Man Wah Secured USD1.8 Million Orders from its Maiden Participation in Birmingham Fair

2011-02-14 15:07 1984

HONG KONG, BEIJING and SINGAPORE, Feb. 14, 2011 /PRNewswire-Asia/ --

  • First time attended "Interiors 2011" Exhibition in Birmingham and secured outstanding orders
  • Exports demand remain strong amidst recovery in global economy

Man Wah Holdings Limited ("Man Wah" or the "Company", together with its subsidiaries the "Group", HKEx stock code: 1999), an award-winning Chinese enterprise with its "CHEERS" brand of recliner sofas, participated in the UK largest exhibition "Interiors 2011" in Birmingham, UK from Jan 23 to 26, 2011, which provided the most innovative ideas and concepts for the forthcoming year.

It is the Company's maiden participation in the Birmingham Fair.

During the fair, the Company has received more than USD1.8 million orders predominately from new customers. This represented approximately in excess of 100 containers and displayed the overwhelming demand and increasing popularity of "CHEERS" recliner sofa. It also demonstrated the strong growth in the Group's export sales as they constantly secure new customers from the European market.

"Interiors 2011" is a unique opportunity for leading interiors manufacturers and suppliers, designers and architects, to compare an array of leading products from furniture, lighting, soft furnishings and accessories, from high-end to volume and traditional to modern for both the contract and home. It attracted more than 600 exhibitors with 70 new ones, including big brands, international trend-setters and the stars of tomorrow.

Mr. Wong Man Li, Chairman and CEO of Man Wah said, "We are very inspired to achieve strong orders from our maiden participation during the 4-day exhibition. This highlighted to us tremendous opportunities in the UK and European markets. In 1H FY2011, Man Wah achieved over 70% of our revenue from the oversea markets, and Europe is our second largest export market. We will continue to enhance our brand presence in oversea markets as we accelerate into the international arena."

"Every year Man Wah attends at least eight major furniture trade fairs globally as this is our most important means of marketing in oversea markets. In the future, we will participate in more major fairs around the world, to expand CHEERS awareness both in domestic and oversea markets," he concluded.

About Man Wah Holdings Limited (Hong Kong Stock Code: 1999 HK)

Established in 1992, Man Wah Holdings Ltd. is a home furnishing group, primarily engaged in the design, manufacture and sale of a broad range of mid to high-end recliner sofas (specialty sofas with features such as recline and footrests), which are sold through extensive distribution channels in Hong Kong and the PRC, and direct export to the international market such as U.S.A. and Europe under its well-known brand - "Cheers". Man Wah is the No.1 recliner sofa manufacturer and retailer in the PRC and No.8 in U.S.A.

The "Cheers" brand had received the prestigious China Top Brand award in September 2007 from the PRC authorities. The Group currently operates two sofa and one bedding production facilities in the PRC. With the completion of Phase III of its Huizhou Daya Bay plant by early February 2011, total sofa production capacity for the Group will stand at 816,000 sofa sets per annum to meet the growing demand from its expanding clientele base.

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For further information, please contact:

Man Wah Holdings Limited

Ms. Vivien Ho, Investors Relations
Tel: +852-3915-2289

Aries Consulting Limited

Ms. Frances Leung
Tel: +852-2610-0846

Mr. Kent Lo
Tel: +852-2610-0846

Mr. Mark Lee
Tel: +852-2610-0846

Fax: +852-2610-0842

Source: Man Wah Holdings Limited