The Group is a leading independent property management company in China, mainly engaged in property management business and co-marketing business. On September 30, 2015, the Group expanded its business to 28 cities in China, contracted to manage 164 residential or non-residential properties; the Group also contracted to provide co-marketing services in 72 projects. Furthermore, according to the China Index Research Institute, the Group ranked third among independent property management companies in China in terms of comprehensive industry in 2013, and ranked ninth in the 2014 “China Top 100 Property Service Companies” ranking compiled by the China Top 10 Real Estate Research Group and the China Index Research Institute. The Group's revenue for the year ended December 31, 2014, and the five months ended May 31, 2015 was respectively RMB 197.45 million, RMB 290.28 million, RMB 361.20 million and RMB 168.53 million. For the same period, the Group's total profit and overall revenue attributable to the owners of your company were approximately RMB 12.80 million, RMB 33.07 million, RMB 56.03 million and RMB 17.02 million, respectively One million yuan. The intended use of the proceeds assumes that the over-allotment rights have not been exercised. Based on the median offer price of HK$1.89 per share, the net proceeds from the sale of the shares are estimated to be approximately HK$298.0 million. The Board of Directors intends to use the net proceeds for the following purposes: