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SOLOMON
SYSTECH LIMITED WINS THE HK NEW SME GOLD AWARD The
Success of Hi-Tech Semiconductor Industry in Hong Kong
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The Honourable
Tung Chee Hwa
Chief Executive
Government of the HKSAR
Hong
Kong's small and medium enterprises (SMEs)
are notable for their vitality and dynamism,
as well as their swiftness in responding
to the competitive international market. For
many years, they have made tremendous contributions
to Hong Kong's economic development.
The
globalization of world economy, the emergence
of a knowledge-based economy and the Mainland's
rapid development have brought unprecedented
challenges and opportunities to our SMEs. To
remain competitive in today's dynamic environment,
SMEs have to be innovative and strive for
excellence. I am delighted to note the
outstanding achievements of the Hong Kong
SME Award winners in these aspects. You
have made yourself the model for other SMEs,
and the pride of Hong Kong.
I
would like to take this opportunity to
extend my congratulations to the award
winners, and wish the SMEs in Hong Kong
every success in the future. ¡@
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Hong
Kong, China - July 17, 2001 - The Gold Award winner of
this year's Hong Kong New SME Award was officially
announced at a ceremony (16 July) to be Solomon
Systech Limited. It was officiated
by Mr. Chau Tak Hay, Secretary for Commerce and
Industry. This gold award
represented the highest honor of the event.
Now
in its third successive year, the Hong Kong SME Award
is organized by the Hong Kong Productivity Council (HKPC)
and the Hong Kong General Chamber of Commerce (HKGCC).
First launched in November 1998, the Award aims to
recognize the achievements of local small and medium
sized enterprises (SMEs) and to identify success
models to spearhead Hong Kong's continued growth and
competitiveness.
Speaking
at the ceremony, Mr. K.K. Yeung, Chairman of the 3rd
Hong Kong SME Award Steering Committee said, "The
dawn of the new century has brought with it a host of
new challenges. To survive and succeed, Hong Kong SMEs
must adapt to this rapidly changing business
environment by developing high-value added products
and services through innovation, continuous
improvement in management and a strengthened
application of e-commerce techniques. While looking
for innovative elements among the 70 entrants, our
judging panel has also taken into account other
crucial criteria, such as leadership, business
development, human resources development,
organizational development, resources management,
critical success factors, and results." |
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Being
the Gold Award winner, Mr. Humphrey Leung,
President of
Solomon Systech Limited shared the company's vision and
success factors at the ceremony, "We
want to be a leading local semiconductors
company in HK and China."
"There
are a lot of factors that make a company to be
successful. For us, there are 3 critical
areas," explained by Mr. Leung. "Firstly,
the whole company and team of staff share the same
vision to be a leading local hi-tech semiconductors
company. Vision without execution is only a
dream.
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Mr.
Humphrey Leung (left), President of Solomon Systech
Limited received the New SME Gold Award from Mr.
Chau Tak Hay (right), Secretary for Commerce and
Industry of the HKSAR
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So
secondly, we have a very strong and experienced
technical team with semiconductors know-how, mixed
with new college graduates to execute our vision.
We created a business model which allows us to run
hi-tech semiconductors business under the Hong Kong's
environment. We focus all our resources to do product
development, and quality & supply chain
management."
"Thirdly,
to maintain our competitive edge in the global market
and motivate our staff, we have several business and
rewarding systems in place. We have created our
information and quality system to keep our product
quality and intellectual properties. We have incentive
programs to promote employee ownership and
performance," said Mr. Leung. "Over
70% of our staffs own the company's share and we also
profit sharing scheme to reward for performance." |
Mr.
Leung believed after winning the award, the company
has
proven that the hi-tech industry could be very
successful in Hong Kong.
Comments
from the Judging Panel
Solomon
Systech Limited has all the critical elements necessary
for a successful company. They excel at innovation
with
their strong IT R&D team while carefully nurturing
a company-wide total management system. Moreover, they've
developed strict quality control standards, excellent
relationships with their customers, plus a clear strategic
vision for future development. This sound foundation
has contributed a great deal to the sustained growth
and prosperity of the company over the years. Solomon
Systech Limited is renowned as one of the few Hong
Kong
high-tech enterprises capable of competing with world-class,
high-tech giants and secure in its standing within
the
global high-tech market.
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