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Brand & Market
Man Wah Garners Multiple Accolades at HKIRA Investor Relations Awards    2016-05-25

(Hong Kong-25 May 2016) - Man Wah Holdings Limited (“Man Wah” or the “Group,” stock code: 1999) today announced that the Group has garnered the “Best IR Company – Mid Cap”, “Best IR by Chairman/ CEO – Mid Cap” and “Best IR by CFO – Mid Cap” awards at the second Investor Relations Awards (“IR Awards”) organised by the Hong Kong Investor Relations Association (“HKIRA”). Winning these awards demonstrates the Group’s excellent performance in enhancing its corporate governance standards and its commitment to upholding the best investor relations practices. 

Since its establishment in 2008, the HKIRA has been committed to promoting excellence in IR practices and setting world-class IR standards for companies listed on the Hong Kong Stock Exchange. The IR Awards aim to recognise and honour excellence and best practices in investor relations among Hong Kong-listed companies and IR professionals. Nominated companies and individuals were evaluated in an online survey conducted earlier this year, where local and international buy-side and sell-side analysts and fund managers selected the winners. Nominees with the highest votes in each category became the award winners. 

Dr Wong Man Li, Chairman of Man Wah, said, “We are honoured to have won multiple IR Awards amid intense competition, which reflects the recognition for our efforts in investor relations. We would like to thank our friends from the investment sector who cast their vote for us. We have emphasized the importance of effective communication with investors over the years, and have deployed different communication channels including issuing voluntary announcements, regularly holding global non-deal road shows, investor meetings and presentations and participating in analyst gatherings to enhance the transparency of the Group’s information disclosure. These initiatives have facilitated a clear and accurate understanding of the Group’s business among the investment sector, and have ensured their understanding and support to our business directions. Looking ahead, we continue to strive to attain the highest standard in investor relations.” 

About Man Wah Holdings Limited (HKEx stock code: 1999) 

Established in 1992, Man Wah Holdings Limited is a home furnishings group, primarily engaged in the design, manufacture and sale of a broad range of mid- to high-end recliner sofas, which are sold through extensive distribution channels in Hong Kong and the PRC, and directly exported to international market such as the USA and Europe under its well-known “CHEERS” brand. Man Wah is the No.1 recliner sofa manufacturer and retailer in the PRC and No.3 manufacturer in the USA. 

The “CHEERS” brand received the prestigious China Top Brand award in September 2007 from the PRC authorities. The Group currently operates four sofa production facilities in the PRC, including Huizhou, Wujiang in Jiangsu Province, and Tianjin. The Group has an annual production capacity of 1.386 million sofa sets. In 2014, the Group was included in “Asia’s 200 Best Under A Billion” (revenues under $1 billion) list for the third time by the leading business magazine, Forbes. The Group has been included in the Hang Seng Composite MidCap Index since 8 September 2014 and in the Hang Seng Corporate Sustainability Benchmark Index since 14