 10-year period.

The decision to proceed with the renewal now is due to a combination of factors of which the land premium is just one of them.

While the interest rates are still at the higher-end for now, we have started to see a decline in the interest rates from the banks to T-bills and bonds since the start of the year. It would not be fair to assume that the interest rates will remain high and at the current rates for the next 10 years. We should also be mindful of any further economic or environmental factors (e.g. COVID-like situation) could further derail investment returns’ assumptions. By all accounts in the news, the interest rates could be down trending further when the US Federal Reserve cuts their interest rates.

#1: Beyond Financial Reasons: Ensuring a well-functioning Grace@BukitBatok

Beyond just the financial return from investments, ECB has to balance the decision on the renewal with other considerations such as the ailing Mechanical and Electrical Systems, growing attendance and future plans for Grace@BukitBatok as well as the current favourable conditions and interactions with the authorities.

Members attending Grace@BukitBatok have provided feedback that the air conditioning in Sanctuary is not cold. The replacement costs for individual Mechanical and Electrical Systems in Grace@BukitBatok will cost upwards of S$300K per system. The systems we are looking into include the central air-conditioning, electrical switchboards, lift systems and other equipment renewals. These are heavy capital expenditures that have a longer lifespan of 15 to 20 years. Without the certainty of our lease renewal, we would potentially lose the remaining 5 to 10 years’ lifespan of these systems, should our lease not be renewed in 2034. The ECB estimates a minimum of S$2 to S$3 million will be needed for the systems upkeep of Grace@BukitBatok should the lease not be renewed now. When we factored in this sum for replacement, it will negate any potential interest income earned.

#2: Beyond Financial Reasons: Seizing the favourable framework today

The Revised Land Allocation and Pricing Framework for Place of Worship released in May 2023, was a welcomed change from the previous Tender Framework for Place of Worship put in place in September 2018.  ECB is of the opinion that the conditions under the new framework will work in favour of the Church. The land pricing determined by the Chief Valuer will be priced at fair market value which is at about 47% less than under the previous tender bidding system. This information was reported by Straits Times on 19 December 2023. Furthermore, in the most recent update by Senior Pastor over the weekend of 4^th and 5^th May, he has also updated members that the Singapore Land Authority (SLA) has given us a notice on 3^rd May that SLA is in-principle recommending to the President to approve a fresh 30-year lease from the date of our legal acceptance. The premium on the lease will also take into account the unexpired portion of our existing lease and the assessed value of the unexpired residue of the existing leasehold tenure will be deducted from the premium. We are thankful for the positive interactions with SLA thus far, and we would want to act under the favourable circumstances before another change in the framework. Additionally, the market value for the land will likely go up over the next 10 years in land scarce Singapore.

#3: Beyond Financial Reasons: Opportunities to serve Tengah Estate

The attendance in Grace@BukitBatok has seen steady growth since our resumption post-Covid in 2022, with weekly attendance in the range of 1,200 to 1,300 across all services and ministries. The ECB sees the purpose and potential of Grace@BukitBatok in being a beacon in the west community, extending to the new residents in the Tengah estate. The forested land that is across the road from Grace@BukitBatok is now filled with housing blocks which will be occupied by 42,000 households.

The ECB is taking a longer-term view to prepare ahead for the impending needs at Grace@BukitBatok – to create more community spaces for the young and old on weekdays and to meet the needs of young families and elderly. Before we commit to the possibly extensive renovation works on refreshing Grace@BukitBatok, we want to be certain of the runway that we have there. If we are to carry out any works with just the remaining 10 years, it would only be stop gap measures and we may miss out on the purposes that God has placed us in Bukit Batok for and still be required to spend about S$2 to S$3 million conservatively for basic replacements needed. The ECB is looking ahead to enhance our presence in Bukit Batok to reach the new residents and build stronger ties with those already in the community.

ECB has been mindful of being good stewards of the financial resources that God has blessed Grace Assembly with. Given the information available to us presently, as listed below, ECB maintains that the renewal of land lease at Grace@BukitBatok at this time is in the best interest of the Church and asks for the members to be onboard with us.

Considerations:

• Potential down trend of interest rates.
• Ailing Mechanical and Electrical Systems in need of replacement with an estimated minimum spend of S$2 to S$3 million for basic replacements.
• Expected lower premium under the new pricing framework.
• SLA will offset the remaining leasehold tenure from the premium.
• Reach to new and younger households in upcoming Tengah estate.
• Growing congregation and changing needs of the elderly and young families at Grace@BukitBatok.

教会执事会收到一位会友的询问，他建议由于可以通过将土地租赁溢价进行投资可能获得更多的利息收入，因此在剩余的10年期限结束时续租可能更为可取。

现在决定续租的原因是综合考虑了多个因素，土地溢价只是其中之一。

尽管目前利率仍处于较高水平，但自今年年初以来，我们已经开始看到银行与国债和债券的利率下降。所以假设利率将在未来10年保持高位或当前水平未必公平。我们还应该注意到任何进一步的经济或环境因素（例如类似2019新冠疫情的情况），可能进一步扰乱投资回报的假设。根据新闻报道，当美联储降息时，利率可能会进一步下降。

#1：除了财务原因之外：确保恩典堂@武吉巴督的良好运作

除了投资的财务回报之外，执事会还必须在租赁续约的决定中平衡其他考虑因素，例如运作不良的机械和电气系统、不断增长的参与人数以及恩典堂@武吉巴督的未来计划，以及当前与当局的良好互动和条件。

恩典堂@武吉巴督的会友反馈称，礼堂的空调不够冷。恩典堂@武吉巴督单个机械和电气系统的更换成本将达到每个系统S$30万新元以上。我们正在考虑的系统更换包括中央空调、电气配电板、电梯系统和其他设备。这些都是机械寿命为15至20年的大型资本支出。如果我们在2034年无法续约，那么我们将有可能失去这些系统剩余5到10年的寿命。如果现在不续签恩典堂@武吉巴督的租契，执事会估计将需要至少S$200至S$300万资金来维护这些系统。当我们考虑到这笔替换成本时，可能会抵消任何潜在的利息收入。

#2：除了财务原因之外：现在抓住有利的框架时机

2023年5月发布的《宗教场所土地分配和定价框架》是对2018年9月制定的《宗教场所招标框架》的一项受欢迎的改变。执事会认为，新框架下的条件将对教会有利。由首席估价师确定的土地定价将以公平市场价值定价，这比之前的招标竞价系统低约47%。这则信息于2023年12月19日由《海峡时报》报道。此外，在5月4日和5日周末，主任牧师也在公布最新消息时告知会友，新加坡土地管理局(SLA)已于5月3日通知我们，SLA原则上建议总统批准从我们的法律接受日期起的新30年租约。租约的溢价也将考虑我们现有租约的剩余部分，而现有租赁期的剩余价值将从溢价中扣除。我们对迄今与SLA的积极互动表示感谢，并希望在有利的情况下采取行动，以免在框架发生变化之前失去机会。此外，在土地稀缺的新加坡，土地的市场价值可能会在未来10年中上涨。

#3：除了财务原因之外：服侍登加新区的机会

自2022年新冠疫情后恢复以来，恩典堂@武吉巴督的出席人数稳步增长，每周所有崇拜和事工中的出席人数在1,200至1,300人之间。执事会看到了恩典堂@武吉巴督具有成为西部社区的灯塔的目的和潜力，并将其延伸到登加新区的新居民中。恩典堂@武吉巴督对面的森林土地现在已经建起了住宅楼，将有42,000个家庭入住。

执事会正在为恩典堂@武吉巴督未来的需求做长远的打算和准备——在平时为年轻人和年长者创造更多社区空间，并满足年轻家庭和年长者的需求。在我们承诺对恩典堂@武吉巴督恩进行可能的大规模翻新工程之前，我们希望确定对此有可观的前景。如果我们只剩下10年，那么进行任何工程都只会是临时措施，而且我们可能会错过神赋予我们在武吉巴督的目的，并且可能仍然需要保守估计约S$200至S$300万进行基本的更换工作。执事会正在展望未来，以增强我们在武吉巴督的存在感，以接触新居民并与已在社区中的人建立更紧密的联系。

执事会一直谨记成为神赐予恩典堂的财务资源的好管家。考虑到我们目前掌握的信息，如下所列，执事会认为在此时机续租恩典堂@武吉巴督的土地符合教会的最佳利益，并请求教会会友与我们一起予以支持。

考虑因素：

• 利率可能下降。
• 需要更换机械和电气系统，估计最低需要约S$200至S$300万用于基本更换。
• 预计在新的定价框架下溢价会降低。
• 土地管理局将从溢价中抵消剩余的租赁期。
• 接触即将到来的登加新区的新的年轻家庭。
• 恩典堂@武吉巴督不断增长的会众以及年长者和年轻家庭的不断变化的需求。

The amount of $10M for the renewal of the Grace@BukitBatok land lease that the Executive Church Board (ECB) is asking for, is the upper limit to cater for any length of lease duration between 20 to 30 years (from the year of renewal) that the Singapore Land Authority (SLA) may offer to the Church. The amount is the upper limit meant to meet a 30-year lease offer. Correspondingly, if the lease duration offered by SLA is 20 years (from the year of renewal), the amount should be substantially less than $10M based on the new Revised Land Allocation and Pricing Framework for Place of Worship released by the government last year.

Under the new Revised Land Allocation and Pricing Framework for Place of Worship, the lease renewal premium is determined by the Chief Valuer at fair market value with adjustments made to the price based on site specific factors such as location and the remaining lease tenure. Based on press releases, the average rate paid by religious organisations which have successfully renewed their leases under the new framework, were at about 47% less than the previous tender bidding system.

The Chief Valuer will consider the 10 years lease that we have left at Grace@BukitBatok and adjust the premium accordingly. We will not lose the current 10 years of lease that is left and have been paid.

While the ECB and staff are praying to be granted an offer for 30 years (from the year of renewal), we are prepared to consider any offer of at least 20 years (from the year of renewal) at a reasonable premium. The amount of $10M that is tabled for the 63rd Annual Business Meeting is a safe upper limit estimate to allow for the ECB to assess any offer in the range of 20 to 30 years (from the year of renewal).

教会执事会（ECB）正在要求的$1000万用于续租恩典堂@武吉巴督土地的租契，是为了满足新加坡土地管理局（SLA）可能提供给教会的租约期限在20至30年（从更新年起）之间的任何长度而设定的上限。这笔金额是为了满足30年租契提供的上限。同样，如果SLA提供的租契期限为20年（从更新年起），根据政府去年发布的新修订的宗教场所土地分配和定价框架，这笔金额应该远低于$1000万。

根据新修订的宗教场所土地分配和定价框架，续租溢价由首席估价师按公平市场价值确定，根据诸如位置和剩余租期等场地特定因素进行调整。根据新框架，成功续租的宗教组织支付的平均费率约比以前的招标系统少了47%。

首席估价师将考虑我们在恩典堂@武吉巴督土地剩余的10年租约，并相应调整溢价。我们不会失去目前剩余的已支付的10年租约。

虽然执事会和工作人员正在祷告获得30年（从更新年起）的租契，但我们已准备考虑至少20年（从更新年起）的任何合理报价。在第63届常年事务大会上提出的$1000万是一个安全的上限估算，以便ECB评估20至30年（从更新年起）范围内的任何报价。

The resolution for the renewal of Grace@BukitBatok land lease empowers the ECB to evaluate and accept the offer if it does not exceed $10M and at least 20 years from the year of renewal.

Following the tabling of the present resolution, a recent published report in April on HDB (Housing and Development Board) land sales shows that a church was awarded a land lease of 30 years at under $5M for a new site at Jalan Kayu under the new framework.  This is presently the only known publication of pricing under the new framework. The ECB will be using this recent report as an indicative guide for evaluating the offer when it is made to us. The ECB will endeavour to carefully evaluate the offer to ensure that it is of fair market value and of  good value to the Church.

The ECB may as such reject the offer, if it is assessed that any offer is not of fair value.  We want to be good stewards of the Church’s resources which is why this recent report is being highlighted.

更新恩典堂@武吉巴督土地租赁的决议赋予了教会执事会（ECB）评估并接受报价的权力，前提是报价不超过$1000万，并且至少从更新年起为期20年。

在提交目前的决议之后，最近4月份关于HDB（建屋发展局）土地销售的一份报道显示，一座教堂在新框架下以不到$500万的价格获得了位于惹兰加由（Jalan Kayu）的新址的30年土地租约。目前，这是新框架下唯一公开的已知定价。ECB将利用这份最近的报道作为评估报价时的指南。ECB将努力仔细评估报价，确保其符合公平市场价值，并对教会有利。

如果评估认为任何报价不具备公平价值，ECB可能会拒绝接受报价。我们希望成为教会资源的好管家，这也是为什么强调这份最新报道的原因。

The ECB will communicate and keep members updated on their assessment of the offer and their decision to take it up or reject it.

We covet your prayers for a favourable offer and outcome that would go towards establishing God’s kingdom in Grace@BukitBatok.

ECB将与会友沟通，并及时通知他们对提议的评估以及是否接受或拒绝的决定。

我们盼望您能够一起祷告，希望能得到一个有利的报价和结果，能够让恩典堂@武吉巴督成就神国的事工。

The existing Mechanical and Electrical (M&E) Systems can be overhauled to extend their useful life, to a limit. For example, overhaul to the chiller (central air-conditioning plant) could cost upwards of $100k. When it is no longer possible to overhaul the equipment, the only recourse would be to have the system replaced. Typical chiller replacement costs of the size in Grace@BukitBatok will be upwards of $300k before design works and professional engineer endorsements.  This same concept applies to Air Handling Units, Electrical Switchboards, lifts and escalators etc, each with their respective costs. When an overhaul is no longer feasible, we will still need to face the decision to selectively change out the M&E system. The church will evaluate each of these decisions judiciously to lower the overall cost commitments in due course.

现有的机械和电气系统可以在一定的限度内进行翻修以延长其使用寿命。例如，对冷气机组（中央空调设备）进行翻修可能会花费超过$10万。当无法再进行设备翻修时，唯一的选择就是更换系统。在进行设计工作和专业工程师认可之前，恩典堂@武吉巴督的典型冷气机组规模的更换成本将超过$30万。同样的概念也适用于空气处理单元、电气配电柜、电梯和扶梯等，每种设备都有其相应的成本。当无法再进行翻修时，我们仍然需要面对是否有选择性地更换机械和电气系统的决定。教会将审慎评估每项决定，以在适当时机降低总体成本。

The ECB has been setting aside funds over the last 10 years in preparation for the impending renewal of Grace@BukitBatok land lease. Hence, we are in a financial position to pay for the land lease renewal without the need for fund raising.

ECB在过去10年中一直在为即将到期的恩典堂@武吉巴督土地租约续租做准备，因此，我们在财务上有能力支付土地租赁的续租费用，而无需进行筹款。

We do not intend to pursue a request for plot ratio increase concurrently as it is a separate engagement with another government agency – the Urban Redevelopment Agency (URA). This process may take a longer length of time, as experienced during the redevelopment of Grace@Tanglin. At this point, we want to focus on securing the renewal of Grace@BukitBatok land lease with the Singapore Land Authority (SLA).

我们不打算同时提出增加容积率的请求，因为这是与另一个政府机构——市区重建局（URA）的独立合作。这个过程可能需要更长的时间，就像在重建恩典堂@东陵时所经历的那样。目前，我们希望专注于与新加坡土地管理局（SLA）确保更新恩典堂@武吉巴督的土地租赁。

Our lease ends in 2034, so we have 10 years left on the current lease.

我们的租约将在2034年结束，因此我们目前还剩下10年的租约期限。

Grace Assembly has built its presence in Bukit Batok for the last 20 years and is home to more than a thousand regular Gracians. We have also established strong links with the local community through partnership with grassroots associations, REACH Community Services and Grace House Kindergarten.

With the ongoing development of the Tengah estate, we believe that God has strategically positioned Grace@BukitBatok to welcome more visitors and to reach out to more people in the community. We want to continue to be the salt and light in the west side of Singapore.

恩典堂在过去20年已经在武吉巴督建立了自己的存在感，并且有超过一千位会友。我们还通过与基层组织、援触社区服务协会和恩典幼儿园的合作，与当地社区建立了牢固的联系。

随着登加住宅区的持续发展，我们相信上帝已经战略性地将恩典堂@武吉巴督定位为欢迎更多新朋友并与社区更多人联系的地方。我们希望继续成为新加坡西部地区的盐和光。

With the release of the Revised Land Allocation and Pricing Framework for Place of Worship in May 2023, we can now apply to renew our lease for Grace@BukitBatok in advance and at a potentially lower cost. The revised framework prices the site at the fair market value pre-determined by the Chief Valuer and is expected to be lower than the previous tendering system. According to MND, the average rate paid by religious organisations which have renewed their lease is approximately 47% less under the new revised framework. For lease renewals, Grace AG can proceed directly with the renewal procedures without having to go through a ballot.

The ECB posits that we are at a favourable juncture where we can converge our plans on renewing the lease on Grace@BukitBatok and the plans for its refresh. We hope to extend the foreseeable runway and have surety of the lease duration, before carrying out any major works to refresh Grace@BukitBatok. With the certainty of the duration, we can then plan and invest to do more extensive works at Grace@BukitBatok such as reconfiguring our premises for more flexibity in multi-usage, and replacing the mechanical & electrical systems which typically has a 15-to-20-year lifespan. The market value for the site at this point would also likely be lower than 10 years later when the estate becomes more mature.

随着2023年5月发布了宗教场所土地分配和定价框架，我们现在可以提前申请续租恩典堂@武吉巴督的租约，而且可能会以更低的成本续约。修订后的框架将土地定价为由首席估价师预先确定的公平市场价值，预计会低于先前的招标系统。根据国家发展部，在新修订的框架下，已经续签租约的宗教组织支付的平均费用大约降低了47%。对于租约续租，恩典堂可以直接进行续租手续，而不必通过抽签程序。

教会执事会认为，我们正处于一个有利的时机，可以将恩典堂@武吉巴督的租约续约计划与其更新计合并在一起。我们希望在进行任何重大更新工程之前，延长可预见的使用期限，并确保租约持续时间。有了租约期限的确定性，我们可以计划并投资进行更大范围的工程，例如重新配置我们的场地以实现更灵活的多功能使用，并更换通常具有15到20年使用寿命的机械和电气系统。目前该地点的市场价值可能也比10年后的更成熟的地产市场价值要低。

This is the current process and procedure from SLA that we are adhering to. We will assess the offer from SLA when it is made to us.

这是我们目前遵循的新加坡土地管理局（SLA）的流程和程序。当SLA向我们提出报价时，我们将对其进行评估。

We will then look at the refresh works that can be done at Grace@BukitBatok to inject a fresh look and feel to Bukit Batok and to rectify some areas to create a more conducive space for Gracians and guests for the next 10 years.

如果我们无法续租租约，我们将考虑在恩典堂@武吉巴督进行更新工程，为武吉巴督注入新的感觉和外观，修正一些区域，在接下来的10年为恩典堂和访客创造一个更便利的空间。

Staff has submitted the application for the lease renewal on the land at Grace@BukitBatok on 15 February 2024. SLA will take up to 20 weeks to get back to us on the offer. After which, we have 6 weeks to deliberate on whether we would like to take up the offer made to us.

同工已于2024年2月15日提交了关于恩典堂@武吉巴督土地租约续租的申请。新加坡土地管理局将在最多二十周内回复我们的报价。之后，我们有六周时间来考虑是否接受他们提出的报价。

The ECB and staff are praying to be granted an offer of 30 years from year of renewal, but we are prepared to consider any offer of at least 20 years, from the year of renewal.

执事会和同工正在祷告能够获得从更新年起的30年延期，但我们将会考虑任何从更新年起的20年期限的提议。

The Estate & Facilities Committee has also begun seeking consultation on the options for refreshing Grace@BukitBatok campus. The Committee has taken into account, feedback from Gracians and pastors, anticipated ministry needs and community engagement in the years ahead. We want to enhance the facilities to make it more elderly and family friendly, as well as augment spaces for more multi-purpose usage. The ECB and pastoral team hopes to see Grace@BukitBatok being used as a vibrant community hub not just for weekends but for weekdays too. The plans for the refresh of Grace@BukitBatok will be tabled at subsequent ABM, subject to the extension on the lease renewal.

产业与设施委员会也已经开始就更新恩典堂@武吉巴督的选项进行咨询。委员会考虑了恩友和牧师的反馈、未来几年的事工需求和社区参与。我们希望增强设施，使其更适合年长者和家庭使用，并增加更多多功能空间。执事会和牧师团队希望看到恩典堂@武吉巴督不仅在周末，而且在平时也是一个充满活力的社区中心。恩典堂@武吉巴督更新计划将在获得租约续约之后的ABM上提出。

We are in the midst of seeking consultations and exploring various options available should we secure the lease renewal. More details and plans will be tabled at future ABM when plans are more firm with justifications.

我们正在寻求咨询，并在确保租约续约后探索各种可用选项。在计划更加明确且有理有据时，更多的细节和计划将在未来的ABM上提出。

We will endeavour to reduce inconveniences to members and the childcare operator. However, we are studying into the pros and cons of all options.

我们将努力减少对会友和幼儿园运营商的不便。然而，我们正在研究所有选项的利弊。

Trustees are ordinary members who hold the properties for the Church. As a registered society, Grace Assembly of God (Grace AG) is not a legal entity separate from its members. As such, it cannot hold real estate in its registered name but must do so through trustees.

受托人是担任教会财产持有人的普通会友。作为一个注册社团，神召会恩典堂(恩典堂)不是一个独立于其会友的法律实体。因此，它不能以其注册名称持有房地产，而必须通过受托人持有。

Article 17 of the Constitution lays out the rules for trusteeship for Grace AG. Trustees are Ordinary Members proposed by ECB and accepted by a simple majority at a Business Meeting. Properties acquired by the Church shall be vested in four trustees subject to a declaration of trust.

Trustees appointed by the members of the Church are to hold the properties for the Church and for the use, purposes and benefit of the Church in accordance with the Church’s Constitution, rules and bye laws. Their duty is to convey on transferring the trust properties to persons entitled to hold it when required to do so. The Trustees do not have any discretion to deal with the properties unless instructed by the members of the Church, through a resolution passed
at a duly convened Business Meeting.

章程第17条规定了恩典堂受托人的规则。受托人是由教会执事会(执事会)提名的正式会友，并在事务大会上以简单多数票通过后被接受。教会所获取的财产应该委托给四位受托人，并受信托书的约束。

由教会会友任命的受托人应根据教会的章程、规则和条例持有财产，并为教会的使用、目的和利益提供支持。他们的职责是在需要时将信托财产转移给有权持有它的人。除非经由事务大会获得教会会友通过的决议指示，受托人是无权自行处理财产。

Upon resignation of a trustee, the new trustee will be proposed the Executive Church Board at an Annual Business Meeting and accepted by a simple majority.

在前任受托人卸任后，新的受托人由教会执事会（ECB）提名， 然后在常年事务大会上已简单多数票通过。

The purpose for a Townhall was to engage members in further explanation and clarification on resolutions prior to the deadline for proxy submission. To save members the time on an additional physical Tonwhall meeting, we are using a different method by releasing a video to explain the resolution this year. The option to email your questions and have them responded to, prior to the close for proxy submission remains available. You can submit your questions to abm@graceaog.org, and we will respond to them by 10 May 2024.

镇厅会议的目的是在提交委托书投票截止日期之前，进一步解释和澄清决议，鼓励会友参与互动。为了节省会友额外参加实体镇厅会议的时间，今年我们采用了不同的方法，通过发布视频来解释这项决议。在委托书投票截止日期前，您仍然可以通过电子邮件提出问题，并将在此之前得到答复。您可以将您的问题提交至abm@graceaog.org，我们将在2024年5月10日之前回复您。

While the amendments made in the Constitution has made provisions for the options to vote and conduct ABM by means of online, proxy or onsite, ECB has heard the feedback from some members who desire an onsite ABM. However, considering that we are a multi-generational church, we are offering two voting options to members and holding an onsite ABM this year, for more flexibilty and to encourage greater participation in ABM.

At the onsite ABM, members who have yet to vote will be eligible to do so upon registration. While members who have voted by proxy will be welcomed as observers.

We will continue to improve the operations on the conduct of ABM and we welcome your suggestions, if any. You can email them to abm@graceaog.org.

尽管章程中所做的修正已经为在线、委托书投票或现场投票和进行ABM提供了选项，但执事会收到一些会友的反馈，他们希望有现场的ABM。然而，考虑到我们是一个多代教会，今年我们为会友提供了两种投票选择，并举办现场ABM，以提高灵活性并鼓励更多的人参与。

在现场ABM上，尚未投票并成功在现场注册登记的会友可以投票。而已通过委托书投票的会友将作为观察员参加会议。

我们将继续改进ABM的运作，欢迎您提出建议。您可以将建议发送至abm@graceaog.org。

In tandem with trends in corporate Annual General Meetings, and the provision of voting by proxy for those who are unable to attend the onsite ABM, it will be hard to predict the actual turn out for the onsite ABM. In order to steward resources responsibly and avoid wastage of food, we have decided not to cater dinner for ABM.

由于考虑到ABM的趋势，以及对不能参加现场ABM的人提委托书投票的规定，因此很难预测现场ABM的实际出席率。为了负责任地管理资源，避免浪费食物，我们决定不为ABM提供晚餐。

Members are welcome to submit any questions they may have pertaining to the ABM via email at abm@graceaog.org by 3 May 2024, 11.59pm. Questions submitted by email will be responded to by 10 May 2024. Alternatively, there will be a Q&A segment during the Onsite ABM on 17 May 2024 for members to raise questions pertaining to the resolutions.

会友可以在2024年5月3日晚上11点59分之前，通过电子邮件abm@graceaog.org，提交任何与ABM相关的问题。通过电子邮件提交的问题将在2024年5月10日之前得到回复。另外，会友可以在2024年5月17日举行的现场ABM期间，参与问答环节提出与决议相关的问题。

Yes, voting will be conducted during the onsite ABM on 17 May 2024 for those who have NOT voted by proxy.

For Gracians who would like to attend the onsite ABM and vote at the meeting, you will be required to register your attendance in Emmaus Hall, Grace@Tanglin from 7.00pm onwards, for the necessary administrative processes. Registration will close by 7.45pm for ABM to begin at 8.00pm. Latecomers will not be eligible to vote and can only attend the ABM as observers. You are advised to have your mobile phones with you to log into the live voting system that will be utilised that day.

是的，那些尚未通过委托书投票的会友，将在2024年5月17日的现场ABM上进行投票。

对于想要参加现场ABM并在会议上投票的恩友，您需要在当天晚上7点后在恩典堂@东陵的以马忤斯堂注册登记，以完成必要的行政手续。注册将在当晚7点45分关闭，以便8点开始ABM。迟到者将无资格进行投票，只能以观察员身份参加ABM。请您携带手机，以便登录当天将使用的实时投票系统。

We have engaged a solutions provider specialising in general meetings, for our onsite live voting on 17 May 2024. You will be issued a QR code with unique login details upon registration. You can then login with your mobile phones/tablets and vote live at each resolution through the vendor’s platform.

我们已经与一家专门从事大会服务的解决方案供应商合作，为我们2024年5月17日的现场实时投票提供支持。您将在注册时收到一张独有的登录QR码。您随后可以使用您的手机/平板电脑登录，并通过供应商的平台在每个决议上进行实时投票。

Absolutely. We understand that it may be challenging for members to attend onsite ABM physically on a workday night. For your convenience, proxy voting continues to be available, if you are unable to attend the onsite ABM. By completing and endorsing on the proxy form, either digitally or hardcopy, voting members are able to exercise their rights by appointing the Chairman as proxy to represent them at the ABM on 17 May 2024, even if they are unable to attend the session themselves.

当然。我们理解对于一些会友来说，在工作日晚上亲自参加现场ABM可能会有一定的挑战。为给您提供方便，如果您无法亲自参加现场ABM，仍然可以使用委托书投票。通过填写和签署委托表格，无论是电子版还是纸质版，投票会友都可以行使他们的权利，即使他们无法亲自出席会议，仍可以委托主席在2024年5月17日的ABM上代表他们。

In order to announce the results to members speedily on the day of ABM, we need to close the proxy voting earlier for the necessary data entry with our solutions provider, in order to tally with the onsite votes and generate the results during the ABM itself.

Do note that the proxy vote you submit by 13 May 11.59pm will be taken as FINAL and you will NOT be eligible to revise or cast your vote at the onsite ABM on 17 May 2024. You can also register your interest to view the ABM proceedings online and the link will be sent to you closer to the date.

为了在ABM当天迅速向会友公布结果，我们需要提前关闭委托书投票以进行必要的数据录入，以便与现场投票进行核对，并在ABM期间生成结果。

请注意，您在5月13日晚上11点59分之前提交的委托书投票将被视为最终投票，您将无权在2024年5月17日的现场ABM上修改或投票。您还可以注册在线观看会议进程，会议直播的链接将在临近大会日期时发送给您。

Do note that the proxy vote you submit by 13 May 11.59pm will be taken as FINAL and you will NOT be eligible to revise or cast your vote at the onsite ABM on 17 May 2024. You can also register your interest to view the ABM proceedings online and the link will be sent to you closer to the date.

All questions related to the ABM must be received by the Church via email or post by 3 May 2024, 11.59pm. These questions will be attended to and may be published on the Church website subject to the questioner’s permission or ECB’s discretion.

Voting members who wish to change their votes after submitting their proxy forms, may submit another proxy form, before 13 May 2024, 11.59pm.

The latter proxy form, if it is valid, will supersede the voting member’s earlier submission, and will be accounted for quorum. The earlier proxy form submitted by the same voting member will then be made void.

所有与ABM相关的疑问，必须在2024年5月3日，晚上11点59分之前，通过电邮或邮寄至教会。这些问题将会被处理，并且在经提问者许可或教会执事会酌情决定后，在教会网站上发布。

有投票权的会友若在提交委托书后更改投票意愿，可于5月13日，晚上11点59分之前提交另一份委托书。

若重新提交的委托书有效，则将会取代投票会友之前所提交的委托书，并将被计算入法定人数。由同一个投票会友在之前所提交的委托书将会被作废。

If you have voted by proxy, you can attend the onsite ABM on 17 May 2024 as an observer. Do note that you will NOT be eligible to revise or cast your vote at the onsite ABM on 17 May 2024.

如果您已经通过委托书投票，您可以以观察员的身份参加2024年5月17日的现场ABM。请注意，您将无权在2024年5月17日的现场ABM上修改或投票。

All eligible voting members can register your interest to view the ABM proceedings online at https://tinyurl.com/63ABMRegn and the link will be sent to you closer to the date.

所有具有投票资格的会友都可以在https://tinyurl.com/63ABMRegn注册在线观看ABM的进程，链接将在临近日期时发送给您。

Selected staff are authorised to access the proxy forms that come in electronically or hand delivered. Hardcopies will be kept secured.

Each of these authorised staff has signed a non-disclosure agreement to keep the contents in the proxy forms received, confidential.

只有少数的同工被挑选授权处理通过电子邮件和信箱发送的委托书。打印版委托书将被妥善保管。

每个被授权的同工都已签署了保密协议，确保收到的委托书内容的机密性。

Authorised staff will only check for the validity of the proxy forms i.e. to ensure they are duly completed and signed, upon receipt. Proxy forms that are incomplete, improperly completed or illegible, or where the true intentions of the registered member to whom the form is addressed to, are not ascertainable from the instructions specified in the proxy form, will be rejected.

Only valid proxy forms will be included to account for quorum. Votes are not counted at this point.

Proxy forms received via email are printed out and checked for validity. All valid proxy forms will be kept in a sealed box. The sealed box will only be opened for the purpose of data entry by selected staff after the submission deadline on 13 May 2024.

The final tabulation of votes, both proxy and live voting will be done by a team, in the presence of the Returning Officer and two Scrutineers. All handling of proxy forms and votes will be conducted in a room that is under surveillance of security cameras.

Everyone involved in the data entry and counting of votes will be required to sign a non-disclosure agreement to keep the contents in the proxy forms received and the vote counting proceeding and results, confidential.

被授权的同工只检查委托书的有效性，即确保收到的委托书已填妥及签署。不完整、填写不正确或字迹难以辨认的委托书，或接收委托书的注册会友的真实意图无法从委托书中指明，都将会被拒绝。

只有有效的委托书才会被计算为法定人数。在这个阶段尚未计算选票。

通过电子邮件收到的委托书将被打印出来并检查其有效性。所有有效的委托书将保存在密封箱内。密封箱只会在2024年5月13日提交截止日期后，由选定的工作人员打开，进行数据录入。

委托书投票和现场投票的最终汇总将由一个团队在选举官和两名监票员的监督下完成。所有对委托书和投票的处理将在一个受到安全摄像头监控的房间进行。

参与数据录入和票数统计的所有人员都将被要求签署保密协议，以确保收到的委托书中的内容以及投票计数过程和结果的机密性。

We will endeavour to announce the results of the Election of the Executive Church Board 2024-2025 by the Chairman at the 63rd Annual Business Meeting (ABM) on 17 May 2024, subject to unforseen circumstances. The results will be published on the Church website the following day on 18 May 2024.

我们将尽量在2024年5月17日举行的第63届常年事务大会（ABM）上由主席宣布2024-2025年度教会执事会选举的结果，但视情况而定。此结果将于次日2024年5月18日在教会网站上公布。

The solution provider, LUMI, has been a dominant global player for over 30 years, in the provisioning of software for Annual General Meetings (AGMs). Their offices span over 13 countries, across Europe, APAC, The Middle East, Africa, and the Americas. In Singapore, their customers include the local banks. Their data processing is done locally within Singapore, which is compliant with our privacy laws.

解决方案提供商LUMI，在为年度股东大会（AGMs）提供软件方面已经是一个占主导地位的全球性参与者超过30年。他们的办公室遍布欧洲、亚太、中东、非洲和美洲的13个国家。在新加坡，他们的客户包括本地银行。他们的数据处理在新加坡本地进行，符合我们的隐私法律要求。