Heritage Foods Limited

Relevant. Resilient. Responsive. The year in review was another turbulent and volatile one for the economy and industry. Despite a challenging environment, we anchored ourselves to our purpose and values, and remained deeply focused on anticipating change in consumer trends, and on our purpose of nourishing them in a safe and sustainable manner. Through our sustainable and scalable business model, we continue to leverage our strategic positioning and competitive market advantages. With this, we laid the foundation that will balance sustainable growth and create long-term value for all stakeholders on a social and environment basis. As health and wellness trends continue to drive consumer choices, increasing the demand for active nutrition, we launched RELEVANT , di ff erentiated and value-added products. We focused on products that are right for our consumers and for the planet – products that enhance immunity and deliver taste and nutrition to our consumers every day. Understanding and anticipating changes in consumer trends is our core value and central to our strategy. We remained RESPONSIVE to rapidly- evolving consumer preferences and maintained a clear focus on nourishing and delighting our consumers. We delivered compelling consumer propositions by satiating their needs for healthier and nutritious foods. We also demonstrated our RESILIENCE and ability to consistently respond to consumer needs. By di ff erentiating our business su ffi ciently, we navigated the industry opportunities and challenges. What also added to our resilience is our unique portfolio, deep industry expertize, distinctive capabilities and footprint, sustainable supply chains and operational excellence.