9th Jun 2015 11:00
Press Release | 9 June 2015 |
JQW plc
("JQW" or the "Company")
Annual Report and Accounts
Notice of Annual General Meeting
JQW plc, a domestic Chinese B2B e-commerce operator, announces that in accordance with AIM Rule 20, electronic copies of its Annual Report and Accounts for the year ended 31 December 2014 together with the Notice of Annual General Meeting and Form of Proxy are available from the Company's investor relations website at www.jqw-ir.com. Hard copies of the 2014 Annual Report and Accounts have been posted to shareholders today.
The Company's Annual General Meeting will be held at 3.30 p.m. (8.30 a.m. UK time) on Tuesday, 30 June 2015 in the meeting hall of the Wanjia International Hotel, Bailing Street, Shishi City, Fujian Province, 362700 China.
- Ends -
For further information:
JQW plc | |
Cai Yongde, Chairman | Tel: +44 (0) 20 7398 7710 |
Chen Daocai, Chief Executive Officer | www.jqw-ir.com |
Kooi Wei Boon, Chief Financial Officer |
Cairn Financial Advisers LLP (Nomad & Broker) | |
Sandy Jamieson / Liam Murray | Tel: +44 (0) 20 7148 7900 |
www.cairnfin.com |
Media enquiries:
Abchurch Communications Limited | |
Henry Harrison-Topham / Quincy Allan | Tel: +44 (0) 20 7398 7710 |
www.abchurch-group.com |
About JQW plc
JQW is a leading domestic business-to-business e-commerce provider based in the Chinese province of Jiangsu. The Group's core business is its online B2B platform, www.jqw.com, which has been developed to encourage domestic trade by connecting Chinese SMEs with potential trade partners. Founded in 2004, the platform was developed to help to market Chinese SME's websites. JQW has evolved rapidly to become one of the top three ranked B2B e-commerce website in China in terms of traffic and operates, what the Director's believe to be, the first dedicated B2B search engine, www.jqw.cn.
JQW offers a low-cost entry point for Chinese SMEs to promote themselves and their B2B products to potential buyers. In order to increase transaction opportunities, JQW offers its clients a broad range of services including website design, commercial search services and advertising.
There are approximately 50 million SMEs in China manufacturing a diverse range of products, accounting for 60% of the country's GDP. The number of mobile internet-access users in China stood at 871 million at September 2014 and investment in the country's telecommunications infrastructure continues to accelerate. These factors have driven an increased demand for domestic trade of B2B, B2C and C2C e-commerce. With the majority of these SMEs requiring the use of third party B2B e-commerce platforms to promote their businesses and access trade partners, the Board believes that JQW offers a robust and highly reputable branded platform. With exposure in over 50 industry sectors and considerable scope for future growth, JQW is in a strong position to capitalise on the development of this market.
At the end of 2014, the Group had:
11 million Registered users
5 million Page views per day
1,046,000 Sheng-Yi-Tong members with website "shops"
241,000 Fee-paying members
600 Rated in the top 600 websites for global website traffic rankings
44 Sales agencies
3 Top 3 in Chinese B2B website traffic rankings
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