CTRP » Topics » FORWARD-LOOKING INFORMATION

This excerpt taken from the CTRP 20-F filed Apr 29, 2008.

FORWARD-LOOKING INFORMATION

This annual report on Form 20-F contains forward-looking statements that reflect our current expectations and views of future events. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “may,” “will,” “expect,” “anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” “is/are likely to” or other and similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements include, among other things:

 

   

our anticipated growth strategies;

 

   

our future business development, results of operations and financial condition;

 

   

our ability to continue to control costs and maintain profitability; and

 

   

the expected growth of and change in the travel and online commerce industries in China.

The forward-looking statements included in this annual report on Form 20-F are subject to risks, uncertainties and assumptions about our company. Our actual results of operations may differ materially from the forward-looking statements as a result of risk factors described under Item 3.D of this annual report, “—Risk Factors,” included elsewhere in this annual report on Form 20-F, including the following risks:

 

   

a slow-down of economic growth or an economic downturn in China or globally may adversely affect our growth and profitability;

 

   

inflation in China may disrupt our business and have an adverse effect on our financial condition and results of operations;

 

   

declines or disruptions in the travel industry generally could reduce our revenue;

 

   

the trading price of our ADSs has been volatile historically and may continue to be volatile regardless of our operating performance;

 

   

if we are unable to maintain existing travel suppliers and strategic alliances, or establish new arrangements with travel suppliers and strategic alliances similar to those we currently have, our business may suffer;

 

   

if we fail to further increase our brand recognition, we may face difficulty in obtaining new business partners and customers, and our business may be harmed;

 

   

if we do not compete successfully against new and existing competitors, we may lose our market share, and our profitability may be adversely affected;

 

   

our quarterly results are likely to fluctuate because of seasonality in the travel industry in China;

 

   

our business may be harmed if our infrastructure and technology are damaged or otherwise fail or become obsolete;

 

   

our business may be severely disrupted if we lose the services of our key executives; and

 

   

if the ownership structure of our affiliated Chinese entities and the contractual arrangements among us, our consolidated affiliated Chinese entities and their shareholders are found to be in violation of any PRC laws or regulations, we and/or our affiliated Chinese entities may be subject to fines and other penalties, which may adversely affect our business and results of operations.

 

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These risks are not exhaustive. Other sections of this annual report include additional factors that could adversely impact our business and financial performance. You should read these statements in conjunction with the risk factors disclosed in Item 3.D. of this annual report, “—Risk Factors,” and other risks outlined in our other filings with the Securities and Exchange Commission. Moreover, we operate in an emerging and evolving environment. New risk factors may emerge from time to time, and it is not possible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

You should not rely upon forward-looking statements as predictions of future events. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

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This excerpt taken from the CTRP 20-F filed Apr 12, 2007.

FORWARD-LOOKING INFORMATION

This annual report on Form 20-F contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “may,” “will,” “expect,” “anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” “is/are likely to,” the negative of these terms, and other similar expressions. The accuracy of these statements may be impacted by a number of risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including the following risks:

 

   

a slow-down of economic growth in China may adversely affect our growth and profitability;

 

   

declines or disruptions in the travel industry generally could reduce our revenue;

 

   

The trading price of our ADSs has been volatile historically and may continue to be volatile regardless of our operating performance;

 

   

if we are unable to maintain existing travel suppliers and strategic alliances, or establish new arrangements with travel suppliers and strategic alliances similar to those we currently have, our business may suffer;

 

   

if we fail to further increase our brand recognition, we may face difficulty in obtaining new business partners and consumers, and our business may be harmed;

 

   

If we are unable to attract, train and retain key individuals and highly skilled employees, our business may be adversely affected;

 

   

if we do not compete successfully against new and existing competitors, we may lose our market share, and our profitability may be adversely affected;

 

   

our limited operating history makes evaluating our business and prospects difficult;

 

   

our quarterly results are likely to fluctuate because of seasonality in the travel industry in China;

 

   

our business may be harmed if our infrastructure and technology are damaged or otherwise fail or become obsolete;

 

   

our business may be severely disrupted if we lose the services of our key executives; and

 

   

if the ownership structure of our affiliated Chinese entities and the contractual arrangements among us, our affiliated Chinese entities and their shareholders are found to be in violation of any PRC laws or regulations, we and/or our affiliated Chinese entities may be subject to fines and other penalties, which may adversely affect our business and results of operations.

We would like to caution you not to place undue reliance on these statements and you should read these statements in conjunction with the risk factors disclosed in Item 3.D. of this Annual Report, Key Information — Risk Factors and other risks outlined in our other filings with the Securities and Exchange Commission. We do not undertake any obligation to update the forward-looking statements except as required under applicable law.

 

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This excerpt taken from the CTRP 20-F filed Jun 26, 2006.

FORWARD-LOOKING INFORMATION

This annual report on Form 20-F contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “may,” “will,” “expect,” “anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” “is/are likely to,” the negative of these terms, and other similar expressions. The accuracy of these statements may be impacted by a number of risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including the following risks:

 

    a slow-down of economic growth in China may adversely affect our growth and profitability;

 

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    declines or disruptions in the travel industry generally could reduce our revenue;

 

    The trading price of our ADSs has been volatile historically and may continue to be volatile regardless of our operating performance;

 

    if we are unable to maintain existing travel suppliers, or establish new arrangements with travel suppliers similar to those we currently have, our business may suffer;

 

    if we fail to further increase our brand recognition, we may face difficulty in obtaining new business partners and consumers, and our business may be harmed;

 

    If we are unable to attract, train and retain key individuals and highly skilled employees, our business may be adversely affected;

 

    if we do not compete successfully against new and existing competitors, we may lose our market share, and our profitability may be adversely affected;

 

    our limited operating history makes evaluating our business and prospects difficult;

 

    our business may be harmed if our infrastructure and technology are damaged or otherwise fail or become obsolete;

 

    our business may be severely disrupted if we lose the services of our key executives; and

 

    if the ownership structure of our affiliated Chinese entities and the contractual arrangements among us, our affiliated Chinese entities and their shareholders are found to be in violation of any PRC laws or regulations, we and or our affiliated Chinese entities may be subject to fines and other penalties, which may adversely affect our business and results of operations.

We would like to caution you not to place undue reliance on these statements and you should read these statements in conjunction with the risk factors disclosed in Item 3.D. of this Annual Report, Key Information — Risk Factors and other risks outlined in our other filings with the Securities and Exchange Commission. We do not undertake any obligation to update the forward-looking statements except as required under applicable law.

 

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This excerpt taken from the CTRP 20-F filed Jun 22, 2005.

FORWARD-LOOKING INFORMATION

 

This annual report on Form 20-F contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “may,” “will,” “expects,” “anticipates,” “future,” “intend,” “plan,” “believe,” “estimate,” “is/are likely to” or other and similar expressions. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including the following risks:

 

    declines or disruptions in the travel industry generally could reduce our revenue;

 

    if we are unable to maintain existing, and establish new arrangements with travel suppliers similar to those we currently have, our business may suffer;

 

    if we fail to increase our brand recognition, we may face difficulty in obtaining new business partners and consumers, and our business may be harmed;

 

    if we do not compete successfully against new and existing competitors, we may lose our market share, and our profitability may be adversely affected;

 

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    our limited operating history makes evaluating our business and prospects difficult;

 

    we have sustained losses in the past and may experience earnings declines or net losses in the future;

 

    our business may be harmed if our infrastructure and technology are damaged or otherwise fail or become obsolete;

 

    our business may be severely disrupted if we lose the services of our key executives;

 

    if the ownership structure of our affiliated Chinese entities and the contractual arrangements among us, our affiliated Chinese entities and their shareholders are found to be in violation of any Chinese laws or regulations, we or our affiliated Chinese entities may be subject to fines and other penalties, which may adversely affect our business and results of operations; and

 

    other risks outlined in our filings with the Securities and Exchange Commission, including our registration statement on Form F-1, as amended, and our registration statement on Form F-2, as amended.

 

We would like to caution you not to place undue reliance on these statements and you should read these statements in conjunction with the risk factors disclosed in Item 3.D. of this Annual Report, Key Information — Risk Factors. We do not undertake any obligation to update the forward-looking statements except as required under applicable law.

 

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