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Future Prospects<\/strong><\/p>\r\n

The Board of Directors believe that the new production line enables Hong Wei to produce customised particleboards and is able to expand its market share and strengthen its market position in the industry with the wider product mix. Large scale production and offer of high quality particleboards can contribute to the Group's positive market reputation and brand recognition. Being an environmentally friendly enterprise will strengthen Hong Wei's reputation in the industry.<\/p>\r\n

With the expanded production capacity from the new production line, up to the Latest Practicable Date, the Group has entered into sales letter of intent with 15 customers to secure indicative orders of approximately 134,000 m3 of particleboard for the year ending 31 December 2014.<\/p>\r\n

Mr. Wong Cheung Lok, Chairman, Executive Director and Chief Executive Officer of Hong Wei, said, \"With our competitive products, wide product mix and long-term customer relationships, Hong Wei has enjoyed growth in our business and market recognition. Looking forward, we will continue to expand our product range and sales network, strengthen our research and development, and consolidate our brand recognition.\"<\/p>"]; $("#dvExtra").html(content_array[0]);})();