Business summary

Zhicheng Technology Group is a supplier of intelligent manufacturing solutions. It focuses on precision 3D inspection solutions and precision machining solutions in China. The group's solutions include and integrate various equipment and services, usually covering everything from solution concept and design, machine procurement, auxiliary tools and software and system installation and testing to providing after-sales services such as technical support and training. The group currently has established sales and marketing sites in five different regions of China, with the head office in Guangzhou, supported by experienced technical support from an experienced team of experienced professionals in Beijing team.

Competitive advantage

Ability to provide high-quality intelligent manufacturing solutions

Strategically located sales team with a broad market feel

Strong expertise with intelligent manufacturing applications combined with effective collaboration with professors and researchers from well-known institutions of higher learning

Risk Factors

The group has no continuous long-term business relationships with customers, and may not be able to obtain projects in the future

Facing risks related to contracts and related bidding procedures for national companies

Group operations may be adversely affected by lack of quality machines or auxiliary tools

Use of proceeds

Approximately 47.7% was used by the group to establish its own R&D centers in Beijing and Guangzhou, as well as R&D expenses, recruitment and training for technical staff

Approximately 27.0% was used for business expansion, including setting up sales branches in different regions of China, expanding office space, recruiting personnel and training

Approximately 15.3% is used to organize seminars, participate in local and international exhibitions, and develop advertising plans

Approximately 10.0% is used for general working capital