Investor Relations

Competitive Strengths

  1. Established track record in the furniture industry and well recognised for the quality of our furniture products
    • Track record of approximately 40 years in the furniture industry
    • Long-standing relationships with customers and agents
    • Repeat business accounted for >80% of revenue for FY2016
    • Core competencies in customisation, design and manufacture of wooden furniture

  2. Strong in-house design and development capabilities
    • In-house design team recruited based on stringent criteria, including market and industry knowledge and design skills
    • Aim to continually introduce unique and innovative designs that appeal to consumers, and to keep up with trends in the market and stay competitive

  3. Established subcontractor network
    • Reduces manpower reliance and costs
    • Supports various production processes
    • Bulk purchases of raw materials required by us and our subcontractors allows us to enjoy cost efficiencies and able to control quality of raw materials used
    • Close proximity with subcontractors shorten transportation time and allow close monitoring of product quality & work progress
    • As at the Latest Practicable Date, we work with 19 subcontractors, some of which have worked with us for more than 10 years

  4. Consistently strive to be cost-competitive, efficient and to turn around products quickly
    • Maintaining sufficient raw material inventories
    • Incorporating automation into production processes
    • Implementing an integrated process management system (LY-6M system)

  5. Experienced and committed management team
    • The Group is led by a capable and experienced management team, helmed by our Executive Chairman