SEO Version
8
WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
CHAIRMAN’S STATEMENT
Hong Kong will be beneficial to our long term growth and development as it will enable the Group to have ready access
to two different equity markets in Singapore and Hong Kong respectively when the opportunity arises. This will widen our
investor base, increase the liquidity of our shares and further enhance the public awareness of Willas-Array in the Greater
China region where we have extensive operations.
OUTLOOK
We are optimistically confident about our performance in FY2014 due to a number of factors. The European economy
appears to have become more stable and we believe the worst is over. Likewise, new data from the US show slow but
positive improvements that suggest a better year ahead for its economy.
Meanwhile, over in our core China market, most economists have predicted a steady and gentle economic recovery
in 2013 as investment growth quickens and retail sales stabilize. The country’s current leadership is also emphasizing
strongly on developing the domestic market by introducing government policies to stimulate growth.
In addition, we are encouraged by the Chinese government’s push for the use of more environmentally friendly products
within the home and office. We believe this bodes well particularly for the “green” applications we have developed for
our various segments including Home Appliance and Industrial.
Looking ahead, we will continue to leverage on our sales network, experience and product development expertise
to respond quickly to new trends emerging from our key markets. Some of the products in our R&D pipeline include
better enhanced power inverter for home appliances and smart utilities meters that help to manage energy and water
consumption. In addition, we will also continue to source for relevant suppliers and products from existing principals to
cater to market demand.
We have worked hard to strengthen our internal as well as external resources over the years and we feel confident in our
ability to take advantage of the expected recovery in China’s economy to achieve a higher level of growth for the Group
in the coming year.
The Group will remain vigilant in looking out for factors that may affect our operating environment and performance. We
are confident that our core values and best business practices including prudent capital management through cost and
credit controls, strong relationships with principals, sharp material and resource planning and exceptional customer service,
will enable us to continue to deliver results to our shareholders.
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