Camkids Publishes Investor Conference Call Transcript
"Good morning,
Welcome to the Camkids Investor Conference Call. On the call today we have, Alex Price and Charles Donaldson from Allenby Capital and from the Company we have the Chairman Zhang Congming, Jacque-Franck Dossin and myself, Pei Eng, all of whom attended the Company's annual general meeting, held earlier today at the Company's head office in Jinjiang. Before we start the Board of Camkids would like to thank everyone for the questions they submitted. Executive Chairman Zhang Congming will be giving a brief introduction in Mandarin and I, Pei Eng, will be translating into English. Following this, I will be reading out your questions and the Companies answers one at a time.
Zhang Congming: Gives his introduction to the participants in Mandarin.
Pei Eng will then translate into English: "Currently the Chinese market is undergoing a lot of reform and restructuring and this is affecting market growth rates. Camkids is facing competition from multi-national companies with more established resources and networks. They are reducing their retail prices and we are adjusting our pricing accordingly to the market conditions. We hope that the shareholders can understand the tough situation we are in and stand with us during this period. We are all working to generate shareholder value in the future."
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