Sunday, May 3, 2009

Chaoda's largest supplier

From the 07/08 Annual report. The chairman Kwok owns 95% of the largest supplier to Chaoda!


Percentage of total purchases
The largest supplier 42%
Five largest suppliers in aggregate 61%

Percentage of total sales
The largest customer 3%
Five largest customers in aggregate 13%

The largest supplier of the Group, Fujian Chaoda Trading, is a 95% owned subsidiary of Fujian Chaoda Group Limited,
a limited company incorporated in the PRC, which is owned as to 95% by Mr. Kwok Ho, the Chairman and an
executive director of the Company.