Summary of statistics:

Total number of shares sold: 350000000 shares (28.57% of which are unsold shares) share of publicly sold shares: 10.0%

Sales: HK $0.34 to HK $0.42

Estimated collection of funds: HK $85 million to HK $105 million

Income per hand: HK $3393.86

A summary of the collection

Jiyi is a slope contractor who mainly undertakes slope works as the main contractor and conducts land survey works as a subcontractor.

Slope works refer to qualitative landslip prevention and repair works for the improvement or maintenance of slopes or landslides. Most of the slope works in the market are government contracts obtained through solicitation. Slope works include the exploration and installation of earth slips; the construction of soil blocks and the installation of debris flow protection blocks; the design and construction of flexible barriers; the construction of stone blocks; the installation of intrusion prevention and safety measures; and the construction of inclined drainage pipes. Geotechnical survey works include land survey and geotechnical engineering; equipment design, supply and monitoring; and amphibious geotechnical engineering and structural equipment.

Industry summary

According to the Ipsos report, the total output value of slope works in Hong Kong increased from 1.423 billion Hong Kong dollars in 2012 to 1.576 billion Hong Kong dollars in 2016, with a complex annual growth rate of 2.6 percent. According to the report, the total output value of slope works in Hong Kong will reach 1.61 billion Hong Kong dollars in 2021, with a combined annual growth rate of 5.2 percent from 2017 to 2021.

Cymbals

The collection company has been following and will continue to attach importance to the slope works projects of the public utility department. In 2014, 2015, 2016 and the four months ended April 30, 2017, public sector income accounted for about 91.1%, 93.5%, 91.7% and 92.5% of the total revenue, respectively. Contracts between government departments and statutory bodies are generally awarded to contractors in the form of open solicitation to ensure that they will be able to obtain contracts with government departments and statutory bodies in the future. If the bazaar fails to obtain contracts from government departments and statutory bodies, the revenue of the marketing department may be reduced, which will adversely affect the financial transactions.

Valuation

According to the IPO documents, assuming that the global development sale was completed on April 30, 2017, according to the expected development of more than 2.5 shares after the sale of long-term shares was completed, shares should account for HK $154 million to HK $173 million, equivalent to HK $0.11 to HK $0.12 per share.