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From the Chairman



 
 


Honorary Chairman
From the Chairman
Board of Directors
Senior Management
Awards & Recognition

 

The year under review has been a challenging year for One Media Group Limited (the “Company”). In 2018, Hong Kong's GDP grew by 3.0% compared with the growth rate of 3.8% in 2017. The sluggish economic conditions have affected advertising spending and consumer confidence. Nevertheless, we have not side tracked but remain steadfast in our quest to embrace the digital changes in media industry and continue to work at re-inventing advertising solutions and re-training our employees to cope with the changes.

BUSINESS HIGHLIGHTS

In the financial year under review, MINGs debuted as a stand alone title and is well positioned as a high-end fashion and beauty media platform in the industry. Besides, the Groups artiste management business achieved progressive results when two of its artists won awards in the 2018 Good Night Show X King Maker and CM Queen, respectively, hosted by ViuTV.

CONTENT AND REVENUE

The Group continues to encourage feedback from stakeholders on how we can deliver credible, quality content, services and products. For the year under review, the Company had revamped MP Weekly and enriched its content especially in the areas of arts, cultural and social. TopGears self-curated video continues to attract viewers. Meanwhile, MING Watch continues to expand its content coverage. Leveraging on all these high quality and credible content, the Group continues to engage advertisers across various platforms including both print and digital. In this financial year, it had further improved its digital design and technical development. In addition, the Group has reallocated resources to strengthen its in-house creative business solutions team and video production team. The Group is ready to manage all these resources to provide commercial solutions to all advertisers who may not be its traditional advertisers.

RESOURCES AND INVESTMENTS

The Group has continuously adopted various measures to reduce costs and enhance efficiency. For example, existing manpower has been redeployed and retrained to meet the development of digital business. Further, optimisation of manpower is achieved through employees multi-tasking and taking on additional duties. As part of its cost containment efforts, the Group has disposed of its Mainland China operation, namely Beijing OMG Advertising Company Limited and Beijing Times Resource Technology Consulting Limited, to the local management. The Group will continue to streamline its non-core assets, seeking investment in new and strategic businesses to enhance business and operational synergies, particularly on the digital media platform.

APPRECIATION

I would like to take this opportunity to thank our readers, advertisers, shareholders and business partners for their trust and support over the years. We also thank our staff for their contributions to the Group.

TIONG Choon
Chairman
Hong Kong, 28th May 2019.




 
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