This annual report on Form 20-F contains forward-looking statements that involve risks and uncertainties. All statements other than statements of historical facts are forward-looking statements. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors,” may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements.
You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements include:
| ● | our goals and strategies; |
| ● | the expected growth of the industries in which we operate; |
| ● | our expectations regarding demand for and market acceptance of the products and services we distribute, manage or offer; |
| ● | our expectations regarding keeping and strengthening our relationships with product providers; |
| ● | relevant government policies and regulations relating to the industries in which we operate; |
| ● | our ability to stay abreast of market trends and technological advances; |
| ● | our plans to invest in research and development to enhance our product choices and service offerings; |
| ● | competition in the industries in which we operate; |
| ● | general economic and business conditions in China and internationally; |
| ● | our ability to obtain certain licenses and permits necessary to operate and expand our businesses; |
| ● | our ability to effectively protect our intellectual property rights and not infringe on the intellectual property rights of others; and |
These forward-looking statements involve various risks and uncertainties. Although we believe that our expectations expressed in these forward-looking statements are reasonable, our expectations may later be found to be incorrect. Our actual results could be materially different from our expectations. Other sections of this annual report include additional factors that could adversely impact our business and financial performance. Moreover, we operate in an evolving environment. New risk factors and uncertainties emerge from time to time and it is not possible for our management to predict all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. You should thoroughly read this annual report and the documents that we refer to herein with the understanding that our actual future results may be materially different from, or worse than, what we expect. We qualify all of our forward-looking statements by these cautionary statements.
