On the Mainland China macroeconomic perspective, the steady economic growth, the continuous urbanization and most directly, the increased disposable income and consumption also contributed to the future satisfactory performance of Rossini, EBOHR, Eterna, and Corum and of distribution companies.
It is expected that the performance of the Eterna and Corum will improve in the future as the market recognition of the high brand value of Eterna and Corum increases following the investments on product development, marketing and advertising strategies and restructuring of its brand building strategy during the previous years. The expected expansion of presence in the Mainland China market will also help Eterna and Corum capture the enormous potential of the Mainland China’s imported watch market.
The Group will remain focused on executing the various initiatives under the strategic plan of developing both proprietary brands and non-proprietary brands. The Group would continue the impressive organic growth through product, market and distribution development, leveraging on our ample financial resources. These multiple strategic moves to achieve a balanced portfolio in a prudent manner are expected to drive significant growth in the years to come.