Commencing operation since October 2017, we are a Hong Kong-based financial services provider principally engaged in the provision of corporate finance advisory services, through our indirect wholly owned operating subsidiary, Red Solar, which is a licensed corporation under the SFO to conduct Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities in Hong Kong. (Incorporated in the British Virgin Islands)

Our corporate finance advisory services mainly comprise the following:

• Listing sponsorship and securities related services:

(a)     Listing sponsorship services:    Being one of the 127 active licensed sponsors in Hong Kong licensed under the SFO as of May 1, 2023 to provide listing sponsorship services in Hong Kong, we act as the sponsors to companies pursuing listing on the Main Board and GEM, advising and guiding the companies and their directors throughout the listing process, and performing all duties of a sponsor as required under applicable rules and regulations, in return for the sponsor’s fee.

(b)    Securities related services:    Pertinent to our listing sponsorship services, we also provide securities related services, including: (1) underwriting and placing services, principally as “sponsor-overall coordinator”, for listing applicants who we provide listing sponsorship service, pursuant to the Sponsor Coupling requirement by the Hong Kong Stock Exchange, in return for underwriting or placing commissions and/or fees; and (2) other ancillary services, such as referral services to the underwriting, placing and other fund-raising exercises conducted by other underwriters, placing agents, financial institutions, in return for referral commissions and/or fees.

• Financial and compliance advisory services:    We also provide financial and compliance advisory services under our Type 6 (advising on corporate finance) license, in return for a fixed or monthly advisory fee. By acting as:

(a)     financial advisers (i) to listed companies in Hong Kong as well as their shareholders and investors advising them on the terms and structures of proposed transactions, and the relevant implications of the Hong Kong regulatory framework, which primarily included the Main Board Listing Rules, GEM Listing Rules, and Takeovers Codes, in relation to the transactions; and (ii) to clients pursuing listing on other stock exchanges;

(b)    independent financial advisers to the independent board committee and independent shareholders of listed companies in Hong Kong rendering recommendations and opinions; and/or

(c)     compliance advisers to listed companies in Hong Kong and advise them on post-listing compliance matters.

Since the commencement of the corporate finance advisory business of Red Solar, we have actively participated in the equity capital market in Hong Kong. Our clients comprise both smaller and larger private and listed companies from a spectrum of industry sectors, based in Hong Kong, countries in Southeast Asia, and Mainland China. The market capitalization of our listed clients ranges approximately from around HK$100 million to over HK$20 billion.

Note: Revenue and net income are in U.S. dollars (converted from Hong Kong dollars) for the year that ended June 30, 2022.

(Note: Vittoria Ltd. filed an F-1/A on Oct. 20, 2023, and disclosed terms for its IPO: 2.0 million shares at $4.00 to $5.00 to raise $9.0 million. Vittoria Ltd. filed its F-1 dated Aug. 2, 2023, without disclosing terms for its micro-cap IPO. The Hong Kong-based financial services holding company submitted confidential IPO documents to the SEC on Feb. 9, 2023.)