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Singapore – Food Empire Holdings Limited (“Food Empire”, together with its subsidiaries, the “Group”), is pleased to announce that its 2021 Annual Report, themed “Building Resilience & Trust”, has achieved one Gold award, one Silver award, one Bronze award, and one Honours award under the “Beverage & Food Manufacturer” classification at the annual International Annual Report Competition (ARC) Awards.
The International ARC Awards is the world’s largest competition honouring excellence in annual reports. Established by MerComm Inc in 1987, the award has been touted as the “Academy Awards of Annual Reports”. As a highly respected and globally recognised competition, it seeks to recognise and honour organisations which have displayed the highest level of creativity, clarity, effectiveness and innovation in their annual reports. The submissions are assessed by an international panel of judges consisting of leading practitioners in the fields of investor relations, writing, design and photography. Annual reports
are judged on the basis of several elements, which include cover design, president’s letter, interior design, clarity of written text, presentation of corporate information, expression of financial data, and how well the spirit of the organization is communicated.
Building on its strong showing in last year’s version of the competition, the Group improved on its performance to clinch awards in four different categories, up from three categories. The Group was awarded Gold for the category of ‘Traditional Annual Report’, putting it in contention for the Best of Category Grand Awards. In addition, it was awarded Silver for ‘Interior Design’, Bronze for ‘Printing & Production’, and Honours for ‘Illustrations’. These awards serve as a recognition of Food Empire’s commitment towards ensuring effective and clear communication with its investors and stakeholders by utilising innovative and creative strategies in the annual report.
The theme of Food Empire’s 2021 Annual Report, “Building Resilience & Trust”, aimed to reflect the goals and performance of the Group for 2021. While the pandemic entered its second year with its effects continuing to persist and impact business perations globally, the Group managed to overcome the challenges to achieve another strong performance financially.
Commenting on the win, the Group’s Executive Chairman, Mr Tan Wang Cheow, said, “We are pleased to be recognised and awarded in this competition which showcases our commitment to ensuring effective and transparent communication with all our stakeholders. Recognising annual reports as one of the integral communication tools, we see the importance of conveying our messages and strategies creatively and effectively through them. The interests of our stakeholders have always been our priority and this achievement is testament to our efforts. We will continue to build on this achievement and continue to further improve on our corporate communication practices to ensure accountability and transparency with our shareholders.”