2011 is the definitive year of the “Twelve Five-Year Plan” of the Central Government, which has designated that one of its key objectives is to stimulate domestic demand, i.e., releasing the potential underlying consumption power of both urban and rural citizens so as to bring about a new growth phase for the economy. As our business is consumption-related, we would undoubtedly benefit from relevant government policies.
Looking ahead, the Group will further enhance the dominant positions of our proprietary brands by product development, brand-building, and distribution outlet construction. While developing proprietary brands is considered as our top priority, we will also develop the distribution of non-proprietary brands,
covering more products and expanding distribution outlets. Besides, we would focus on improving operational efficiency and corporate governance so as to prepare for the sustainable development of the Group.
Our commitment to build a portfolio of watch companies engaged in different products and markets necessitates further mergers and acquisitions and strategic alliances in Mainland China and overseas. Sources of funds for development have been made available through the disposals of non-core businesses and the placements of equity. The Group will strive to identify and evaluate opportunities and execute deals that are in the best interest of the shareholders.
We believe our major efforts during 2010 and the year before have lay strong foundation for the sustainable growth of the Group in Mainland China and overseas. |
