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I am pleased to be able to report that the integration of the Dene Healthcare business, which was acquired in early January, into the Rocialle Healthcare Group has gone very well. Craig and his team have been extremely welcoming, and I would like to thank them and everyone who has been involved from the RHL side for their efforts. There are still a number of parallel activities that are running where we expect to see gains on both sides so the rest of 2023 will continue to be busy in this regard.

We have had some difficulties with the integration of the MidMeds business as the shareholders exited the business in January. I would like to thank the team at MidMeds and also those from RHL who have been heavily involved in the work required to turn this situation around such that we are now in a much more stable position. Thank you to those who have had to spend time travelling up to (and staying in) Hertford to help with this stabilization, this is greatly appreciated.

For our core business, activity levels through the first four months have been very encouraging. There have been some blips along the way with doctors strikes, regulatory issues around CE marking impacting our export market, and continuing challenges in terms of component costs, energy, general inflation etc, but we are in line with our revenue targets and have some exciting opportunities in our sales pipeline for later in the year.

Having been visited by Zhende in January and March, during April we were pleased to welcome three visitors from our Australian shareholder, Multigate, who visited Ty Mynydd and Parc Agility as well as the new businesses of MidMeds and Dene. It has been more than three years since their last visit and the feedback was very positive.

As well as the more obvious differences in the refurbished building and the new warehouse, they commented about the greater degree of enthusiasm and energy from all of the staff and the amount of projects that are being worked on to drive further improvements in our business.

They left with a very good impression of our values, facilities, people and strategy. I would like to thank everyone who was involved in the visit, as well as those of you who were involved in the preparations.

Andrew and the Ops team continue their Lean Six Sigma and project activity, mitigating continuing cost pressures in the business and removing non-value-add activity. I was pleased to be able to present Green Belt accreditation in April to another cohort of our team.

I am excited to see the delivery of more Lean projects from these individuals alongside the work already being undertaken by the previous groups.

We have now seen the delivery of the pouch machine and the new web and paper supplies, all part of our continuing efforts to drive down our costs in the fact of the inflationary pressures we are all facing.

In addition, I am pleased to finally report that our solar panels project is complete, and we are already generating power.

As you will all have seen, we are now fully installed into the refurbished facilities in Ty Mynydd. I am delighted with the end product after all the hard work and the many months of having to deal with less than perfect working conditions.