Dear colleagues,

Looking back on the year of 2011, the world economy was still at stake and corporations all faced continual challenges. With flexible and cautious investment strategies, K. Wah Group managed to grow steadily through the year. As the Chairman of the Group, I am glad to witness the achievements of various businesses, which also reminded me to always strive for the best.

With more than 20,000 staff members in the Group, innovation is pivotal to sustainable development. What we achieved today will soon become history and therefore young people like you will have to carve out the path ahead. Innovation is perfection attained by improving on past failures. Think wisely and learn from mistakes, success will be around the corner.

Throughout the years, act prudent and pragmatic has always been my motto. I pursued my goals in accordance with my ability. Never envy others’ accomplishment, they must have overcome countless challenges along the way. I have seen ups and downs and encountered numerous difficulties too. They were invaluable lessons learnt and my guide to find true success. Competition will only get keener than ever, but it is also fierce competition that will motivate us to do better. Embrace the opportunities that competition brings you. I look forward to seeing our colleagues lead the way with perseverance and innovation.

Unity is strength. One’s own effort is limited. I alone would not have been able to bring K. Wah Group to the international market. A united team and a harmonious working environment paved the way to scaling new height. Always work with patience and learn from each other, along with effective communication, K. Wah’s strength will be brought into full play. The harvest we enjoy now came from the effort of a huge team. We must treasure it and pass it on, contributing more for the betterment of our Motherland and Hong Kong.