JB Foods : Annual Report 2021

TABLE OF CONTENTS

CORPORATE PROFILE ................................................ 02

OUR BUSINESS ............................................................ 03

OUR PRODUCTS ............................................................ 04

CHAIRMAN'S STATEMENT ........................................ 05

CEO'S STATEMENT ....................................................... 07

FINANCIAL HIGHLIGHTS ........................................ 09

OPERATIONS AND FINANCIAL REVIEW ............ 10

BOARD OF DIRECTORS .............................................. 12

EXECUTIVE OFFICERS ............................................... 14

SUSTAINABILITY REPORT ...................................... 15

CORPORATE INFORMATION .................................... 47

FINANCIAL CONTENTS ............................................. 48

CORPORATE PROFILE

Gresik, Indonesia,approximately30 km from the Surabaya port.

Singapore Exchange SecuritiesTrading Limited

since 2012.

JB FOODS LIMITED ANNUAL REPORT 2021

OUR BUSINESS

PRINCIPAL BUSINESS

INDONESIA

JB Foods Limited's core business is in the production and sale of cocoa ingredient products, namely cocoa mass, cocoa butter and cocoa powder.

Over the years, through its strong focus on product quality and development, the Group has honed its capability to develop and customise cocoa ingredient products to meet the varying and exacting requirements of globally diversified customers.

In 2014, the Group exercised its call option to acquire an 80% equity interest in PT Jebe Koko, a cocoa bean processing facility. This facility is located in the Maspion Industrial Estate in Gresik, Indonesia, approximately 30 km from the Surabaya port, and focuses on processing raw cocoa beans sourced domestically in Indonesia.

AWARDS AND CERTIFICATIONS AWARDS

Complying with the highest standards of food safety, the Group ensures that its quality products consistently meet or exceed its customers' expectations. With its technical know-how, product expertise and proprietary blending methods, the Group has gained widespread recognition from its global customers.

• • Certification of Excellence, Industry Excellence Award for the consumer product sector 2007/2008

• • Malaysian Commodities Industry Award 2011 for Best Processing Plant

• • Best Cocoa Grinder Award 2012

CERTIFICATIONS

• • Halal Certificate

  The Group's products are sold primarily under the "JB COCOA" brand name to a worldwide customer base ranging from international trade houses to end users such as food and beverage and confectionery manufacturers.

• • Kosher Certificate

• • HACCP Certificate

• • UTZ chain of custody standard/Rainforest Alliance

• • FSSC 22000

PRODUCTION FACILITIES

MALAYSIA

The Group's first cocoa processing facility is located in the Port of Tanjung Pelepas, a strategic logistics hub within a free trade zone in Johor, Malaysia. This has enabled the Group to significantly reduce land logistics costs, as well as delivery time, while closely monitoring the shipment of its containers.

MALAYSIA

120,000 MT

COCOA BEANS EQUIVALENT

PER YEARINDONESIA

60,000 MT

COCOA BEANS EQUIVALENT

PER YEAR

COCOA MASS

We offer various cocoa mass, based on cocoa bean origins to meet customer requirements.

COCOA BUTTER

We produce natural and deodorised cocoa butter, which is used in the production of chocolates.

COCOA POWDER

We produce a wide range of cocoa powder of varying PH value, application and fat content, used to make cocoa beverages, as well as flavourings and coatings of food and beverage, and confectionary products.