NOBASHI
NOBASHI VANNAMEI
RAW
HO CENTRAL PEELED BT
COOKED
COOKED PDTO VANNAMEI
PRE-FRIED SHRIMP
FRITTER VANNAMEI
VEGETABLES
GINGER
VEGETABLES
BÍ NHẬT
NOBASHI
NOBASHI VANNAMEI

VANNAMEI PROCESSING AND TECHNICAL CULTIVATION SEMINAR

hoithaothechantrang1 1Under the agreement of Soc Trang people’s committee and Soc Trang Fishery Service, SAOTA Foods Joint-stock Company (FIMEX VN) combined with CP group in Vietnam have hold a VANNAMEI PROCESSING AND TECHNICAL CULTIVATION SEMINAR at the conference room on 25 Feb 2008 with the total of 217 participants.

* Participants in conference :

- Representative of Soc Trang Fishery Service.

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For the beginning month activity

For Jan 2008, FMC have been processed 289 MT of finished products, consumed 385 MT, turnover 3.8 million USD. Processing output is low due to undermost stage of raw materials. However, consumption turnover increases of 2.8 million USD compared to the same period last year.

In this Feb, FMC will attend to International Seafood Exhibition in Boston – The U.S and Dubai in order to enhance relationship with available customers and look for new partners.

OPERATION OUTCOME IN YEAR 2007

Sao Ta Foods Joint Stock Company has finalized its business operation in year 2007 with export turnover as VND 1,000.00 billion, profit before tax as VND 27.70 billion, profit after tax as VND 27.50 billion. Basic dividend per share reaches VND 3,480.00 .

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FMC’S OPERATION OVERVIEW YEAR 2007

Past year 2007 with the rising of frozen processing seafood branches for export sharply. The two major products are Black Tiger Shrimp and pangasius hypophthalmus (Tra-fish). However, pangasius has been developed quickly, while Black Tiger Shrimp could not meet the expectation of managers as well as companies.

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FMC make ground-breaking ceremony build Agricultural Processing Factory for export

In the warm air morning of 02 Jan 2008, FMC start ground-breaking to build Agricultural Processing Factory for export in An Nghiep industrial park, Soc Trang province. Regarding co-participators, besides Board of Administrators and Directors, Mr. Ho Quang Cua - Soc Trang province’s Agricultural and Rural Development Department Director Deputy – is an assistance unit for FMC in experiment planting of Agricultural products during last time.

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THE COMPANY’S ACTIVITY SITUATION IN THE FIRST 10 MONTHS OF THE YEAR

In October, the Company’s business activity becomes much better. The consumption has stabilized though U.S market is in surplus of goods due to good harvest of shrimps in all over the world; Japanese market is controlling severely against imported foods.

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OVERCOME OBSTACLES

No good information from Japan in the first 6 months of the year repeatedly coming made many seafood producers and exporters unable to enjoy food and sleep well. Though a lot of effort and money were spent for inspecting raw material, shortcoming is still at 1.6% (ratio of Vietnamese seafood lots detected with residue of banned chemicals and antibiotics in Japan in the first 6 months of the year 2007). Japanese customers requested us to have more effective actions and right in the second quarter Japan has decreased considerably its purchasing quantity from Vietnam and changed to buy from other countries with more safety. FMC has controlled well its product quality in past 6 months and there was no its cargo detected with banned chemicals and antibiotics in Japan, but major customers here have decreased drastically their buying volumn that causes difficulty for FimexVN’s product consumption.

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CONTENTS OF ADMINISTRATION BOARD’S PERIODIC MEETING

On July 01st 2007, FMC’s Administration Board has hold the 3rd meeting of year 2007 with following contents:

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