Prospects and Future Plans
Apart from our commitment to the development of our principle business, we will actively make progress to generate growth and strive for potential and new business opportunities. The Group plans to further its growth in existing business by strengthening its marketing capabilities and expanding its product portfolio through enhancing software development, with a view to further enlarging its market share in Hong Kong and Macau and becoming one of the active biometrics identification solutions providers in the PRC. As such, the Group plans to utilise the net proceeds from the initial public offering of the Share by way of share offer pursuant to the Prospectus on (i) expanding the business in Southern China; (ii) improving its information technology system; and (iii) setting up a new and separate software development center in the PRC to further enhance and develop the Group’s software.