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08471 REACH NEW HLDGS

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  • 0.094
  • +0.001+1.08%
Market Closed Mar 28 16:08 CST
89.30MMarket Cap-3760P/E (TTM)

About REACH NEW HLDGS Company

We are a label solution supplier and one-stop garment ingredients manufacturer and supplier based in China. Our products can be broadly divided into three categories, namely (i) printed products (such as tags, price tags and stickers); (ii) woven labels (such as woven brand labels, woven size labels and badges); and (iii) printed labels (such as printed brand labels, printed size labels and washing labels). We also purchase and sell other clothing accessories to our customers, such as webbing, hangers, leather cards, buttons and metal products. Over the performance period, we have served more than 1,100 customers, more than nine major clothing brands and procurement companies, accounting for more than 85% of total revenue. Our customers include (i) Chinese clothing brand companies; (ii) purchasing companies designated by clothing brand companies; and (iii) Chinese clothing manufacturers. Clothing brand companies and purchasing companies will place orders directly with selected suppliers such as us or direct clothing manufacturers to place orders, so the directors believe it is important that we become the selected supplier of the clothing brand company or its purchasing company in order to obtain orders. As the selected supplier of such clothing brand companies and purchasing companies, we manufacture products and procure other clothing ingredients according to the design and specifications of the clothing brand company or purchasing company, and ultimately sell products to customers for use as clothing ingredients, such as labels or tags for finished clothing products. In addition to manufacturing and purchasing different clothing ingredients, the Group also provides customers with various value-added services. Starting from the early production stage, customers can place orders with us using our online system or through our sales and marketing department. The Group will then provide customers with guidance and assistance in product design and technical feasibility of material application. At the production stage, the Group also verifies and protects the brand's intellectual property rights, such as trademarks, etc., through the system, and ensures the accuracy of variable data such as price and washing data through quality control procedures. The Group also stores such data and provides backup data sources to customers. After the production phase, the Group uses this online system to enable customers to track the delivery status of ordered products. According to the Frost & Sullivan report, there are more than 1,000 garment ingredient manufacturers in China that specialize in printed products, woven labels, and label printing. As a result, as of 2016, China's garment ingredients industry was relatively fragmented, with the five major players accounting for only about 9.2% of the total market in terms of sales revenue. The Group's sales revenue in 2016 accounted for 0.9% of the market share, ranking 7th in China's garment ingredients industry. With a strong track record of over 15 years as a well-established label solutions supplier and one-stop garment ingredients manufacturer, and the huge growth potential of China's apparel ingredients industry, the directors believe we will definitely be able to catch up with the successive demands of China's garment ingredients industry.

Company Profile

Symbol08471
Company NameREACH NEW HLDGS
ISINKYG739531047
Listing Date07/21/2017
Issue Price0.30
Shares Offered200.00M share
Founded01/22/2016
RegistrationCayman Islands
ChairmanXuanyi Sha
SecretaryMeihua Chen
Audit InstitutionEvergreen (Hong Kong) Certified Public Accountants Limited
Company CategoryOther
Registered OfficePO Box 1350 Regatta Office Park Windward 3 Grand Cayman KY1-1108 Cayman Islands
Head Office and Principal Place of BusinessRoom 203, 2nd floor, K83, 83 Dalian Pai Road, Kwai Chung, New Territories, Hong Kong
Fiscal Year Ends12-31
Employees232
MarketGEM
Phone(852)35251275
Emailinfo@sthl.com.hk
Business The company (together with its subsidiaries, collectively referred to as the “Group”) is a labelling solutions supplier and one-stop clothing ingredient manufacturer and supplier based in China. The group is mainly engaged in the production of three types of products, namely (i) printed products (such as tags, price tags and stickers); (ii) woven labels (such as woven brand labels, woven size tags and badges); and (iii) printed labels (such as printed brand labels, printed size labels and wash labels). The group also procures and sells other clothing ingredients such as webbing, tags, hangers, leather tags, buttons and metal products to Chinese customers. The company's customers include (i) clothing brand companies, (ii) purchasing companies designated by clothing brand companies, and (iii) Chinese clothing manufacturers.

Company Executives

  • Name
  • Position
  • Salary
  • Qiyuan Lin
  • Compliance Officer,Authorized Representative,Executive Director
  • --
  • Qichang Lin
  • Executive Director
  • --
  • Xuanyi Sha
  • Chairman of the Board,Executive Director
  • --
  • Rongsheng Li
  • Executive Director,CEO
  • --
  • Honghai Zhu
  • Independent Non-Executive Director,Nomination Committee Chairman,Audit Committee Member,Remuneration Committee Member
  • --
  • Gengjin Lin
  • Nomination Committee Member,Independent Non-Executive Director,Audit Committee Members,Remuneration Committee Chairman
  • --
  • Mingxiao Liu
  • Nomination Committee Member,Remuneration Committee Member,Audit Committee Chairman,Independent Non-Executive Director
  • --
  • Feifei Chen
  • Finance Director
  • --
  • Meihua Chen
  • Company Secretary,Authorized Representative
  • --

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