At 5 June 2012, all the Resumption Conditions have been fulfilled and complied with all the Resumption Conditions and resumed of trading in the shares on 11 June 2012. The Group had been reorganised and has adequate resources to continue with sustainable business operations.
The slow recovery of the global economic environment and the moderated market conditions in the mainland China, decrease in demand of second-hand car, increase in competitors and limited license order in mainland China may continue to affect the left-hand-drive motor vehicles business of the Company in the coming year. The Group had incorporated new subsidiaries with independent third parties for trading of right-hand-drive motor vehicles in Hong Kong to expand its business. In addition, the Group has obtained the money lenders licence during the year and commencing the money lending business in late March 2014.
The Directors will use its best endeavors to look for new business and investment opportunities with an aim to broaden the Group’s revenue stream. The Company will also keep on exercising stringent cost control, quality assurance, and expense control to minimize operating costs.