SCAAST Annual General Meeting was held at Nanyang Polytechnic on 1 June 2014. On behalf of the Executive Committee, President Lin Feng reported on the major development of the association in the past year, and the plan for future activities. Highlighted are its efforts on formation of technical chapters and the strategies for more efficient collaboration modes in Singapore and China. The meeting approved the Treasurer Report 2013/1014 by Mr Heng Hiang Jin. The association is with a healthy financial status. Honorary President Lu Li presented the Service Award and Contribution Award to a few active members. Following the AGM, the members shared with each other their interesting experiences in technology innovation and business development. Honorary Secretary Xie Ming gave an attractive talk on nature of financing in economic development.