Introduction of shares

Main date:

Public release closing date: March 24, 2017 12: 00 noon scheduled due date: March 24, 2017

Announcement application results: March 30, 2017

Listing date: March 31, 2017

The guarantor:

Anxin Rongji (Hong Kong) Limited

Summary of statistics:

Number of shares sold under global sales: 150000000 shares

Proportion of shares sold in Hong Kong: 10.0%

Sales: HK $1.88 to HK $2.38

Estimated collection of funds: HK $282 million to HK $357 million

Income per hand: HK $4807.97

A summary of the collection

Jiyi is one of the municipal forestry and municipal engineering facilities service providers located in Zhejiang Province, serving 12 provinces in the interior, including forestry and municipal engineering construction. Among the projects undertaken by the contractor, the collection serves as the contractor's guarantee for the completion of the project, the main machinery of the lease, the coordination of the parties and the supervision of the progress of the project from construction to maintenance. The collection of forest construction services include undertaking various municipal and private forest projects, including planting trees and flowers, building forest landscapes and carrying out related foundation works, etc. In addition to forestry and municipal works, the market also undertakes (I) construction works, such as the construction of public buildings and temporary databases, and (ii) other works, such as repair works.

According to the data of Frost Sullivan, as of June 2016, Jiji is one of the few construction service providers in China with five types of forest and municipal engineering construction first-level resources.

Industry summary

According to the data of Frost Sullivan, according to the total value of the completed contract value of each year's forestry project, the size of China's forestry industry has increased from 4104 billion yuan in 2010 to 6474 billion yuan in 2015.

The annual growth rate is 9.5%. The sub-market of municipal forestry and chemical markets rose from 1713 billion yuan in 2010 to 2627 billion yuan in 2015, with a compound annual growth rate of 8.9 percent.

Cymbals

Collect and undertake long-term contracts with major customers, mainly generate abnormal income according to the project base. In addition, if the collection fails to estimate the cost correctly or fails to complete the relevant items within the cost estimation of the collection, it will have a negative impact on the operating expenses of the collection.

Valuation

According to the IPO document, as of October 31, 2016, based on the calculation of more than 600 shares expected to be issued after the completion of the sale of the shares, the shares should account for 477 million yuan to 541 million yuan in the value of the consolidated tangible assets that have not been audited and tested. Equivalent to HK $0.80 to HK $0.90 per share of tangible assets (at the exchange rate of HK $1.00 to HK $0.88 per share).

As of the end of December 2016, the estimated profit of the company for the year ended December 2016 was 108 million yuan.