INTRODUCTION

 

Sino Haijing Holdings Limited (‘the Group’) is a company registered in Cayman Islands and listed on the Main Board of the Stock Exchange of Hong Kong (Stock Code: 1106). The principle activities of the Group are production and sale of expandable polystyrene (“EPS”) and paper honeycomb packaging products.  

To sustain the momentum in the corporate, the Group is seeking for transit to tourism industry recently. Following completion of acquisition of Master Race Group in March 2016, the Group is granted an exclusive ticketing agency right for a popular cultural show namely Impression Liu Sanjie ( 印象刘三姐 ) in Guangxi Province, the PRC, for a term of 20 years. Impression Liu Sanjie is an outdoor night show and stages in the actual Li River. The mist, moonlight, together with peaks and their inverted reflections in the river all creates a spectacular natural backdrop which presents a visual feast to audiences. There are 600 actors and actresses involved and Zhang Yimou, the chief director of the performance, creatively combines the classical Liu Sanjie’s folk songs and ethnic group culture together and presents a large-scale realistic performance in harmony with landscape.

In July 2016, the Group completed the acquisition of Golden Truth Enterprises Limited, which owns Dongxing Pingfeng Rainforest Scenic Spot ( 东兴屏峰雨林景区 ) located at Dongxin County in the southern part of Guangxi Province neighboring Vietnam in the west. Dongxin County covers an area of about 590 sq km, renowned for its natural landscape and scenic beauty. The National Tourism Scenic Spot Quality Grading Assessment Committee has granted the aforesaid scenic spot the status of “4A-Category” scenic spot.

In view of the prosperity of the health care in the PRC, the Board considered it is an attractive opportunity for the Group to enter healthcare industry in the PRC. In September 2016, the Group acquired the entire issued share capital of Xian Tai International Limited (“Xian Tai”). Currently, Xian Tai provides operation and management entrustment services related to traditional leisure and healthcare massages to eight shops in the PRC and is aiming to upgrade to a professional healthcare management institution.

Currently, the Group has been granted an approval from the local Government in Halong City, Vietnam to invest in a large performance project tentatively titled “Dream Memory - Halong Bay” in Halong City, Vietnam. With strong management team who has solid experience in tourism, entertainment and cultural industries, the Company is optimistic about the prospects of the Group in the future.