Major Shareholder:

• Mr. Li Sze Tang and his wife ¡V 12.0% interest

The Company is an investment company to be principally engaged in the investments in listed and unlisted companies mainly in Hong Kong and the PRC. The Company was incorporated in the Cayman Islands under the Companies Law as an exempted company with limited liability on 28th June, 2002. As at the Latest Practicable Date, the Company had not commenced any operation or business and the only asset of the Company comprises a cash balance of $3 million.

The investment objective of the Company is to achieve short to medium term (i.e less than one year to five years) capital appreciation mainly through investment in a diversified portfolio of listed an unlisted company mainly in the Hong Kong and the PRC.

The company is an investment company incorporated in the Cayman Islands with the primary objective of achieving short to medium term (i.e. less than one year to five years) capital appreciation by investing in listed and unlisted companies mainly in Hong Kong and the PRC. The Company also intends to invest in unlisted companies with the potential to seek a listing on the Stock Exchange or any overseas stock exchanges.

At least 50% of the Company's assets will be invested in equity securities, convertible notes, preference shares, options, warrants, futures contracts, debt securities, mutual funds and unit trusts issued or managed by listed and unlisted companies in Hong Kong and the PRC, or such other types of investments in accordance with the investment objectives and policies adopted by the Company from time to time and the requirements of the Memorandum, the Articles, the Listing rules and the Investment Management.

Investment will normally be made in the form of equity related securities and debt instruments in listed and unlisted companies engaged in different industries including (but not limited to) information technology, manufacturing, pharmaceutical, service, property, telecommunications, life and environmental and infrastructure sectors. This helps to maintain a balance in the Company's exposure to different industry sectors and to minimize the effect on the Company of any downturn in any particular sector.

• 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.
• There can be no assurance that Shares will experience trading or pricing patterns similar to those of securities with a correlation to PRC investments traded on the Stock Exchange or any other securities exchange.
• There is no guarantee that the Company's investment objective will be achieved based on the investments selected.
• 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$18.0 million (based on the offer price HK$0.5 per shares). The net proceeds from the New Issue will be applied in funding the investments in accordance with the investment objective and investment approach. Any proceeds not invested will be deposited with the Company's bankers.