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Steady growth in Singapore's GDP
  • The Singapore economy is estimated to have grown by 3.7% in 2013 and is expected to grow by 2.0% to 4.0% in 2014(1)
  • The International Monetary Fund ("IMF") has projected Singapore's GDP per capita growth to be approximately 3.7% per annum for the next four (4) years(2)
  • Rising affluence and spending power of Singaporean consumers are likely to lead to more discretionary spending and provides greater business potential for a wide range of services
Launch of new product models
  • The launch of new product models are expected to drive the growth of sales of our products going forward, as the luxury and ultra-luxury segments are model-driven markets and sales typically increase when a new model is launched
  • The Lamborghini Manufacturer has unveiled the Huracán LP 610-4 that replaces its Gallardo model. In addition, the Lamborghini Manufacturer has previously announced that it plans to enter the sport utility vehicle (SUV) segment with its newly launched Lamborghini Urus(3). Based on industry expectations, Lamborghini Urus is expected to hit the market by 2017
  • The Alfa Romeo Manufacturer has recently launched the new 4C model
  • We have commissioned the deLaCour Manufacturer to produce 90 limited edition GT3 timepieces that bear the identity of the six (6) GT3 race circuits for the GT Asia 2013
Expanding distribution and retail network for deLaCour watches
  • As at the Latest Practicable Date, we have appointed two (2) Singapore watch retailers, namely Sincere Watch Limited and Watches of Switzerland, to act as our points of sales to retail the deLaCour brand of watches in Singapore and we have also appointed a local distributor in Jakarta, Indonesia
  • Presently in discussions with a potential local distributor in Bangkok, Thailand

Notes

  1. Source: Press releases entitled "MTI Forecasts Growth of 3.5 to 4.0 Per Cent in 2013 and 2.0 to 4.0 Per Cent in 2014" dated 21 November 2013 and "Singapore's GDP Grew 4.4 Per Cent in the Fourth Quarter of 2013" dated 2 January 2014 by the Ministry of Trade and Industry Singapore ("MTI"). Information was extracted from the website of the Singapore Department of Statistics at http://www.singstat.gov.sg/statistics/browse_by_theme/ national_accounts.html
  2. Source: World Economic Outlook Database, October 2013. Information was extracted from the website of IMF at http://www.imf.org/external/pubs/ft/weo/2013/02/weodata/weoselgr.aspx
  3. Source: Press release entitled "Lamborghini Urus - The SUV super athlete" dated 22 April 2012 by the Lamborghini Manufacturer