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On 5th August 2014, WH Group was successfully listed on the Main Board of the Hong Kong Stock Exchange, marking an important milestone for the Group. Our successful listing not only improved the Group's financial strength, but also turned a new page in its corporate history, laying a solid foundation for its future development. Over the past three decades, we have seen our operations in China evolve from a small local slaughtering plant to a capital-market-driven multinational corporation.
Our acquisition of Smithfield in 2013 enabled us to consolidate over 200 subsidiaries across China, the U.S. and Europe. This let us achieve a global presence and cement our leading position in the global pork market under the umbrella of WH Group. Post-acquisition, the Group accelerated the comprehensive integration of Shuanghui Development and Smithfield, tapping the emerging synergies from the China and U.S. businesses. Beyond the exchange of management philosophies, skills and experiences, customer resources and global sourcing capabilities, Shuanghui Development and Smithfield also made substantial progress in business cooperation.
We have been continuously sharpening our focus on upgrading our brand and market position; as well as on product innovation and development. The Group has also been actively adjusting its product portfolio, stressing on innovation in its multi-channel marketing efforts, as well as expanding and adjusting its distribution network to enhance the scale of its businesses.
Anchored on a safety-first priority, WH Group is committed to full accountability in the provision of quality food. The Group follows best-in-class policies and practices on food safety, animal care, environmental protection, community involvement and employee safety, to deliver quality, tasty and nutritious animal protein products worldwide. Looking ahead, we will focus on creating sustainable value by embracing a management philosophy rooted in continuous innovation, with a long-term and forward-thinking perspective.
WH Group highly values open, constructive and effective communications with our Shareholders. We welcome the engagement of all investors to promote greater transparency of our strategies, operations and corporate governance. With WH Group's dedicated and resourceful workforce, we believe that our strategy will continue to deliver sustainable value and returns for Shareholders.
Finally, on behalf of the Board, I would like to express my appreciation to all employees, investors and other stakeholders for their steadfast support of the Company. WH Group is proud to look back on decades of outstanding achievements, while looking ahead to many more years of growth with our Shareholders, employees and communities.
Chairman and Chief Executive Officer