China Fortune Holdings Limited ("China Fortune" or the "Group"), formerly named Fortune Telecom Holdings Limited, mainly distributes mobile phones and digital products, and provides wireless broadband communication solutions in the People's Republic of China (the "PRC") and Hong Kong. Key business partners of China Fortune include Nokia, HTC, Palm, Ruckus, Aruba, Proxim, Sling Media etc.
The Group was established in Hong Kong in 1992. It was first listed on the GEM Board of the Stock Exchange of Hong Kong Limited (Stock code: 8040) on 16th February, 2000, and then successfully shifted to the Main Board (Stock code: 110) on 26th January, 2004. The Group has a strong shareholder background and well operational and professional management team.
The Group is the sole Nokia fulfillment distributor for all Nokia Stores in the PRC. Besides, the Group owns a retail chain in Zhuhai, the PRC for selling mobile phones and telecommunication equipments. The Group also provides integrated distribution services which include sourcing, warehousing, promotional marketing, wholesale, direct selling, retailing and express delivery of mobile phones, PDAs, Wireless LAN and all related accessories.
In 2007, for the sake of business diversification, the Group contracted to acquire a Strontium mining site in the PRC, as its first step in entering the natural resource industry. This mining site is expected to become one of the Group's core business segment soon in the future.
Customers and major business partners include CSL, Smartone-Vodafone, PCCW, China Mobile, China Unicom, Hong Kong Government authorities, wholesalers, resellers, retailers, internet service providers, operators and corporate customers.
The corporate culture of the Group rests on the integration of the West and the East, modern and traditional management philosophy, with an aim to build up a "Continuous Learning Enterprise". The corporate spirit of China Fortune focuses on "Human Enterprise". Under the leadership of its aspiring and energetic management, China Fortune's staff will team up and move towards the Group¡¦s goal of ranking as one of the largest and best wireless communication and data products and services providers in the region, as well as a fast-growing enterprise in the field of natural resources.
updated as per 2007 Annual Report
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