Ann: FY2023 Net Profit After Tax US$18.2 Million & App 4E, page-15

Thank you for reaching out to us.

Obtaining financing is not a problem, given our decade-strong relationship with banks. Management is however, constantly reviewing the optimal capital structure for the Group, considering market conditions (especially on the high interest levels currently) and cyclicality of the business, to allow more flexibility for future organic expansion. These amongst other factors, are further assessed against the risk tolerance of the Group.

We’re still committed to our furnace expansion plan, but with the flexibility to decide on the ultimate product mix to avoid exposure on single commodity price risk. It is also within our plan to synchronize inventory against production output within the next 5 years. The 5-year tax break will be beneficial regardless of our expansion plans (which may happen beyond 2026, depending on various circumstances).

We hope the above helps.

Once again, we thank you for being our shareholder, and for the valuable recommendations and feedback given.

Ir is responsive. This is their response. There r no financing issues btw.