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Chairman & Management's Mission Statement
It is our vision to build an international hospitality business targeting 5,000 travel and lifestyle stores worldwide under Xpress Group¡¦s international branding with a group sales of no less than US$10 billion and a net income of 1.5 percent of sales. The composition of this US$10 billion in sales will come from the following countries:
- US$2 billion from Japan, Korea and Taiwan
- US$2 billion from Hong Kong and China
- US$2 billion from other Asian countries and Australia
- US$2 billion from USA and Canada
- US$2 billion from England and Europe
It is intended that the first US$1 billion in sales will come from the following countries:
- US$400 million from Japan
- US$200 million from USA and Canada
- US$100 million from Hong Kong and China
- US$300 million from Singapore and other Asian countries
"By March 2008, we are targeting in excess of US$1 billion in sales for Xpress Group. I have resolved that my team and I shall make this happen."
Group
Chairman's Profile
InterAsia
Travel Limited ( 1969 - 1972 )
The Group's Chairman, Mr. Chan Heng Fai, has been involved in the travel industry since 1969. InterAsia Travel Limited ("InterAsia Travel"), a global travel company that was headquartered in London and had fourteen offices worldwide, was founded by Mr. Chan Heng Fai in 1969 with ¢G100 capital. It was started when Mr. Chan was in college in London to enable students from Hong Kong and Malaysia to travel home during their summer vacation. InterAsia Travel grew to offer international, long distance regular charter flights, inclusive of charter tours, free independent travel (F.I.T.) and hotel room wholesale operations. It was one of the most successful low budget travel operations in the early 1970's with fourteen international offices and over three hundred staff. The company was sold to a Singapore Banking Company in 1972.
The fourteen international offices were located in 1) London, 2) Sydney, 3) Melbourne, 4) Perth, 5) Paris, 6) Amsterdam, 7) New York, 8) Toronto, 9) Kuala Lumpur, 10) Penang, 11) Singapore, 12) Jakarta, 13) Bangkok, and 14) Hong Kong.
After the Sale of InterAsia (1973 - Now)
After
the sale of InterAsia Travel, Mr. Chan went into the
investment, investment banking and commercial banking
business. Mr. Chan has restructured a number of companies
in different industries. Some of the companies, Mr.
Chan has restructured and sold are American Pacific
Bank (which has since merged with Riverview Community
Bank http://www.riverviewbank.com;
listed on the NASDAQ, United Sates). China Gas Holdings
Limited( http://www.chinagasholdings.com;
a company listed on the Hong Kong Stock Exchange), Global
Med Technologies Inc. (http://www.globalmedtech.com;
listed on the NASDAQ, United States), and Skywest Airlines
Ltd. (http://www.skywest.com.au;listed
on the Australian Stock Exchange).
Currently,
Mr. Chan is the Executive Chairman of China Credit
Holdings Limited listed on the Hong Kong Stock Exchange,
Futuristic Group Limited listed
on the Singapore Stock Exchange, China Xpress Pte
Ltd. based in Singapore, and Online Credit Card Limited,
a MasterCard franchise credit card company, based
in Hong Kong. Mr. Chan also holds directorships in
many travel and hotel companies.
Chairman's motto
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