Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 17 CHAIRMAN’S MESSAGE (CONT’D) The enhancements in our capabilities, specifically the Large Vertical Lathe Machine and Cold Metal Transfer Welding Machine, have empowered us to undertake larger-scale projects concurrently. This has allowed us to meet deadlines and uphold the stringent quality standards demanded by our customers. Our focus will be in the power generation industry as we believe significant grow area for us to remain the same as the Philippines’ Government aims for energy self-sufficiency. Moving forward, we will continue to enhance our competency through comprehensive training initiatives and strategic partnerships with industry and technology experts. These efforts are integral to our goal of becoming recognised as experts in our field of services, ensuring that we deliver top-notch solutions and remain at the forefront of the industries we serve. OUTLOOK We believe there are many organic growth opportunities ahead of us, particularly in the semiconductor front end space. With that in mind, we will continue to explore the same to develop our core businesses and continue to take a pragmatic approach towards the development of our customers and partners. We will continue to take a long-term view of the industry and our business while making the most of our unique strengths. We believe that with our leading market position and the strategic actions we have taken over the years will allow us to benefit from the longer-term growth in the years ahead. We remain cautiously optimistic in our ability to deliver increasing shareholders return through underlying profit growth and sustainable dividend payment. APPRECIATION I would like to take this opportunity to thank our Board of Directors for its continuous guidance, strategic advice and steadfast support throughout the year. On behalf of the Board, I would like to welcome our new Independent Non-Executive Director, YM Raja Jastina Adlina Binti Raja Arshad who joined the Board in August of last year. We believe her broad set of skills and experience will be an asset to the Company and we look forward to working with her. I would also like to thank each and every one of my colleagues for their relentless dedication, sacrifices, and hard work during the year, without which none of this would be possible. I would like to thank our customers for their trust and confidence in us. I am also extremely grateful for their understanding, continued business and the opportunities to work with them. To our business associates, various ministries, government agencies and regulators of the countries where we operate in, we appreciate your support and trust that you have given to us. Lastly, I would like to thank all our loyal shareholders, for your ongoing support and trust in us. We will continue to do our very best in delivering the expected return to all of you.
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