1. IPO Purchase Proposals The proposed subscription company produces and sells processed fruit products packaged in metal cans, plastic cups and glass bottles. Revenue increased from approximately RMB 300.3 million in 2012 to approximately RMB 370.5 million in 2013 and further increased to approximately RMB 447.7 million in 2014. Most of the company's revenue comes from domestic sales. Domestic sales accounted for about 90.3%, 88.4% and 92.3% of our total revenue for 2012, 2013, and the year ended December 31, 2014, respectively. The company launched online sales in April 2015. In order to expand our customer base and attract the attention of different customer groups, the products we sell through our online shopping platform will not be duplicated by the products we sell through our physical sales and distribution networks. The company's net profit for 2012-2014 was RMB 58,70.9,89.3 million, respectively, and the net interest rate remained 19.3%, 19.1%, and 19.9%. The recommended offering price is HK$1.28-1.68 per share, which is equivalent to 11-15 times PE. It is recommended to subscribe carefully.