Chairman’s Statement

Dear Shareholders,

On behalf of the board (the “Board”) of directors (the “Directors”) of Green International Holdings Limited (the “Company” and its subsidiaries, the “Group”), the Group had been loss-making since the financial year ended 31 December 2013. Since June 2017, the new management has been conducting an internal review of the Group’s operations and key assets and liabilities items, adopted cost-control measures with the view of stopping losses and increasing enterprise efficiency, and sought to strengthen the Group’s financial position through debt and equity fund-raisings. With the completion of the issue of convertible bonds in the principal sum of HK$147.2 million and the acquisition of Charm Eastern Limited in the first quarter of 2018, the new management is hopeful for a year ahead with a more solid capital base and better cash flow from operations.

On behalf of the Board, I would like to express our sincere thanks to our colleagues for their efforts and commitment.

Yu Qigang
Chairman of the Board