The Olympic Games are back and, with them, sport is once again the talk of town. However, for Lee Kum Kee, one of the largest sauce manufacturers in Hong Kong, sport is not simply a one-off event. We see sport as a vital element in uniting and strengthening the bonds among staff. Our long-standing commitment to dragon boat events has seen our staff teams successfully work together to win a number of prizes. Founded in 1888 in Guangdong province by Lee Kum-sheung, Lee Kum Kee has grown from a local family business into a multinational firm that employs more than 8,000 staff in branches on mainland China, North America, Europe and Southeast Asia. Approach Pragmatism, integrity, considering others' interests and constant entrepreneurship are the four core values of our company. I think it is important for our staff to balance health, family and career, which is why we are so engaged in dragon boat racing. We believe good health and a harmonious family life are the two driving forces behind a successful career. We tell our staff all the time to consider others' interests. If everyone is able to stand in another's shoes and care about the feelings of others, then everyone will benefit. Strategies To unite staff and inspire them, all local staff and representatives from overseas branches gather in Hong Kong for a day in April to visit the grave of Lee Kum-sheung. I see this event as a platform to build teamwork. The event provides a chance for workers from different departments and regions to get together. Our dragon boat racing team is a great way to unite staff and help them stay physically fit. Established in 1998, the team now has 120 members from Hong Kong and the mainland. The team has participated in international dragon boat competitions in Hong Kong, Japan and Malaysia. We offer opportunities to staff that suit the job regardless of his or her rank. For staff with high potential, we provide them with chances to job-rotate between departments or transfer overseas to broaden their horizons. Feedback I am proud to say that staff at Lee Kum Kee are extremely loyal. We have staff who have served the company for 60 years. Our staff turnover rate has stayed in single digits for many years. Staff are keen to learn more. Many participate in job rotation and jump at the chance to work overseas. The president of our US operations is a prime example of someone who has benefited. He was from Hong Kong and decided to transfer to the US 10 years ago. Future We will look to increase our efforts in contributing to society through various corporate social responsibility projects. We see these as a great way to unite staff. The latest project is called 'Chef of Hope', where our staff sponsor students living in rural areas to attend cooking schools in Beijing. Initially, the plan was to sponsor 20 students, but a good staff reaction has seen the number go up to 50. We will continue to engage staff in charity and community-service events to help enhance their loyalty towards the company and contribute to society.