Fuguiniao Co., Ltd. (“Fuguiniao” or the “Company”, together with its subsidiaries, the “Group”) is a major, established manufacturer and seller of footwear and a well-known seller of business casual menswear in China. The company mainly focuses on the research & development, production and sales of men’s and women’s leather shoes, business casual menswear and leather accessories. The business scope covers brand operation, design research & development, procurement, production and sales. According to industry report, the Company was the third largest manufacturer of branded business casual footwear products and the sixth largest manufacturer of branded men’s and women’s footwear products in the PRC in terms of retail revenue for the year of 2012.