(May 24, 2017 – Hong Kong) Realord Group Holdings Limited (“Realord” or the “Company,” together with its subsidiaries collectively known as the “Group,” stock code: 1196.HK) is pleased to announce that the vehicle parts retail shop of its subsidiary “Realord Vehicle Parts Limited”, located at To Kwa Wan, has officially opened. It is a new milestone for the Company’s vehicle parts business that extends from distributing to retailing and furtherly connects with the consumers’ market.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group; Ms. Su Jiaohua, Suki, Chief Executive Officer; Mr. Lin Xiaodong, Trevor, Executive Director; Mr. Chan, Keith Ying Kay, Chief Financial Officer, and General Manager of Guangzhou Realord Vehicle Parts Limited Mr. Lin Yibin, Ben attended the opening ceremony.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group, said: "We are glad to see the growth of Realord Vehicle Parts in the past three years, and we are confident towards the future development of this business."
Mr. Lin Xiaodong, Trevor, Executive Director of Realord Group, said: "To be more effective in reaching customers at different levels in particular the vehicle-related services providers and the consumers, establishing retail stores is absolutely imperative for us. Vehicle parts market is full of infinite opportunities and challenges, thus we will be positive and optimistic to operate and expand. What’s more, we will pay efforts to expand our dealership, distributorship and the variety of goods meeting the demands, and to attract more customers by deploying different promotional strategies.”
"Realord Vehicle Parts Limited", which engages in selling various luxury automobile parts, has been operating in Hong Kong since October 2014. Domestic Repair shops and distributors in the PRC and Hong Kong are the main customers. The base and warehouse are stationed at Ha Tsuen, Yuen Long in the New Territories where can store amount of auto parts with large size. A newly opened retail store “Realord Vehicle Parts” is located at Shop B, 157-159 Kowloon City Road, To Kwa Wan, Kowloon, Hong Kong in which customers find one more way to purchase products, so it makes a better and more comprehensive sales service.
According to the Annual Report in 2016 of Realord Group, vehicle parts segment has contributed HK $100.6 million in the year, accounting for 48% of the Group's total revenue, increased 5.5% year-on-year.
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