Business summary
The Group is a group of licensed wholesale travel agents and car rental service providers in Macau that mainly focus on providing business-to-business travel services within the country. The Group's revenue comes from the sale and distribution of hotel rooms; and the provision of automobile rental services based on the following licences and authorizations: the Group's travel agent license in Macau, which allows it to provide automobile rental services for tourism purposes only; and obtaining permission from the Macau Tourism Board, which allows the Group to provide multi-purpose car rental services in Macau; and the sale and provision of air tickets and other travel-related products and services, such as entertainment tickets, buffet vouchers, transportation tickets, travel insurance and visas. The Group's clients are mainly travel agents, companies and individual customers in Macau. The suppliers are mainly hotel operators, travel agents, airlines and entertainment service providers in Macau.
Competitive advantage
Establish good and stable relationships with the Group's major suppliers and customers
Providing customers with a variety of products and services
We offer a variety of hotel rooms
Risk Factors
Limited operating history makes it difficult for the Group to evaluate its operating performance and prospects
Revenue mainly comes from or is generated through Client A, so any decline or loss in Client A's business may have a significant adverse effect on the Group's operations and financial position
Revenue is mainly generated in Macau, and the Group's sales performance is easily influenced by policies and changes in the economic environment of Macau and China
Use of proceeds
Approximately 52.9% was used to expand the group's vehicle fleet
Approximately 16.2% were used to cooperate with more hotel operators to expand the group's business as deposit payments and/or bank guarantees
Approximately 17.4% is used to promote and expand sales channels for corporate and retail customers
Approximately 4.1% was used to improve operational efficiency
Approximately 6.6% were used as employees to expand the group
Approximately 2.8% is used as general working capital