Main date:

Public release closing date: 12: 00 noon on May 25, 2018

Announcement application results: may 31, 2018

Listing date: June 1, 2018

Introduction of shares

Guarantor:

First Shanghai Rongji Co., Ltd.

Summary of statistics:

Number of shares sold: 50000000 shares

Proportion of shares sold publicly: 10.0%

Sales: HK $1.20 to HK $1.36

Estimated collection of funds: HK $6000 to HK $6800

Income per hand: HK $2747.41

A summary of the collection

The market mainly produces and sells plastic bottles and breast-feeding accessories, which are located in Hong Kong and the production base is located in Shaoguan City, Shaanxi Province, China. The marketing division is I) OEM service: mainly produces and sells plastic bottles and cups and plastic water bottles in overseas markets according to OEM mode; ii) sells plastic bottles and bottles in China market mainly under the brand name of "consumer goods".

According to the Euromonitor report, the market share of the total export value of bottles and baby-feeding accessories exported by Hong Kong and China to the United States in 2017 was about 3.3%. Calculated according to the export value of Hong Kong and China to the United States, Jinji ranked first among OEM manufacturers of bottles and baby-feeding accessories in 2017.

Industry summary

According to Euromonitor data, calculated according to the value of sales of manufacturers, the market size of Chinese bottles and baby-feeding accessories made by OEM increased from 79.852 billion yuan in 2013 to 108.064 billion yuan in 2017, with a combined annual growth rate of 7.9 percent. It is expected that the market regulation model will reach about 132.867 billion yuan in 2022, with a combined annual growth rate of 4.2% from 2017 to 2022.

According to Euromonitor data, in terms of export value, exports of bottles and breast-feeding accessories from China and Hong Kong to the United States increased from US $448.8 million in 2013 to about US $5.287 in 2017, with a compound annual growth rate of about 4.2%.

Cymbals

The source of collected customers is concentrated. In the year ended December 31, 2017, the revenue from the five major customers accounted for 77.6% of the total revenue, and the revenue from the major customers accounted for 68.8% of the total revenue. If such major customers no longer operate or overload the list size in the future, it may have a significant adverse effect on the business and business performance of the collection. In addition, due to the concentration of customers, it may be necessary for their products to negotiate ideal and commercial terms with such customers.

Valuation

According to the IPO document, as of the end of December 2017, shares should account for HK $0.72 to HK $0.76 per share of tangible assets as calculated on the basis of the 2.0 or so shares expected to be issued after the completion of the sale of the shares.