Company introduction

Yide International is the developer of domestic commercial logistics centers, and its services are focused on third-and fourth-tier cities, as well as optional commercial logistics centers in second-tier cities. As of September 30, 2013, the company has developed ten commercial logistics center projects in seven provinces and autonomous regions of China, seven of which are large-scale commercial logistics centers. The company's operating experience is affected by factors such as China's economic growth, the supervision measures of the real estate industry and the company's control of construction costs. In the past record period, the company has received a great deal of government assistance for logistics center projects in Shanghai, Shanghai, Yulin, Wuzhou and Luozhou. For the three years ended December 31, 2012 and the six months ended June 30, 2013, the total amount of government assistance received by the company was 8.56 million yuan, 2.659 million yuan, 5.869 million yuan and 3.885 million yuan, respectively.

For the three years ended December 31, 2012, its annual income was 122 million yuan, 2.104 million yuan and 5.071 million yuan, respectively, while that for the six months ended June 30, 2013 was 1.443 million yuan.

The defined use of the proceeds

Assuming that the over-allotment rights have not been exercised, based on the median sale calculation of HK $2.15 per share, it is estimated that the proceeds from the share sale will be HK $158.36 million.