Yi Feng Holdings ^{Filed Terms, NYSE American: YIFE}

We are a subcontractor in the Hong Kong construction industry specializing in providing (i) civil engineering work services, including permanent electrical engineering works, temporary electrical and plumbing systems, and vertical material handling services, and (ii) steel cutting services for the removal of temporary steel structures at construction sites. We also generate revenue from the sales of recyclable steel collected from our steel cutting projects. Our project portfolio consists of both private and public sectors projects in Hong Kong, which include: (i) residential buildings; (ii) commercial developments; (iii) public housing and government buildings; and (iv) schools, hospitals, and transport infrastructure. Our direct customers are generally main contractors and subcontractors of various building and infrastructure construction projects in Hong Kong and the ultimate owners of the projects undertaken by us mainly include property developers in Hong Kong as well as the Hong Kong government.