Zhitong Financial APP learned that Bette Group Holdings Limited (Better Home Group Holdings Co., Limited) was the sole sponsor of the hearing through the listing of the Hong Kong Stock Exchange, according to the disclosure by the Hong Kong Stock Exchange on October 29th.

Company profile:

Bette Group Holdings Limited is mainly engaged in the design, development, manufacture and sale of all kinds of common household necessities, such as laundry products, household cleaning utensils, and kitchen utensils. The company's business is export-oriented, and its products are mainly sold to the United States, the United Kingdom, Germany and Australia. For the years ended 31 December 2018, 2019 and 2020 and the four months ended 30 April 2021, the total amount of products sold to these countries was about 302.5 million yuan, 310.9 million yuan, 342 million yuan and 104.6 million yuan respectively, accounting for about 92.0%, 92.3%, 88.9% and 82.8% of the company's total revenue for the corresponding year and period, respectively.

Sales of laundry products to the UK, Germany and Australia accounted for about 85.1%, 86.2%, 79.2% and 75.6% of the company's total laundry revenue for the years ended 31 December 2018, 2019 and 2020 and the four months ended April 30, 2021, respectively. For the years ended December 31, 2018, 2019 and 2020, and for the four months ended April 30, 2021, the company's revenue from selling household cleaning products to the United States accounted for about 84.3%, 85.2%, 84.8% and 71.5% of the company's total household cleaning revenue, respectively. According to the cautionary report, the company ranks second in terms of export earnings in China's clothes rack manufacturing market in 2020, with a market share of about 6.6 per cent.

Financial profile:

The total income of the Company for the years ended 31 December 2018, 2019 and 2020 and the four months ended 30 April 2021 was approximately 329 million yuan, 337 million yuan, 385 million yuan and 126 million yuan respectively.