IPO Plus - IPO

Name▼ / Code▲	Industry	Listing Price	Lot Size	Entry Fee	Phillip Grey Market	Futu (HK) Grey Market
New Gonow RV 00805.HK Grey Market Today	Automobile Manufacturers	Pending	2,000	3,313	-	-	Detail Quote
Yibin Bank 02596.HK Grey Market Today	Diversified Banks	Pending	1,000	2,747	-	-	Detail Quote
Last update:

Name▼

Code▲

Industry

Listing Price

Lot Size

Entry Fee

Phillip Grey Market

Futu (HK) Grey Market

New Gonow RV
00805.HK

Grey Market Today

Automobile Manufacturers

Pending

2,000

3,313

Detail Quote

Yibin Bank
02596.HK

Grey Market Today

Diversified Banks

Pending

1,000

2,747

Detail Quote

Last update:

	Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
	Saimo Tech 02571.HK	Application Software	12-18	200	3,636	2025/01/10	2025/01/14	2025/01/15

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

Saimo Tech
02571.HK

Application Software

12-18

200

3,636

2025/01/10

2025/01/14

2025/01/15

Summary

We are a leading brand e-commerce retail and wholesale solutions provider in China strategically focused on Japanese-branded fast-moving consumer goods or FMCG, consisting of, among others, beauty products and personal care products. According to the CIC Report, we achieved a GMV of RMB4.0 billion from overseas FMCG brand e-commerce services in 2019, ranking tenth in the China overseas FMCG brand e-commerce service market with a market share of 1.2%. According to the same source, we ranked first among brand e-commerce solutions providers in China in terms of GMV for Japanese-branded FMCG sold through e-commerce channels in China in 2019, with a market share of 5.5% while the top five service providers in China collectively held a market share of 20% in terms of GMV in 2019. As Japanese FMCG brands have grown in popularity and became important players in the Chinese e-commerce business, the market size of the Japanese FMCG brand e-commerce service market increased at a CAGR of 43.1% from RMB12.2 billion in 2014 to RMB73.3 billion in 2019. It is expected to further increase by 12.6% to RMB82.5 billion in 2020, and to RMB111.4 billion by 2024 at a CAGR of 8.7% from 2019 to 2024, according to the CIC Report. OUR BUSINESS MODEL We act as the bridge between brand partners, e-commerce platforms and consumers in China. We operate our business primarily through distribution method and service fee method. Under the distribution method, we purchase products from selected brand partners, manage Chinese and cross-border supply chains, identify and reach target consumers through omnichannel marketing, and sell products to consumers through online marketplace stores operated by us, which we refer to as our business-to-consumer or B2C model, or to e-commerce platforms or other distributors which in turn sell to consumers, which we refer to as our business-to-business or B2B model. Under the service fee method, as a supplement to the B2C and B2B models, we also provide solutions to brand partners or other customers for service fees, usually at a pre-agreed amount, and/or performance-based service charge, which we refer to as our provision of services business. Under the distribution method, we believe the value provided for the brand partners by our services or solutions of establishing their online presence, promoting their product popularities, operating their distribution channels and increasing their online sales volume, which do not generate direct revenue, is embedded in the price spread we earn from product sales to our consumers. Under the service fee method, we charge our service fees usually at a pre-agreed amount and/or performance-based service charge. Under the distribution method, we procure the products from brand partners with the title of products transferred, store inventory, and derive price spread from the procurement from brand partners and the sales to customers, which has taken into account the volume rebates received from our brand partners as a reduction to the procurement price. Under the service fee method, we do not own the products in the course of service or stock any inventory, but mainly assist in operating stores established by brand partners and providing services to them for service fees. See “Industry Overview – China Brand E-commerce Service Market – Overview of the China Brand E-commerce Service Market”. During the Track Record Period, we mainly adopt the distribution method to provide our brand e-commerce retail and wholesale solutions, which we believe can effectively strengthen our relationship with brand partners by getting involved in multiple stages of their operations and providing them with inventory support. We believe that such brand e-commerce retail and wholesale solutions enhance our value to brand partners, though they do not generate any direct revenue under the distribution method. We also believe this distribution method could set us apart from competitors with less financing capabilities and it has contributed to our track record of serving a portfolio of renowned Japanese brand partners. The following diagram illustrates our relationship with brand partners and our business operations under the distribution method. Leveraging our deep industry experience and strong brand analysis and data analytics capabilities, we assist the brand partners in designing the operation and marketing strategies for our sales through multiple channels under both B2C and B2B models. The following table sets forth the breakdown of revenue by business lines for the periods indicated. Our revenue generated under the B2B model through general trade decreased from RMB1,014.6 million in 2019 to RMB841.6 million in 2020, primarily because we stopped selling products of brand A in 2020. Our revenue from our provision of services business decreased from 2019 to 2020 because we stopped to provide online operating services to TCC in 2020. Source: UNQ Holdings (02177) Prospectus (IPO Date : 2021/06/28)
Listing Market	MAIN
Industry	e-Commerce & Internet Services
Background	Others
Major Business Area	N/A

Corporate Information

Substantial Shareholders	WANG Yong (38.82%) Transcosmos Inc. (34.52%)
Directors	WANG Yong (Chairman and Chief Executive Officer and Executive Director) SHEN Yu (Vice President and Chief Financial Officer and Executive Director) CHEN Weiwei (Executive Director) NAKAYAMA Kokkei (Non-Executive Director) NG Kam Wah Webster (Independent Non-Executive Director) WEI Hang (Independent Non-Executive Director) XIN Honghua (Independent Non-Executive Director)
Company Secretary	SHEN Yu Ng Sau Mei
Principal Bankers	DBS Bank (Hong Kong), Limited Sumitomo Mitsui Banking Corporation
Solicitors	Clifford Chance
Auditors	BDO Limited
Registered Office	31st Floor, Tower Two, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong
Share Registrars	Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628]
Share Registrars Tel No	(852) 2862-8628
Internet Address	http://www.youquhui.com
Email Address	[email protected]
Tel No
Fax No

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