Vtech 2002 Annual Report Download - page 3

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Corporate Profile
VTech is one of the world’s leading consumer-focused technology companies which
designs, manufactures, markets and sells telecommunication and electronic learning
products through an extensive international distribution network. With its excellence in
technology manufacturing, the Group also provides highly sought-after contract
manufacturing services. In addition to the well-known VTech brand, the Group has the
rights to use the AT&T brand on certain telecommunication products.
Founded in 1976, VTech‘s sales reached US$959.8 million in the financial year 2002.
The Group’s high frequency cordless phones enjoy dominant market share in the United
States while VTech brand electronic learning products are a prominent label in both the US
and European markets. With a corporate culture rooted in “Innovation & Technology”, the
Group invested US$33.0 million in R&D in the financial year 2002, and launched more than
80 innovative and high quality products. Its customer-centric approach has cemented close
relationships with leading retailers and built brand loyalty among consumers of all ages.
With headquarters in the Hong Kong Special Administrative Region and state-of-the-art
manufacturing facilities in mainland China, VTech currently has presence in 10 countries and
approximately 17,500 employees, including over 740 R&D professionals in R&D centers in
the United States, Canada, Hong Kong SAR and mainland China. This network allows VTech
to stay abreast of the latest technology and market trends throughout the world.
Shares of VTech Holdings Limited are listed on both the Hong Kong SAR 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).
Annual Report 2002 1Annual Report 2002 1