Ann: AGM Chairman's Address, page-11

@ywtoh agreed.
RI has definitely found directors that have deep experience in the water industry, building up/ turning around businesses (esp. in North/America). (IMO the best management team since I've been a SH).
That said, RI's flop/ flop between focusing on Global market, then China, to now N/America, has been frustrating to witness, along with +50% decline in SP.
Originally, I thought that IC would be the turnaround for FLC, but IMO it has put us back 3-4yrs, from our SPS/ decentralized/ (& now RR) focus, but I suppose it has kept FLC operational. Great if we won the O&M contract.
"Pursue tuck-in M&A". It does sound like they're preparing SH for more acquisitions/ Cap. raises in the future (maybe management are working on something now)

China's post Covid re-opening also disappointing, with good press announcements found by @jamesc666 ,but no new orders AFAIK.
Informative map, the majority of installations are SE Asia & South America.
Sihanoukville Cambodia installations with 3 WWTP for 260,000 people & not even mentioned in this AGM press release under the SUBRE section & with 842 plants installed globally - FLC should shouting this from the roof tops



Slide from Nov 2022 Investor Presentation