1. The company is measured against high quality service standards and governed by the terms and condition of its contracts with the company customers. Any failure by it to comply with these standards or the terms and conditions may lead to the cancellation of existing and future bookings, which could adversely affect its reputation, business, results from operations, financial conditions and cash flows.
2. Its business depends on the company relationships with vendors who supply vehicles and chauffeurs to its, and any adverse changes in such relationships, or its inability to enter into new relationships, could adversely affect the company business and results of operations.
3. The company derives a significant part of its revenue from some customers, and the company does not have long term contracts with all of these customers. If one or more of such customers choose not to utilise its services or to terminate the company contracts or agreements, its business, cash flows, financial condition and results of operations may be adversely affected.
4. Any downturn in Global capability centres ("GCC") would create an adverse impact on its revenue from customers in the ETS business segment, cash flows and financial conditions.
5. Misconduct by its employees and contracted chauffeurs may be difficult to detect and could harm the company brand and its reputation, or adversely affect the company's business prospects, results of operations and financial condition.
6. Its brand image is integral to the company's success and if the company is unable to effectively maintain, promote and enhance its brand, the company's business and reputation may be adversely affected.
7. The company incur significant expenditure towards its vendors and vehicle operation expenses. Any increase in factors affecting the pricing of the services provided by its vendors or cost of operating the company vehicles may have an adverse impact on its business, financial conditions and results of operations.
8. Intense competition in the chauffeur driven mobility provider industry could affect its pricing, which could consequently decrease the company revenues and profitability.
9. The company will not receive any proceeds from the Offer for Sale. The Selling Shareholders will receive the Net Proceeds from the Offer for Sale.
10. The company has long standing relationships with some of its customers which also contribute significantly to its revenue from operations. If one or more of such customers choose to terminate its contracts, the company's business, financial condition and results of operations may be adversely affected.