Company introduction

The company is one of the leading manufacturers and distributors of pearls in Hong Kong with a history of about 30 years. The main business of the company is to design, manufacture and sell high-end diamond jewelry for the main inlaid stones. According to the IPSOS report, in 2014, the company ranked second in the pearl manufacturing and export industry of Hong Kong's high-end jewelry retail division, accounting for about 5.6% of the total market earnings of the beads manufacturing and export industry in Hong Kong. The company's products are positioned for the high-end consumer market according to the average wholesale calculation.

For the years ended December 31, 2012, 2013 and 2014, and for the six months ended June 30, 2015, the revenue of the cluster was HK $542.83, HK $536.29, HK $516.15 and HK $265.80 respectively. The profits for the year / period were 8.098 million Hong Kong dollars, 107.05 Hong Kong dollars, 9044 million Hong Kong dollars and 4.95 million Hong Kong dollars respectively.

The defined use of the proceeds

Assuming that the over-allotment rights have not been exercised, based on the median sales calculation of HK $1.165 per share, it is estimated that the income from the sale of shares will be HK $106.5. The Board will apply the proceeds to the following purposes: