Xingquan International Sports Holdings Limited was incorporated in Bermuda under the Bermuda Companies Act on 15 December 2008 as an exempted company limited by shares under the name of Xingquan International Sports Holdings Limited. On 11 February 2009, our Company was registered in Malaysia as a foreign company. Our company commenced business on 1 June 2009.
Our Company's principal activities are investment holding and provision of management services and our Group is principally engaged in the manufacturing of shoe soles and shoes and sales of shoe soles, shoes, apparels and accessories. The principal activities of our subsidiaries are as follow:
| Name | Date and place of incorporation | Principal activities/(Intended principal activity)* |
|---|---|---|
| Addnice Holdings | 20 March 2008 HongKong |
Investment Holdings (no change) |
| Addnice China | 7 March 2006 PRC |
Inactive (Manufacturing of shoes and sales of shoes, apparels and accessories) |
| Addnice Sports | 1 August 2003 PRC |
Manufacturing of shoes and sales of shoes, apparels and accessories (Inactive) |
| Xingquan Plastics | 31 January 2000 PRC |
Manufacturing and sales of shoes soles (no change) |
| Xingquan Footwear | 8 February 1999 PRC |
Least of factory and land (no change) |
* We intend to change the current principal activities of our subsidiaries as disclosed above by 2011 in order to benefit from tax incentives presently available to us.
Our Business
We are a sports and leisurewear enterprise based in Quanzhou City, Fujian Province, PRC engaged in the manufacture and distribution of outdoor and indoor sports and leisure shoes, apparel and accessories with a strong focus on brand management and product development.
Our Products
Shoe Soles
Comprise athletic shoe sole products designed for specific sporting activities such as running, tennis, basketball and mountain climbing, as well as leisure shoes.
Outdoor and Indoor Sports and Leisure Shoes
Comprise mainly of outdoor sports shoes designed for specific outdoor and indoor sporting activities such as running, tennis, basketball and mountain climbing, as well as leisure shoes, marketed under our "Addnice" brand.
Outdoor and Indoor Sports and Leisure Apparels and Accessories
Comprise apparels for specific outdoor and indoor sporting activities such as running, tennis, basketball and mountain climbing and leisure and functional apparels such as t-shirts, polo shirts and windbreakers and accessories such as sport bags, caps, socks and head and wrist bands, designed for various outdoor and indoor sporting activities and marketed under our ˇ°Addniceˇ± brand.
