Ann: 2022 Annual Report, page-4

Some interesting comments in the Annual Report.

"Energy security remains a dominant theme, viewed against the backdrop of current geopolitical uncertainty and Europe’s power situation last winter. We believe that any company able to lock in power costs to produce a basic commodity efficiently and cleanly will be creating value, and OM Sarawak is in a unique position to do so."

"The cash generated from our operations was largely used to finance our acquisition of the remaining 25% of OM Sarawak from our former joint venture partner in December 2022 for US$120 million. We are pleased to have completed the acquisition and remain confident that this will allow us to focus growing organically at OM Sarawak through further investments in our final expansion phase. Besides the acquisition, we also repaid US$26 million to project finance lenders as part of our objective to continue lowering our gearing ratio."