Annual Report 2008

Sunny Optical Technology (Group) Company Limited 舜宇光學科技（集團）有限公司 30 Management Discussion and Analysis 管理層討論及分析 3. Seizing business opportunities with China’s 3G The issue of 3G licenses in the PRC during 2008 is expected to spark the demand for 3G handsets. Since a 3G handset usually has two camera modules, of which the high resolution one is responsible for photo shooting while the low resolution one is for image transmission during the calls, the development of 3G handset market will increase the demand for camera modules significantly. With the capability of carrying out mass production of handset camera modules at 2.0 mega pixels or above with AF or Zoom function, the Group is fully prepared to capture the future growth potential as well as improve its revenue. 4. Refining the management and reducing production costs In 2009, the Group will promote the “lean production” in Manufacturing Execution Systems (“MES”) to improve the overall operational efficiency, reduce wastage and reduce production costs, thereby enhance the competitiveness of the Group. 5. Implementing sound financial policies and maintaining a solid financial position In 2009, the Group will implement sound financial policies, and continue to strengthen its day-to-day management of accounts receivable, accounts payable and inventory. At the same time, in order to maintain a solid overall financial position of the Group, a more cautious approach to capital expenditure and investment activities will be adopted. Share Option Scheme On 25 May 2007, the Company adopted a share option scheme (the “Scheme”) for the purpose of providing incentives and rewards to eligible participants who contribute to the success of the Company. Eligible participants of Scheme include, without limitation, employees, Directors and shareholders of the Group. Up to 31 December 2008, no share option has been granted or agreed to be granted to any person or exercised by any person under the Scheme. Purchase, sale or redemption of the company’s shares The Company is empowered by the applicable Companies Law of the Cayman Islands and the Articles of the Association to repurchase its own shares subject to certain restrictions and the Board may only exercise this power on behalf of the Company subject to any applicable requirements imposed from time to time by the Stock Exchange. There was no purchase, sale, redemption or cancellation by the Company or any of its subsidiaries, of the Company’s listed shares during the period from the Company’s Global Offering to 31 December 2008. 3. 把握中國 3G 商機 二零零八年中國的 3G 牌照已發放完畢，將促 使 3G 手機需求的上升。由於 3G 手機通常選用 兩個手機攝相模組，一個為實現照相功能的 高像素模組，另一個為滿足通話時圖像傳輸 的低像素模組，因此 3G 市場的發展將大大提 升相機模組的需求。憑借舜宇光學已擁有 200 萬像素或以上的自動對焦及變焦手機相機模 組的量產能力，集團已全力準備好把握這一 發展機遇，致力提升整體營收。 4. 推進精細化管理，降低生產成本 二零零九年，集團將全面推進「精益生產」， 將其導入製造執行系統（「 MES 」），以提升整 體運營效率，減少浪費，降低生產成本，使 集團更具競爭力。 5. 實行穩健的財務政策，保持健康安全 的財務狀況 二零零九年集團將實行穩健的財務政策，繼 續強化對應收賬款、應付賬款及庫存的日常 管理。同時更加嚴格謹慎地對待各項資本性 開支與投資活動，以保持集團整體財務狀況 的安全穩健。 購股權計劃 於二零零七年五月二十五日，本公司採納的購股 權計劃（「計劃」）目的為對本公司的成功有重大貢 獻的合資格參與者提供鼓勵和獎勵。合資格的參 加者包括（但不限於）僱員、董事和本集團股東。 截至二零零八年十二月三十一日，本計劃並無授 出及同意授出購股權予任何人士，亦無任何人士 已行使購股權。 購買、出售或贖回本公司股份 根據開曼群島公司法和本公司章程細則，本公司 可在若干限制下購回本公司的股份，惟董事會代 表本公司行使該項權力時，必須符合聯交所不時 實施的任何適用規定。自本公司全球發售起至二 零零八年十二月三十一日止，本公司或其任何附 屬公司概無購買、出售、贖回或註銷本公司之上 市股份。