contents f 2 3 4 6 8 9 10 12 14 22 27 34 36 37 38 40 42 43 44 46 48 56 61 68 69 81 83 84 86 88 89 92 164 166 corporate profile core group structure corporation information events calendar financial highlights peace mark business model global presence chairman s statement review of operation management discussion and analysis directors senior notice annual general meeting v m p report auditors consolidated income b balance sheet changes in equity cash flow t notes to the statements w summary properties j five year holdings limited founded 1983 headquartered hong kong has been a leading manufacturer distributor timepiece industry involves oem odm distribution licensed own brand names after sales services designs manufactures distributes timepieces for international brandnames with its major markets usa europe asia
