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Chairman’s Statement

PROSPECTS

The US economy is expected to continue expanding,
though remaining at a modest pace in the coming
year. While there are economic and political
concerns on the horizon, the demand for good-
value/high-quality electronic products is constant.

In the coming year, we will look to build on the sales
momentum achieved by our tablet series which have
proved to be important growth drivers. To appeal
to an even wider breadth of customers, we will be
introducing still larger sized tablets and personal
computing products – currently in the product
development pipeline are sizes ranging from 14-inch,
to 17-inch, and even up to 19-inch. Besides greater
choices in size, more productivity accessories will ongoing updates that correspond with market
be offered as well, expanding from detachable trends. Such efforts will duly continue, as will step
keyboards to the possible inclusion of an active to optimise the production of these products so that
stylus and wireless mouse to provide more features they provide fair returns to the Group well into the
options in the portfolio of these products. future.

With regards to our AV products, they will continue Given our strong product development capability
to be among our primary revenue streams. The and solid financial position, we will also continue to
current offering, which includes the Group’s sound explore new business opportunities that open up
bar systems, has remained evergreen through fresh revenue streams.

Furthermore, mindful of the increasing sophistication
of our products, brand association will play a
growing role in attracting consumers. While we
already have a renowned brand under license for
tackling the US market, a dedicated brand for
better penetrating Europe and Asia among other
markets is needed. Consequently, the ‘Venturer’
brand will be used for such a purpose. Venturer has
already been on the market for several decades,
and its transformation into a more premium brand
will be in line with the products that it represents:
technologically advanced, well designed and
high-quality tablets, audio systems and personal
computing products.

6 ALCO HOLDINGS LIMITED ANNUAL REPORT 2016