Turnover represents the invoiced value of goods sold, net of returns and allowances.
Gaojin has yet to achieve profitable operations and so its income tax exemption holiday has not yet commenced. The Board of Directors do not recommend the payment of any dividends for the year ended 31st December, 1999. As the economic condition in the Asian region became stable during the year 1999, the Group's business was gradually in the process of recovery for the year ended 31st December, 1999. The electronic products business still benefited from the continuous growth of the North American market. OEM business with Japanese customers was also under steady development as expected.