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On behalf of the board of directors (the “Board”) of Neway Group Holdings Limited (the “Company”), I would like to present to shareholders the results of the Company and its subsidiaries (together, the “Group”) for the year ended 31 December 2017 (the “Year”).

During the Year, the Group experienced enormous market challenges, including but not limited to the intense competition, increasing operating costs and volatile global environment which adversely affected the financial performance of various business segments of the Group to some extent. To cope with these challenges, the Group has adopted more stringent cost control policies to minimise wastes in all aspects. At the same time, the Group has devoted continuous and more financial and human resources to each business segment and identified more business opportunities to create value for the Group.

Looking forward, continuous challenges are expected in different industries, especially those operated in the People’s of Republic of China (the “PRC”). The appreciation of foreign exchange rate of Renminbi, the soaring material prices and increasing minimum wages imposed by the PRC government will create extra financial burden on the Group. The keen market competition among all industries may also hinder the Group from achieving a stable growth in turnover for all business segments. The Group is pleased to accept these challenges and will continue to devote more resources to create new value-added services to our customers and to enhance our values to our business partners.

At the same time, the Group will continue looking for business opportunities in the PRC and Asia Pacific region and enlarge our business network to other places of the world.

On behalf of the Board, I would like to take this opportunity to express my gratitude to all shareholders, investors, business partners and staff for their continuous support and dedication to the Group throughout the Year.


SUEK Ka Lun, Ernie
Chairman

Hong Kong
27 March 2018

 
 
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