Link: https://links.sgx.com/1.0.0/corporate-announcements/1O4I1I0MRJ9OCZD7/e29164be13ce395fe53dce0655770d3d9afb3e24364e6dd3132388954d8d46d6

Summary:

• China Kangda Food Company Limited reported an increased loss attributable to owners and a slight decrease in revenue and gross profit for the fiscal year 2024.
• The company's revenue is primarily generated from Processed foods, Chilled and frozen chicken and rabbit meat, with key geographical markets including PRC, Japan, and Europe.
• Strategic focus is placed on maintaining profitability by increasing investment in R&D, developing high value-added processed foods, and exploring new markets amidst a challenging operating environment.
• Significant leadership changes occurred with the appointment of a new Chairlady, Executive Director, and CEO, as well as several new Independent Non-Executive Directors.
• Despite acknowledging challenges from trade protectionism and global economic uncertainty, the company believes its focus on consumer staples will help limit potential impacts.