Business Overview

The Group is principally engaged in the production and sales of processed fruit products on an OEM basis and under our own brands.

i.)  OEM sales in the PRC and overseas markets

Our OEM products are directly sold to brand owners and trading entities. The trading entities in the PRC may further export the products to overseas countries or sell our products in the PRC to brand owners or their agents.

ii.)  Sales of own brand products in the PRC and overseas markets.

Sales of our own brand products are directly made to customers who are distributors and retail-ers. We are currently selling processed fruit products under our own brand “Bingo -My Times-” in the PRC, and we commenced overseas sales to Hong Kong and other foreign markets as well as online sales of processed fruit products under “Tiantong Food” and “Guo Xiao Lan” respe-ctively in 2015.

Packed in metal containers, plastic cups and glass containers with variable volumes

We currently produce and sell processed fruit products packaged in metal containers, plastic cups and glass containers, including but not limited to strawberry, apricot, peach, pear, apple, pineapple and mixed fruit.

For 13 years since the launch in 2003, our processed fruit products in metal containers have been produced and sold on both OEM basis and under our own brands. As at 31 December 2014, we offered more than 55 types of processed fruit products in metal containers packaging with vario-us types of fruit such as apricot, peach, strawberry, apple, pear and mixed fruit.

First offered in 2007, our products in glass containers are produced on OEM basis and under our own brands. Types of fruit range from apricot, peach, pear, strawberry to mixed fruit.

First offered in 2012, our products in plastic cups are produced on OEM basis and under our own brands, offering different types of fruit such as peach, pear and mixed fruit.

Fresh fruit

We primarily procure fresh fruit from a variety of independent suppliers in the PRC, with a majority of them located in Anhui, Shandong and Hebei Provinces. Among the fresh fruit we purchased for our production use, we select a portion of the fresh fruit during the incoming raw materials inspection stage and directly re-sell those to wholesalers in the PRC to increase our overall profitability. Our domestic sales of fresh fruit are not conducted under any particular brand.