Business Overview Financial Summary

Minxin International Holdings specializes in the manufacture and sale of baby clothes and baby clothes, and mainly sells such baby fabric products through the following channels, including direct sales to overseas brand companies or designated purchasing companies mainly located in Hong Kong, the United Kingdom and the United States, and the sale of its own brand “mides” products at self-operated retail stores and department stores in Hong Kong, as well as third party brand peripherals and department store counters, as well as third-party brand peripherals and the original brand group that sells wholesale products in Hong Kong, China and Macau, and the current business. At the time, there are 10 self-operated retail stores and 12 department store counters in Hong Kong.

Competitive advantage

The Group has established long-term relationships with many major customers and suppliers

Business relationships

The goal is to provide a high standard of high-quality baby cloth products

The Group is in an advantageous position to expand the production business of the original brand in Hong Kong

Risk Factors

The Group is heavily dependent on export sales, and its associated inherent risks may adversely affect the composition of operations, operating results and financial conditions

Groups must bear the risk of exchange rate fluctuations

We must bear the risk of credit loans from OEM customers

Use of proceeds

Approximately 35.7% was used for upgraded production facilities

Approximately 30.7% was used to strengthen sales and marketing efforts

Approximately 15.5% is used to strengthen the Group's R&D capabilities for the Chinese market

Approximately 10.2% is used to finance revolving bank loans

Approximately 7.9% is used for general working capital