Future Plan and Use of Proceeds
FUTURE PLANS AND USE OF PROCEEDS
F UTURE PLANS AND PROSPECTS
A1A(34)(1)
(a)-(c)
The Group has been successfully capturing market share in the rechargeable battery industry in the past. Last year was a record-breaking year for the Group in terms of sales and profits. The Directors believed that this momentum has continued this year and the Group will continue to stay at a prominent position in the rechargeable industry both worldwide and in the
PRC.
The Group is positioned to become a global power solution provider with a mission to become the largest rechargeable battery producer and gradually diversify into other high growth areas which will leverage on the existing strengths of its rechargeable battery operation. The Group is planning to achieve this mission through the following growth strategies: 1.
Achieving growth through expanding its existing operation scale and diversifying into other high growth areas which will leverage on the Group ’s existing strengths.
Currently, the Group is planning to develop five main projects:
(i)
expansion of the production capacity and research and development of products in connection with Li-ion batteries, in particular, prismatic and cylindrical batteries and LIP batteries;
(ii)
development and manufacture of chemical compounds, used in providing Li-ion batteries; (iii) research, development and production of rechargeable batteries for electric vehicles, including batteries for pure electric vehicles (PEV), hybrid electric vehicles (HEV) and electric bicycles;
(iv) research, development and production of fuel cells and solar cells; and
(v)
2.
research, development and production of display products for mobile phones, including monochrome and colour STN-LCD panels and modules.
Strengthening market leadership position both worldwide and in the PRC
The Group intends to gain more market share through more aggressive sales and marketing efforts.
The Group aims to maintain
F UTURE PLANS AND PROSPECTS
A1A(34)(1)
(a)-(c)
The Group has been successfully capturing market share in the rechargeable battery industry in the past. Last year was a record-breaking year for the Group in terms of sales and profits. The Directors believed that this momentum has continued this year and the Group will continue to stay at a prominent position in the rechargeable industry both worldwide and in the
PRC.
The Group is positioned to become a global power solution provider with a mission to become the largest rechargeable battery producer and gradually diversify into other high growth areas which will leverage on the existing strengths of its rechargeable battery operation. The Group is planning to achieve this mission through the following growth strategies: 1.
Achieving growth through expanding its existing operation scale and diversifying into other high growth areas which will leverage on the Group ’s existing strengths.
Currently, the Group is planning to develop five main projects:
(i)
expansion of the production capacity and research and development of products in connection with Li-ion batteries, in particular, prismatic and cylindrical batteries and LIP batteries;
(ii)
development and manufacture of chemical compounds, used in providing Li-ion batteries; (iii) research, development and production of rechargeable batteries for electric vehicles, including batteries for pure electric vehicles (PEV), hybrid electric vehicles (HEV) and electric bicycles;
(iv) research, development and production of fuel cells and solar cells; and
(v)
2.
research, development and production of display products for mobile phones, including monochrome and colour STN-LCD panels and modules.
Strengthening market leadership position both worldwide and in the PRC
The Group intends to gain more market share through more aggressive sales and marketing efforts.
The Group aims to maintain