Business summary
The Group is a long-established printing service provider with a history of over 38 years in the commercial printing industry in Hong Kong, mainly providing commercial printing and financial printing services in Hong Kong. The Group's commercial printing service clients include reputable banks, insurance companies, corporate clients and their advertising agents and fund companies in Hong Kong. In 1995, the Group expanded its business to provide financial printing services to Hong Kong listed companies and listing applicants. In addition, the Group has its own production base in Hong Kong to provide customers with one-stop solutions from design, layout, translation, printing, nailing, mail processing and direct mailing.
Competitive advantage
The Group has a long operating history and a good reputation in the printing industry
The Group is in a leading position in the Hong Kong commercial printing market and has outstanding brand recognition
The group set up its own internal printing factory and internal translation team in Hong Kong
Risk Factors
Rely on selling to key customers
Digitalization of information reduces demand for printing materials, which may reduce customer print orders
Changes in customer preferences or consumption patterns may have a significant adverse effect on the Group's business
Use of proceeds
About 3.7% is used to establish existing customer relationships and develop new relationships
Approximately 90.2% will be used to purchase permanent office space in line with business expansion
Approximately 6.1% is used to upgrade and purchase new equipment, hardware and software