Key Date: Public Offer Deadline: March 22, 2018 at 12:00 noon Announcement Application Results: March 28, 2018 Listing Date: March 29, 2018 Listing Date: March 29, 2018 Sponsor: Dejian Finance Limited Statistical Digest: Number of Shares Offered: 66,000,000 Shares Share of Public Offering: 10.0% Offer Price: HK$1.50 Estimated Capital Raised Amount: HK$99 million Admission Fee per lot: HK$3,030.23 Group Overview Hong Kong undertakes: i) foundation works; ii) superstructure construction works; and iii) other construction works. From April 1, 2014 to September 30, 2017, the Group undertook a total of 46 revenue-generating projects. Among them, the Group mainly engaged in foundation engineering and superstructure construction projects as the chief contractor. During the period, the Group mainly provided services to private sector clients. Most of the projects were related to residential and commercial development and redevelopment projects in Hong Kong. The Group generally obtains contracts from customers through the bidding process. The winning rates for the 2014/15, 2015/16 and 2016/17 financial years were 23.8%, 26.9% and 23.7%, respectively. Industry Overview According to Ipsos data, the total value of construction engineering output in Hong Kong increased from about HK$124.4 billion in 2012 to around HK$187.2 billion in 2016, with a compound annual growth rate of about 10.8%. The total value of this output is expected to increase from approximately HK$209.1 billion in 2017 to HK$247.7 billion in 2021, with a compound annual growth rate of approximately 4.3%. According to Ipsos data, the total revenue of the foundation engineering industry in Hong Kong increased from approximately HK$201 billion in 2012 to approximately HK$20.3 billion in 2016, with a compound annual growth rate of about 0.2%. The total revenue of the foundation engineering industry in Hong Kong is expected to increase from approximately HK$23.1 billion in 2017 to approximately HK$26.3 billion in 2021, with a compound annual growth rate of about 3.3%. Venture Group's revenue sources are highly concentrated in a small number of customers. In the 2014/15, 2015/16 and 2016/17 financial years, the Group's revenue from the five major customers accounted for 82.5%, 88.7% and 68.9% of the Group's revenue. If the number of items awarded to the Group by such customers is reduced and the Group fails to obtain suitable items of similar size and quantity from other customers, the Group's financial situation and operating performance may be significantly adversely affected. The valuation is based on the prospectus. As of September 30, 2017, the net tangible assets value of each share was HK$0.66 per share based on the 264 million shares expected to be issued following the completion of the share sale.