Money Lending Business
Since November 2014, Top Billion Finance Limited, an indirect wholly-owned subsidiary of the Company which is also a licensed money lender in Hong Kong under the Money Lenders Ordinance (Chapter 163 of the laws of Hong Kong), has entered into long term and short term loan agreements with individuals and reputable companies respectively. As a result, the money lending business of the Group has grown to a considerable size. The Group believes its lending business will bring a reasonable return and broaden the profit base of the Group. The Group will continue to take cautious measures with the expansion of its money lending business.