The Group is a Hong Kong institutional finance advisory service provider authorized through its operating subsidiary Baoji Capital to engage in activities subject to Type 6 (advising on institutional financing) under the Securities and Futures Ordinance. The institutional finance advisory services provided by the Group during the track record period and up to the last practical date include: (i) acting as financial adviser to Hong Kong listed companies and investors in corporate transactions involving mainly compliance with listing rules, GEM listing rules and/or takeover codes to seek control or investment in Hong Kong listed companies; and (ii) acting as independent financial advisors to independent board committees and/or independent shareholders of Hong Kong listed companies.