Saturday, March 7, 2009

Global-Tech Advanced Innovations Inc.

Industry: Manufacturing

Main business locations: China, United States

Registered Office:
TrustNet Chambers,
P.O. Box 3444,
Road Town, Tortola,
British Virgin Islands

Incorporation date: May 2, 1991

BVI Registration number:

Listed on: NASDAQ
Ticker: GAI

Financial highlights (2008):
Total Assets: US$ 108,724,700
Net Sales: US$ 105,543,089
Net Loss: US$ 4,427,113

Auditors: Ernst & Young

Legal Counsel: Calfee, Halter & Griswold LLP

100% owned BVI subsidiaries:
Global Appliances Holdings Limited - Investment holding
Global Display Holdings Limited - Investment holding
Wing Shing Overseas Limited – Trading of raw materials and household appliance products
GT Investments (BVI) Limited – Investment holding
Consortium Investment (BVI) Limited - Asset and investment holding
Global Digital Imaging Limited (BVI) – Trading of raw materials and digital products
Wing Shing Products (BVI) Company Limited - Dormant

About the BVI company:
Global-Tech Advanced Innovations Inc. (formerly known as Global-Tech Appliances Inc.) is a holding company, owning subsidiaries and not engaged in daily business operations. Global-Tech is operating in the business segments of home appliances, electronic components and other. Along with its subsidiaries, the BVI company designs and manufactures wide range of consumer electrical products and markets them worldwide. The products manufactured include also floor care products and small household appliances. The BVI company also develops higher-value, more technologically advanced consumer electronic products and components, among its customers there are Royal Appliance Manufacturing Company and the Electrolux Group.

Manufacturing operations of the company are located in Dongguan, PRC. Products of the company are sold to customers primarily in the United States of America and mainland China.

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