We are a Hong Kong-based distributor of semiconductors and other electronic components, mainly engaged in the supply of digital storage products (including memory and data and cloud products and general electronic components) and free technical support. Our clients are mainly market participants in the TMT industry in mainland China and Hong Kong. Since starting business in 2005, the Group has focused on finding, purchasing, selling and distributing high-quality electronic components produced by brand upstream manufacturers. These upstream manufacturers may not have direct sales channels, so downstream manufacturers of a certain scale usually sell through electronic component distributors (such as the Group). During the track record period, the electronic components sold by the Group can be divided into three types, namely (i) memory products; (ii) data and cloud products; and (iii) general purpose components. In fiscal year 2014 and fiscal year 2015, more than 60% of our revenue came from downstream manufacturers, while in fiscal year 2016, more than 80% of our revenue came from downstream manufacturers. The products we supply are generally used in the production and assembly of enterprise-grade secure servers and electronic products used in everyday life (such as multimedia electronics and smart consumer electronics). It can be broadly divided into three main application categories, namely (i) multimedia devices; (ii) data centers; and (iii) mobile devices. Multimedia devices and mobile devices include set-top boxes, tablets, smart phones, smart TVs, and smart wearables, while data centers generally refer to enterprise-grade secure servo systems.
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