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Tuesday, 25 October 2016, 01:00 HKT/SGT

Source: Tongda Group Holdings Limited
Tongda Group's Revenue from Handset Customers of the Largest 5 Customers Soared Significantly by 157%
Recorded a 49% y-o-y Growth in Turnover for the Third Quarter of 2016

HONG KONG, Oct 25, 2016 - (ACN Newswire) - Tongda Group Holdings Limited ("Tongda Group" or the "Group") (stock code: 698) has presented the unaudited operating performance for the nine months ended 30 September 2016.

During the period, the growth mainly attributed to the Group's handset business, and the revenue from handset customers of the largest 5 customers for the third quarter increased significantly by 157% year-on-year. The turnover of the Group amounted to approximately HK$5.39 billion, among which the turnover for the third quarter increased by 49% year-on-year to HK$2.15 billion.

During the third quarter, the metal handset casings orders from the Group's key customers increased. The major handset models produced by the Group include Oppo R9, Honor NOTE8, Huawei Nova, Huawei P9 Lite, Honor 5C, Maimang 5, Honor V8, Asus Zenfone 3, Asus Zenfone 3 Deluxe, Asus Zenfone 3 Ultra, Redmi NOTE4, Redmi 3, Redmi NOTE3, Mi Max and Coolpad Fengshang Max.

The Group's Liquid Silicone Rubber ("LSR") and precision rubber parts have provided reputable international brands with bulk supply. In addition, during the period, the Group has succeeded in developing the 3D glass casings, which could also be supplied with the Group's metal middle supporting frames, and are expected to further raise the unit price of its products.

Mr. Wang Ya Nan, Chairman and CEO of Tongda Group, said, "Looking ahead, the Group is optimistic about the business outlook for the fourth quarter. We will stay focus on the one-stop solution of cost-effective R&D and extraordinarily featured casings, in order to bring satisfactory return to the shareholders and investors."

About Tongda Group Holdings Limited

Tongda Group is the world's leading solutions provider of high-precision components used in smart mobile communication and consumer electronic products. The Group has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since 2000, under the Information Technology - IT Hardware category, and has been selected as a constituent stock in the Hang Seng Composite SmallCap Index, Hang Seng Broad Consumption Index, Hang Seng Global Composite Index and the MSCI Global Small Cap Indices - China Index. The Group garners the DHL/SCMP Hong Kong Business Awards 2015-Enterprise Award and has been selected to the Forbes Asia's 200 "Best Under A Billion" list in 2016. Mr. Wang Ya Nan, Chairman and CEO of the Group has been named the winner in the technology category of EY Entrepreneur of the Year China 2016.

Leveraging its leading In-Mold Lamination ("IML"), metal casing production and rubber parts business technology and first-tier customers in the PRC's robust consumer market, the Group has established a solid presence in the markets for handsets, electrical appliances and notebook computer casings and related products. The Group is dedicated to satisfying customers' needs through establishing global service networks in various regions, with strategically located production bases in Shishi city, Xiamen, Shanghai and Shenzhen, as well as R&D centres in Shanghai and Taiwan.

Strategic Financial Relations Limited
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Fax: +852 2527 1196

Oct 25, 2016 01:00 HKT/SGT
Source: Tongda Group Holdings Limited

Topic: Earnings
Sectors: Daily Finance, Daily News
From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

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