Techtronic Industries - 2003 Annual Report Now Available At The Company Website HONG KONG, April 28 /Xinhua-PRNewswire-FirstCall/ -- Techtronic Industries Co. Ltd. ("TTI") (HKEx Stock Code: 669; ADR symbol: TTNDY) has published its 2003 annual report (http://www.ttigroup.com/investors/reports.php). To recap, TTI reported 38.9% turnover growth in 2003 to HK$13.18bn. Net profits surged 63.2% to HK$674m. Basic earnings per share increased 56.1% to HK$1.03 (2002: HK$0.66). In assessing the prospects for TTI, Mr. Horst Julius Pudwill, Chairman of TTI, comments, "The outlook for 2004 is robust and we are excited about the growth opportunities we see ahead. The year began with an exciting development with the completion of the Ryobi license for the outdoor product category in North America. This not only allows us to maximize the synergies in logistics, marketing and sales for this powerful brand but also, together with the Homelite brand, strengthens our presence in the outdoor product market. As for our power tool business, we will continue to expand the product ranges of both the Ryobi line and professional tool line. We will see the benefits of the Royal integration for both sales growth and margin improvement. The solar power and electronic measuring business will deliver another year of impressive growth, by tapping into other high growth markets and expanding its traditional product categories. TTI has the necessary tools for growth. We have established the business foundation and customer partnerships that will enable us to capture new growth opportunities, keeping us on our path of rapid expansion. " * Investor Presentation Broadcasting is available at http://www.ttigroup.com/ till 6th May 2004 About TTI Founded in 1985, TTI is a leading and fast-growing supplier of home improvement products, employing 16,000 people worldwide. TTI's global brand portfolio includes RYOBI power tools, HOMELITE and RYOBI outdoor power equipment, REGINA, ROYAL, DIRT DEVIL and VAX floor care appliances. The company has enjoyed continuous growth since its listing on the Stock Exchange of Hong Kong in 1990, achieving double-digit growth for the past eight years. TTI is also one of the constituent stocks on the Hang Seng HK MidCap Index under the Hang Seng Composite Index, the MSCI Hong Kong Index, the FTSE All- World Hong Kong Index and the FTSE/Hang Seng Asian Cyclical Index. For more information, please visit http://www.ttigroup.com/ . For enquiries, please e-mail to DATASOURCE: Techtronic Industries Co. Ltd. CONTACT: Yammie Tang of Techtronic Industries Co. Ltd., Web site: http://www.tti.com.hk/

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