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VTech Holdings Ltd Annual Report 2001
1
Corporate
VTech
Profile
is a leading consumer-focused technology company
which designs, manufactures, markets and sells
telecommunication and electronic learning products through its extensive
international distribution network. With its excellence in technology
manufacturing, the Group also engages in contract manufacturing services.
The VTech brand has become a global brand and the Group has rights to use
the AT&T brand on wired telephone products.
Founded in Hong Kong in 1976, VTech is today a global company with annual
sales over US$1 billion. The Group’s high frequency cordless phones enjoy
dominant market share in the US while the VTech brand electronic learning
products represent a prominent label in all major markets. With its corporate
culture rooted in “innovation & technology”, the Group invested over US$66
million in research and development in the financial year 2001. It launches more
than 80 innovative and high quality products each year. VTech’s strengths in
product development and manufacturing enable it to focus on the higher margin
segments of its particular markets. The Group intends to exploit this advantage
through an increased emphasis on marketing.
With headquarters in Hong Kong, VTech has a presence in 13 countries and
around 20,000 employees, including over 1,000 R&D professionals in research
and development centres in the US, Canada, Hong Kong and China. This
network allows it to stay abreast of the latest technology and market trends
throughout the world.
Shares of VTech Holdings are listed on both the Hong Kong and London stock
exchanges (SEHK:303; London SE:VTH). Ordinary shares are also available in
the form of American Depository Receipts (ADRs) through the Bank of New
York (ADR: VTKHY).
VTech has successfully built a business based on its vision of enriching lives
through putting technology into the hands of people.
1
VTech Holdings Ltd Annual Report 2001