RESILIENT

STRENGTH

GROWTH

ANNUAL REPORT 2O21

ST Group Food Industries Holdings Limited

An F&B group with diversified portfolio of internationally popular brands

02 CORPORATE PROFILE

04 OUR BRAND PORTFOLIO

06 OUR NETWORK

07 KEY MILESTONES & AWARDS

08 FINANCIAL HIGHLIGHTS

10 MESSAGE FROM

OUR CHAIRMAN & CEO

13 BOARD OF DIRECTORS

15 KEY MANAGEMENT

17 CORPORATE INFORMATION

01

TABLE OF

CONTENTS

18 REPORT ON CORPORATE GOVERNANCE

47 ADDITIONAL INFORMATION

Required Pursuant To Rule 720(5) of The Listing Manual Section B: Rules of Catalist of The Singapore Exchange Securities Trading Limited on Directors Seeking for Re-Election

51 DIRECTORS' STATEMENT

55 INDEPENDENT AUDITOR'S REPORT

60 FINANCIAL STATEMENTS

141 SHAREHOLDING STATISTICS

145 NOTICE OF ANNUAL GENERAL MEETING

PROXY FORM

ANNUAL REPORT 2021

02 CORPORATE

PROFILE

Founded in 2011, ST Group Food Industries Holdings Limited (the "Company", and together with its subsidiaries, "ST Group" or the "Group"), an established food and beverage ("F&B") group headquartered in Australia, was listed on the Singapore Exchange on 3 July 2019. ST Group holds the exclusive franchise and licence rights to a diversified portfolio of six internationally popular brands - "PappaRich", "NeNe Chicken", "Gong Cha", "Hokkaido Baked Cheese Tart", "IPPUDO" and "iDarts" - in various territories, as well as two of its own brand concepts, "PAFU" and "KURIMU". The Group is also a franchisee of the "Go Noodle House" brand.

ST Group operates in the key geographical markets of Australia, New Zealand, Malaysia and England, the United Kingdom, through four main business segments - F&B Retail, Franchise, Supply Chain and receipt of machine income from electronic dart machines installed at sub-franchised "iDarts" outlets.

The Group's F&B Retail segment comprises Group-owned outlets of restaurants and kiosks, while the Franchise segment comprises sub-franchised and sub-licensed outlets. F&B operations, including outlets under the Franchise segment in Australia and New Zealand, are supported by the Group's Central Kitchen in Melbourne, Australia, under the Supply Chain segment. Between 2012 and 2021, the Group added more than 130 outlets across Australia, New Zealand, Malaysia and England, the United Kingdom.

As at 21 September 2021, ST Group had a network of 133 outlets comprising 49 Group-owned outlets and 84 outlets owned by its sub-franchisees and sub-licensees across its key geographical markets.

ST GROUP FOOD INDUSTRIES HOLDINGS LIMITED

COMPETITIVE 03

STRENGTHS

An entrepreneurial and

An established franchisee

Established track record

dedicated management

system and good working

and strong network of

team with established track

relationships with

sub-franchisees and sub-

record.

landlords.

licencees.

Able to identify new trends

Our Central Kitchen

and adapt to changing

enables us to maintain

consumer preferences to

high standard of food

grow a diversified portfolio

consistency and quality,

of brands.

lower operating and

labour costs.

AT A GLANCE

6

2

1

EXCLUSIVE FRANCHISE

OWN DEVELOPED

HACCP & ISO CERTIFIED

& LICENSED BRANDS

BRAND CONCEPTS

CENTRAL KITCHEN

133

4

49

84

TOTAL NETWORK

COUNTRIES

COMPANY OWNED

SUB-FRANCHISED &

OUTLETS

OUTLETS

SUB-LICENSED

OUTLETS

As at 21 September 2021

ANNUAL REPORT 2021

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ST Group Food Industries Holdings Ltd, published this content on 15 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2021 11:29:06 UTC.