ANNUAL REPORT 2023

Dear Shareholders, 2023 turned out to be a “challenging year” as tensions between the US and PRC remain, the war in Ukraine is at a stalemate with no immediate resolution in sight and the Israel- Hamas conflict has led to geopolitical uncertainties. These events continue to weigh on the global economy. Although Singapore economy avoided a recession in 2023, the GDP merely grew ...

ANNUAL REPORT 2022

Dear Shareholders, On behalf of the Board of Directors, I am pleased to share the results of AnnAik Limited and its subsidiaries (“AnnAik/the Group”) for the financial year ended 31 December 2022 (“FY 2022”). I am glad that we have delivered another set of remarkable scorecards despite continued challenges from COVID-19 (Coronavirus Disease 2019) in…

ANNUAL REPORT 2021

Dear Shareholders, Persevering through the challenges in the second year of COVID-19 (Coronavirus Disease 2019) pandemic, AnnAik has grown stronger in all business divisions and delivered a remarkable profit in FY2021. Our previous strategy of “Sustaining Steel Business and Growing Environmental Business” has paid-off well as distribution and manufacturing....