Investor Relations

The scope of the business is classified into 2 principal parts, namely, the business in Thailand and the business in the Netherlands.

1. The Business in Thailand

The business in Thailand is an agro-industry business and a full-cycle duck meat based food production for distribution domestically and for export to 20 countries in 3 continents worldwide. The business in Thailand is a full-cycle food production process starting from the raising of the duck breeders, egg incubation, hatching; the distribution of meat duck chicks; the production and distribution of duck feed; the raising of the meat duck by the Company’s farms and the farms of the contract-party farmers in the contracted farm system; the butchering and production of frozen ready-to-cook processed duck meat and frozen cooked processed duck meat and the processed food ready-to-serve products including the by-products from duck butchering such as duck feathers. The company’s duck meat products are distributed under the trademark of “Bangkok Ranch”, “Dalee” and “Duck Delight” or under the trademark of other products as defined by the Company’s clients. Currently, the Company is one of the two largest producers of duck meat-based products in Thailand. The business in Thailand is operated by Bangkok Ranch Plc, which was founded in 1984 as a pioneer of duck business in Thailand and operates an agro-industry business and produces duck meat-based products. Moreover, the Company operates a business of meat duck farms owned by the Company (a commercial farm) under the name of BR Agriculture Co., Ltd.

Furthermore, there is yet a group of companies which supports the operation of the business in the form of providing service to the Company in exporting the goods from Thailand for distribution abroad via Anatis Foods Co., Ltd., which is the Regional Operating Headquarter; ROH. That is to say, it is a company founded under the Thai laws to provide support service to foreign affiliates operating abroad.

The affiliate serves as a regional operating office in such particular country which enjoys tax benefit. The earnings from providing of ROH pay 10% juristic person income tax. Moreover, there is Anatis Foods (Hong Kong) Limited providing service in handling the goods and products of the Company to be exported abroad such as to Europe in the same business as Anatis Foods (Singapore) Pte. Ltd., providing service in handing goods and products of the Company to be exported to various countries in Asia.

2. Business in the Netherlands

The business in the Netherlands is an agro-industry business and produces foods from duck meat for distribution in European continent and other neighboring regions such as in the Middle East and Russia. The business in the Netherlands contains the production process starting from raising breeder ducks by both the farms of the subsidiary companies and the farms belonging to contract farmers in the contracted agro-farm system. The hatchery of duck eggs, distribution of duck chick meat, and distribution of the duck feed; the raising of meat duck via the contracted agro-farm system; the butchery of meat duck and manufacture of chilled and frozen processed ready-to-cook duck meat-based products; processed cooked duck meat and processed ready-to-serve food products including by-products from butchery of ducks such as feather. The duck meat products of the subsidiary companies are distributed under the trademark: “Duck-To”, “Duck-To Smul”, “Canature” or under the trademark of other goods as defined by the customers of the subsidiary company. Currently, a group of subsidiary companies in the Netherlands is one of the largest producers of duck-based products industry in the Netherlands.

The business in the Netherlands is operated by a group of the subsidiary companies registered in the Netherlands, namely, Duck-To Farm B.V. It operates a business of manufacturing processed cooked duck meat products and processed ready-to-serve food products including processed cooked meat products such as of pork or chicken. Furthermore, there is Tomassen Transport B.V., operating a business of transport of goods; Canature B.V., which operates a distribution of goods business (but the two companies have not yet begun the business yet and they are a dormant company) and Veluwse Pluimvee Keuring B.V., it operates a business of inspection of the poultry slaughterhouse in the Netherlands. A group of subsidiary companies in the Netherlands has a network of distribution of the goods that supports the Company and a majority of customers is Chinese restaurants in Europe, the Middle East and Singapore including leading whole-sale and retail customers in Europe. Moreover, Duck-To Holding B.V., is one of the group which supports the business operation by providing service to the Company in exporting goods from Thailand for distribution in European countries.