About ITE ITE (Holdings) Limited (stock code: 8092) (hereinafter referred to as the “Group” and/or “ITE”) was established in early 1997 and is one of the listed companies on the Stock Exchange's GEM market. Effective February 21, 2001. ITE is the fastest growing smart card and radio frequency identification (“RFID”) service provider and system integrator in Hong Kong, China. With the support of an initial 6-person team, ITE successfully bid and won several important smart card projects in 1999. Since then, as the Group has grown, it has become a pioneering leader in the industry in the Hong Kong Special Administrative Region and surrounding regions. It now has more than 180 employees and has operating bases in Hong Kong and Macau, China. Over these years of service, we have been providing complex smart card and RFID solutions to numerous customers in the major public and private sectors in Hong Kong, China. Our mission is to enhance the automation of everyday life by implementing smart card and RFID technology to become the leading smart card and RFID solution provider and system integrator in the Asia-Pacific region. By providing a wide range of innovative applications and implementing our solutions for life and control automation, ITE can improve the standard of everyday life. It has established a key commercial competitive advantage, making ITE the single market leader in this rapidly growing value-added industry. We have established a leading position in the smart card industry in Hong Kong, China, and have earned a proven track record and excellent reputation for providing quality services and solutions. By leveraging the knowledge and experience we have acquired, including our industry-specific expertise and our precise and in-depth R&D capabilities, the Group is highly skilled in delivering a range of proven innovative, tailored and customized application solutions that are invaluable to our customers. We develop solutions for customers in many industries from many locations and are continuing to expand our scope of business to include the People's Republic of China (“China”)