Ann: Results of Meeting, page-9

When I look at those plant-based food stocks and diary stocks, most of which don't own any physical assets or upper supply chain, and run much thinner gross margin, and have no market advantage, and a loss of course but valued at 30, 40, 50m cap ... I can see how much FRM has been undervalued.

As to inflation, at least you can identify wheat as the cost factor, could you tell the sources/raw materials of plant-based food?

secondly, when I go to the supermarket, I can see even tissue box has had around 20-30% price hike, coke had maybe 10-15% price hike, I think price adjustment for egg industry is around the corner if not already happened.