With the economic recovery and consumption recovery in Hong Kong, the number of visitors to Hong Kong has also increased steadily, and the retail industry in Hong Kong has benefited from it. Coupled with the rapid economic growth in China, mainland consumers' demand for luxury goods continues to increase, which is more conducive to the business development of high-quality fashion jewelry. The Group will seize these opportunities and accelerate the development of the Group. On the one hand, we will strengthen our sales network in Hong Kong; on the other hand, we will actively enter the mainland of China and the international market at a steady pace, and expand the territory of Liufu to every corner of the world.
Luk Fook Group is committed to providing customers with sincere services with excellent value for money, and expanding into more new fields in various business fields, so as to consolidate its leading position in the jewelry industry in Hongkong, China Mainland and overseas.
Looking forward to the future, all members of the Group will continue to improve corporate governance, create ideal returns for investors and actively meet various opportunities and challenges! The Group is committed to maintaining a high level of corporate governance quality, and the Board of Directors is composed of members with rich business experience and professional knowledge. In addition, the Group has been operating its business on the principle of "ingenuity, service-oriented, and customer first", so that both the Group and its shareholders can obtain the highest benefits.
The Group has set up an audit committee composed of independent non-executive directors to improve the internal monitoring and reporting mechanism, and a remuneration committee (mostly composed of independent non-executive directors) to formulate and review the remuneration system to ensure the protection of shareholders' interests.
In order to maintain transparency, the Group will also explain the company information to shareholders as soon as possible. In addition to real-time release of financial information such as annual report and interim performance report, the performance release will also be broadcast online, so that shareholders can master first-hand information and improve the transparency of the company.
In 2005, Lukfook Group was listed in Forbes, an internationally renowned magazine, and was selected as one of the 200 best listed institutions in the Asia-Pacific region. Among the 22 Hong Kong enterprises selected, Luk Fook Group is the only jewelry retailer in Hong Kong that has won this honor, which affirms its transcendental position in the jewelry industry in Hong Kong and proves that its corporate governance has reached the international level. According to Forbes' evaluation criteria, besides requiring an enterprise to earn an average return of not less than 5% of shareholders' funds in the past five years, it should also have a continuous increase in turnover and profits. This election can show the strength of Liu Fu.