Page 5 - ar2012.pdf

that the China market offers immense potential for the Group
to expand its market share in the mid to long term future. In
particular, capital investment in frozen food storage is set to
increase as food safety issues and significant food wastage
continue to plague many supermarkets and cold chains even
as they seek to expand their capacity. More customers are
realising the importance of using effective space and energy
saving refrigeration solutions such as those in our “Eden”
range. Beyond the frozen food storage market in the PRC, we
also expect greater interest from shipping, manufacturing and
power generation companies where cooling and temperature
control solutions are required.
Going forward, we plan to be more aggressive in marketing
and promotional efforts, especially in extending the awareness
of the “Eden” brand to newer markets and intend to work
more closely with our customers who are expecting to launch
their projects in the near term. The Group will also enhance its
overall efficiency by controlling expenses and creating strategic
synergies among the sales teams within the organisation. The
Group’s focus will continue to be on expanding our product
range, improving the efficiency of our refrigeration solutions and
tapping into new markets in the region with growth potential.
APPRECIATION
The Board is pleased to propose a final dividend payment
of 0.54 Singapore cents per ordinary share or approximately
101.6% of our total net profit attributable to Shareholders in
respect of FY2012 with you, our shareholders, to be approved
at the forthcoming annual general meeting.
Loh Mun Yew
Chief Executive Officer & Executive Director
3 '"3 &"45 (3061 -*.*5&% t "//6"- 3&1035