The Wing Fat Printing Co. Ltd is one of the most established paper packaging printing and paper packaging material supply companies in Hong Kong and China. We are principally engaged in packaging printing for consumer products, especially cigarettes and alcohol. In addition, we are engaged in containerboard production and sales. Today we are one of the largest containerboard manufacturers in northern China.
     
    At present, the Company’s business covers Hong Kong and major provinces and cities in the PRC, including Guangdong, Guangxi, Zhejiang, Sichuan, Shanghai, Shandong, Shaanxi, Henan, Hebei, etc.
       
    Vision: To become a DOMINANT consumer product packaging printer in the PRC focusing on cigarettes and alcohol.
       
    Philosophy: To enhance Company’s value for shareholders through our loyal and devoted services to customers.
       
    Competitive strengths

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    		•  Established presence and recognised corporate identity in the printing industry
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    		•  Established strategic relationships with customers
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    		•  Highly experienced management team
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    		•  Sophisticated industry know-how and technologically advanced machinery and equipment for the printing business
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    		•  High quality control
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    		•  Strategic locations and proximity to customers
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    		•  Comprehensive range of services and products of the printing business
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    		•  Sufficient water supply for production of containerboard
           
        Business Strategies

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    		•  Strengthening its industry position in the printing business with a strategic focus on precision printing of cigarette packages

    Wing Fat, through its members and its associated companies, has established a strong presence in the printing business, particularly for cigarette packages, in Hong Kong and a number of provinces in the PRC. The Group believes that it is important to continue strengthening its position in the printing business and to strengthen its relationship with customers, especially cigarette manufacturers, in order to generate stable growth in revenue in the Group’s printing business. To achieve this goal, the Group plans to adopt the following strategies:

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    		•  Pro-actively seeking direct communication with customers for better understanding of their evolving needs;
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    		•  Providing high quality service and on time deliveries;
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    		•  Leveraging its established production and sales network to expand its customer base in locations where high demand for printing services is expected;
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    		•  Continuing to seek strategic partnerships with key customers, including setting up joint ventures, to secure continuing and stable orders from key cigarettes and alcohol manufacturers in the PRC;
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    		•  Regularly upgrading its production facilities with advanced equipment to enhance product quality, production capacity and efficiency; and
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    		•  Pursuing opportunities to increase its effective shareholdings in subsidiaries and associated companies with good prospects, and seeking to acquire other printing companies in order to capitalise on and benefit from the opportunities that may arise from the fast development of consumer markets as well as the trend of consolidation in the tobacco industry in the PRC.
     
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    		•  Expanding the scale, and enhancing the production process and cost efficiency of containerboard production

    The Group’s objective is to expand its production scale and to enhance Hebei Yongxin’s production process and cost efficiency so as to increase the profitability of this business. The Group’s strategies to achieve this objective are as follows:

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    		•  Expanding the Group’s production capacity as well as upgrading its technologies for the containerboard production business. The Group has already commenced the project of installing the sixth containerboard production line in Hebei Yongxin, and the installation is expected to be operational in the second half of 2008. It is expected to increase total production capacity to approximately 500,000 tonnes per annum.
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    		•  Exploring other strategic channels for sourcing recycled paper, which is the most important raw material as it represents the largest portion of the costs of sales of containerboard of the Group, in order to reduce costs and maintain stable supply.
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    		•  Upgrading the existing wastewater treatment facilities and installing additional power and steam cogeneration units to satisfy the higher demand for, and lower the unit costs of, water, steam and electricity for the sixth production line.
           
        Production Facilities

    The Group has advanced equipment and versatile know-how as well as highly efficient production capability. Wing Fat boasts advanced packaging printing equipment, such as the eight-color gravure printing machine with automatic die cutter produced by Switzerland’s Bobst, the seven-color printing machine. In addition, the Group’s high-skill technicians are equipped with comprehensive techniques and know-how. They possess versatile printing knowledge. They are able to offer customers a variety of high-quality packaging printing products and cater to their demand for precision products.

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