Brand strengthening of old market. Maintain the primary "coffee chain"

Professional barista communication, please pay attention to coffee workshop (Weixin Official Accounts cafe_style)

OLDTOWN Event: Shareholders Meeting Date: Thursday, September 7 Time: 10:30 a.m. Venue: M Root Hotel Ipoh

● Business focus:

The development strategy of Old Town (OLD TOWN,5201, Main Board Trade Services Group) focuses on strengthening the brand and business growth, maintaining the "Old Town" as the leading "Coffee Chain" in Malaysia and regional markets.

The expansion of its international footprint in addition to regional markets will help boost royalty income and help sustain the Group's food and beverage business.

The expansion of the Group's business into China and exploration of the Indochina market, which is a key growth market in the medium term, includes opening a showroom in Hong Kong, re-entering the China market, and signing agreements to develop Myanmar and Fujian Province in China.

However, in the domestic market, the Group was unable to achieve expected results in the first two quarters, with weak consumer fundamentals and the closure of some showrooms being the main headwinds.

● Summary of annual report:

For the financial year ended, the Group recorded a turnover of RM425.2 million, up 8.1%, and net profit of RM60 million, up RM7.7 million or 14.7%.

FMCG segment growth, strengthening legacy street brands, transforming product portfolio, expanding online and offline distribution stores.

Despite tough market competition, the Group's beverage production group continued to grow strongly, both in turnover and net profit, and achieved double-digit growth, with online sales driving results in the FMCG segment.

In the domestic market, Old Street White Coffee remained the No. 1 brand in Malaysia White Coffee market, however, the local market remained weak, with the economic situation and low consumer confidence in the second half of 2016 being the main adverse factors.

The Group produces beverages in a highly competitive market, globally, regionally and locally, where the Group promotes its products.

Brand positioning and product quality, helping to establish market position in Malaysia, Singapore and Hong Kong, while maintaining the company's market positioning, focusing on product quality, further understanding consumer perceptions, introducing new products and innovative solutions to meet consumer needs.

Old Street (OLDTOWN,5201, Main Board Trade Service Section)

Event: Shareholders 'Meeting

Date: September 7 (Thursday)

Time: 10: 30am

Location: M Root Hotel Ipoh