Inside Cover / 76
1 Financial Highlights
2 Letter to Shareholders
6 Group Strategy
8 Management Discussion and Analysis
Financial Review
Review of Operations
16 Products and Services Overview
22 Year in Review
24 Sustainability
VTech is the global leader in electronic learning products from infancy to preschool and the
world’s largest manufacturer of cordless phones. It also provides highly sought-after contract
manufacturing services. Founded in 1976, VTech’s mission is to design, manufacture and
supply innovative and high quality products in a manner that minimises any impact on the
environment, while creating sustainable value for its stakeholders and communities.
With headquarters in the Hong Kong Special Administrative Region and state-of-the-art
manufacturing facilities in China, VTech currently has operations in 11 countries and regions.
It employs approximately 30,000 employees, including around 1,500 R&D professionals in R&D
centres in Canada, Germany, Hong Kong and China. This network allows VTech to stay abreast
of the latest technology and market trends throughout the world, while maintaining a highly
competitive cost structure.
The Group invests significantly in R&D and launches numerous new products each year.
VTech sells its products via a strong brand platform supported by an extensive global
distribution network of leading traditional and online retailers.
Shares of VTech Holdings Limited are listed on The Stock Exchange of Hong Kong Limited
(HKSE: 303).
CONTENTS
CORPORATE PROFILE
30 Investor Relations
33 Corporate Governance Report
38 Directors and Senior Management
40 Report of the Directors
44 Independent Auditor’s Report
45 Consolidated Financial Statements
48 Notes to the Financial Statements
71 VTech in the Last Five Years
72 Corporate Information