Dear shareholders and friends,
The year of monkey is almost gone while the year of Rooster is arriving.
The Chinese New Year is coming. On behalf of Realord Group, I would like to express my sincere greetings and best wishes to our friends, especially for our customers and our shareholders.
Over the past year, Realord Group acted like a monkey being determined in forging ahead, being open-minded to explore, being good at getting opportunities, being brave in facing challenges, and being diligent in climbing up to the top, so that our business could be achieved in a new level!
Over the past year, our group gradually expanded. The positioning of our property development is more vivid, focusing on Longhua District in Shenzhen. To respond and support the urban renewal policy adopted by the government, the Group is now preparing the application of an owned land situated in Longhua District, Shenzhen for transformation from industrial use to building commercial apartments or offices. In addition, the Group's environmental business is also ready to make contribution, Top Eagle International Trading Limited and its subsidiary Guangxi Wuzhou Tongbao Renewable Material Co., Ltd are engaged in the scrap metal materials recycling industry. More important, Tongbao is located in Wuzhou Import Renewable Resources Processing Park where is also known as the "national city minerals", one of the key demonstration bases of materials recycling in China, and the major recycling area in southern China. In particular, the local Guangxi government actively promotes and pushes the production of the park into a hundred billion RMB scale, so we, the board of directors, are optimistic on the prospects of renewable resources recycling. When it comes to our auto parts business, we will consider to expand and to set up more shops so as to obtain more market share.
Over the past year, our group has successfully built up a friendly and strong cooperation with different enterprises in the financial field. In May, our subsidiary Realord Manureen Securities Limited become a co-promoter with Guangdong Yue Chai Investment Holdings Limited, Shenzhen Hongjin Investment Holding Limited, Baoli Property Management Company Limited, Karl-Thomson Securities Company Limited and Eternal Pearl Securities Company to set up the Joint Venture Securities Company named Yuegang Securities Limited by equity participation in Guangzhou Pilot Free Trade Zone, Nanshan area in the PRC to carry out securities businesses China. We decided to spend RMB350 million to subscribe 10% equity interests of JV company, which is conductive to our future revenue. According to the China Securities Regulatory Commission, the current application of the license has entered to a review stage. Besides, in October, we and Guangdong Huaxing Bank Shenzhen Branch have entered into a strategic cooperation framework agreement with a total size of RMB5 billion which enables us complement the strengths and resources of each other. The amount of the agreement will likely be applied in property projects, industrial projects, mergers and acquisitions, credit facilities or cross-border financing activities of the Group.
What’s more, our Group received extensive attention from the investors. Following the constituted into FTSE Russell Global Index, MSCI Hong Kong Small Cap Index in 2015, Realord Group was selected as constituent stock on Hang Seng Family of Indexes in August last year, implying that the capital market has fully affirmed our Group’s outstanding performance and its potential.
A new Lunar Chinese year is approaching, we wish you all good luck in the year of Rooster. I wish Realord Group will continue to make every success in 2017. We must firmly grasp the chances in facing the unpredictable economic situation. We must roll up our sleeves to do the best, so as to create a higher value for customers, to create more returns for our shareholders, to create greater welfares for our staff. We, Realord Group, won’t forget our original intention and the mission. We will move forward altogether so as to achieve our “Realord Dream”!
Last but not least, I wish you good health and always the best in a new year!
Best Regards,
Bryan Lin
Chairman, Realord Group Holdings Limited