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01523 PLOVER BAY TECH

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  • 5.700
  • -0.120-2.06%
Trading Mar 21 13:27 CST
6.28BMarket Cap21.27P/E (TTM)

About PLOVER BAY TECH Company

We are a reputable SD-WAN router supplier focusing on the design, development, promotion and sale of our products and services. Our products and services are used by corporate users (such as multinational companies) and industry users (including transportation, retail and education industries). The SD-WAN router market is part of the global router market. According to the Quocirca report, we were the fifth largest international SD-WAN router supplier in 2015 by revenue value. Furthermore, according to the Quocirca report, the SD-WAN router market is expected to grow at a CAGR of 31.8% from 2015 to about $1.51 billion in 2020. Since our establishment in 2006, we have been focusing on developing SD-WAN routers to help organizations solve their WAN connection problems, including increasing their bandwidth, reducing their network costs, and ensuring the stability of WAN connections, so that they can use email to achieve key resources such as enterprise resource planning, file sharing, and video conferencing. We promote and sell our products and services to customers and end users under our own brands “Peplink” and “Pepwave”. Our revenue mainly comes from selling our self-developed SD-WAN routers, divided into wired and wireless routers, and running our proprietary patented SpeedFusion (a technology specially designed to connect multiple WAN connections and create secure private networks). Additionally, our revenue comes from software licensing (including InControl cloud services to manage our devices) and the provision of warranty and support services related to SD-WAN router products. We mainly sell products and services through an extensive network of distributors (all independent third parties) in different regions of the world. As of December 31, 2015, we had a total of 415 distributors in around 70 countries. In November 2015, we were awarded the 2015 Deloitte Hi-Tech Fast Growth China Top 50 and Tomorrow's Star, in recognition of our continuous innovation and pursuit of excellence. As of June 18, 2016, we have obtained 9 US patents and 1 UK patent, and have more than 150 international patent applications.

Company Profile

Symbol01523
Company NamePLOVER BAY TECH
ISINKYG713321035
Listing DateJul 13, 2016
Issue Price0.50
Shares Offered250.00M share(s)
FoundedMay 5, 2015
Registered AddressCayman Islands
Chairmanyongkang chen
Secretaryyu wang
Audit InstitutionErnst & Young
Company CategoryOverseas registration of Mainland Individuals control
Registered OfficeP.O. Box 31119 Grand Pavilion Hibiscus Way, 802 West Bay Road, Grand Cayman KY1-1205 Cayman Islands
Head Office and Principal Place of BusinessFlat B, 5th floor, Dragon Cheung Industrial Building, 93 King Lam Street, Lai Chi Kok, Kowloon, Hong Kong
Fiscal Year Ends12-31
Employees180
MarketHong Kong motherboard
EmailSALESsales@ploverbay.com
Business Heng Wan Technology Co., Ltd. is an investment holding company. The company and its subsidiaries are primarily engaged in the research, design, development, and sale of software-defined wide area network (SD-WAN) routers, and provide software licenses, warranty, and support services. The company's products and services are used by corporate users, such as multinational companies and industry users. The SD-WAN router division mainly provides wired and wireless routers bundled with embedded software and firmware. The company mainly operates in countries and regions such as Hong Kong, Taiwan, the United States, Malaysia, Canada, Mexico, the United Kingdom, Singapore, France and Israel.

Company Executives

  • Name
  • Position
  • Salary
  • yongkang chen
  • Presidencies, Executive Director, Founder, Chairman of the Risk Management Committee, Chairman of the Nomination Committee, Remuneration Committee Chairman, Authorized Representative
  • 541.00K
  • jiehuai zhou
  • CEO, Executive Director, General Manager, Member of the Risk Management Committee
  • 235.00K
  • mingpei zhuang
  • Executive Director, Director of Hardware Engineering
  • 235.00K
  • yu yang
  • Executive Director, Director of Software Engineering, Member of the Risk Management Committee
  • 235.00K
  • zhiying zhao
  • Executive Director
  • 44.00K
  • jiantian yu
  • Independent Non-Executive Director, Audit Committee Members, Nomination Committee Members, Remuneration Committee Members
  • 15.00K
  • zhilin he
  • Independent Non-Executive Director, Audit Committee Members
  • 15.00K
  • sicong wen
  • Independent Non-Executive Director, Chairman of the Audit Committee, Nomination Committee Members, Remuneration Committee Members
  • 15.00K
  • yu wang
  • Authorized Representative, Company Secretary
  • --
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