About Us

Our History and Business Development Our business can be traced back to December 1978 when our factories were established in Hong Kong to principally engage in the manufacturing and selling of sewing threads. We moved our factories and manufacturing process from Hong Kong to the PRC from 1995 and have continuously been improving our operation efficiency. In 2008, with vision on the prosperous future of the Group, Mr. Wong Kowk Wai, Albert, acquired the Group. Milestones in our Business Development The following events are the key business development milestones of the business of our Group: December 1978 Our factories were established for operation in Hong Kong June 1993 Guangzhou Xinhua was incorporated January 1995 Our manufacturing process was moved from Hong Kong to Guangzhou and we commenced to build up relationships with PRC customers November 2000 Guangzhou Xinhua was awarded with ISO 9001 certificate issued by DNV GLBusiness Assurance, the Netherlands Our Corporate Developments and Reorganisation At present, our Group had either established or reorganised a number of operating subsidiaries to carry out our businesses. The major corporate developments including major shareholding changes of members of our Group which were material to the performance of our Group during the past are set out below: Tseyu International Trading Company Limited Newchamp Industries Limited Guangzhou Xinhua Threads Company Limited In June 2017, we commenced the Reorganisation in preparation for the Listing. In anticipation of the Listing, we undertook a restructuring exercise whereupon our Company became the holding company and listing vehicle of our Group. The following chart sets forth our shareholding structure immediately upon completion of the Capitalisation Issue and the Share Offer (assuming the Offer Size Adjustment Option is not exercised and taking no account of any Shares to be issued upon the exercise of any options that may be granted under the Share Option Scheme to be adopted by our Company):