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When completed, both factory facilities will feature state-of-the-art
machinery to further improve on our labour effciency and food
consistency. The enlarged food facilities will provide the platform to
grow our business both locally and regionally.
Retirement of Director
Having been an Independent Director of our Company since our
listing on the Catalist of the Singapore Exchange Securities Trading
Limited in January 2008, Mr Wong Chak Weng, with a view to
refreshing the Board, has decided to retire and will not be seeking
re-election at the forthcoming Annual General Meeting.
On behalf of the Board of Directors and the management team, I
would like to thank Mr Wong Chak Weng for his wise counsel and
guidance over the years and wish him all the best in his future
endeavours.
Dividends
The Directors have proposed an ordinary fnal dividend of 1.5
Singapore cents per ordinary share for FY2014.
Going Forward
With a continuing labour shortage in the Food & Beverage sector,
labour costs are expected to continue rising.The Group will continue
to explore ways to improve the productivity and proftability of
individual brands with the assistance of government agencies
where possible.
While the Group expects rental and raw materials costs to remain
high, we will continue to manage these costs through a variety of
ways. These include better raw materials management, improved
productivity at our production facilities, and further strengthening
of our product range.
Acknowledgement
I would like to express my heartfelt appreciation to our customers for
their continued patronage and our shareholders,Directors,bankers,
strategic business partners and our staff for their continued support.
HAN KEEN JUAN
EXECUTIVE CHAIRMAN
CHAIRMAN’S STATEMENT AND OPERATIONS REVIEW
9
Annual Report 2014 •