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| As the first listed company in Chinese sewing machinery industry, SGSB has undergone 15 years' development in the security market. During these years, although SGSB experienced ups and downs, underwent resplendence and setback,it has never given up its resolution to strive for world class standard and its pursuit for pushing development of Chinese sewing machinery industry. |
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| Chairman&CEO Mr.ZhangMin |
| In such spirit, SGSB is now setting up and implementing its strategy for transnational operation. In face of various internal and external changes, we deeply feel that it will be full of both challenges and opportunities for SGSB in the year 2008, as we are implementing the new-round reform and restructure. Acquisition of Duerkopp Adler AG signals the first and important step of implementing SGSB's main strategy of “going out” to speed up industrial upgrade and build top international brand. We are determined and convinced that by taking advantage of both domestic and international resource, integrating synergy effect of Europe and Asia, we could realize excellent performance and win respect in the highly-competitive international sewing machinery industry. Meanwhile, after restructure with SMPIC Corporation to develop office equipment and photo film JV business, SGSB will try to achieve better investment return and to become high quality listed company. In the principle of speeding up adjustment, achieving breakthrough and striving for development, my colleague and I believe that SGSB will bring surprise to all investors in the near future. | |
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