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ListCo Excellence Awards 2022

Town Ray is honored to be awarded again the "ListCo Excellence Awards" by am730, PR Asia and PhoenixNet Hong Kong Stocks for the third consecutive year. This Award is definitely a great recognition of the Company's development and corporate governance. It also highly motivates our colleagues to strive for higher achievements.

Since its establishment, Town Ray has been committed to developing its core business and competitive advantages. Over the years, the Group's product range and competitiveness have been greatly enhanced by the innovative development and application of its core technology, "thermodynamics" into different product types. Such a move led the Group to become an advanced product developer specializing in mid-to-high-end diversified products with more than 80 technology patents. Meanwhile, Town Ray has also successfully transformed into vertical manufacturing, which not only reduces production costs but also makes the supply chain more stable and the production process more flexible, which in turn greatly enhances the Group's market competitiveness. The upgrading and transformation have enabled the continuous business growth of Town Ray. In addition, despite the challenges of the global economy in recent years, Town Ray shows its strong resilience to sustainable development, which has been recognized by various internationally renowned authoritative institutions.

The "ListCo Excellence Awards 2022" award presentation ceremony was held on November 29, 2022, at the Shangri-La Hotel, Kowloon. The officiating guests are Mr. Chan Ho Lim, Joseph, JP, Under Secretary for Financial Services and the Treasury, Dr. Chan Pak Li, Bernard, JP (attending online), Under Secretary for Commerce and Economic Development Bureau and Mr. Liu Ya Jun, the Deputy Director-General of the Economic Affairs Department and Head of the Commercial Office of the LOCPG in the HKSAR. Ms. Tang Mei Wah, Executive Director, attended the award presentation ceremony and accepted the Award on behalf of the Company. "The recognition from the market is the driving factor for the Group to go further, and it also inspires us to continue new industry benchmarks and greater value for customers and communities in the long run," said Ms. Tang.