EQS-News / 24/10/2016 / 19:42 UTC+8
*FOR IMMEDIATE RELEASE*
*Chow Tai Fook Clinches "Best New Entry" in HKMA 2016 Best Annual Reports
Awards*
(Hong Kong, 24 October 2016) Chow Tai Fook Jewellery Group Limited ("Chow Tai
Fook" or the "Company"; collectively with its subsidiaries, the "Group"; SEHK
stock code: 1929), a Hong Kong Main Board listed company with 87 years of
heritage, is pleased to announce that the Group has won the "Best New Entry"
in the general category at the 2016 Best Annual Reports Awards competition
held by the Hong Kong Management Association ("HKMA"). The Group participated
in the competition for the first time and was rated the highest among new
entries.
Chow Tai Fook Finance Director and Company Secretary, Hamilton Cheng,
remarked, "We are delighted to receive the recognition from HKMA. We have been
continuously enhancing our annual reports aiming to provide our stakeholders
with transparent information. We started using an integrated approach to
provide a holistic view of our performance to our readers."
The Group's FY2016 annual report marks a new step towards a more strategic
focused, key performance indicator ("KPI") driven and visualised presentation,
while a standalone corporate social responsibility report was also firstly
published in the same financial year. Themed with "Smart +" and "innovation",
its FY2016 annual report was enhanced to present a more comprehensive and
concise account of the Group's performance and management's strategic
initiatives on both financial and non-financial aspects. For example, major
risk factors and control measures, in tandem with major social and
environmental initiatives were illustrated, an exceptional practice in the
annual reports of most Hong Kong listed companies, to facilitate a balanced
assessment on the Group.
The Group's Managing Director, Kent Wong, said, "Transparency, accountability
and integrity are key to our corporate governance practices."
The HKMA Best Annual Reports Awards competition has been held annually since
1973. With a panel of adjudicators comprising cross-discipline professionals
in the fields of accounting and finance, academics and design, it aims to
encourage the publication of timely, accurate, informative and well-presented
annual reports for stakeholders, and to recognise and honour companies and
organisations for their achievement in producing such reports. Judging
criteria of the annual reports in the general category include compliance with
accounting standards, conformity with the disclosure requirements of the Hong
Kong Stock Exchange and Hong Kong Companies Ordinance, general presentation,
understandability, provision of summary of past results and highlights, level
of details in management discussion and analysis, indications of prospects,
reporting of corporate social responsibility information and promptness of
reporting.
*PHOTO CAPTION*
Chow Tai Fook Finance Director and Company Secretary Hamilton
Chengreceives the "Best New Entry" award from the Hong Kong
Management Association
- End -
*Chow Tai Fook Jewellery Group Limited *
Chow Tai Fook Jewellery Group Limited (Stock Code: 1929) was listed on the
Main Board of The Stock Exchange of Hong Kong in December 2011.
The iconic brand "Chow Tai Fook" of the Group has been widely recognised for
its trustworthiness and authenticity, and renowned for product design, quality
and value. The acquisition of Hearts On Fire, an internationally acclaimed
U.S. premium diamond brand, in August 2014 has further underpinned the Group's
stature as a diamond expert in the industry.
The Group boasts an extensive retail network comprising over 2,300 Chow Tai
Fook and Hearts On Fire stores spanning more than 500 cities in Greater China,
Singapore, Malaysia, Korea and the United States, as well as a strong and fast
growing e-tail network through operating its Chow Tai Fook e-Shops and various
e-tail accounts on other online shopping platforms.
The Group's sophisticated vertically integrated business model provides it
with an effective and tight control over the entire operation chain from raw
material procurement, design, production, to marketing and sales through its
extensive POS and e-tail channels.
______________________________________________________________________________
__
*Media Enquiries:*
*Chow Tai Fook Jewellery Group Limited *
Danita On Peony Sze
Director, Investor Relations and Manager, Investor Relations and
Corporate Communications Corporate Communications
Tel: (852) 2138 8501 Tel: (852) 2138 8337
Email: danitaon@chowtaifook.com Email: peonysze@chowtaifook.com
Picture: http://n.eqs.com/c/fncls.ssp?u=HUOIAKJWBR [1]
Subtitle: Chow Tai Fook Finance Director and Company Secretary Hamilton Cheng
receives the 'Best New Entry' award from the Hong Kong Management Association
Document: http://n.eqs.com/c/fncls.ssp?u=MAJWIHYDRV [2]
Document title: Chow Tai Fook Clinches 'Best New Entry' in HKMA 2016 Best
Annual Reports Awards
Key word(s): Miscellaneous
24/10/2016 Dissemination of a Press Release, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Media archive at www.todayir.com
513881 24/10/2016
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=2be79864da5d04ebd9fe24ab6275d907&application_id=513881&site_id=vwd&application_name=news
2: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=47facf4dc3448cd8f0c8ee0cefa2f3fa&application_id=513881&site_id=vwd&application_name=news
(END) Dow Jones Newswires
October 24, 2016 07:43 ET (11:43 GMT)
