Wong Fong Express January 2014 | Page 2

黄 芳 快 报 Foreword Dear Friends and Partners, As we enter a new year and embark on a new chapter of the Wong Fong story, I would like to take this time to reflect on the past year. 2013 marks a few important milestones for us as we celebrate 25 years of incorporation and 49 years of success in this business of servicing and fabrication of heavy commercial vehicles and crane distribution. 2013 was a year of growth for Wong Fong Engineering with the Wong Fong family increasing in number from 160 staff at the start of 2013 to over 200 at the group level as we close the year. It is with great pleasure that I welcome these new additions to our team. The growth in number of our team is due mainly to the increased number of projects by our special projects team, the record sales of 170 units of cranes and 70 units of hooklifts and the start of WFRIC, the research and innovation arm of Wong Fong, which in a short span of time has already filed its first Intellectual Property for Wong Fong thus taking the first step towards our new vision of leveraging on knowledge and expertise. I am also proud to announce a record turnover of over SGD75 million at the close of our financial year. This success coupled with our win at the Enterprise 50 awards in November, is owed entirely to our team and partners for their hard work and support. I thank you all for the efforts put in to make this a successful year for Wong Fong. On a more personal note, some of you know that 2013 has been quite demanding on me due to health issues. I would like to send my heartfelt thanks to everyone for their well wishes during this time and assure everyone that I am on the path to recovery. 2014 marks the start of a new year and a new adventure for Wong Fong. As we prepare for the future, one of the items on our agenda for 2014 is to look at improving our work environment. With the completion of the renovations of 16 Tuas Avenue 6 in 2013 and the pending renovations to improve our office and factory for 79 Joo Koon Circle, we have committed $12 million for the upgrading and are well on our way to making Wong Fong a better place to work in. These upgrading efforts look at maximizing our work space as our business grows and as our team gets bigger. Thus the launch of this bi-yearly newsletter is something that I have been looking forward to, as it gives us the opportunity to share our successes with our staff, trusted partners and clients. I hope that the year of the horse brings good fortune and good health to all of you and your families; and I am excited to see what 2014 has in store for all of us. Yours Sincerely, Jimmy Lew 刘吉富 Chairman 2 newsletter 1.indd 2 11/2/2014 5:15:37 PM