Business summary

Permaculture mainly produces and sells egg products in Singapore. The Group's egg products include fresh eggs and processed egg products. The Group operates its own egg production farm in Singapore, and also purchases fresh eggs from independent third party suppliers and sells fresh eggs produced in-house under the name “An An N&N”. The Group has established a diverse customer base for egg products, mainly including supermarkets and minimarkets, food and beverage stores and restaurants, wholesalers and retailers, and online sales platforms. Furthermore, the Group is currently one of only three egg breeding farms that have obtained permission from the Agriculture, Food and Veterinary Bureau to produce fresh eggs in Singapore, and in 2017, it accounted for about 20.7% of the local egg production market in Singapore in terms of revenue.

Competitive advantage

The Group provides a variety of egg products, so that the Group can open up more potential customer groups in the egg market

The Group has all the key production facilities and does not rely on any subcontracting arrangements

The Group has established long-term business relationships with major clients

Risk Factors

The group's operations face the risk of various poultry-related diseases and infections

The group faces the risk of food infection and spoilage, and the group may face product liability claims due to egg products

The group's business may be affected by the revocation or non-renewal of the license

Use of proceeds

Approximately 90% is used to expand the egg production capacity of existing production bases

Approximately 10% is used as general working capital