Introduction

In the year 2002 when Hong Kong's economy has experienced tremendous difficulty due to global economy slow-down and the severe competition from Mainland China especially in manufacturing sector, a group of elite industrialist mainly from the small and medium sized enterprises in electronic and information technology sector founded America Hong Kong Electronics Association ("AHKEA") with a view to rebuilding the economic infrastructure, to unite the force of the electronic industry so as to contributing to the prosperity and stability of Hong Kong.

Whereas AHKEA serves as a robust information platform to its members, allowing multi-facet communication, co-operation, and freely exchange of marketing information, technological development and products information amongst its members, Total Solutions Limited is formed with the objective of promoting and further development of electronic industry by providing total solution to members of AHKEA and companies engaging in electronic and information technology in Hong Kong, America and the world at large.

Total Solutions Limited will operate under commercial principle and it seeks to achieve profitability in carrying out its business activities. 

Mission

The mission of Total Solutions Limited is to achieve profitability and continual growth by providing total solution to members of AHKEA and companies engaging in electronic and information technology in Hong Kong, America and the world at large by uniting their powers, resources, marketing intelligence, research and development capability, products knowledge and production technology for mutual benefits of AHKEA members and the Hong Kong electronic and information technology industry as a whole.
 

Business Activities and Sources of Revenue

Total Solutions Limited intended to operate as a profit making company, it derives from carrying out the following activities:

1. Royalty receipt from rendering total solution to AHKEA members.

2. Commission receipt as service provider or agent

3. Consolidated purchases for AHKEA members

4. Direct Investment in AHKEA members' project

Members

The members of Total Solutions Limited are mainly drawn from members of the Hong Kong America Electronic Association who may participate one of the solution groups of the association.  Members share the same interest and work as a team for common good.  Leveraging not only on the strength and capability of their own solution group but also the strength, resources, capability and knowledge of the others, it ensures the success of potential projects with minimum risk, maximum efficiency and return.

In order to be qualified as a member of the Company, prospective member is required to register as a member of the Hong Kong America Electronic Association and had subscribed shares of the Company.

Each member will participate in the running of the Company, making contribution and shares the fruit of the success of the Company.
 

Organization and Company Structure

Total Solution Limited is intended to restrict its membership to AHKEA members only and serves their benefits.  The business of the Company is carried out by interested AHKEA members who become a member of Total Solutions Limited by subscribing shares of the Company.

The Company is incorporated as a limited liability private company with membership limited to 50 in accordance with the Company Ordinance of Hong Kong.

The initial capital of the Company is HK$100,000 but this will be increased as more AHKEA members join as shareholder of the Company.

The Company is affiliated to AHKEA, and will establish relationship with many other friendly associations such as Hong Kong Electronics Industries Association, Hong Kong Optoelectronics Association, Hong Kong Critical Components Manufacturers Association and Federation of China Telecommunication Businesses Ltd. as well as Governmental and industry bodies.

Management and Corporate Governance

The business of Total Solutions Limited will be managed by its own members.  The ultimate power of the Company vests with the shareholders in shareholders meeting, annual general meeting and any other meeting as and when required.

A Board of Directors will be appointed by shareholders which will be responsible for the business strategy, policy and direction of the Company and provide over-sights on the day to day operations.  A chairman is chosen amongst Directors to preside over the Board of Directors meetings.

A Management Board complying mainly of Non-executive Directors serves as internal control mechanism to provide an over-all oversight on the Company management and operations.

The Board of Directors shall appoint one of their peer or outsider as Managing Director to be responsible for the day to day operations and execution of businesses.

At the least a quarterly report is required to be prepared by the Managing Director and to submit it to the Board of Directors for review and deliberation.
 

Source of Finance and Capital

The initial capital will be provided by the members of the Company.  It is expected that the initial recruitment of members will gather a capital of about HK$2,000,000.

Future working capital requirements may be met by bank financing and on the credit term given by business partners.
 

Road Map for the Future

Step 1  -   Total Solutions Limited is expected to operate as a profitable Company.
Step 2  -   The Company achieves growth organically through profit making and by attracting more AHKEA
                   members’ participation.  The growth of AHKEA will result in growth of Total Solutions Limited and
                   Vice Versa.|
Step 3  -   Opportunity to achieve rapid growth through collaboration, acquisition and merger with, or direct
                  investment in, AHKEA members business.
Step 4  -   When membership reaches the maximum imposed by the Company Ordinance, the natural route  
                  is  to list the Company on either the GEM or the main board of the Hong Kong Stock Exchange.

Existing Shareholders

 Group picture taken on Feb 17, 2003

First product - UPDX

Inquiry Contacts:

Mr. Alan Kan              Tel: (852) 6038 4673     
Mr. Ivan Ho                 Tel: (852) 9011 7670
Mr. Franics Wong       Tel: (852) 9833 9881

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