OTS is one of the largest meat product manufacturing companies in Singapore. It was established in 1993, and its experienced management team still includes family members of the original founders. The company's year-end in June 30. The Group specializes in ready-to-eat and ready-to-cook meat products. It has two separate facilities (for halal and non-halal food products) that can each manage and process up to four product categories - chilled, frozen, dried, and shelf-stable ready-to-eat and ready-to-cook meat products. OTS holds trademarks for several strong brands that have become household names over the past 20 years. More recently, the Group entered the halal food market with a retail brand and a food service brand. There are currently more than 1,100 distinct products over 13 main product types under OTS's six house brands. It also produces seasonal food products for the Chinese New Year and Christmas festive periods, both under its brands and as a contract manufacturer. Generally, higher sales are recorded in the period from December to February, due to higher sales for the festive periods.

OTS has established various distribution channels including supermarkets, convenience stores, provisions shops, restaurants, hotels and e-commerce. Its key markets are in Singapore and Malaysia, but the Group's products are sold in more than 25 countries, including Brunei, Myanmar, India and the European Union. Revenue by business segments 2018 2019 2020 1H2021 % % % % Modern trade (major supermarkets) 35.9 32.2 31.7 24.7 General trade (convenience stores, provision shops, 34.1 37.2 40.8 48.7 wholesalers) Food services (hotels, restaurants, hawker centres, 22.1 22.0 17.7 15.3 food courts, caterers, F&B stores) Other (exports, e-commerce) 7.9 8.6 9.8 11.3 Total $23.9m $26.3m $34.5m $21.1mRevenue by geographical segments 2018 2019 2020 1HY2020 1HY2021 $m $m $m $m $m Singapore 21.8 22.9 25.5 11.7 12.3 Malaysia 1.4 2.4 7.4 2.3 7.5 Others 0.7 1.0 1.6 0.6 1.3 Total 23.9 26.3 34.5 14.6 21.1 The Group's manufacturing facilities are technology-driven, using ERP (first implemented in 2003, with subsequent upgrades and improvements) to connect all aspects of the production process to track and monitor purchasing through production, inventory, and sales. OTS also has a dedicated in-house R&D team to create better products by responding to market trends and customer tastes, and using technology to enhance recipes as well as increase production efficiency and product quality.Revenue & Profit for financial years 2018 - 2020 & first half year 2020 & 2021 Full year to Half-year to 30/6/2018 30/6/2019 30/6/2020 31/12/2019 31/12/2020 $m $m $m $m $m Revenue 23.9 26.3 34.5 14.6 21.1 Cost of sales 18.5 19.6 24.3 10.5 14.5 Gross Profit 5.4 6.7 10.2 4.2 6.7 Profit for period 1.4 1.6 3.6 0.8 2.9 OTS did not experience any material disruptions during and after the Circuit Breaker in Singapore from April to June 2020, as food manufacturing services are considered essential in nature. Its cost of sales comprise: Raw material costs - cost of meat and poultry products, flour, eggs, spices, vegetables and packaging materials. Direct labour costs - wages and salaries of employees directly involved in the production process. Manufacturing overheads - depreciation, repair and maintenance of plant and equipment, fuel, utilities, outsourcing fees charged by third party contract manufacturer and miscellaneous operating expenses. Purchase cost of third party food products related to its distribution business