We are mainly engaged in the subcontracting business of masonry works in Hong Kong. We have over 35 years of experience in undertaking masonry projects in Hong Kong. Our services are mainly provided by the subsidiary Zhenyuan Concrete Engineering Co., Ltd., and the scope of services includes: tile laying, bricklaying, floor paving and marble engineering. We are generally invited by the general contractor to submit bids and obtain the project through a competitive process. Our direct client is the general contractor for various building construction projects in Hong Kong. The Group provides masonry engineering services to the private sector (various building construction projects including residential, community facilities and commercial development projects) and the public sector (including public housing and hospital development projects). Most of my earnings came from private sector projects, which accounted for about 88.0% and 90.5% of the turnover for the two years ended March 31, 2016 and March 31, 2017, respectively. Public sector projects, on the other hand, account for about 12.0% and 9.5%.
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