In FY2023, FY2024 and FY2025, we acquired approximately 4,900, 3,700 and 1,400 tonnes, respectively, of phenol originating from countries or regions subject to PRC anti-dumping duties, representing approximately 7.4%, 5.0% and 1.9% of our total procurement volume of phenol in the respective year.
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Accordingly, we are exempt from PRC anti-dumping duties in respect of the imported phenol used in our products under the bonded processing arrangement.
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The company's explanation, the adviser's view and the page in the filing: see MattersOur Directors are of the view that the impact of the PRC anti-dumping duties on our raw material costs and supply stability has been limited on the basis that (i) as confirmed by F&S, locally supplied phenol of comparable price and quality has remained readily available in the PRC; and (ii) we had not experienced any supply chain disruptions or substantial cost increases due to tariff policies during the Track Record Period and up to the Latest Practicable Date.
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