1. IPO purchase proposal:

Pan Asia International is a leading provider of landscape design services in China and Hong Kong. The Chinese landscape design industry is segmented and fragmented, and the company's total revenue from Chinese projects accounted for 0.6% of the total revenue of China's landscape design service industry in 2013. The company provides a wide range of landscape design services, including landscape assessment, planning, design and other related consulting services, which have benefited more than 600 customers. The various landscape design projects undertaken by the Group can be divided into four categories: 1) tourism and hotel projects; 2) infrastructure and public space projects; 3) commercial and multi-purpose development projects; 4) residential development projects.

The company has a professional project team and extensive brand awareness, and has a solid customer base in China and Hong Kong. The company has Class B qualification and has the qualification and ability to undertake government landscape design projects. According to the IPO document, Fanya International made a profit of HK $37.77 million for the year ended December 31, 2013. assuming there is no over-allotment option, the IPO price is equivalent to the 2013 price-to-earnings ratio of 10.6 to 12.7 times, the valuation is reasonable, and it is recommended to participate carefully.