REFLECTIONS FROM THE TOP SEC 3 22 DEAR STAKEHOLDERS, In sharing my perspective on FGV’s performance for 2023, it is essential that we frame it within our broader role in economic and social development. As one of the world’s largest producers of CPO, we account for about 3% of global and 14% of Malaysia’s total annual CPO production. We operate globally in seven countries, managing extensive landbank and numerous palm oil mills, with a diversified portfolio from Plantation, Oils and Fats, Sugar, Logistics and Support, Consumer Products as well as Integrated Farming, making FGV a significant player in the global agribusiness sector. Our business is anchored on the concept of linked prosperity, reflecting our belief in agribusiness as a catalyst for progressive social change by supporting the FELDA settlers and independent smallholders. This support contributes to rural economic development and sustains the livelihoods of many families. We also play a role in national food security by committing to providing quality and affordable food options through our various brands of consumer goods. Evaluating our commodity-based company requires a long-term perspective. This approach is vital to understanding the impact of our operations on financial returns, sustainability efforts, social obligations and stakeholder expectations over time. Considering the challenges and opportunities we faced this past year, taking a long-term view is even more important to see the big picture ahead. In facing these varied circumstances, I am pleased to report that the Group has demonstrated tenacity and adaptability. Our response to these situations has been in line with the strategic direction set in our Business Plan. GROUP CHIEF EXECUTIVE OFFICER’S REVIEW FGV executed its strategic actions based on its Business Plan for the year under review. This plan serves as a roadmap, emphasising the importance of sustainability in our approach towards improvement and operational effectiveness. Our business strategy, supported by the team’s effort, has enabled us to address various challenges in a complex and dynamic business environment as we continue to strive for sustainable progress. Dato’ Mohd Nazrul Izam Mansor Group Chief Executive Officer
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