利 特 米 有 限 公 司（「 本 公 司 」）董 事（「 董 事 」）會（「 董 事 會 」）宣 佈 本 公 司 及 其 附 屬 公 司（ 統 稱 為「 本 集 團」）截至二零二五年六月三十日止六個月之未經審核簡明綜合業績，連同二零二四年同期的相關比 較數字如下： 利 特 米 有 限 公 司 （ 於開曼群島註冊成立之有限公司） （股份代號：1936） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Ritamix Global Limited 截至二零二五年六月三十日止六個月 之中期業績公告 未經審核簡明綜合權益變動表 截至二零二五年六月三十日止六個月 – 1 – 未經審核簡明綜合損益及其他全面收益表 截至二零二五年六月三十日止六個月 | | | 截至六月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | 附註 | 千令吉 | 千令吉 | | | | （未經審核） | （ 未經 ...

Core Viewpoint - The company, Litemi (01936.HK), will hold a board meeting on August 29, 2025, to review and approve its interim results for the six months ending June 30, 2025, and to declare an interim dividend if applicable [1] Group 1 - The board meeting is scheduled for August 29, 2025 [1] - The meeting will focus on the interim results for the six months ending June 30, 2025 [1] - The company may declare an interim dividend during this meeting [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失 承擔任何責任。 Ritamix Global Limited 利 特 米 有 限 公 司 馬來西亞，二零二五年八月十九日 於本公告日期，執行董事為拿督斯里Lee Haw Yih（ 主席及行政總裁）及拿汀斯里Yaw Sook Kean；非執行董事 為Lee Haw Shyang先生；及獨立非執行董事為Lim Chee Hoong先生、Ng Siok Hui女士及Tee Pao Hwei女士。 （股份代號：1936） 董事會會議日期 利特米有限公司（「本公司」）宣佈，本公司謹訂於二零二五年八月二十九日（ 星期五 ）舉行董 事（「董事」）會（「董事會」）會議，藉以（ 其中包括 ）考慮及批准本公司及其附屬公司截至二零 二五年六月三十日止六個月之中期業績及其公告以供發佈及考慮宣派中期股息（ 如有）。 代表 利特米有限公司 主席及執行董事 拿督斯里Lee Haw Yih （ 於開曼群島註冊成立的有限公司） ...

[Supplementary Announcement Overview](index=1&type=section&id=Supplementary%20Announcement%20Overview) This supplementary announcement provides additional details on the stock option scheme for Litmi Co. Ltd.'s 2024 annual report, as required by Listing Rule Chapter 17 [Introduction and Purpose](index=1&type=section&id=Introduction%20and%20Purpose) This announcement supplements Litmi Co. Ltd.'s 2024 annual report by providing additional stock option scheme details under Listing Rule Chapter 17, without altering other report contents - This announcement supplements Litmi Co. Ltd.'s (Stock Code: 1936) 2024 annual report, published on April 25, 2025[2](index=2&type=chunk)[3](index=3&type=chunk) - The announcement's purpose is to provide further disclosure on the stock option scheme as per Listing Rule Chapter 17[3](index=3&type=chunk) - All other contents of the annual report remain unchanged, apart from this supplementary disclosure[3](index=3&type=chunk) [Stock Option Scheme Details](index=1&type=section&id=Stock%20Option%20Scheme%20Details) The company discloses the total shares available for issuance under the 2024 stock option scheme and its proportion of issued share capital, confirming no service provider sub-limits Total Shares Available for Issuance and Proportion under Stock Option Scheme | Date | Total Shares Available for Issuance (shares) | Proportion of Issued Share Capital (excluding treasury shares) | | :--- | :--- | :--- | | January 1, 2024 | 50,000,000 | Approximately 10.6% | | December 31, 2024 | 50,000,000 | Approximately 10.7% | | Annual Report Date | 50,000,000 | Approximately 10.7% | - The stock option scheme does not include any sub-limits for service providers[4](index=4&type=chunk)

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年7月31日 | | | | 狀態: 新提交 | | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | 公司名稱: | 利特米有限公司 | | | | | | 呈交日期: | 2025年8月5日 | | | | | | I. 法定/註冊股本變動 | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | 證券代號 (如上市) | 01936 | 說明 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.01 | HKD | 200,000,000 | | 增加 / 減少 (-) | | | 0 | | | ...

Financial Performance - The total revenue for the fiscal year ending December 31, 2024, was approximately 122.5 million MYR, representing a slight increase of about 4.0% from 117.8 million MYR in the previous fiscal year[13]. - The distribution segment contributed 94.8 million MYR (77.3% of total revenue), while the manufacturing segment generated 27.8 million MYR (22.7% of total revenue) for the fiscal year 2024[19]. - The net profit after tax decreased to approximately 7.7 million MYR, down about 30.0% from 11.0 million MYR in the previous fiscal year, primarily due to additional project expenses incurred by a subsidiary[13]. - The manufacturing revenue decreased by approximately 19.0% or about 6.5 million MYR, from approximately 34.3 million MYR in the previous fiscal year to about 27.8 million MYR in the current fiscal year, attributed to intense price competition in the market[20]. - Distribution revenue increased from approximately 83.5 million MYR to about 94.8 million MYR, representing a growth of approximately 13.5% or about 11.3 million MYR[21]. - Gross profit slightly decreased from approximately 26.1 million MYR to about 25.8 million MYR, a decline of about 1.1%[23]. - Other income and gains rose from approximately 3.7 million MYR to about 5.3 million MYR, primarily due to increased bank interest income and foreign exchange gains[24]. - Administrative and other operating expenses increased by approximately 3.3 million MYR or 25.4% to about 16.3 million MYR, mainly due to additional project expenses from investments in Wenchang, Hainan[25]. - Profit for the fiscal year decreased from approximately 11.0 million MYR to about 7.7 million MYR, with earnings per share dropping from approximately 2.42 MYR to about 1.76 MYR[28]. - The effective tax rate increased from approximately 26.7% to about 33.0% due to an increase in non-deductible expenses[27]. Economic Outlook - The company anticipates continued economic challenges in 2025, including a sluggish outlook for major trading partners and ongoing geopolitical conflicts[15]. - The company is committed to monitoring global economic developments while maintaining a cautiously optimistic outlook[15]. - The company will maintain a vigilant cost management approach to mitigate adverse impacts while seeking domestic and international opportunities[15]. Corporate Governance - The company has a structured governance framework with committees for remuneration and audit, ensuring compliance and strategic oversight[63]. - The board consists of six members, with three being female, achieving a gender ratio of approximately 1.1:1[115]. - The board has adopted a nomination policy to ensure a balanced composition of skills, experience, and diversity[119]. - The company has established mechanisms to ensure the board receives independent opinions and advice, which are reviewed annually[127]. - The board has achieved all measurable targets set for diversity in the current financial year[118]. - The company has adopted a zero-tolerance policy towards bribery and corruption, aligning with the Malaysian Anti-Corruption Commission (Amendment) Act 2018[128]. - The board held a total of four meetings during the fiscal year, with all directors attending 100% of the meetings[135]. - The company has established three board committees: Audit Committee, Remuneration Committee, and Nomination Committee, to oversee specific aspects of its operations[141]. Environmental, Social, and Governance (ESG) Initiatives - The company reported a commitment to sustainable development through the establishment of an ESG working group to coordinate and implement sustainability initiatives[71]. - The ESG report indicates no legal or regulatory violations reported in Malaysia, the company's operational region[71]. - The company has maintained a consistent reporting scope and framework in the ESG report to ensure meaningful comparisons with the previous year[75]. - The company has a strong focus on stakeholder engagement, utilizing various communication channels to address their concerns and expectations[76]. - The company has adopted appropriate risk management policies to mitigate potential financial or reputational damage related to ESG performance[71]. - Total greenhouse gas emissions for the fiscal year 2024 were 529.0 tons of CO2 equivalent, slightly up from 522.6 tons in 2023, with Scope 1 emissions decreasing from 229.9 tons to 201.3 tons[78]. - The company achieved a reduction in nitrogen oxides (NOx) emissions from 0.9 kg in 2023 to 0.8 kg in 2024, and sulfur oxides (SOx) emissions decreased from 4.5 kg to 3.9 kg[77]. - The company has implemented waste management principles focusing on reduction, reuse, and recycling, and encourages employees to use reusable containers[82]. - There were no significant environmental violations reported in the fiscal year 2024, with no fines or penalties from the Malaysian Ministry of Environment[87]. Employee and Training Initiatives - The company has a total of 52 full-time employees, with 48% male and 52% female representation[94]. - Employee turnover rate is 16.0% for those under 30 years old, 25.9% for those aged 30 to 50, and 5.8% for those over 50[93]. - In the fiscal year 2024, a total of 37 employees participated in training, averaging 3 hours of training per employee[98]. - The percentage of trained employees is 46% male and 54% female, with 29% from senior management and 71% from middle management[99]. - Average training hours per employee are 17.0 hours for males and 20.0 hours for females[100]. Risk Management - The group has identified key risks including animal disease outbreaks and fluctuations in product demand and market prices, which could adversely affect financial performance[40]. - The group has implemented risk management policies to address various potential risks associated with its business operations[154]. - The board has confirmed the effectiveness and sufficiency of the group's risk management and internal control systems, which are designed to manage rather than eliminate risks[157]. Shareholder and Financial Policies - The company declared a special dividend of approximately 29.5 million MYR, equivalent to 0.11 HKD per share, to be paid on January 15, 2025[31]. - The company does not recommend a final dividend for the fiscal year, consistent with the previous year where no dividend was declared[174]. - The company has adopted a share option scheme to incentivize employees and other contributors, allowing the board to grant options at a price of HKD 1.00[182]. - The maximum number of shares that may be issued under the share option scheme is capped at 30% of the total issued shares at any time[183]. - The company will suspend share transfer registration from June 20 to June 25, 2025, to determine eligibility for the upcoming annual general meeting[175].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of 122,534 thousand MYR, an increase of 4.9% from 117,797 thousand MYR in the previous year[4] - The gross profit for the fiscal year was 25,769 thousand MYR, a slight decrease of 1.3% compared to 26,117 thousand MYR in the prior year[4] - The company's profit before tax decreased to 11,461 thousand MYR, down 23.5% from 15,024 thousand MYR in the previous fiscal year[4] - The net profit for the fiscal year was 7,680 thousand MYR, representing a decline of 30.9% from 11,008 thousand MYR in the previous year[4] - Basic and diluted earnings per share for the fiscal year were 1.76 sen, down from 2.42 sen in the previous year, reflecting a decrease of 27.3%[5] - Total comprehensive income for the fiscal year was 5,057 thousand MYR, a decrease of 56.3% from 11,557 thousand MYR in the prior year[4] Assets and Liabilities - The company's total assets increased to 174,886 thousand MYR, up from 170,511 thousand MYR, indicating a growth of 2.2%[6] - Total liabilities rose to 41,182 thousand MYR, compared to 10,351 thousand MYR in the previous year, marking a significant increase[6] - The company reported cash and cash equivalents of 60,321 thousand MYR, an increase from 56,449 thousand MYR in the previous year[6] Revenue Segmentation - Revenue from distribution in fiscal year 2024 was 94,775 thousand MYR, up 13.5% from 83,493 thousand MYR in fiscal year 2023[25] - Gross profit for the animal feed additive segment in fiscal year 2024 was 21,578 thousand MYR, compared to 21,008 thousand MYR in fiscal year 2023, reflecting a slight increase[18][19] - The company's total revenue from confirmed inventory costs was 96,765,000 MYR in 2024, up from 91,680,000 MYR in 2023, representing a growth of 5.7%[26] Employee and Operational Costs - Total employee costs increased to 7,461,000 MYR in 2024 from 6,347,000 MYR in 2023, reflecting a rise of 17.6%[26] - Administrative and other operating expenses increased by approximately 25.4% from about 13.0 million MYR to approximately 16.3 million MYR[54] Investments and Acquisitions - The company completed the acquisition of a 4.8% stake in a registered company in Malaysia for 2,877,000 MYR, which was finalized by the end of the fiscal year[40] - The company has approximately HKD 42.1 million allocated for the construction of a new production facility, which remains unutilized due to delays caused by COVID-19 and supply chain disruptions[77] - The company has approximately HKD 5.6 million set aside for potential investments in companies engaged in animal feed additives and/or veterinary-related industries, which also remains unutilized due to challenges from COVID-19 and African swine fever[79] Shareholder Information - The company approved a special dividend of approximately 29,521,000 MYR for the fiscal year ending December 31, 2024[30] - The board has decided to reallocate approximately HKD 13.4 million of the unutilized net proceeds for investments in the animal feed additives sector[74] - The share buyback plan allows for the repurchase of up to 20 million shares, representing about 4.24% of the total issued shares as of June 26, 2024[73] Corporate Governance - The audit committee has reviewed the consolidated financial statements for the fiscal year and believes they comply with applicable accounting standards[106] - The independent auditor has confirmed that the figures in the annual performance announcement are consistent with the audited financial statements[107] - The annual general meeting is scheduled for June 25, 2025[104] Market Conditions and Challenges - The company has encountered intensified competition from local and Chinese markets, impacting production levels and delaying the construction of the new facility[78] - The company has faced delays in obtaining additional orders from major clients due to their slowed business expansion plans[77] - The company is taking a cautious approach in increasing capacity and expanding its product portfolio, further assessing market demand for animal feed additives[78]

Financial Performance - Revenue for the six months ended June 30, 2024, was RM 59,634,000, a 0.9% increase from RM 59,123,000 in the same period of 2023[7] - Gross profit decreased to RM 12,391,000, down 3.1% from RM 12,793,000 year-over-year[7] - Profit before tax for the period was RM 6,156,000, a decline of 21.2% compared to RM 7,815,000 in the previous year[7] - Net profit for the period was RM 4,074,000, down 26.1% from RM 5,514,000 in the same period of 2023[7] - Total comprehensive income for the period was RM 4,444,000, a decrease of 29.6% from RM 6,317,000 year-over-year[7] - Basic and diluted earnings per share for the period were 0.86 sen, down from 1.17 sen in the previous year[7] - Revenue from external customers for the six months ended June 30, 2024, reached 59,634 thousand MYR, a slight increase from 59,123 thousand MYR for the same period in 2023, representing a growth of 0.9%[23] - Gross profit for the six months ended June 30, 2024, was 12,391 thousand MYR, compared to 12,793 thousand MYR in the previous year, indicating a decrease of 3.1%[20] - Net profit for the six months ended June 30, 2024, was 4,074 thousand MYR, compared to 5,541 thousand MYR in the previous year, a decrease of 26.5%[27] - The company incurred total employee costs of 3,146 thousand MYR for the six months ended June 30, 2024, compared to 2,995 thousand MYR in the previous year, an increase of 5.0%[26] Assets and Liabilities - Total assets as of June 30, 2024, amounted to RM 177,163,000, an increase from RM 170,511,000 as of December 31, 2023[8] - Total equity increased to RM 164,604,000 from RM 160,160,000 at the end of 2023[8] - Trade receivables as of June 30, 2024, amounted to RM 20,471,000, down from RM 21,946,000 as of December 31, 2023, indicating a decrease of approximately 6.7%[33] - The total trade and other payables increased to RM 10,083,000 as of June 30, 2024, from RM 7,703,000 as of December 31, 2023, reflecting an increase of approximately 30.5%[41] - The company's property, plant, and equipment decreased to RM 15,337,000 as of June 30, 2024, from RM 15,593,000 as of December 31, 2023, a decline of about 1.6%[32] - The company reported lease liabilities of approximately 1.5 million MYR as of June 30, 2024, down from approximately 1.9 million MYR as of December 31, 2023[60] Cash Flow and Investments - Operating cash flow decreased significantly to 76 thousand MYR compared to 13,703 thousand MYR in the previous year, reflecting a decline of 99.4%[10] - The company incurred a net cash outflow of 448 thousand MYR from financing activities, compared to 430 thousand MYR in the same period last year[11] - The company’s cash and cash equivalents at the end of the reporting period were 56,314 thousand MYR, a slight decrease from 57,280 thousand MYR in the previous year[11] - The net cash used in investing activities increased to 237 thousand MYR from 85 thousand MYR in the previous year, indicating a rise of 178.8%[10] - The company has no significant capital commitments as of June 30, 2024, except for a contracted but unrecognized capital commitment of approximately 16.2 million MYR for investment in Hainan Litmi[63] Business Segments - The company’s revenue performance is primarily driven by its two segments: animal feed additives and human food ingredients, although specific revenue figures were not disclosed[15][16] - Manufacturing business revenue for the same period was approximately 12.4 million MYR, accounting for about 20.8% of total revenue, a decrease of approximately 5.5 million MYR or 30.7% from about 17.9 million MYR in 2023[52] - Distribution business revenue increased to approximately 47.2 million MYR, representing about 79.2% of total revenue, an increase of approximately 5.9 million MYR or 14.3% from about 41.3 million MYR in 2023[52] Corporate Governance and Compliance - The company has adopted the corporate governance code and has complied with applicable provisions during the six months ending June 30, 2024, except for the separation of the roles of chairman and CEO[95] - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing the effectiveness of the group's financial reporting system and risk management[97] - The company has confirmed compliance with the standard code of conduct for securities transactions by all directors for the six months ending June 30, 2024[93] - The company emphasizes the importance of good corporate governance to achieve effective accountability and enhance shareholder value[94] Future Plans and Investments - The company plans to implement a share buyback program with a total fund not exceeding 12 million HKD, with a maximum buyback of 20 million shares, representing about 4.24% of the total issued shares as of June 26, 2024[49] - The company plans to construct a new production facility by December 31, 2025, with an allocated budget of HKD 42.1 million[74] - The company aims to hire more labor and establish a centralized enterprise resource planning system by December 31, 2025[75] - The company is actively seeking suitable investment opportunities despite the cautious approach due to the economic recovery from COVID-19[75] Shareholder Information - As of June 30, 2024, the company's directors and executives hold a combined 71.5% stake, equating to 337,500,000 shares[77] - Garry-Worth Investment Limited holds 337,500,000 shares, representing 71.5% of the company's total issued share capital[81] - Datuk Seri Lee Haw Yih owns 53.37% of Garry-Worth, while Lee Haw Shyang and Lee Haw Hann each own 20.17%[82] - Warrants Capital Ltd holds 27,482,000 shares, accounting for 5.8% of the company's total shares[81] Share Option Scheme - The company has adopted a share option scheme approved by shareholders on April 8, 2020, in accordance with the listing rules[83] - The maximum number of shares that can be issued under the share option scheme is capped at 50,000,000 shares, which is 30% of the total issued shares at the time of listing[86] - The total number of shares available for issuance under the share option scheme as of June 30, 2024, is 50,000,000 shares, representing approximately 10.6% of the company's total issued share capital[91] - The share option plan remains valid for a period of 10 years from its adoption date, with no options granted, exercised, canceled, or lapsed during the reporting period[91]

Financial Performance - Revenue for the six months ended June 30, 2024, was RM 59,634,000, a slight increase of 0.9% compared to RM 59,123,000 in the same period of 2023[2] - Gross profit decreased to RM 12,391,000, down 3.1% from RM 12,793,000 year-on-year[2] - Other income rose significantly to RM 2,843,000, an increase of 47.8% from RM 1,924,000 in the previous year[2] - Profit before tax decreased to RM 6,156,000, down 21.2% from RM 7,815,000 in the same period of 2023[2] - Net profit for the period was RM 4,074,000, a decrease of 26.5% compared to RM 5,541,000 in 2023[2] - Total comprehensive income for the period was RM 4,444,000, down 29.7% from RM 6,317,000 year-on-year[2] - Basic and diluted earnings per share were RM 0.86 sen, compared to RM 1.17 sen in the previous year, reflecting a decrease of 26.4%[2] Assets and Equity - Total equity attributable to owners of the company increased to RM 165,524,000 from RM 160,579,000, representing a growth of 3.7%[4] - Total assets as of June 30, 2024, were RM 177,163,000, an increase from RM 170,511,000 at the end of 2023[5] - Trade receivables as of June 30, 2024, amounted to 35,958 thousand Ringgit, an increase from 31,641 thousand Ringgit as of December 31, 2023, reflecting a rise of approximately 13.5%[27] - The group’s total assets as of June 30, 2024, included property, plant, and equipment with a carrying value of 15,337 thousand Ringgit, down from 15,593 thousand Ringgit as of December 31, 2023, indicating a decrease of approximately 1.6%[25] - The group’s other receivables, deposits, and prepayments totaled 19,928 thousand Ringgit as of June 30, 2024, compared to 21,644 thousand Ringgit as of December 31, 2023, showing a decrease of approximately 7.9%[27] Operational Highlights - The company continues to focus on expanding its distribution of animal feed additives and production of premixes, indicating ongoing investment in core business areas[6] - The gross profit for the animal feed additive segment was RM 3,294,000, while the human food ingredient segment reported a gross profit of RM 9,097,000, leading to a total gross profit of RM 12,391,000 for the six months ended June 30, 2024[11] - The distribution revenue for the six months ended June 30, 2024, was RM 47,237,000, an increase from RM 41,273,000 in the same period of 2023, marking a growth of 14.3%[15] - The manufacturing segment generated revenue of approximately 12.4 million MYR, accounting for about 20.8% of total revenue, a decrease of approximately 5.5 million MYR or about 30.7% from approximately 17.9 million MYR in the same period of 2023[34] - The distribution segment's revenue was approximately 47.2 million MYR, representing about 79.2% of total revenue, an increase of approximately 5.9 million MYR or about 14.3% from approximately 41.3 million MYR in the same period of 2023[34] Expenses and Costs - Total employee costs, including directors' remuneration, increased to RM 3,146,000 for the six months ended June 30, 2024, compared to RM 2,995,000 in the previous year[17] - Administrative and other operating expenses rose to approximately 7.6 million MYR, an increase of about 2.1 million MYR or approximately 38.2% from approximately 5.5 million MYR in the same period of 2023[38] - The depreciation expense for the six months ended June 30, 2024, was RM 859,000, slightly higher than RM 842,000 for the same period in 2023[13] Investments and Future Plans - The company plans to construct a new production facility by December 31, 2025, with an allocated budget of HKD 42.1 million[55] - The company has identified HKD 13.4 million for potential investments in companies related to animal feed additives and veterinary industries, with HKD 5.6 million remaining unutilized[55] - The establishment of a new testing laboratory is planned with a budget of HKD 3.5 million, expected to be utilized by December 31, 2025[56] - The company is actively seeking suitable investment opportunities despite a cautious approach due to the economic recovery from COVID-19[57] Corporate Governance - The board of directors confirmed compliance with the standards set out in the corporate governance code for the six months ending June 30, 2024[70] - The company has adopted the principles and relevant provisions of the corporate governance code, ensuring effective accountability and enhancement of shareholder value[71] - The audit committee, established on April 8, 2020, consists of three independent non-executive directors and is responsible for reviewing the effectiveness of the group's financial reporting system[73] Shareholder Information - The group did not declare an interim dividend for the six months ended June 30, 2024, compared to zero for the same period in 2023[24] - No interim dividend is recommended for the six months ending June 30, 2024, consistent with the previous period where no dividend was paid[45] - The average number of ordinary shares used for calculating basic and diluted earnings per share remained constant at 472,000,000 shares for both periods[23] - As of June 30, 2024, the total number of shares available for issuance under the share option scheme is 50,000,000, representing approximately 10.6% of the company's total issued share capital[68] - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the six months ending June 30, 2024[69] Risk Factors - The group is exposed to foreign exchange risks due to operations in Malaysia, with potential adverse impacts on financial performance from currency fluctuations[50]

Financial Performance - Total revenue for the fiscal year ended December 31, 2023, was approximately MYR 117.8 million, a decrease of about 12.2% from MYR 134.2 million in the previous fiscal year[12]. - The group's net profit after tax slightly decreased to approximately MYR 11.0 million, down about 2.7% from MYR 11.3 million in the previous fiscal year[13]. - Manufacturing revenue decreased by approximately 9.0% to MYR 34.3 million from MYR 37.7 million in the previous fiscal year, primarily due to reduced demand for vitamin and mineral premixes[20]. - Distribution revenue fell by approximately 13.4% to MYR 83.5 million from MYR 96.4 million in the previous fiscal year, attributed to intense market competition leading to decreased demand for animal feed and human food ingredients[21]. - The group's sales cost for the fiscal year ended December 31, 2023, was approximately 90,578 thousand MYR, a decrease from 101,061 thousand MYR in the previous year, with inventory costs accounting for 98.8% of total sales costs[22]. - Gross profit decreased from approximately 32.0 million MYR in the fiscal year ended December 31, 2022, to about 26.1 million MYR in 2023, representing a decline of approximately 18.4%, with the gross margin dropping from about 23.8% to approximately 22.2%[23]. - Other income increased from a loss of approximately 2.3 million MYR in the previous fiscal year to an income of about 3.7 million MYR, primarily due to increased bank interest income and fair value gains on other investments[24]. - Administrative and other operating expenses rose by approximately 2.4 million MYR or 22.6% to about 13.0 million MYR, mainly due to expenses incurred by a subsidiary in Hainan, China[25]. - The group's profit for the fiscal year ended December 31, 2023, was approximately 11.0 million MYR, slightly down from 11.3 million MYR in the previous year, with earnings per share at approximately 2.42 sen compared to 2.40 sen[28]. - The effective tax rate decreased from approximately 31.9% in the previous year to about 26.7% in 2023, primarily due to a reduction in non-deductible expenses[27]. - The group's cash and cash equivalents amounted to approximately 56.4 million MYR, an increase from 43.9 million MYR in the previous year[33]. Economic Outlook - The outlook for 2024 remains cautious due to expected ongoing economic turbulence and geopolitical conflicts affecting Malaysia's major trading partners[15]. - The company will continue to monitor its cost structure to mitigate adverse impacts from the ongoing global economic challenges[15]. - The global economic environment remains challenging, impacting the company's growth prospects and operational activities, particularly in the manufacturing segment[51]. - The company is closely monitoring the global economy to assess the appropriate timing for utilizing the unutilized net proceeds[51]. Business Strategy and Opportunities - The company aims to explore potential business opportunities both domestically and internationally with a cautiously optimistic approach[15]. - The company plans to employ more labor, with MYR 3.0 million allocated for this purpose, of which MYR 1.0 million has been utilized[49]. - The company is actively exploring suitable business and investment opportunities based on the planned use of the unutilized net proceeds[51]. - The company has no significant investment or capital asset plans for the coming year beyond those disclosed in the annual report[40]. Employee and Labor Information - The total employee cost for the fiscal year was approximately MYR 6.3 million, compared to MYR 5.9 million in the previous year[45]. - As of December 31, 2023, the company had 54 employees, an increase from 52 employees in 2022[45]. - Employee turnover rate was 3.8% for those under 30 years old, 7.1% for those aged 30 to 50, and 14.3% for those over 50[93]. - In the fiscal year 2023, a total of 26 employees participated in training, with an average of 14 hours of training per employee[98]. - The percentage of trained employees was 35% male and 65% female, with 19% from senior management and 81% from middle management[99]. - The average training hours completed were 15.17 for males and 13.94 for females, with senior management averaging 18.90 hours and middle management 13.29 hours[100]. - The company maintained a zero fatality rate in the workplace for the fiscal year 2023, with no work-related injuries resulting in lost workdays[97]. - The company has implemented various employee incentive measures to foster a high-performance culture[90]. Environmental, Social, and Governance (ESG) Initiatives - The company has established an ESG working group to coordinate and implement sustainable development strategies, with a focus on risk management to mitigate potential financial or reputational damage[68]. - The ESG report for the fiscal year 2023 covers the group's operations in Malaysia and is based on statistical reports and documents from the previous year[70]. - The company reported no violations of laws and regulations in Malaysia during the fiscal year 2023, indicating a strong compliance record[68]. - The total greenhouse gas emissions for the fiscal year 2023 amounted to 522.6 tons of CO2 equivalent, an increase from 500.9 tons in 2022, representing a growth of approximately 4.0%[78]. - Water usage decreased significantly to 2,460 cubic meters in 2023 from 4,195 cubic meters in 2022, a reduction of approximately 41.3%[83]. - The company has implemented waste management principles focusing on reduction, reuse, and recycling, with ongoing monitoring of waste generation[81]. - The company is committed to reducing its carbon footprint and has implemented energy-saving policies in its offices[88]. - The company has established a supplier base with 420 suppliers, including 157 local suppliers in Malaysia and 263 international suppliers across Europe, North America, Asia (excluding Malaysia), Australia, and others[102]. Corporate Governance - The company has adopted the corporate governance framework to ensure compliance with good governance practices and stakeholder expectations[111]. - The board of directors is responsible for overseeing the company's business and overall performance management, ensuring necessary financial and human resources support[115]. - The company has established an audit committee, a remuneration committee, and a nomination committee to ensure compliance with listing rules and effective governance[116]. - The board consists of six directors, including three independent non-executive directors, meeting the requirement of at least one-third independence[126]. - The company has implemented mechanisms to ensure the board receives independent opinions and advice, which are reviewed annually for effectiveness[127]. - The company has established a whistleblowing policy to encourage reporting of unethical behavior without fear of retaliation, reinforcing its commitment to integrity[108]. Shareholder Information - The board did not recommend a final dividend for the fiscal year, consistent with the previous year[31]. - The company’s dividend policy is discretionary and subject to the board's assessment of operational performance and cash position[168]. - Shareholders can propose resolutions for the annual general meeting by submitting written notice to the company secretary[163]. - The company held its annual general meeting on June 19, 2023, with full attendance from all directors[138]. Risk Management - The company has established a risk management policy to address various risks, including national, regulatory, operational, and ESG risks[154][156]. - The company has identified key risks including animal disease outbreaks and supply chain disruptions that could adversely affect financial performance[42]. - An independent internal control consultant was hired to review the financial procedures and internal control systems, confirming their effectiveness[155].