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Public company info - China Fortune Investments (Holding) Ltd. , 08116.HK
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China Fortune Investments (Holding) Ltd., 08116.HK - Company Profile
Chairman -
Share Issued (share) 3,031,000,000
Par Currency Hong Kong Dollar
Par Value 0.005
Industry Alcoholic Drinks & Tobacco
Corporate Profile Business Summary: Wine, Cigar and Golf products retail and trading business and trading of internationally renowned watch brands and luxury and prestigious jewelleries in Hong Kong. Performance for the year: For the year ended 31 December 2020 (the “Year”), the consolidated revenue of the Group from continuing operations was approximately HK$23.32 million and HK$62.84 million in 2019.Profit attributable to shareholders of the Company was approximately HK$201.14 million for the Year, compared with the loss of approximately HK$129.12 million for the year ended 31 December 2019. Business Review: Wine and cigar business I Products Maxpark Group sells a wide variety of wine products including red wine, white wine, champagne, whisky and other liquors and spirits, with particular focus on premium red wine produced from the leading wineries in France, namely Château Lafite Rothschild in Pauillac, Château Latour in Pauillac, Château Margaux in Margaux, Château Haut-Brion in PessacLéognan and Château Mouton Rothschild in Pauillac. The origins of the wine are mainly from France, the United States and Italy. Moreover, Maxpark Group has also become the exclusive distributor in Hong Kong and Macau of Vuelo, Guapas and Koa series (produced by Nobel Chile) since January 2020. Maxpark Group also sells cigar and tobacco which are considered to be complementary to the needs of the customers for the wine products. II Suppliers Maxpark Group sources its wine products from both overseas and local wine distributors and merchants. Overseas suppliers include wine distributors and merchants from leading wineries in France, United Kingdom, the United States, Italy, Chile and Australia. Maxpark Group obtains its supplies for cigar and tobacco products from local distributors. III Customers The customers for Maxpark Group’s wine products include corporations engaging in entertainment, travel, restaurants and luxury products businesses and high net-worth individuals. IV Storage Maxpark Group’s wine inventories are stored either at its retail shop or at external warehouses which are equipped with automatic air-conditioning system to control the humidity and temperature of the storage environment. Golf business I Products Maxpark Group sells a wide range of golf related products including golf club, ball, shoes, glove, clothing and other accessories of various reputable brands from different countries. II Suppliers Maxpark Group mainly sources its golf products from local distributors with the exception of “Kasco” brand products which are sourced directly from Kasco’s Japan and Taiwan offices. Maxpark Group is the sole distributor in Hong Kong of “Kasco” brand golf products. “Kasco” is a well-known Japanese golf brand with over 50 years’ history. In February 2020, Maxpark Group has entered into a formal agreement with the manufacturer of “Kasco” brand products to be the sole distributor in Hong Kong and Macau of “Kasco” brand golf products to 2024. Maxpark Group will also source products from overseas suppliers according to customers’ needs. III Customers The customers for Maxpark Group’s golf products include individual retail customers, local corporate customers such as banks and large corporations. Wholesale customers are mainly local golf clubs and golf retail shops. Wine, cigar and golf products retail stores Maxpark Group currently operates one shop for retail of wine products, cigar and tobacco and one shop for retail of golf products. The two shops are leased properties located next to each other at Shun Tak Centre, Sheung Wan, Hong Kong and occupy a total gross floor area of approximately 4,100 square feet. In March 2020, Maxpark Group also launched its online shops for its wine products (http://www.queenswaywine.com.hk/) and golf products (http://www.queenswaygolf. com.hk/). Watch & jewelleries business I Products Queensway Watch will focus on high-grade watch products. Tourbillion, luxury watch or miniature painting watch are main products of Queensway Watch. II Supplier Queensway Watch bought watch products mainly from manufacturers directly in the United States and Switzerland. The suppliers, including Corum, Girard Perregaux, Audemars Piguet and Bovet 1822, are large and well-known luxury watch producers in the market. III Customers The customers for Queensway Watch mainly include high net-worth individuals. Group’s other business The Group had no significant acquisition or disposal of investments during the year ended 31 December 2020. Prospects: According to the Hong Kong SAR Government, the injection of COVID-19 vaccines under the territory-wide COVID-19 vaccination programme is crucial to the resumption of the normal ways of life in Hong Kong. The Group is optimistic with the retail businesses after the resumption. Furthermore, the Group continues to explore any other new potential investment opportunities to improve the Group’s standard performance and returns to its shareholders.

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