CHAIRMAN'S MESSAGE

I deem it to be an exclusive privilege for me to welcome all of you to the 19th Annual General Meeting of Generation Next Fashions Limited. With great pleasure, we have already submit-ted before you the operational activities and the Annual Financial Statements for the year ending 30 June 2023 duly approved by the Board of Directors.

Business Climate: The fallout of global pandemic Covid-19 is still affecting the world economy. This has been further affected by the on-going Russia-Ukraine war. On top of these, the Israil-Palestine war has come as a big blow to the international business/trade. The worst affected sector has been the apparels sector, resulting the closure of many factories and trading houses.