Annual Report 2024/2025

Company Overview

About the Company 7

Our Product Range 8

Our Journey of 34 Years 10

Company Highlights

Performance Highlights 12

Year at a Glance 14

Achievements and Awards 17

MANAGEMENT DISCUSSION AND ANALYSIS

Chairman's Message 20

Managing Director's Message 22

Our Operating Environment 26

Our Focus on Sustainability

Sustainability for Growth 33

Disclosures of SLFRS S1 and S2 44

Strategy and Capitals

Our Value Creating Business Model 58

Stakeholder Engagement 60

Identifying Material Matters and Conducting

Materiality Assessments 64

Financial Capital 68

Manufactured Capital 76

Human Capital 83

Intellectual Capital 97

Social and Relationship Capital 107

20

Natural Capital 117

22

Chairman's Message

Message

Managing Director's

Organizational Structure 132

Our Framework and Approach to Better Governance 133

Board Leadership in Governance 136

Compliance Summary 146

Fostering an Ethical Organizational Culture 158

Shareholder Engagement 163

Integrated Risk Management 165

Board Sub Committee Reports

Audit Committee Report 175

Remuneration Committee Report 178

Related Party Transactions Review

Committee Report 180

Nominations and Governance Committee Report 182

Compliance Declaration

Annual Report of The Board of Directors on the

Affairs of the Company 184

The Statement of Directors' Responsibilities for

Financial Statements 189

Responsibility Statement of Managing Director/ CEO

and General Manager Finance 190

FINANCIAL STATEMENTS

Financial Calendar 192

Independent Auditor's Report 193

Statement of Profit or Loss and Other

Comprehensive Income 196

Statement of Financial Position 197

Statement of Changes In Equity 198

Statement of Cash Flows 199

Notes to the Financial Statements 200

SUPPLEMENTARY INFORMATION

At Convenience Foods, we strive for success in its highest form-not just in our business, but in the lives of our customers and their families. Over the past year, we have exceeded expectations, continuing to nourish households across the nation with wholesome, nutritious meals.

We believe that to truly thrive, we must do so together. That's why our commitment to operational excellence is rooted in delivering only the best to Sri Lankan consumers while integrating sustainability into everything we do.

As we embark on a new chapter of our legacy, we embrace an era of longevity, prosperity and security-for our Company, our people and the environment.

At CFL, we remain dedicated to flourishing, together.

VISION

"Total and complete nutrition to enhance the quality of life of future generations"

MISSION

"To achieve total consumer satisfaction by maintaining consistently superior quality products that are innovative and nutritious while penetrating new markets to maintain market leadership in a competitive environment"

"To create enriching moments of happiness for people, by being a caring global entity, with a true Sri Lankan identity"

Reporting Scope and Boundary

Our Integrated Annual Report is delivered through Company-wide collaboration and attempts to present a balanced and relevant articulation of the Company's performance and operations during 2024/25. This report includes content on current and future business contexts, combining Financial Reporting with Non-Financial Reporting elements covering Capitals, Sustainability, Risk Management and Corporate Governance. This report presents the progress made toward achieving our strategic priorities throughout the reporting year.

REPORTING LANDSCAPE & BOUNDARY

COMPANY ANNUAL REPORT

ABOUT US

Company Overview Company Highlights

MANAGEMENT DISCUSSION AND ANALYSIS

Our Focus on Sustainability

Strategy and Capitals

LEADERSHIP AND GOVERNANCE

Corporate Governance

Board Sub Committee

Reports

Compliance Declaration

SUPPLEMENTARY INFORMATION

Stakeholder

Engagement Data

FINANCIAL REPORTING

Independent Auditor's Report

Audited Financial Statements

Reporting Boundary: Covers all operations within the control of the Company during the year

QUALITATIVE CRITERIA IN ANNUAL REPORT

Convenience Foods (Lanka) PLC (CFL) adopts a 12-month annual reporting cycle and this year's report covers the period from 1st April 2024 to 31st March 2025. Any material events after this date and up to the Board approval date of 31st July 2025 have also been included in this report. Our previous report (An Unbreakable Bond) was for the year ended 31st March 2024 and released on the 15th August 2024.

PERIOD CONSIDERED UNDER THE SCOPE OF THE REPORT

This Integrated Annual Report covers the performance of the Company for the 12-month period ended 31st March 2025 and material events up to the approval of the report by the Company's Board of Directors on 31st July 2025.

OUR REPORTING LANDSCAPE

The official website of CFL continues to serve as a key platform for enhancing corporate communications with a wide range of stakeholders. It offers improved transparency, accessibility and a direct channel for engagement between the Company and its shareholders. Shareholders and other stakeholders can conveniently access the Annual Report and receive timely updates through the website.

We remain committed to leveraging digital tools to enrich the user experience and ensure stakeholders have seamless access to the latest corporate information throughout the year. QR code integrations between the website and the Annual Report continue to facilitate targeted content access, catering to the diverse needs of our stakeholders.

Visit us at https://www.conveniencefoodslanka.com for more information.

About Us

CFL Brands

Contact Us

ESG

Investor Relations

INTEGRATED THINKING AND REPORTING PROCESS OF THE COMPANY

We adopt integrated thinking, a holistic

approach to business management

and corporate reporting that connects financial and non-financial performance, to identify elements that could affect our ability to create value sustainably over the long-term. These factors nourish our strategy, with the goal of minimizing risks and leveraging emerging opportunities. The thinking is converted into a written document during our reporting process within the reporting standards, statutes and principles, outlined with information

integrity verification and quality assurance.

TARGETED AUDIENCE

The report is designed to meet the information needs of our shareholders, potential investors and covers interests of broader stakeholders of customers, employees, suppliers, business partners and communities, enabling them to make informed decisions about the

organization's growth, strength, stability and sustainability aspects. We have taken responsibility for providing

mandatory disclosures as well as voluntary information as may be deemed necessary and important by relevant regulatory and statutory bodies.

STRATEGIC DIRECTION

The Annual Report details the Company's current and future business strategies focused on achieving sustainable

growth, offering valuable insights for its

stakeholders.

NON-FINANCIAL INFORMATION

This report discloses non-financial information where relevant and appropriate.

COMPARATIVE INFORMATION

This report provides comparative data for the year ending 2023/24. Reclassifications and restatements have been conducted as needed to improve clarity in presentation and adhere to regulatory requirements.

CONNECTIVITY WITH FINANCIAL STATEMENTS

The non-financial information, where applicable, should be read in conjunction with the Company's financial statements prepared in accordance with Sri Lanka Accounting Standards.

DISCLOSURES UNDERLINED BY SLFRS S1 AND S2

The sustainability disclosures have been developed in the pathway towards

compliance with the SLFRS Sustainability Disclosure Standards issued by CA

Sri Lanka. In addition, the principles

of relevant disclosure topics from the Sustainability Accounting Standards Board (SASB) standards have been reviewed and integrated into the report.

INDEPENDENT ASSURANCE

Independent assurance of CFL's financial statements has been obtained from Messrs. Ernst & Young, the external auditors. The financial statements and independent auditor's report, which span from Pages 193-247, have been included.

REPORTING STANDARDS

The following mandatory and voluntary reporting frameworks and guidelines were used to prepare the report.

REPORTING FRAMEWORK

Integrated Reporting

Financial Reporting

Voluntary Reporting Frameworks and Guidelines

Mandatory Reporting Standards, Frameworks and Guidelines

• Sri Lanka Accounting Standards (SLFRSs/LKASs)

• Companies Act No. 07 of 2007 and amendments thereto

• Sri Lanka Accounting and Auditing Standards Act No. 15 of

1995

Corporate Governance Reporting

• Integrated Reporting Framework of the International Integrated Reporting Council (IIRC)

• 'Guidelines for Presentation of Annual Reports' issued by the Institute of Chartered Accountants of Sri Lanka

• Handbook on Integrated Corporate Reporting by the Institute

  of Chartered Accountants of Sri Lanka

  • Listing Rules of the Colombo Stock Exchange

  • Laws and Regulations of the Companies Act No. 7 of 2007

  • Securities and Exchange Commission of Sri Lanka Act No. 36 of

    1987 (as amended)

    Assurance

  • Sri Lanka Auditing Standards (SLAuSs)

  • Internal Auditing Framework of Institute of Internal Auditors

    Sustainability Reporting

  • GRI Standards - Revised 2021 issued by the Global

    Sustainability Standards Board (GSSB)

  • Sustainable Development Goals (SDGs)

  • United Nations Global Compact (UNGC)

  • Sri Lanka Sustainability Disclosure Standards S1 - General Requirements of Sustainability-Related Financial Information*

  • Sri Lanka Sustainability Disclosure Standards S2 - Climate

Related Disclosures*

* S1 and S2 standards will be mandatory for CFL from 2026/27.

Corporate Governance Reporting

• Code of Best Practice on Corporate Governance 2023 issued

by CA Sri Lanka

MATERIALITY

We followed a structured approach to identify key material matters that are essential to our reporting disclosures. This approach incorporates financial and non-financial material matters, which addresses issues that influence our ability to create and sustain value and impact materiality, which are financially relevant to the stakeholders, as per management's judgement and which reflects the effects of our operations on the environment, communities and broader society over the short, medium and long term. Details of how we determine these material topics and align them with relevant reporting metrics are presented in the Material Matters Section on Pages 64-67.

IMPROVEMENTS TO THE REPORT

Content Improvements

• Enhanced and detailed notes to the financial statements

• Enhanced and detailed

  sustainability disclosures

• Enhanced and detailed nonfinancial disclosures including governance and risk management

• Disclosures related to SLFRS S1 and SLFRS S2 are detailed in a separate section

• Included SLFRS S1 and S2 disclosure index

User-Friendliness Improvements

• Improved accessibility through Company website

• Enhanced graphical presentation

  for user-friendly experience

• QR code linkage created between the Annual Report and the Company website

• Restructured content layout to provide a clear and comprehensive presentation of the Company's operating results

Transparency Improvements

• Presentation of statistical disclosures with comparative data for non-financials to improve credibility of the content

• Content improvements for greater visibility

• Disclosure of full GRI Index

• Disclosure of Index to Code

  of Best Practice on Corporate Governance 2023 issued by CA Sri Lanka

• Disclosure of sustainability metrics

DISCLAIMER

This report may contain forward-looking statements concerning the Company's future performance and outlook. Although these statements represent our anticipated future developments, it is important to recognize that various risks, uncertainties and significant factors could cause actual results to differ materially from our expectations.

BOARD RESPONSIBILITY

The Board takes responsibility and assures

FEEDBACK

We understand that integrated reporting is an ongoing learning process. Hence, we welcome your feedback and suggestions to improve our 2024/25 Annual Report along with any queries and clarifications.

Please contact:

S. K. I. Sameera Senarathne

General Manager - Finance

Convenience Foods (Lanka) PLC, No. 133, 7th Lane,

Off Borupana Road, Kandawala, Ratmalana. Email: sameeras.cf@cbllk.com

you of the credibility of our Annual Report 2024/25. The Board also assures the report gives a fair and transparent account of material issues underlining the

sustainability of Convenience Foods (Lanka) PLC.

Signed for and on behalf of the Board:

R. S. A. Wickramasingha

Chairman

31st July 2025

NAVIGATION OF OUR ANNUAL REPORT

CAPITALS

Financial Manufactured Human Capital Capital Capital

Intellectual Capital

Social and Relationship Capital

Natural Capital

STAKEHOLDERS

Shareholders Employees Customers

Suppliers and Business Partners

Government Communities

and Regulatory

Bodies

HISTORY OF CFL

Convenience Foods (Lanka) PLC (CFL), a subsidiary of the CBL Group, was the pioneer to introduce Textured Soya Protein (TSP) to the Sri Lankan market under

the 'Lankasoy' brand and subsequently expanded its product range to include Cereals, Snacks, Salt, Coconut Milk and Spices. With over 100 Product Offerings/ SKUs CFL has a strong market presence, adhering

Certifications

• ISO 9001, 14001, 22000, 45001,

  50001

• GMP

• HACCP

• Sri Lanka Standards (SLS)

certification for soy food products

Brands

• Lankasoy

• Sera

• Tetos

• Nutriline

to global quality standards. The Company remains committed to innovation, sustainability and fostering a high-performance workplace.

Economic Contribution

Foundation

1991

CFL entered the Sri Lankan business arena and commenced operations,

named as Soy Foods (Private) Limited, a subsidiary of Forbes and Walker Limited

1

2

Listed on CSE

1992

CFL was listed on the

Colombo Stock Exchange

Acquired by CBL

2000

Ceylon Biscuits Limited (CBL) acquired the Company which was renamed as Soy Foods (Lanka) Limited

3

4

Acquired by CBL Investments Limited

2017

CBL Investments Limited purchased majority of the issued share capital of CFL from Ceylon Biscuits Limited, thereby transferring majority ownership of CFL to CBL Investments Limited

5

Changed the name to Convenience Foods

(Lanka) PLC

2008

Company changed the name to Convenience Foods (Lanka) PLC, to reflect its growth plans of diversification beyond soya-based foods, into the convenience foods

segment

Tax Contribution

Diversified Product Portfolio

Rs. 1,502.9Mn

Brands

4

Product Offerings

Over 100 SKUs

Ownership Structure

CBL

Investments Limited : 71.38%

Public : 28.62%

Registered Office

No. 555, High Level Road, Makumbura, Pannipitiya, Sri Lanka.

Principal Place of Business

No. 133, 7th Lane, Off Borupana Road, Kandawala, Ratmalana.

Web:

https://www.conveniencefoodslanka.com

As the pioneer in introducing soy nuggets to Sri Lankan consumers, Lankasoy has played a key role in developing and shaping the textured soya protein category. Over the years, the brand has revolutionized the market with a variety of flavors, innovative nugget shapes and unique product offerings.

Establishing itself as a trendsetter and an inspiration within the industry, Lankasoy offers a diverse range of products under its original range: Malusoy, Chickosoy, Vegesoy, Meatysoy, Minced Mix and novel creations such as Kiri Malu, Polos, Miris Malu, Jumbo Pack, Mango Curry and more.

With its extensive product portfolio, rich taste profiles and continuous innovation, Lankasoy has earned its position as the market leader, winning the hearts of consumers. Our commitment to excellence is reflected in both local and international accreditations, including ISO 22000, HACCP, SLS, ISO 9001, ISO 14001 and GMP certifications, alongside annual audits to ensure the highest quality standards.

Sera, the gastronomic brand under CFL, has swiftly become a trusted household name in Sri Lanka. In response to the fast-paced lifestyles, Sera offers an exceptional range of high quality and convenient food products designed to simplify one's culinary experience. With an unwavering commitment to quality, Sera aspires to be the ultimate kitchen partner for the modern homemaker, making everyday cooking memorable without compromising on its goodness and quality.

To meet the demands of modern, fast-paced lifestyles, Sera offers innovative and dependable solutions that reflect our commitment to high quality and the trusted legacy of the CBL Group spanning over 50 years. With a vision to become the aspirational kitchen partner for the convenience-seeking homemaker, Sera continually expands its portfolio to include new categories, addressing continuously evolving consumer needs. Today, the Sera portfolio within CFL includes cooking aids such as Spices, Coconut Milk and Salt, as well as meal solutions of Soups, providing a comprehensive array of options for families.

Nutriline is a dynamic and progressive nutrition brand under CFL, enjoyed as a wholesome breakfast option catering to both children and

teenagers alike.

Enriched with multi-grains for balanced nutrition, Nutriline offers a delicious and affordable breakfast solution, ensuring a healthy start to the day. Every pack of Nutriline is created using locally produced grains and manufactured in a facility that adheres to stringent quality standards.

Designed to appeal to mothers seeking nutritious meal options and loved by children for their taste, Nutriline continues to make mornings

convenient and healthy.

Tetos continues to excite young snack lovers with bold flavors and an irresistible crunch. Rooted in a rich potato experience and crafted to the highest quality standards, Tetos is the go-to snack for fun moments, whether it's movie watching, get togethers, sharing with friends or simply satisfying a craving. Tetos brings even more unforgettable moments with exciting flavors and more crunch.

CFL has a history spanning more than three decades. We have continued to grow and innovate, capitalizing on our expertise in textured soy products, other food product categories and our commitment to quality, consumer satisfaction and sustainability.

2003/04

2007/08

1990/91

Commencing operations of Textured Soya Protein (TSP) under

the name Soy Foods (Private) Limited

2001/02

Introduction of new shapes and authentic flavours to revolutionize the slow-moving soya meat in the marketplace

The Company expanded its operations with the introduction of modern technology to the factory by investing in new machinery

Won SLIM 'Brand Excellence' award and 'Productivity

and Quality' award from the National Productivity Secretariat (NPS)

1991/92

Company listed under Colombo Stock Exchange (CSE)

2000/01

2000/01 - Ceylon Biscuits Limited (CBL) acquired controlling stake in the Company and applies its expertise to change the perception of 'Soya Meat' in the market

2002/03

Lankasoy won awards at

the SLIM Brand Excellence

2006/07

• Introduced Lean

Manufacturing Practices

Awards and Sri Lanka Food • Certification of ISO 9001 for

Processors Association

• Gold Award -'Turnaround Brand of the Year'

• Silver Award -

  'Innovative Brand'

• Bronze Award -'Brand of the Year'

the new high-tech factory

• Won SLIM 'Brand Excellence' award and 'Productivity and Quality' award from the National Productivity Secretariat (NPS)

• Ownership transfer of CFL with majority shares to CBL Investments Limited

2016/17

2019/20

• Introduced refined and iodized

Sera Salt range

2017/18

Introduction of Sera Coconut

Milk

•

• Existing system upgraded to SAP HANA ERP system

• Recognized with Business Excellence Award for New Product Initiatives / Innovations at the Chairman's Awards organized for the first time by CBL Group

• Runners Up - Manufacturing Food & Beverages at the National Business Excellence Awards

• Sri Lanka's Best Brand Award at CMO Asia Brand Leadership Awards

  2018/19

• Gold Award - Quality and Productivity at National Convention conducted by Sri Lanka Association for Advancement of Quality & Productivity

• Gold Award for Lankasoy 'Kiri Malu' in the Best New Entrant category at SLIM Brand Excellence Awards

• CBL Group celebrated its 50th anniversary

  2020/21

• Recorded highest ever price of a single share of Rs. 1,999

  2021/22

• Introduced Sera Spices range with investment at state-of-the-art facility with modern technology in spice processing

• Silver Award - Manufacturing Companies (Turnover up to Rs. 5 Bn) 56th Annual Report Awards 2021 ICASL

• Won Gold Award at NCQP 2021 organized by the SLAAQP

• 3rd place of National Productivity

  Awards 2020

• SAP COPA Implementation

• COVID-19 Safety Management System

  Certification SLS 1672: 2020

  2008/09

  • Soy Foods (Lanka) PLC was transformed to Convenience Foods (Lanka) PLC as the Company expanded with a diverse range of food products

  • Won SLIM 'Brand Excellence' award and 'Productivity and Quality' award from the National Productivity Secretariat (NPS)

    2010/11

    Certified with ISO 22000,

    GMP and HACCP

    2011/12

    Bronze award and secured position among the Top 10 Awards of Extra-Large category

    at the CNCI Achievers awards

    Introduction of state-of-the-art machinery for production of variety of flavours and snack range

    Won the following at SLIM

    Brand Excellence Awards

  • Brand of the Year

  • Gold Award for 'Product

    Brand of the Year'

    
    
    

  • Local Brand of the Year

  • Gold Award 'Innovative

    Certified with SLS certification

    2009/10

    2012/13

    Brand of the Year'

    for Soy food products by making Lankasoy the first Soya food brand to qualify for the certification

    2014/15

    2013/14

  • Silver Quality Circle Award at the National Business Excellence Summit

  • Bronze Award - Brand of the Year at SLIM Brand Excellence Awards

  • Gold Award - Manufacturing Food and

    Beverages at National Business Excellence

    2015/16

• Introduction of

• Implementation of the SAP ERP system and HRIS platform

• Introduced Nutriline Cereal with

  three different varieties

  2023/24

  Awards

  Tetos Snack range

  • Certification of ISO 14001

    - Environment Management

    System

  • Gold Award - Manufacturing Food & Beverages at National Business Excellence Awards

  • Won Compliance Award at TAGS Awards 2023

  • CFL website implementation

  • Established the Nominations and Governance Committee

    and extended governance policies

  • Certification of ISO 45001:2018 Occupational Health and

    Safety Management Systems

    2022/23

• Won the following awards at The Effie Awards 2023

  • The Most Effective Marketer of the Year

  • Packaged Food category - Gold

  • Media Innovation in social media - Gold

  • Youth Product Marketing Category - Bronze

• Compliance Award at TAGS Awards 2022

• Sera has achieved remarkable success at SLIM DIGIS 2.2. The campaign has secured

  a total of six prestigious awards

  • Gold Award for Digital in Food & Beverage

  • Silver Awards for Best Use of Experiential Digital Marketing, Small Budget Impact, Cross Digital Platform Integration and Gaming, Gamification and Use of E-Sports

  • Bronze Award for Best Digital Marketing Innovation

• Sera makes history as the first brand in Sri Lanka to win an APAC Award for Best Innovative Idea or Concept in Gaming, at the 2022 Dragons of Asia

• Honored with the PROMISE Sustainability Awards 2023

  2024/25

• Runner Up - ACCA Sri Lanka Sustainability Reporting Awards 2024 in the Food and Beverages Category

• Certificate of Compliance - Manufacturing Sector (Group Turnover Up to Rs.20 Bn) at TAGS Awards 2024 by ICASL

• Certificate of Compliance at CMA Excellence in Integrated Reporting Awards 2024

• Achieved ISO 50001:2018 certification for Energy Management System

• Honored with the PROMISE - Sustainability Performance Certificate

• Recorded highest ever profit before tax and profit after tax

FINANCIAL HIGHLIGHTS

Rs.950Mn

Profit Before Tax

14%

PBT Margin

Rs.1,278

MPS

Rs.2.23Bn

Cash and Short Term Investments

Rs.647Mn

Profit Aher Tax

35%

GP Margin

Rs.0 (Nil)

Borrowings

Rs.4.71Bn

Total Assets

CAPITAL RELATED HIGHLIGHTS

SINHALA AND TAMIL NEW YEAR CELEBRATION - APRIL 2024

We celebrated the Sinhala and Tamil New Year 2024 with enthusiastic participation from all levels of staff. This lively event celebrated our cultural heritage through traditional activities, games and a festive feast, bringing people together in a spirit of unity and joy. It strengthened team bonds and showcased our commitment to a positive workplace culture and a cohesive and motivated team.

FOOD CLUSTER STRATEGY CASCADE SESSION - APRIL 2024

The Strategic Cascade Session brought together all leaders to align on the Food Cluster's vision and priorities

for 2024/25. The session focused on how each team intends to execute the business strategy through clearly defined plans and objectives. It also provided

valuable insights into how the overarching strategy is translated into team-level actions, enhancing awareness of how individual teams contribute to the broader organizational goals. Additionally, team leaders were encouraged to communicate the strategy to their teams and seek

their active involvement and support in achieving the overall business objectives.

FOOD CLUSTER SALES STRATEGY CASCADE - MAY 2024

This session served as a platform to communicate the sales strategy for CBL Food Cluster, focusing on growth levels, market expansion and customer

engagement. Sales teams were equipped with actionable insights and tools to execute the strategy effectively across regions.

NATIONAL SALES CONFERENCE -MAY 2024

The National Sales Conference was a dynamic gathering of sales force staff. The event featured keynote speakers, performance reviews and recognition of top achievers, fostering motivation and a shared vision for future success.

ANNUAL PIRITH CEREMONY -MAY 2024

CFL held the Annual Pirith ceremony, a tradition focused on the spiritual wellbeing of our employees and Company. This special event brought everyone together to join in social harmony, creating a peaceful and reflective atmosphere. The ceremony featured offerings, prayers and shared blessings, fostering a sense of unity and calm among our team.

WORLD ENVIRONMENT DAY TREE PLANTING - JUNE 2024

In celebration of World Environment Day, our teams participated in a tree planting initiative promoting sustainability and environmental stewardship.

POSON DANSALA, RATMALANA -JUNE 2024

During the Poson Poya day 2024, we continued to host the Poson Dansala, a traditional alms-giving event. We served Sera Noodles with Soya Meat (Lankasoy) to over 1,000 visitors and our employees. The event was a testament to our commitment to generosity and community spirit. Our employees ensured that the food was prepared and served hygienically, welcoming people of all backgrounds to share in this meaningful tradition.

KATARAGAMA PAADHA YATHRA -JULY AND AUGUST 2024

During July and August, thousands of devotees from the North undertake a 3-4 day pilgrimage on foot through the Yala National Forest to Kataragama for the annual Perahera and its religious observances. They are met with several difficulties including the availability of clean drinking water. In support of this

tradition, Lankasoy, in collaboration

with government bodies, provided clean drinking water throughout the route from Kumbukkan Oya to Yala by placing 10 branded water tanks offering free access to safe hydration. At the end of their journey, pilgrims were welcomed with

a freshly prepared sample of Lankasoy, allowing them to experience the product firsthand. This 15-day activation reached nearly 50,000 devotees.

CHILDREN'S DAY CELEBRATION -OCTOBER 2024

We celebrated Children's Day with joy and compassion, organizing fun-filled activities and meaningful engagements for the children of employees.

ANNUAL STAFF EXCURSION TO THISSAMAHARAMA - OCTOBER 2024

CFL Management organized an annual staff excursion to Tissamaharama which was a great opportunity for team engagement, relaxation and a much-needed break. This event was a reward for our dedicated team, fostering stronger connections and creating unforgettable memories.

FOOD SAFETY, QUALITY AND HYGIENE AWARENESS AND OHS TRAINING - NOVEMBER 2024

A comprehensive training session was conducted to reinforce the best practices in food safety, hygiene and occupational health and safety (OHS). The program emphasized our zero-compromise approach to quality and the well-being of our workforce.

SHEQ WEEK 2024 - NOVEMBER 2024

A successful SHEQ week was held with a range of impactful activities across all employee segments, including audits, competitions, awareness sessions and SHEQ Day events. Highlights included expert sessions on resilience, packaging

technology and regulatory compliance, as well as the introduction of the Distributor Compliance Index (DCI). The week strengthened awareness on ESG, energy conservation and continuous improvement through quality circles and KAIZEN practices, reinforcing our commitment to a culture of safety, health, environment and quality.

Further, multiple staff competitions were organized to involve all staff, such as Quiz Competition for factory and office staff, Art Competition for children of factory and office staff, Steps Challenge and SHEQ Questionnaire.

FIRST AID TRAINING - NOVEMBER 2024

Coinciding with the fire drill, a first aid training session was held to empower employees with life-saving skills. The training covered essential first aid techniques and emergency response protocols, enhancing our safety culture.

MEDICAL SCREENING FOR FOOD HANDLERS - NOVEMBER 2024

A comprehensive medical screening was conducted for all food handlers. This proactive initiative ensured compliance with health regulations and ensured our commitment to delivering safe, hygienic food to our customers.

ANNUAL GET-TOGETHER -DECEMBER 2024

CFL held its annual get-together, at the Barnhouse Studio, Panadura, bringing senior managers, managers and employees with their families together for a day of fun, engagement and connection. This event was a great chance for everyone to mingle in a relaxed setting, helping to build a stronger team and enhance our Company culture.

SECRET SANTA - DECEMBER 2024

The annual Secret Santa event brought festive cheer and camaraderie to the workplace. Through thoughtful gift exchanges and joyful celebrations, employees strengthened bonds and embraced the spirit of giving.

NEW YEAR CELEBRATION 2025 -JANUARY 2025

CFL celebrated the dawning of 2025 at our New Year celebration attended by the employees. Religious dignitaries

representing multiple religions joined to offer blessings, creating a harmonious and inclusive atmosphere. This celebration not only marked the start of a new year but also reinforced our commitment to diversity and unity within our team.

SPEECH CRAFT PROGRAM -JANUARY 2025

The Speech Craft Program provided an opportunity for employees to enhance their speaking and communication skills. Facilitated by experienced mentors,

the program boosted confidence and encouraged personal and professional growth.

STAR PROGRAM LAUNCH - MARCH 2025

The STAR (Skills, Talent, Attitude, Results) Staff Development Program was officially launched to recognize and nurture high-potential employees at Staff level in the Company. This initiative aimed to build a leadership pipeline and develop a culture of excellence and continuous development.

WOMEN'S DAY CELEBRATION -MARCH 2025

CFL celebrated International Women's Day honoring our female employees with tokens of appreciation. This event recognized the invaluable contributions of women in our workforce, emphasizing our commitment to gender equality and appreciation for their hard work and dedication.

EXHIBITIONS AND TRADE FAIRS

Lanka Soy actively participated in major exhibitions and trade fairs throughout the year, including prominent events such as the Jaffna International Trade Fair (JITF), Industry Exhibition (IDB), ProFood ProPack, Colombo Shopping Festival and Culinary Arts Exhibition. These platforms

served as valuable opportunities for direct

consumer engagement, enabling product

sampling, sales and brand education.

A total of 7 key events were leveraged through 35 activations, resulting in direct contact with over 140,000 individuals and generating sales exceeding Rs.6 Mn, further strengthening brand visibility and market presence.

MODERN TRADE AND SHOPPER ACTIVATION

CFL's brands benefit from year-round, strategically tailored modern trade and shopper activation programs aimed at driving product trials and boosting brand presence. The Sera Shopper Activation travels across towns, engaging consumers at top-tier and Small Medium Modern Trade (SMMT) outlets through education-led sampling and interactive brand experience.

Similarly, Lanka Soy's Nagara Charika and Nutriline activations follow this model, creating widespread consumer touchpoints. During 2024/25, a total of 2,010 activations were carried out, reaching over 250,000 direct contacts

contributing to brand growth and market penetration.

CFL WON THE RUNNER-UP AT ACCA SRI LANKA SUSTAINABILITY REPORTING AWARDS 2024 IN THE FOOD AND BEVERAGES CATEGORY

CFL's Annual Report 2023/24 won the Runner-up in the Food & Beverages category, at the ACCA Sustainability Reporting Awards 2024. The recognition highlighted CFL's commitment to sustainability reporting, supported by voluntary standards and

frameworks and presentation of solid coverage on sustainability aspects of the Company.

The ACCA Sustainability Reporting Awards 2024 (Sri Lanka) recognized annual reports that effectively acknowledged and explained a business's economic, environmental and social impacts to both internal and external stakeholders.

CFL RECEIVED CERTIFICATE OF COMPLIANCE AT TAGS AWARDS 2024

CFL was awarded a Certificate of Compliance in the Manufacturing Sector (Group Turnover up to Rs. 20 Bn) at the Institute of Chartered Accountants of Sri Lanka's TAGS Awards 2024.

TAGS Awards recognized top corporations, multinationals, small businesses and nonprofit organizations for their insightful and transparent Annual Reports that met the rising demands of stakeholders, including investors.

ISO 50001:2018 ENERGY MANAGEMENT CERTIFICATION

CFL successfully achieved ISO 50001:2018 certification for our Energy Management System, marking a significant milestone in our commitment to energy efficiency and sustainability. This certification reflects optimizing energy performance, reducing environmental impact and integrating best practices into our operations to drive longterm sustainability.

PROMISE - SUSTAINABILITY PERFORMANCE CERTIFICATE

CFL is honored to receive the Platinum Sustainability Performance Certificate from the Prevention of Marine Litter Lakshadweep Sea (PROMISE) Project. Launched in 2020 and running through 2024, the PROMISE Project recognizes members from the FMCG and tourism sectors across Sri Lanka, India and the Maldives. As part of this initiative, we actively participated in audits, awareness sessions and training programs aimed at waste reduction and resource conservation. We are grateful for the opportunity to contribute to this meaningful cause.

CFL RECEIVED CERTIFICATE OF COMPLIANCE AT CMA EXCELLENCE IN INTEGRATED REPORTING AWARDS 2024

CFL was awarded with the Certificate of Compliance in the Manufacturing, Food & Beverages Sector at the CMA Excellence in Integrated Reporting Awards 2024.

The CMA awards aimed to foster the adoption of integrated reporting by Sri Lankan companies, underscoring its importance in providing a holistic

view of an organization's value creation process. The event reaffirmed the role of integrated reporting in promoting transparency and accountability within the corporate sector.