will be focusing on the growth of EOF sales volumes through competitive pricing strategies. We will continue to drive volume through thematic advertising campaigns, aimed at enhancing in-store product visibility and reinforcing our cooking oil and margarine brands. BOARD CHANGES AND ACKNOWLEDGEMENTS In 2023, the Nominating Committee (NC) noted that all the Independent Directors had each served on the Board for more than nine years. Taking into consideration the SGX ruling regarding Independent Directors who have served for more than nine years, Mr Hendra Susanto relinquished his directorship during the last AGM in April 2023. Meanwhile, Messrs Edward Lee, Lim Hock San and Goh Kian Chee will be relinquishing their independent board appointments at the upcoming AGM in April 2024. The NC, in consultation with the controlling shareholder, will manage this closely to ensure a seamless leadership transition. As we approach this change, I want to extend my deepest gratitude to Edward, Hock San and Kian Chee for their invaluable contributions and insightful guidance throughout their tenure. Their efforts have been instrumental in shaping the strategic direction and success of the Company since our IPO. I am deeply grateful for their service and wish them the very best in their future endeavours. To ensure continuity, especially for the Audit and Risk Management Committee, Kian Chee will be nominated as a non-independent and non-executive Director. I would also like to express my appreciation to the Directors who will continue to serve with me on the IndoAgri Board. Their commitment and expertise will be invaluable as we navigate the future together. To my capable colleagues across Indonesia, Singapore and Brazil, a heartfelt thank you for your hard work and dedication. Last but not least, I would like to thank all our smallholders, business partners and customers for their unwavering trust and support. Your partnership and loyalty have inspired us to strive for excellence, and collectively, I am confident that we will take IndoAgri to greater heights. MARK JULIAN WAKEFORD Chief Executive Officer and Executive Director CEO’S MESSAGE Our cooking oil brand, Bimoli GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Indofood Agri Resources Ltd 10
RkJQdWJsaXNoZXIy NTkwNzg=