Business summary

Weicheng International Holdings is a clothing supply chain management service provider headquartered in Hong Kong. It provides one-stop solutions for customers in Europe (mainly Germany). The group's main service areas include market trend analysis, product design and development, search for suppliers, production management, logistics services and quality control. In addition, customers can use the service supply chain management services provided by the contracting group without having to appoint different suppliers for various types of services in the apparel supply chain. It is sufficient to concentrate resources on the retail business and respond quickly to the ever-changing changes in the fashion industry.

Competitive advantage

The group's vertically integrated business model can provide one-stop apparel supply chain management services

The Group has strong business relationships with customers in the European apparel retail market

The group has a complete network of suppliers to manufacture clothing products based on customer needs

Risk Factors

The group relies on a small number of key customers

Failure to respond to fashion trends and changes in customer preferences may worsen group business expression

The group's operating performance may be adversely affected by increased raw material or labor costs

Use of proceeds

Approximately 10.3% was used to strengthen the group's relationships with existing customers and develop new customers to continue the growth of the group

Approximately 53.9% was used to set up a new showroom to showcase the group's product mix

Approximately 6.7% was used to strengthen the group's design and development capabilities to develop new design series

Approximately 2.3% was used to improve the group's quality control process

Approximately 16.8% was used to repay bank loans

Approximately 10% is used as general working capital