Page 8 - ar2012

6 WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
CHAIRMAN’S STATEMENT
Dear Shareholders,
Despi te another chal lenging year, we are happy
to report a net profit attributable to shareholders of
HK$45.8 million for the year ended March 31, 2013
(“FY2013”).
Since inception in 1981, our Group has been profitable
every year, except in 2009 when we were affected
by the global financial crisis, and we are pleased to
continue this track record for yet another year. Our
performance demonstrates the stability and resilience
of the Group – a position we have worked hard to
achieve over the years and will endeavor to strive for in
many more years to come.
I am pleased to welcome two new directors to the
Board. With effect from June 28, 2013, our Deputy
Managing Director of Sales and Marketing – Mr Alvin
Hon Kar Chun, and Mr Eugene Iu Po Chan will take
on the positions of Executive Director and Independent
Non-Executive Director respectively.
Mr Hon joined Willas-Array in August 1986 as a
Marketing Executive and has held various positions in
the Group over the years. Mr Iu has over 40 years of
experience in commercial banking and has held senior
positions in both international and local banks in Hong
Kong, Shenzhen, San Francisco and Macau until his
retirement in 2013. I look forward to working with them
closely to steer the Group to greater heights.
The two new directors will replace two long-serving
members of our Board – Mr Andy Hung and Mr Albert
Tse, who are both retiring on June 28, 2013.
Andy joined us in July 2001 as Chief Financial
Officer and over the next 12 years, dedicated his
experience to helping the Group achieve the growth
and stability it enjoys today, he has also been on our
Board as Executive Director since April 2004. Albert
was appointed to the Board as an Independent Non-
Executive Director in April 2002 and his contributions
LEUNG CHUN WAH
Chairman