The Company is an investment company to be principally engaged in the investments in listed and unlisted companies mainly in region. The Company was incorporated in the Cayman Islands under the Companies Law as an exempted company with limited liability on 14th May, 2002. As at the Latest Practicable Date, the Company had not commenced any operation or business.

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 region.

The Company will invest 45% of assets in equity securities, convertible notes, preference shares, options, warrants or debt securities issued by listed companies and approximately 45% of the Company's assets will be invested in those issued by unlisted companies in the Region; and approximately 10% of the Company's assets will be maintained in cash and or cash equivalents.

The Company's investment will normally by made in the form of equity or equity related securities and/or debt securities in listed and unlisted companies engaged in different industries including (but not limited to) information technology, manufacturing, life sciences and environmental services, telecommunications, infrastructure, pharmaceuticals an property sectors aiming at maintaining a balance in the Company's exposure to different industries sectors in order to minimize the impact on the Company of any downturn in any particular sector.

The Company may invest in other fields in which the Board believes that there are prospects of earnings growth and/or capital appreciation. In particular, the Company will seek to identify businesses or entities with a potential or record of profit growth, strong management, high levels of technical experience and research and development capabilities as well as management commitment to the long-term growth of such companies.

• 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$93.0 million (based on the offer price HK$1.0 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.