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Listed Once Again in “Forbes Asia’s 200 Best Under A Billion”

Town Ray is pleased to announce that the Company was once again listed in the annual "Forbes Asia's 200 Best Under A Billion" by the internationally renowned financial magazine "Forbes". The Company first made it on the list back in 2020. The Group’s second success this year proves its capabilities and strong performance were well-recognized by market authorities.

The “2022 Forbes Asia's 200 Best Under A Billion" spotlights 200 among approximately 20,000 high-performing and publicly listed small and midsized companies in the Asia-Pacific region with revenue under US$1 billion. Companies with exemplary and sustainable development performance in metrics including sales and profit growth, low debt levels and robust governance are chosen. This year, only 4 listed companies in Hong Kong were included in the list. Town Ray’s inclusion despite such fierce competition shows that the Company’s operations, financial situation, and corporate management are all of an international calibre, and is a company deserving the attention of international investors.

Chief Executive Officer and Executive Director of Town Ray Holdings Limited, Mr. Chan Wai Ming Eric, said, “we are grateful to Forbes’ judging committee for their acknowledgement of Town Ray. The operating environment in the past year was not easy. The resurgence of the pandemic and exacerbation of geopolitical tensions have brought tremendous challenges. Riding on our five core values of providing the Best Design, Best Value, Best Quality, Best Communication, and Best Service, Town Ray continued to deliver exemplary results. All of the Group’s employees shall see this recognition as an encouragement to proactively and continually drive business development. The Group shall enhance its competitiveness and grasp global market opportunities, to continue to provide high-quality electrothermic household appliances to our customers and end consumers, creating greater value to the Company’s shareholders and investors.”

Full list of the “2022 Forbes Asia's 200 Best Under A Billion":
https://www.forbes.com/lists/asia200/?sh=58ae6a842772