Last October 19, 2018, DFNN, Inc. held its Annual Shareholders’ Meeting at the Marquis Events Place in Bonifacio Global City, Taguig.
The Board of Directors. (from left to right: Mr. Edwin B. Villanueva; Mr. Elmer B. Serrano, Corporate Secretary; Mr. Calvin Lim, President and CEO; Mr. Roberto F. de Ocampo, Chairman Emeritus; Mr. Antonio A. Lopa, Chairman of the Board; Mr. Ramon C. Garcia, Jr., Vice Chairman of the Board and; Ms. Franchette M. Acosta)
Mr. Antonio A. Lopa, Chairman of the Board, calling the meeting to order.
Mr. Antonio A. Lopa, the Chairman of the Board, led the meeting which comprised the following agenda items: Approval of Minutes of the Previous Stockholders’ Meeting, Approval of Annual Report and Audited Financial Statements, Approval and Ratification of All Acts of the Board of Directors During Their Term of Election, Election of Directors, and the Appointment of DFNN’s External auditor.
The Board of Directors during the Annual Shareholders’ Meeting.
Mr. Calvin Lim, President and CEO of DFNN, Inc. rendered his report on the status of the operations of the company for the previous year. Highlights of the President’s report included significant milestones of DFNN from 2017 to 2018, updates on the company’s technology and gaming platform, and updates on the financial performance of the Group. Mr. Lim discussed the strengthening of DFNN’s platform infrastructure which involved the launch of DFNN Technology Services, Inc., (formerly known as DFNN Technology Center) last September 2017, as well as the strengthening of the UGL (Unified Gaming Lobby), CAMS (Cashier Management System) and a mobile business management tool for gaming partners. Moreover, Mr. Lim reported notable growth in the company’s e-casino expansion efforts. Electronic gaming machines (EGMs) increased from 5,557 in 2016 to 6,460 terminals in 2017.
Concluding the meeting, the eleven (11) directors, in compliance to the by-laws of the company, were re-elected for another term. Sycip Gorres Velayo & Company was re-appointed as DFNN’s external auditor for the ensuing year.
