OneCard Metal card Re-issuance fee.

I was looking at the charges and it says Reissuance charge for the metal card is 3000.

Does reissuance just mean in case of loss / damage or does it also include getting a new card in 5 years with a newer expiry date? 

If its the latter, I would think a lot of people will be upset when their current card expired and they are charged 3000 for a new card.