Vtech 2003 Annual Report Download - page 3

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Corporate Profile
Annual Report 2003 1
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
in connection with the manufacture and sale of its wireline telephones and accessories for the term of the license.
Founded in 1976,VTech had revenue reached US$866.5 million in financial year 2003.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 the US and European markets.With a corporate culture rooted in“Innovation & Technology”,
the Group invested US$31.0 million in R&D in financial year 2003, and launches numerous innovative and high
quality products each year. 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 (Hong Kong SAR) and state-of-the-art
manufacturing facilities in mainland China,VTech currently has a presence in 10 countries and approximately 13,500
employees, including around 720 R&D professionals in R&D centres in 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 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).