Having spent the past 8 years living in China and working in senior management roles in the logistics industry, I have developed a good understanding of what the key success factors are for a logistics company in China.

I am excited about the opportunity provided by our shareholders, China Post and Australia Post, whose senior management had a shared vision to create Sai Cheng Logistics International Co., Ltd. Logistics outsourcing is growing rapidly in China and is growing at a much faster rate than GDP. However, by global standards, transportation and logistics costs in China as a percentage of GDP are too high. This provides both an opportunity and a challenge to all logistics operators.

Through the investments in state of the art IT systems, combined with training and support from both China Post and Australia Post, Sai Cheng is well positioned for profitable growth and to deliver value to customers.

Our focus is the growing trade between China and Australia. We will use this as the backbone of a truly integrated service supported by the network services of China Post and Australia Post. Over time, this will develop to include other trade lanes.

A key feature of the service will be the provision of a full range of value added services such as co-packing, labeling, kitting and distribution. Sai Cheng will offer these services to current and future customers of China Post and Australia Post. In addition, we will be very active in seeking out and winning customers in our own right for international and international related business.

I look forward to fulfilling the vision of our shareholders and developing a successful company in China.