FIRST RESOURCES

ANNUAL REPORT 2021

CONTENTS

01

Corporate Profile

14

Operational Review

02

Our Presence

16

Financial Review

04

Business Flow Chart

18

Board of Directors

06

Operational Highlights

22

Corporate Information

08

Financial Highlights

23

Corporate Governance

10

Message to ShareholdersFinancial Statements

44

143

Statistics of Shareholding

CORPORATE

PROFILE

Established in 1992 and listed on the Singapore Exchange since 2007, First Resources is one of the leading palm oil producers in the region, managing over 200,000 hectares of oil palm plantations across the Riau, East Kalimantan and

West Kalimantan provinces of Indonesia.

Our core business activities include cultivating oil palms, harvesting the fresh fruit bunches ("FFB") and milling them into crude palm oil ("CPO") and palm kernel ("PK"). In addition to plantations and palm oil mills, the Group through its refinery, fractionation, biodiesel and kernel crushing plants, processes its CPO and PK into higher value palm based products such as biodiesel, refined, bleached and deodorised ("RBD") olein, RBD stearin, palm kernel oil and palm kernel expeller. is enables the Group to extract maximum value out of our upstream plantation assets. Our products are sold to both local and international markets.

First Resources is committed to the production of sustainable palm oil.

Our sustainability strategy is centred upon maximising output while minimising adverse environmental and social impact from our operations.

We will constantly strengthen our sustainability framework through regular benchmarking against industry standards and best practices.

FIRST RESOURCES LIMITED

OUR PRESENCE

REFINING & BIODIESEL combined capacity of

850,000

tonnes per annumKERNEL CRUSHING combined capacity of

375,000

tonnes per annum

PEKANBARU

Regional Office

212,208

18

6,321

hectares of

Palm oil

hectares of

oil palm plantations

mills

rubber plantations

SINGAPORE

Corporate Office

JAKARTA

Corporate Office

Refinery & Processing Plant

Oil Palm PlantationOil Palm Plantation with Mill

Oil Palm Plantation with Mill & Kernel Crushing Plant

Rubber Plantation

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Disclaimer

First Resources Limited published this content on 06 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 April 2022 23:21:02 UTC.