Chevalier Group was founded in Hong Kong in 1970. After more than three decades of development, the Group is now a multinational conglomerate with businesses spanning China, Southeast Asia, Australia, North America, Europe and the Middle East.

Chevalier is well known for its range of professional, high quality services. Its business portfolio comprises six categories: Construction and Engineering; Insurance and Investment; Property and Hotel; Information Technology; Lifestyle Food and Beverage; and other trading services. The Group's core businesses are held by the publicly listed "Chevalier International Holdings Limited"(CIHL), while lifestyle food and beverage related business are held by another listed company "Chevalier Pacific Holdings Limited"(CPHL). This diversification of business provides Chevalier the operational flexibility and a competitive edge to survive the changes in the volatile global marketplace.

For the FYE 3/2006, building services and engineering business continued to be the major revenue and profit contributors for the Group. Geographically, approx. 66% of the Group's turnover was derived from HK, while other markets included Australia (2%), Canada (7%), Europe (7%), Macau (4%), Mainland China (8%), Singapore (3%), Thailand (1%) and the USA (2%).

During the year, the Group has stepped up investment in development projects in Mainland China. The Group undertook projects in the Mainland leveraging its solid experience in managing projects, especially public housing and the government's Private Sector Participation Scheme projects, in Hong Kong. The Group expects the austerity measures imposed by the Chinese government to curb over-investment to help eliminate inefficient and speculative players in the market, thus pave the way for healthy long-term growth of the property market. The Group entered into contracts with various Mainland partners to develop real estates in Chengdu, Beijing, Dongguan and Shenzhen with gross floor area of over 1.3 million sq.m.

The Group also expanded into the lifestyle food and beverage business since 2005. After the acquisitions of Pacific Coffee and Igor's Group by CPHL, the Group, with Igor's creative food and beverage concepts as well as Pacific Coffee's strong retail and brand presence, will continue to capture the fast growing and Western lifestyle-based food and beverage market in Hong Kong, Mainland China and other parts of Asia.