DEAR SHAREHOLDERS

On behalf of the board of directors (the “Board”) of Nissin Foods Company Limited (the “Company”), I am pleased to present the Annual Report of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2023.

PROFIT GROWTH FOR SEVEN CONSECUTIVE YEARS SINCE LISTING

The year 2023 marked the resumption of normal economic activities in both Mainland China and Hong Kong following the uplift of restrictions against pandemics. Although there were strong hopes for economic recovery at the beginning of the year, economic activities gradually weakened, the economic outlook became increasingly uncertain, and consumer sentiment tended to decline. Against this backdrop, the Group has contributed to people’s health and society by providing the pleasure of eating and taste of food to people, in line with our founder, Mr. Momofuku Ando’s corporate philosophy that “food-related job is a sacred profession (食為聖職)”.