其他

We have fully inherited Zijin Mining’s advantages in the area of resource and reserve expansion. We also benefit from the advanced geological exploration technology and self-developed equipment from Zijin Mining.

We issued the US$50,000,000 convertible debentures to Gold Mountains (H.K.) on December 13, 2019.

Upon completion of the Spin-off, the businesses of our Group and the Zijin Mining Group will be clearly delineated.

As our flagship brand launched in 2000, MAOGEPING was named after our founder, Mr. Mao (“Mr. Mao”).

As of the Latest Practicable Date, Mr. Mao and Ms. Wang were collectively interested in approximately 57.26% of our total issued share capital

We believe our Group’s success does not solely rely on the empowerment by Mr. Mao, and our various sales and marketing means, establishment of extensive sales channels and experiential and personalized customer service, product quality, strong brand reputation established over the years and independent daily management and operations carried out by an experienced senior management team contributed to our success and will remain as the major and collective factors to the success and sustainability of our Group.

Immediately following completion of the Spin-off (without taking into account any Shares which may be issued pursuant to the exercise of the Over-allotment Option), Far East Horizon will directly hold approximately 71.72% of the total issued share capital of our Company and will also be entitled to control the exercise of voting rights in respect of the Shares held by Farsighted Wit Limited (representing approximately 5.52% of the total issued share capital of our Company) at our general meetings.

Our Directors are of the view that there is clear business delineation between Far East Horizon Group and our Group.

The business models, customer and suppliers and underlying assets of Far East Horizon Group (excluding our Group) are different and clearly delineated from those of our Group.