The Group regards corporate social responsibility as an important part of its business. Hence, the Group has been participating in various activities organised by the local community that are proximate to its factories. Apart from providing on-the-job training to the people in the rural neighbourhood, the Group has been contributing to community at large through participations in various local community projects and charitable events.
 

GOING FORWARD AND PROSPECTS
We have been growing in tandem with increasing globalisation including the cost attached to it. Although our revenue is increasing each year, we grapple with rising cost of materials, rising energy cost and oil-related materials, rising customers’ expectations, volatile US dollar and fl uctuating economic conditions in major markets where we sell our products. Whilst the previously set organic growth and strategies appeared challenging, they had been progressively attained. Rationalisation and improvement initiatives on our Malaysia and Thailand plants, in order to improve operational effi ciency and productivity, are one of our priorities in the coming year. Expansion in Vietnam remains our main focus.
Our cautious tone stays: There have been recent market talk of lagging consumer spending as a result of the sub-prime mortgages crisis in the US – apparently everyone is waiting for a spate of measures to be announced. While we may not be totally immune from such lingering effects, we are trying to use our past experience and knowledge to explore ways to mitigate against any negative effects.

ACKNOWLEDGEMENTS

Even as we look forward, we wish to record our sincere appreciation to all our valued shareholders, customers, business partners and associates for their continuing support and trust to the Group and more notably, faith in us. Our appreciation also goes out to the Management and employees at all levels for their passion, commitment and hard work. On behalf of the Board and the Company, we also wish to render the warmest welcome to Mr Yek Siew Liong who has been appointed to the Board on 18 May 2007.

Dato’ Haji Shaharuddin Bin Haji Haron                      Mr Lin, Tzu-Keng
Chairman                                                                   Managing Director