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TdA - concept, design and production tda.com.hk
CORPORATE PROFILE
VTech is one of the world’s largest suppliers of corded and cordless telephones and electronic learning products. It also
provides highly sought-after contract manufacturing services. Founded in 1976, the Group’s mission is to be the most
cost effective designer and manufacturer of innovative, high quality consumer electronic products and to distribute
them to markets worldwide in the most efficient manner.
With headquarters in the Hong Kong Special Administrative Region and state-of-the-art manufacturing facilities in
mainland China, VTech currently has a presence in 11 countries and approximately 27,000 employees, including around
1,600 R&D professionals in R&D centres in Canada, Hong Kong and mainland China. This network allows VTech to stay
abreast of the latest technology and market trends throughout the world, while maintaining a highly competitive
cost structure.
The Group invests significantly in R&D and launches numerous new products each year. VTech sells its products via a
strong brand platform supported by an extensive distribution network of leading retailers in North America, Europe
and Asia Pacific. Apart from 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 corded and cordless telephones.
Shares of VTech Holdings Limited are listed on the Stock Exchange of Hong Kong Limited (HKSE: 303). Ordinary shares
are also available in the form of American Depositary Receipts (ADRs) through the Bank of New York Mellon
(ADR: VTKHY).
COVER STORY
At VTech, innovation is not just a word,
it’s something we bring to life every
day in our work. Our goal is always to
create products that make the world
more enjoyable for everyone, making
a better tomorrow.
本年報備有中文譯本，請向位於香港皇后大道東 號合和中心 樓 室香港中央證券登記有限公司索取。本報告書及賬目之中文譯本
與英文本如有任何歧義，概以英文本為準。
CONTENTS
1 Financial Highlights
2 Letter to Shareholders
5 Management Discussion and Analysis
8 Business Overview
10 Review of Operations – Telecommunication Products
12 Review of Operations – Electronic Learning Products
14 Review of Operations – Contract Manufacturing Services
16 Corporate Affairs
20 Year in Review
22 Corporate Governance Report
25 Directors and Senior Management
29 Report of the Directors
33 Independent Auditor’s Report
34 Consolidated Financial Statements
35 Notes to the Financial Statements
58 VTech in the Last Five Years
59 Corporate Information
60 Information for Shareholders