I am Eric Li, the general manager of TCL Emerging Market.
Firstly, I am so sorry for that TCL is not able to cooperate with Tesco as we pictured.
TCL headquarter communicated with senior managers of Casino & IRTS in Shenzhen at the end of Feb, which TCL got the furious feedback from Big C who is strongly against developing a new channel Tesco. Upon taking it into account that TCL has conducted a long-term collaboration with Casino & IRTS in Brazil, Vietnam ,Thailand and Europe , TCL group has to agree with Big C discreetly in order not to make a bad influence on international collaboration.
We planned to invite senior managers of Casino & IRTS to TCL headquarter in April this year, for discussing further development strategy how to develop TCL in Thailand. TCL will fight for letting Big C make some concessions on entering into Tesco, which might break the deadlock. TCL will speed up cooperating with Tesco after achieving an agreement.
As we all know, both of Tesco and TCL Thailand Branch have made an impressive struggle for cooperating successfully, such as products, price, supply of goods and personnel have been already in place. There will be to a big loss on both sides if any delay of cooperation, which is both of us not want to face the result.
Hereby, i want to have an opportunity to apologize to you face-to-face and make a further discussion on how to develop relationship between us. Meantime, Please accept my sincere invitation to visit TCL Panel Company, TCL TV factory and TCL mobile phone company when it is convenient for senior managers of Tesco. Whenever it is convenient for you, please let me know and Here is TCL always standby for you.
Apologize again for what has happened on you.