Our history traces back to July 1974 when our first operating subsidiary, Kong Tai Sundry Goods, was incorporated in Hong Kong with Mr. Chu as one of founding members and directors. In 1974, we began our wholesale and retail of a range of goods (including footwear) in the local market in Hong Kong. In the 1990s, we began to focus on wholesale and retail business of footwear as part of our new business strategy. We have acquired from C&J Clark and since maintained the exclusive distribution right of Clarks products in Hong Kong and Taiwan for more than 20 years and Macau since 1997. Our said exclusive distribution right has been subsisting at all material times and has never been suspended. We gradually developed our distribution network and expanded our sales operation to Taiwan during the 2000s.
Our major business focused on the wholesale and retail of lifestyle comfort footwear products of international brands in Hong Kong, Taiwan and Macau. With the continuous growth of our business, we opened our first chain store in Hong Kong under our own brand “S. Culture” (鞋文化) in 1996. In the same year, we opened the first Clarks store in Hong Kong. To bring in more stylish and comfortable footwear into the foregoing markets, we acquired the right to distribute and sell footwear products of a German brand, Josef Seibel, in Hong Kong, Macau, Taiwan, the PRC, Thailand and Malaysia from Josef Seibel GmbH in 2004. In 2005, we established our second chain store under the brand ‘‘shoe mart’’ in Hong Kong with a competitive pricing strategy to attract budget customers.In 2012, we opened our third chain store ‘‘SCOOPS’’ in Hong Kong which targets younger generation of customers.