About NAMYUE HOLDINGS Company

Nanyue Holdings Limited (former name: Guangdong Tannery Co., Ltd.) was established in 1995 and successfully listed on the Hong Kong Stock Exchange the following year. On June 30, 2015, the company's total consolidated assets were HK$0.699 billion and net assets were HK$0.34 billion. Guangdong Leather Co., Ltd. mainly owns three subsidiary companies in Xuzhou, Jiangsu Province, China, namely Xuzhou Nanhai Leather Factory Co., Ltd., Xuzhou Gangwei Leather Co., Ltd., and Guangdong Leather (Xuzhou) Co., Ltd. (“Xuzhou Production Base”). The company has always adhered to the concept of compliant management and honest operation. In 2014, it was selected as an honest enterprise in the “Top 10 Cowhide Upper Leather Rankings” by “China Leather” magazine, and continuously pursues technological progress and technological innovation. It was selected by World Leather Magazine as one of the two outstanding tanneries in China and the best recommended tannery in China in 2013, and won the only annual leather innovation award in the world. The Xuzhou production base uses advanced tannery technology and production and R&D equipment from countries such as Italy, the United States, and Japan to produce imported and domestic high-quality cowhide leather, with a maximum annual production capacity of 48 million square feet. Due to the large quantity, variety, unique style, stable quality, and thoughtful pre-sales and after-sales service, the products are very popular at home and abroad, especially among domestic shoe manufacturers and well-known brand manufacturers.