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1
VTech Holdings Ltd Annual Report 2004
Corporate
Profile
Corporate Profile
VTech is the largest supplier of corded and cordless phones in North America and a leading supplier
of electronic learning products in North America and Europe. It also provides highly sought-after
contract manufacturing services. VTech is a pioneer in the establishment of China-based
manufacturing facilities and sells its products via a strong brand platform supported by a
distribution network of leading retailers in North America, Europe and Asia.
Founded in 1976, VTech has a corporate culture rooted in
“Innovation & Technology”. The Group invested US$33.2 million in
R&D in the financial year 2004 and launches numerous innovative
and high quality products each year. 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
20,000 employees, including around 730 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.
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, as well as data networking products and accessories
for the term of the license. In addition, VTech has also concluded
licensing agreements with Disney, Warner Brothers, Marvel, American
Greetings and Brainy Baby that allow it to use well-known children’s
cartoon characters on certain electronic learning products,
including the cartridges for V.Smile TV Learning System.
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).