Corporate Milestones

Corporate Milestones

2005 Acquired Milwaukee®, AEG® and DreBo® electric power tools and accessories brands and businesses.

2004 Acquired ® brand license in North America for outdoor power equipment. 2005 2003 Acquired Royal® and ® floor care brands and businesses.

2002 2004 Acquired Ryobi® brand license and businesses in Australia and New Zealand for power tool and outdoor power equipment.

2001 Acquired Homelite® brand and businesses for outdoor power equipment. 2003

Acquired Ryboi® brand license and businesses for power tool and outdoor power equipment in Europe.

2000 2002 Acquired Ryobi® power tool brand license and businesses in North America. 1999 2001 Acquired ® brand and businesses for floor care products in UK and Australia.

2000 Contents

01 Financial Highlights 02 Chairman’s Statement 1999 08 Management Forum 18 Brands Overview 2003 Launched RIDGID® professional tools for The Home Depot®. 1990 Review of Operations 20 – Power Equipment Products 2001 26 – Floor Care Appliances Partnership with The Home Depot®. 1988 30 – Laser & Electronic Products 1990 Listed on the Stock Exchange of Hong Kong (stock code: 669). 32 Board of Directors 34 Global Management 1987 1988 36 Management’s Discussion and Analysis Opened TTI’s first manufacturing facilities in Dongguan, PRC. 44 Corporate Governance Report 49 Directors’ Report 1985 1987 61 Auditors’ Report Partnership with SEARS®. 62 Financial Statements 1985 70 Notes to the Financial Statements Mr Horst Julius Pudwill & Mr Roy Chi Ping Chung 125 Financial Summary founded TTI. 126 Corporate Information Asia North America A & M Electric Tools GmbH Max-Eyth-Str. 10 Hong Kong Canada D-71364 Winnenden Co. Ltd. Ryobi Technologies Canada, Inc. T (49-7195) 120 Homelite Far East Co. Ltd. 150 Werlich Drive, Unit #5&6 F (49-7195) 12666 Cambridge, Ontario N1T 1N6 www.-pt.com Headquarters T (1-519) 624 2222 24/F, CDW Building F (1-519) 624 0600 DreBo Werkzeugfabrik GmbH 388 Castle Peak Road Ulrichstrabe. 22 Tsuen Wan, N.T. USA 88361 Altshausen T (852) 2402 6888 Homelite Consumer Products, Inc. T (49-7584) 29000 F (852) 2413 5971 T (1-864) 226 6511 F (49-7584 ) 290019 F (1-864) 261 9435 www.drebo.de Gimelli Laboratories Co. Ltd. www.homelite.com T (852) 2413 3923 United Kingdom F (852) 2498 8264 Techtronic Industries North America, Inc. Ryobi Technologies (UK) Ltd. T (1-800) 323 4615 Medina House Solar Wide Industrial Ltd. F (1-864) 964 3360 Fieldhouse Lane, Buckinghamshire T (852) 2480 0888 www.ryobitools.com SL7 1TB F (852) 2480 1320 T (44-1491) 848 700 www.solarwide.com.hk 1428 Pearman Dairy Road F (44-1491) 848 701 Anderson, South Carolina 29625 www.ryobipower.co.uk Techtronic Appliances (Hong Kong) Ltd. T (852) 2402 6888 OWT Industries, Inc. Vax Ltd. F (852) 3118 1776 255 Pumpkintown Hwy. Quillgold House, Kingswood Road Pickens, South Carolina 29671 Hampton Lovett, Droitwich 18/F, CDW Building T (1-864) 226 6511 Worcestershire WR9 0QH 388 Castle Peak Road F (1-864) 261 9435 T (44-1905) 795 959

.ione.com.hk Tsuen Wan, N.T. F (44-1905) 795 958 Royal Appliance Mfg. Co. www.vax.co.uk China 7005 Cochran Road ess Limited www Techtronic Industries Factory Glenwillow, Ohio 44139 No. 3, Industrial Zone, T (1-440) 996 2000 Australasia Hou Jie Town, Dongguan City F (1-440) 996 2027 Guang Dong Province 523962 www.royalappliance.com Australia T (86-769) 558 2172 Techtronic Industries Australia Pty Ltd. F (86-769) 558 2575 Corporation Building B 13135 W. Lisbon Road 3 Shirley Street Techtronic Appliances Factory 1 Brookfield, WI 53005 Rose Hill, N.S.W. Homelite Factory T (1-262) 781 3600 Australia

. tda.com.hk Printed by: iOne Financial Pr Shang Tun Village, F (1-262) 790 6333 T (61-2) 9792 9800 San Tun Management Zone www.milwaukeetool.com F (61-2) 9774 5705 Hou Jie Town, Dongguan City www.ryobi.com.au Guang Dong Province, 523941 T (86-769) 558 0962 Europe Vax Appliances (Australia) Pty Ltd. F (86-769) 558 7962 296 Victoria Road France Malaga, WA 6090 Techtronic Appliances Factory 2 Ryobi Technologies SAS T (61-8) 9247 8100 San Tun Management Zone Immeuble Le Grand Roissy F (61-8) 9247 8190 Hou Jie Town, Dongguan City Z.A. du Gue www.vax.com.au Guang Dong Province 523941 35, rue de Guivry T (86-769) 558 4125 B.P. 5 New Zealand F (86-769) 558 4135 77990 Techtronic Industries N.Z. Ltd. T (33-1) 6094 6970 27 Clemow Drive Gimelli Laboratories Factory F (33-1) 6094 6979 Mt. Wellington Solar Wide Factory www.ryobi-europe.com Auckland Heng Xing Industrial Zone T (64-9) 573 0230

ed Ko/Torque Creative & TTI Group Creative ed Ko/Torque Design by: The Design Associates Ltd. www No.38, Xia Shi Jia Road, Jiang Shi Village Road Germany F (64-9) 573 0231 Gong Ming Town, Bao An County Ryobi Technologies GmbH www.ryobi.co.nz Shenzhen 518106 Itterpark 4, D-40724 Hilden T (86-755) 2755 5286 T (49-2103) 2958 0 F (86-755) 2755 5605 F (49-2103) 2958 29 www.ryobi-powertools.de

Taiwan Royal Appliance International GmbH Techtronic Industries Taiwan Co Ltd. Itterpark 9, D-40724 Hilden 10F-3, No. 122-19, Sec 2, Chung Kang Road T (49-2103) 200710 Shi Tun Dist., Taichung, Taiwan 407 F (49-2103) 200777 T (886-4) 2706 8052 www.dirtdevil.de F (886-4) 2106 8045

Copywriting by: Randall Coates Photography by: Dennis Fung/Alfr