ANNUAL REPORT 2024

Dear Shareholders, The year 2024 presented a complex global landscape, marked by persistent geopolitical tensions, shifting trade policies, and economic uncertainties. Notably, the reintroduction of protectionist measures by the U.S. administration, including increased tariffs on Chinese imports, has had a cascading effect on global trade dynamics, indirectly ....

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…