2007 has been another memorable and challenging year for CPCS with strong market demand and volume growth offset by continuously rising food costs. However it was particularly memorable for a quite different reason, that of our 40th anniversary. A cocktail party was arranged and we were delighted to be able to celebrate this milestone with many of our long-standing business partners.

The relationships that we have built together have remained strong and secure through many and varied economic ups and downs throughout this period and even though the competitive environment continues to be challenging I have no doubt that our ongoing relationships will continue to grow and prosper. 

This will be achieved through our philosophy to make CPCS the most admired kitchen in Asia whilst also working in the best interests of all our stakeholders. We recognise that corporate social responsibility is also an important part of our reputation and brand and we will only continue to be successful and sustainable if we continue to display those values with and on behalf of our stakeholders.

These values, we believe, are already being demonstrated through our unreserved commitment to and strong endorsement of all applicable antitrust and competition rules prevailing in Hong Kong. It is obligatory that staff members of CPCS develop and maintain the reputation of the Company in all business dealings ensuring that commercial decisions are fair, unbiased, transparent and accountable.