WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
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CHAIRMAN’S STATEMENT
OUTLOOK
The Group expects market conditions to remain challenging in the year ahead in line with China’s slowing
economic growth. At the same time, we also see pockets of growth opportunity especially with the
March 2016 launch of the Chinese government’s 13th Five-Year Economic Plan (the “Plan”), which is the
blueprint for the country’s social, economic and political goals.
As part of the Plan, the government has projected a GDP growth target of no less than 6.5% per annum
for over the next five years, with double GDP and per capita income by 2020 from the 2010 base
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Among the areas covered by the Plan, the Group is optimistic that “Innovation” and “Green Development”
will be key drivers for our business. By promoting innovation and entrepreneurship, the Chinese
Government hopes to enhance the dominance of China-made brands domestically and internationally
through industrial upgrading and intelligent manufacturing. It also aims to continue pursuing the country’s
environmental protection goals.
For these reasons, Willas-Array’s will focus its efforts and resources on supplying componentry to
segments that can ride on the momentum created by the Plan. These include our Telecommunications,
Industrial, Automotive, Home Appliance and Lighting segments. In view of the expected slower economic
in China, we will also be keeping an eye out so we can respond correctly to changing consumer trends
for electronic products. However, we are optimistic that growing digitalisation driven by modern lifestyles
will continue to spur consumer demand.
APPRECIATION
FY2016 was a tough year for the Group but we managed to achieve healthy sales because of the many
dedicated people who had worked tirelessly behind the scenes chasing down leads and making sales.
For this, I would like to thank all the management team and staff at Willas-Array for their loyalty and
strong work ethics.
I also want to express my appreciation to all our business partners and suppliers who have stood by us
through thick and thin and continue to support us through good times and bad.
Lastly, I would like to thank our shareholders for your support and faith. Although the Group did not have
a good year, it was because of events related to GW Electronics. Our core business remains viable and
we are focused on building a sustainable future for the Group.
Leung Chun Wah
Chairman
May 27, 2016
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“The 13th Five-Year Plan: Xi Jinping Reiterates his Vision for China”, APCO Worldwide:
