Company introduction The company is a leading enterprise in the large-scale road maintenance machinery industry of China Railway. It mainly engages in machinery manufacturing and sales, parts sales and service, product overhaul services, and railway line maintenance services. In terms of sales volume in 2012, 2013 and 2014, the company separately accounted for about 83.5%, 82.0% and 83.1% of the sales volume of China Railway large-scale road maintenance machinery in that year. Based on an insight report, based on sales revenue of major railway road maintenance machinery manufacturers in 2014, the company ranked first in Asia and second in the world. For the year ended December 31, 2012, 2013 and 2014, and the six months ended June 30, 2015, the company's revenue was divided into RMB 2,863.65 million, RMB 3,169.03 million, RMB 3,476.72 million, and RMB 1,794.59 million. In the same period, the profit attributable to the parent company was RMB 224.69 million, RMB 286.89 million, RMB 354.86 million, and RMB 225.83 million. The intended use of the proceeds assumes that the overallotment rights have not been exercised. Based on the median offer price of HK$5.485 per share, it is estimated that the net proceeds from the sale of shares is approximately HK$2,760.4 million. The Board of Directors intends to use the net proceeds for the following purposes: