NVC Speed.doc

 PAGE \* MERGEFORMAT 13 NVC Speed The end of 1998, when the 33-year-old Wu Yangtze River in Chongqing who decided in the lighting industry, the second start, his hand start-up capital has been more than five years ago, when the first venture far enough - he and two high school students to gather sufficient 1 million yuan per person each one-third of the shares of NVC Industrial Development Co., Ltd. was established. In 1993, he founded a lighting company is looking for a six shareholders can only cobble together the 100 thousand yuan. Despite one million, has accumulated a number of industry experience, but facing the external market environment has become more complex. That time, Philips, Osram, Panasonic and other multinational giants have gradually entered the lighting industry in China, which accounted for most of the high-end market. The local enterprises such as Foshan Lighting, TCL, etc. Although the strength of weaker, but in the low-end market, begin to exert. In this market as a whole to reach a capacity of more than 100 billion industry, the newly established industrial NVC there is no advantage, while the original mode of operation is also no features, and most small businesses, like the Pearl River Delta region, NVC for a long period of time is also depend on OEM production for foreign companies to live. But seven years later, this is located in Huizhou, Guangdong Province, or the success of the company’s role transformed from the OEM has become one of the few in the industry with their own brand of the company, while the company’s sales, but also from the initial number reached 1 million in 2004 to 6 million, an average annual growth rate of 80%, while the lighting industry average growth rate of 20%. Especially in the last year, Ng, Managing Director of the Yangtze River to participate in one of Hong Kong, when the General Assembly on investment has also been an investment agency fancy, which is designed for the NVC in the Nasdaq-listed shell