The Group is an interior decoration company located in Hong Kong, focusing on commercial premises (including offices and retail outlets mainly located in Hong Kong). The Group's services include the provision of interior design solutions by internal designers, the appointment of subcontractors to carry out interior decoration works and the coordination, management and supervision of interior decoration works by the project manager.
During the track record period, the Group's projects can be broadly divided into: (I) design and decoration projects, in which the Group is responsible for customized interior design solutions, project management and interior decoration works; (ii) decoration projects, in which the Group is responsible for project management and interior decoration works; and (iii) other interior design and interior decoration services. For the two years ended 31 December 2015 and the six months ended 30 June 2016, the design and decoration projects contributed approximately 93.5%, 73.1% and 84.8% of the Group's total revenue respectively. For the two years ended 31 December 2015 and the six months ended 30 June 2016, decoration projects contributed approximately 5.4%, 23.4% and 11.5% of the Group's total revenue respectively.
In terms of design and decoration projects, the Group assesses the needs of customers who do not have their own interior design ideas, plans or drawings. According to the requirements and needs of customers, the internal designers of the Group formulate and produce customized interior design solutions for customers' consideration. If the customer accepts the interior design proposal of the Group, the Group will produce detailed drawings. The Group will then appoint a subcontractor to carry out the interior decoration works, and the Group will be responsible for the entire project management and supervision of the interior decoration works to ensure the effective and efficient implementation of the project.
For decoration projects, the Group provides quotations or bids to customers who have their own interior design ideas, plans and drawings. If the customer accepts the offer or bid of the Group, the Group will then appoint a subcontractor to carry out the interior decoration works, and the Group will be responsible for the entire project management and supervision of the interior decoration works carried out by the subcontractors.
The Group commissioned a subcontractor to complete the interior decoration works. The Group selects subcontractors to purchase necessary decoration materials and to carry out interior decoration works in accordance with the instructions, requirements, plans and schedules of the Group. In addition to the subcontractors selected by the Group, the customer's building management company may appoint a subcontractor to procure necessary decoration materials and carry out interior decoration works in accordance with the Group's plan and schedule. The Group will also purchase other interior decoration materials from suppliers for subcontractors who are working on the Group's projects.
Since its establishment in Hong Kong in 2009, the Group has served more than 180 customers, including multinational corporations from various industries and listed companies in Hong Kong, such as banking, retail, health care, legal services, catering, education, energy, insurance, telecommunications, property management and logistics management. In order to capture the business opportunities of customers who may expand to the PRC, the Group established a subsidiary in the PRC in 2010.
CEO： Jingwei Liu
Listing Date： 12/08/2016