¡¡ ¡¡Man Wah Holdings Limited (hereinafter referred to as the ¡°Company¡± or ¡°Man Wah¡± and, together with its subsidiaries, the "Group" or ¡°We¡±) was founded in 1992. The Group has its headquartered in Hong Kong of the People¡¯s Republic of China with numerous subsidiaries, branches and associated companies across the major markets and cities of the world, including those in the US, Canada, United Kingdom, China and Singapore. In 2005, Man Wah Holdings was listed in Singapore and became the first Chinese furniture enterprise listed on the Main Board of the Singapore Stock Exchange. After delisting from the Singapore Stock Exchange in September 2009, it was listed on the Hong Kong Stock Exchange (stock code: 01999) in April 2010.
¡¡¡¡The Group is mainly engaged in the research, development, production, sale and related services of sofas, mattresses, panel furniture and furniture accessories. As a flagship enterprise in the Chinese furniture industry, the Group has over 200 self-developed products which are patented and have passed the quality certification. The sofa product under the ¡°CHEERS¡± brand of Man Wah has received the title of ¡°Famous Chinese Brand¡±, while the ¡°Enlanda¡± mattress has been honored as a ¡°Designated Product for Veteran Cadres of the Central Authorities of the State¡±. Thanks to our professional technologies and excellent after-sale services, our products are sold in more than 80 countries and regions.
¡¡¡¡The Group started its business in China formally in 2000, and has become a market leader soon. As at 31 March 2010, the Group has a total of 509 franchised outlets marketing the products of ¡°CHEERS¡± and ¡°Enlanda¡± brands in more than 33 cities in China. What¡¯s more, ¡°Morewell¡±, our furniture chain store, has set up 7 stores in Hong Kong to promote the ¡°Land¡± brand of wooden furniture, which is well received by Hong Kong consumers.