Times Group Holdings Limited (the “Company” or “Times Group”) and its subsidiaries (collectively, the “Group”) is one of the world's top high-end brands and manufacturers of luxury handbags, small leather goods, travel goods, and footwear products, and is also a brand distributor in Greater China. The Group is mainly engaged in the design, R&D, manufacture, sales, retail and wholesale of handbags, small leather goods, travel goods and footwear products, providing advertising and marketing services, and property investment. Since 2011, the Group has entered the rapidly growing handbag retail market in China and has become a vertically integrated handbag and small leather products company. The Group currently owns two in-house brands, Tuscan's and Fashion & Joy. In addition, the Group has exclusive distribution and operation rights for the international brand Cole Haan in mainland China, Hong Kong, Macau and Taiwan.