Our group The Company and its subsidiaries (collectively, the “Group”) are located in Hong Kong and have been operating under the current name of the Group in the Hong Kong securities industry for over 20 years. We are mainly engaged in providing (i) securities trading and brokerage services; (ii) placement and underwriting services; (iii) financing services, including securities and margin financing for the sale of new shares; and (iv) Asset management services. Our services mainly relate to stock and debt securities trading on the Hong Kong Stock Exchange. We also provide ancillary services for holding securities in our name. The main business activities described above are carried out by us through Taiping Foundation Securities Limited (“PFSL”) (an operating subsidiary of the Company). PFSL is a licensed corporation that can engage in Type 1 (securities trading) and Class 9 (asset management) regulated activities under the Securities and Futures Ordinance.
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