I'd like some assistance with the chairman's report.
Valentine Conputer Limited Project Valentine Conputer timited is a fictitious conpany. Mar sinilaeity co aay compasy reglatered in Jamalea or any compasy liated on the Janatce ftoek Ekchange in entirely eofneltestal are tlecitious. Any ininilarity to any petaon livitag or desd asd to any crassaceion which has eceirred or agbe oceir in the futwre il entirely coineldeotal and unintent The conpany is incorporatied as o publie eompany under the lawa of Jamaics and itn shares are quoted on the Jamatea stock Exchange, The conpany wan incorporated on Jeptember 15, 2015 and acatted operating on dovertier 1, 2015. Fhe Initial puldie oftering (IPO) of the company wat on Decenber 20, 2619. The priveipal octivitien of the company are the sale of conputers, 1apteps, twbleth, pelisters, the ande of esnputer parta, and cosputer repairm. The coripany malstaing its aceount wning the histerical epat eonvestien, nodified for any revalsatien. The sompany' i year end to detaber 31. Durtich its frat yeat of operation the eonpany apened one office in Kingsten and set ocepany opened an oftice in Mandertile and one in wotegs Any. bringing the total nunber of ofticen to tour (4). In the thigd your of aperation the conpany opened an oftice in ache Fion and one tn Fortmore bringing the total nanber of officen to nfie (6). The mxpected expanaioh of the cempany to Mhy Fen and thas erua in 2020 did not naterlaliae. Tala was due to the Mstld llealeh organizution (hiol declaring the hovel ceronayirak, covib-15 to be a global fatdenle on Mareh 11, 2020. The lockdores, stay at hoe orsers, 60 novenent dayk, eisoing of the porti and other meanures inpienented by the Jamatcan Governent togetively affected ecencmie activity in Jasalea. Minilar neaberte opet inpleocented ty Governnenta in other Caribbean countrien and Governente right across the qlebe dibrupting buninest opetatione worldulde: Fhe meanuted inpletented by the Jamaleat Covernent to control the apread of the wiras were qraduall 7 relawed of lifted in 2021 . Fhis trend has concinued into the financial year ended octaber 31 , 2022. The Janatean coveranent Ilited al1 cokio-19 protoeols under the Dinanter Rink Manapinent Aet (bora) eftective mareh 18, 2027. The eapected wmannsod of the conpany to May lwa and Santa crup ia expected te materla1fae in munnes of 2023 . Pagu:2 The donand for laptops, rablece and poreonal conputars increased significantly in 2021 an many perbons ted to work frem tobe wad elinses for mtudentn went onlise. The wuditorn ronter i rhonpson coopleted their sodit for the financial yeor ended Getcher 31. 2022 and issued on unvralified autit report on Januas 20 , 2023. The nuditots ate wiliting to continue in office for tha financlal year ending ortaber 31 . 2023. The regiatered oftice of the conpany is loeated at 00 larboue Gtreer, Kingston, Janajea, The annad general neoting ot the company is schedaled tor Monday. Kareh 27,2023 , at 10:30 A.n. at Pegasua Hotel, II Rnutsford Boolevard, Kinjaton S, Janasea. the not:oo for the annical general geetang wan aust to the ahareholderi by the Campany Secretary. Maliasa willaad oa Febtuary 27, 2023. Valentine Computer Limited project Valentine Computer Limited is a fictitious company. Any similarity to any company registered in Jamaica or any company listed on the Jamaica Stock Exchange Lansactions in this project and and unintentional. The persons and to any person living or dead ar the are Eictitious. Any simich has occurred or might ocction whichal. future is entirely coincidental and unintent The company is incorporated as a public company under the laws of Jamaica and its shares are quoted on the Jamaica Stock Exchange. The company was incorporated on September 15,2015 and started operating on November 1,2015 . The initial public offering (IPO) of the company was on December 20, 2019. The principal activities of the company are the sale of computers, laptops, tablets, printers, the sale of computer parts, and computer repairs. The company maintains its accounts using the historical cost convention, modified for any revaluation. The company's year end is October 31. During its first year of operation the company opened one office in Kingston and one office in Saint Andrew. In the second year of operation the company opened an office in Mandeville and one in Montego Bay, bringing the total number of offices to four (4). In the third year of operation the company opened an office in Ocho Rios and one in Portmore bringing the total number of offices to six(6). The expected expansion of the company to May Pen and Santa Cruz in 2020 did not materialize. This was due to the World Health organization (WHO) declaring the novel coronavirus, COVID-19 to be a global pandemic on March 11, 2020. The lockdowns, stay at home orders, no movement days, closing of the ports and other measures implemented by the Jamaican Government negatively affected economic activity in Jamaica. Similar measures were implemented by Governments in other Caribbean countries and Governments right across the globe disrupting busdness operations worldwide. The measures implemented by the Jamaican Government to control the spread of the virus were gradually relaxed or lifted in 2021 . This trend has continued into the financial year ended October 31, 2022. The Jamaican Government lifted al1 CoVID-19 protocols under the Disaster Risk Management Act (DRMA) effective March 18, 2022. The expected expansion of: the company to May Pen and Santa Cruz is expected to materla11ze in summer of 2023 . Page 2 The demand for laptops, tablets and personal computers increased significantly in 2021 as many persons had to work from home and classes for students went online. The auditors Foster \& Thompson completed their audit for the financial year ended october 31,2022 and issued an unqualified audit report on January 20,2023 . The auditors are willing to continue in office for the financial year ending october 31 , 2023. The registered office of the company is located at 00 Harbour Street, Kingston, Jamaica. The annual general meeting of the company is scheduled for Monday, March 27, 2023, at 10:30 a.m. at Pegasus Hotel, 81 Knutsford Boulevard, Kingston 5, Jamaica. The notice for the annual general meeting was sent to the shareholders by the Company Secretary, Melissa Williams on February 27,2023