To reiterate that the level is up to HK $1.33-due to the implementation of the capacity development plan as scheduled and the gradual increase in the share of high-end products, it is believed that the world will be able to maintain its strong growth pace in the next three years. Based on the market earnings growth rate of 0.30, we raised our target to HK $1.33 and reiterated our commitment to the world market. There is an increase of 46.2% in the target market.

The International Finance Corporation (IFC), an institution of the World Bank, has completed the purchase of 155 million new shares at HK $0.75 per share (equivalent to 5.63 per cent of the large share capital). IFC shares can help the company to: (1) attract new investors, (2) provide low-cost capital, and (3) provide technical support.

The proportion of high-end alloy sales has increased to boost revenue and improve gross profit margin-high-end rare earth alloy products accounted for 49.9% of the total annuity products in 2013, and the company intends to increase the proportion of rare earth alloy products to 60% in 2014 and to 80% in 2016. Due to its high sales and gross profit margin, the increase in the sales share of rare earth alloys can not only increase revenue, but also greatly improve the gross profit margin.