Business summary

Established in Hong Kong in 2008, Ai Century Group is mainly engaged in apparel supply chain management services. The services include product development, raw material procurement, production management, quality control and logistics arrangements. The main products include jackets, woven shirts, pullovers, pants and shorts, and T-shirts. The Group does not have its own brand. All products are produced in accordance with the standards and requirements provided by customers. Additionally, the Group's products are sold to more than 30 countries, the US and France for their two major product markets. Also in other European countries, such as the Netherlands and the United Kingdom, As well as sales in other regions such as Australia, Canada and Japan.

Competitive advantage

The Group provides a full range of apparel supply chain management services

The group establishes business relationships with well-known international fashion brands

The Group is capable of providing flexible production solutions for a wide range of clothing products and accessories

Risk Factors

The Group relies on a number of major customers and does not enter into long-term contracts with them

Businesses have to endure intense competition from competitors that hire South Asian and Southeast Asian producers at low cost

Facing business risks involving US and French clients and Brexit

Use of proceeds

Approximately 65.4% was used to establish additional local offices in the US and France

Approximately 15.1% was used to set up quality control offices in China to expand operations

Approximately 13.4% was used to repay bank loans

Approximately 6.1% is used for general working capital