The Company was incorporated in the Cayman Islands as an exempted company with limited liability on 14 September 2001. The Company is an investment companies and will be principally engaged in investments in listed or unlisted enterprises established or having substantial business in the Greater China. The Company has not commenced operation or business since its incorporation.

The Directors are responsible for the formulation of the Company's investment objectives and policies and, in particular, all investment and divestment strategies and guidelines. The principal investment objective of the Company is to achieve medium to long-term capital appreciation mainly through investments in listed and unlisted companies in the Greater China having substantial operation in the PRC.

Investment will normally be made in the form of equity related securities and/or debt securities in listed and unlisted companies in Greater China engaged in different industries including (but not limited to) manufacturing, bio-technology, services, telecommunication, technology, infrastructure, pharmaceuticals and property sectors aiming at maintaining a balance in the Company's exposure to different industry sectors.

Where possible, the Board and the Investment Manager would seek to identify investments where there is a certain degree of synergy with other investee companies and where cooperation between such companies would be of mutual benefit to each other.

The investment are intend to be held for medium-term to long-term (i.e. one to five years) capital appreciation. The actual holding period will be dependent on the return from investment and the potential of listing on the Stock Exchange or other international recognized stock exchanges.

• The income from the investments and the Net Asset Value may go down as well as up, among other things, the then prevailing market conditions.
• Investment by the Company is subject to market risks and there can be no assurance that the Company's investment objective will be realized.
• The Group intends to invest in companies or enterprises established in the PRC, while it is difficult for the Group to realize such investments.
• The Group is a newly established investment company with no historical track record and the profit or value of the company relies on the expertise of the Directors.

As at the Latest Practicable Date, the Company has no outstanding mortgages, charges, debentures or other loan capital or bank overdrafts, loans or other similar indebtedness or hire purchase commitments of finance lease commitments or any guarantees of other material contingent liabilities. Since the Company has on outstanding indebtedness, the Directors are of the view that the Company has sufficient liquidity and financial resources to meet its capital expenditure requirements.

The net proceeds from the Placing, after deducting the related expenses, are estimated to amount to approximately HK$93.0 million (based on the offer price HK$1.00 per share). The net proceeds from the New Issue will be applied in funding the investments in accordance with the investment objective and investment policies adopted by the Company. The following illustrates the expected initial investment distribution of the Company: