DEAR SHAREHOLDERS

On behalf of the board of directors (the “Board”) of Nissin Foods Company Limited (the “Company”), I am delighted to present the Annual Report of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2022.

OUTPERFORMED THE RESULTS OF YEAR 2021

2022 was the final year of COVID-19 and in the first half of theyear we focused on responding to the pandemic. In addition, we experienced rising raw material prices and a sharp increase in logistics and warehousing costs in Hong Kong due to supply chain disruptions. In line with our founder Momofuku Ando's corporate philosophy that “food-related job is a sacred profession (食為聖職)”, the Group was able to supply products throughout the year without production interruption, contributing to consumers' enjoyment of foods.