CHAIRMANS STATEMENT

RESULTS/PERFORMANCE

Revenue grew by 17 per cent or RM 41 Million for the year under review to RM 285 Million. The increase in revenue was attribute to higher sales from both domestic and export markets in terms of better selling prices and higher volume. Increased revenue managed to offset higher input costs in the year and together with gain from liquidation of associated company, resulted in increase in Net Profit to RM 24 Million, compared to RM 19 Million in the previous year. During the year, we improved the effectiveness of our communication to the market through promotional events and activities, resulting in better interaction with the consumers during TUMIX events and Soup Bar activities. As part of our inherent value system, we organized a number of Corporate Responsibilities (CR) activities through our Smile Earth campaign which is part of the Ajinomoto Groups Global Citizenship Activities. Events such as Eco Action (activities to reduce the environment impacts in our daily lives),Mottainai campaign (donated unutilized belongings to the under privileged) and Global Clean Up Day (involvement of our staff in addition, the program to improve the health and nutrition status of the Orang Asli (the indigenous peoples) is still in progress with collaboration from a local university.

Comments : The statement is proportional with FRS 101 : Presentation of Financial Statement ( revised). It is the same with the report in Statement of Comprehensive Income. Revenue grew 17% or RM 41 Million for the year under review to RM 285 Million, which is the same as stated by the chairman. Statement of changes in equity will include only details of transactions with owners. All non-owner changes in equity are presented as a single line labeled as total comprehensive income.

PROSPECT

The domestic economic environment is improving, against a backdrop of high fuel prices and increasing raw material costs, coupled with stronger foreign exchange rate causing further competition. Under such challenging business environment we will continue to promote our consumer products with emphasis on the Eat Well, Live Well concept. Our activities are not limited to the domestic market but also greater emphasis was placed to further develop our presence in Asia and Middle East countries.

Comments : The statement is follow under FRS 101. The activities are not limited to domestic market but also greater emphasis was placed to further development of the company presence in Asia and Middle East country. As for the comprehensive income, it is include all items of income and expense recognized in income statement, together with all other items of recognized income and expense, either in one single statement or two linked statement.

DIVIDENDS

In view of our performance in 2009, the Board of Directors recommends a first and final dividend of 9 sen per share less tax and 9 sen tax exempt per share. The above dividends are subject to shareholders approval.

Comments : The statement is follow under FRS 101. The statement of changes in equity will now include only details of transactions with owners, as the revised FRS 101 separates owner and non owner changes in equity. Dividend is in the category of non owner changes in equity.

APRECIATION

Since the last Annual General Meeting, Mr. Gew Ah Lek has retired from the Company and resigned from the Board. Dato Hj. Shaharuddin bin Hj. Haron and Dr.Goh Chin Siew are not seeking for re-election as Directors of the Company at the forthcoming AGM. The Board wishes to record its appreciation to them for their invaluable contributions and guidance to the Company. On behalf of the Board, I would also like to express my deepest appreciation to the management and staff for their relentless dedication, commitment and contributions, to our suppliers for their commitment to deliver services and goods meeting our standards, and to our distributors and customers for their continued support and loyalty to our brands and to the Company. I also wish to put on record my sincere gratitude to my fellow Directors for their counsel and support.

Comments : The statement is not follow FRS 101. A statement of financial position is required at the beginning of the earliest comparative period following a change in accounting policy, the correction of an error or the reclassification of items in the financial statements. The error here that need to be corrected is when Mr. Gew Ah Lek retired from the company and resigned from the Board. This error will effect the dividend per share and Earnings Per Share attributable to equity holders of the company.