Business summary

Haoliang Global is a developing manufacturer and exporter of LED lighting products. Its manufacturing plant is located in Dongguan, Guangdong Province, China. The group mainly manufactures and sells high-quality LED lighting products to customers in North America, Europe and Asia Pacific. In addition, the group's LED lighting products are broadly divided into two categories, including LED decorative light series, mainly used for holiday decoration and LED lighting series, mainly used for indoor lighting, and customers mainly include department stores that operate chain department stores and warehouse retailers, traders Companies and construction companies.

Competitive advantage

The Group has a strong global sales network and the ability to expand its customer base

The group has rich and flexible product development capabilities and strictly controls quality

Risk Factors

Most of the Group's revenue comes from sales to major customers. If the main customers completely end their relationships with the Group and fail to find new customers, the business will be adversely affected

The group does not have a well-known brand name, and its business relies on the LED lighting product industry's perception of the group and the perception of the products

Use of proceeds

Approximately 55% is used to upgrade production facilities

Approximately 25% is used to repay short-term loans and loan leases

Approximately 5% is used to expand product portfolio and enhance product development capabilities

Approximately 5% was used to increase manpower and expand sales channels

Approximately 10% of the group's working capital is used