International Fashion Fashion Retailer, Shang Jin Holdings, Delivers To The Hkex.

In August 5th, the international fashion and apparel retailer Shang Jin (International) Holdings Limited (hereinafter referred to as "Shang Jin Holdings" or "company") submitted the listing application information to the HKEx, showing that the exclusive sponsor is Hing Certification International.

The company was founded in 2005, mainly through multi brand and multi store business mode, in the Greater China region engaged in international brand fashion apparel retail, including famous designer brand, popular global brand, and new brand. At the last practicable date, the company operates 225 self retailing stores in Greater China.

According to the Sullivan report, in 2018, the retail sales value of the company ranked the top of the Macao clothing distributor, with a market share of about 4.3%. In the last practical date, of the total 225 retail stores, 196 retail stores are single brand stores operating with commodity brands, brand oriented customers, 29 retail stores for multi brand stores, international brands selected by a variety of companies and fashion and fashion goods of the company's own brand.

In the 2016 to 2018 fiscal year, the company achieved HK $950 million, HK $1 billion 67 million and HK $1 billion 345 million respectively, and realized gross profit of HK $495 million, HK $590 million and HK $730 million respectively.

The purpose of raising funds: 51 additional retail stores (40 of which are single brand shops and 11 are multi brand stores), to continuously expand the geographical coverage of retail stores in Greater China; upgrade existing retail outlets, refurbish 19 retail outlets in mainland China and Macao, develop new brands, expand brand portfolios and commodities, continue to implement central retail management system, improve operational efficiency, and strengthen online sales to supplement the company's offline sales channels, as well as for general working capital.