(Auto Parts Wholesalers)
Dear Esteemed Dealers,
We regretfully announce the retirement of Mr. Henry, the founding partner for our firm, regarding to his ill-health and old age. He will, however, continue to be associated with the firm as a senior adviser in an honorary capacity, should his services be needed.
Undoubtedly, we shall all feel the absence of his active support at the moment when the auto mobile industry is passing through a difficult time because of the government’s recent policy dec15i05.
We assure you, however, that we stand firm in our commitment to the constitution and name of the firm. The share of the capital withdrawn by Mr. Henry is being made up for by the other partners. The capital and other assets of the firm arc, therefore, in no way affected.