Group Overview The group is a supplier of automotive plastic electroplating parts, serving many international first-class suppliers and vehicle manufacturers. The group manufactures and sells (i) electroplated automobile interior mainly used in passenger vehicles, such as internal handles, steering wheel parts, and transmission lever covers, etc.; and (ii) electroplated automotive exterior parts, such as outer door handles, fog lamp rings, and taillight panels. The Group's products are generally used in passenger vehicles of world-renowned luxury car brands. By region, in 2016, 43.7% of the group's revenue came from China, 30.0% from North America, and 22.6% from Europe. According to Frost & Sullivan's report, according to the 2016 revenue schedule for automotive plastic electroplating parts, the group is the second largest supplier and largest exporter in China. Industry Overview According to Frost & Sullivan's report, automobile sales in China rose from 18.5 million vehicles in 2011, with a compound annual growth rate of 8.7%, to 28 million vehicles in 2016; it is expected that from 2016 to 2019, the compound annual growth rate will increase by 5.6% to 33 million vehicles in 2019. Also, according to Frost & Sullivan's report, automobile sales in North America increased from 15.6 million vehicles in 2011 to 21.2 million vehicles in 2016; it is expected to rise to 22.9 million vehicles in 2019. According to Frost & Sullivan's report, automobile sales in Europe increased from 19.7 million vehicles in 2011 to 19.9 million vehicles in 2016; it is expected to rise to 2.1 million vehicles in 2019. The performance of risk groups may be affected by potential changes in US trade policies and laws. North America is one of the Group's main markets, and the Group plans to establish a production base in Mexico as an export platform to the US. If the US government issues any laws restricting trade, the group's export business may face the risk of sales interruption or cancellation and high costs. The valuation is based on prospectus documents. As of December 31, 2016, according to the calculation of the 1.0 billion shares issued in the forecasting period following the completion of the share sale, shareholders should have accounted for a net value of 1,668 billion to 1,729 billion yuan of tangible assets, which is equivalent to the adjusted net value of tangible assets per share of HK$1.91 to HK$1.98 (RMB 1.147 to HK$1.147 in unaudited financial statements).