Food Empire Clinches Two Gold Awards At The International Annual Report Competition (ARC) Awards

    Singapore – Food Empire Holdings Limited (“Food Empire”, together with its subsidiaries, the “Group”),
    is pleased to announce that its 2020 Annual Report, themed “Strengthening Connections”, has achieved
    two Gold awards and one Silver 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, it is a highly respected and globally recognised competition,
    providing a platform for the highest standards in the annual report industry. The Awards were created
    to honour overall excellence in annual reports, and to encourage noteworthy and vital writing, as well as
    imaginative and original design. Annual reports are judged on the basis of several elements, including
    presentation of corporate information, expression of financial data, how well the spirit of the
    organisation is communicated, clarity of written text and effectiveness of design.

    The Group clinched the Gold awards for Cover Photo/Design and Design/Graphics along with a Silver
    award for PDF Version of Annual Report. The Group is currently a contender for the Grand Award in the
    two respective Gold awards categories. These awards serve as a recognition of Food Empire’s consistent
    efforts towards excellence in annual reporting, along with upholding transparent and effective
    communications with its investors and stakeholders.

    Food Empire’s 2020 Annual Report was built upon the concept of the Group’s pursuit in pivoting to the
    evolving landscape brought about by the outbreak of the Covid-19 pandemic in early 2020. With movement restrictions being implemented globally, maintaining and fostering connections shifted
    online. As such, technology was used as a major theme in the design, as evidenced by the cover page
    featuring a virtual call with individuals from all around the world. In addition, the introduction of local
    safe entry symbols, emojis, coupled with various graphics of iPads and Zoom calls could also be found
    throughout the report. The Group believes that this highlights its agility to adapt to changes and its
    ability to leverage on technology during these uncertain times.

    Commenting on the win, Mr. Tan Wang Cheow, Executive Chairman of Food Empire said, “We recognise
    the value of annual reports both as a communications tool with stakeholders and as a showpiece for our
    corporate and product brands. We place transparency, accountability, integrity, and disclosure at the
    forefront of our operations and believe that this is translated through our creative work. Our
    achievement of such a global recognition at the ARC awards represents the strongest validation of our
    consistently high international standards, not limited to products and services, but also for our
    corporate communications practices.”