Company introduction

MIG is a high-end children's clothing design company in China, offering a series of fashion children's clothing products under the brand of "Children's Children". The company mainly sells its products to distributors on June 30, 2013. there are 24 sub-contractors who operate a total of 582 retail stores under the "Child" brand in 24 provinces and municipalities in China, including 308 streets, 62 shopping malls and 212100 companies. In addition, during the previous period, the company also used OEM to produce children's clothing for local and international brands; the company produced some of its own products in Quanzhou City, Fujian Province, and the products were outsourced to domestic OEM production.

For the years ended December 31, 2010, 2011, 2012 and the six months ended June 30, 2013, the annual profits of the company were 7595 million yuan, 7.732 million yuan, 1.1544 million yuan and 4.223 million yuan, 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 $1.96 per share, it is estimated that the income from the sale of shares will be HK $2.693 million. The Board will apply the proceeds to the following purposes: