About MILLENNIUM PG Company

The Group is mainly engaged in the development, manufacture and sale of consumer electronics products such as fitness bracelets, GPS personal navigation devices, mobile networking devices, TV set-top boxes, and the provision of application software development services (“Main Business”). The Group provides customers with one-stop services by providing design, prototype/prototype manufacturing, manufacturing, assembly and packaging products. The Group's revenue for the year ended December 31, 2019 (the “Reporting Period”) was approximately HK$301.2 million, an increase of approximately 289.1% over HK$77.4 million for the year ended December 31, 2018 (the “same period”). The increase in revenue was mainly due to the following items: (1) sales of manufactured products increased by about HK$2.0 million or 9.0% over the same period; and (2) trade sales of electronic products, accessories and raw materials increased by about HK$224.3 million or 456.3% over the same period. The increase in revenue exceeded the decrease in the provision of application software development services over the same period, or about HK$2.4 million, or 38.2%.