First Resources（EB5）年次報告書

The Company was incorporated in Singapore on 9 December 2004.

First Resources Limited is one of the largest private sector producers of crude

palm oil in Indonesia. Its primary business activities are cultivating oil

palms, harvesting the fresh fruit bunches from those trees and processing crude

palm oil and palm kernel which it sells in Indonesia and internationally. All

of the Group's operations and assets, consisting primarily of 13 oil palm

plantations and six palm oil mills, are located in Riau province, Sumatra,

Indonesia.

The Group’s business areas are:

i) Cultivation

The Group purchases most of its seed requirements from Dami Oil Palm Research

Station (“DOPR”), a seed producer in Papua New Guinea. It operates an

efficient best-practice fertilization system of its trees, using inorganic

fertilizers as well as re-using by-products from our mills as fertilizer

substitutes.

ii) Harvesting

The Group harvests the fresh fruit bunches of the oil palm trees only when an

appropriate quantity of fruit become detached from the fresh fruit bunches,

indicating peak ripeness. The ripeness of fresh fruit bunches harvested is

critical in maximizing the quality and quantity of palm oil extraction.

iii) Crude palm oil and palm kernel processing

The Group’s primarily produces crude palm oil and palm kernel at its 6 palm oil

mills located adjacent to its plantations, allowing us to both reduce our

transport costs and maintain the quality of our crude palm oil. It has an

aggregate processing capacity of 345 tons of fresh fruit bunches per hour or

approximately 2.07 million tons of fresh fruit bunches per year.

The Group’s oil palm plantations has grown significantly since its started the

operations in 1992. As of 30 June 2007, the Group has 80,526 hectares under

cultivation and 72.2 percent of its cultivated land comprised mature oil palm

trees. As of 31 July 31 2007, its owned a total landbank of 184,280 hectares.