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On September 12, the HKEx also lodged a company to apply for information. The company is listed on the GEM, and the sponsors are listed on the GEM. Product portfolio, enhance R&D capabilities, increase sales staff, expand sales channels and use as working capital. Zhitong Finance has learned that Haoliang Global is an LED lighting manufacturer and exporter with more than 10 years of experience in the industry. The production plant is located in Dongguan, Guangdong. The lamps produced by the company mainly include decorative lamps and indoor lighting. The products are mainly sold to North America and Europe. And customers in the Asia Pacific region. At present, the company's largest shareholder is Shao Guoliang, founder and chairman of the board of directors, holding 78% of the shares. According to the application materials, on March 25 last year, Yan Liang Global and Vanke entered into an agreement, Shao Guoliang transferred 22% of the shares to Vanke for 8 million Hong Kong dollars. The author is informed that Vanke here refers to Vanke Creation Co., Ltd., a company incorporated in Hong Kong in 2011, which is wholly owned by Ms. Giang. Apart from this shareholding, there is no significant development since its inception. business. As of the end of April this year, Yanliang Global achieved revenue of HK$121 million, a year-on-year decrease of 12.7%. Among them, decorative lamps accounted for 47.9% of the total, and indoor lighting accounted for 52.1%. Net profit was HK$11.767 million, an increase of 30.7% over the same period last year of HK$9 million. It is worth noting that as of the end of April this year, the sales of the top five customers of Yanliang Global accounted for 95.6% and 86.1% of the total sales, respectively, of which the largest customers accounted for 42.2% and 29.1%. According to the author's understanding, Yanliang Global's customers often place orders according to actual needs, and the two parties have not signed any long-term agreements with purchase requirements, which leads to the risk of customer concentration in the company. If the customer reduces orders or losses, it may adversely affect the company's performance.