Huafeng Group Holdings Limited is an investment holding company. The Company, through its subsidiaries, supplies yarn products and fabric processing services for the textile industry. The company provides fabric processing services that range from bleaching and dyeing, to setting and finishing. It is also engaged in the cotton yarn spinning and grey fabric manufacturing businesses. Its subsidiaries include TREASURE WEALTH ASSET LTD, Huafeng Resources Investment Limited, Capital Palace Investment Ltd, Wealth Key Investment Ltd, Huafeng Strategies Investment Limited, Elite League Investment Ltd., Huafeng Textile (Lianyungang) Co.Ltd, Huafeng Knitting Co.Ltd, Fujian Fenghua Textile Co.Ltd, Linfeng Dyeing & Weaving Co.Ltd, Huafeng Technical Services Ltd, Huafeng Trading Macao Commercial Offshore Ltd, Powerful China development Ltd, ShiShi Huarun Knitting & Dyeing Co. Ltd., United Glory Development Ltd, Jiangxi Fenghua Weaving Co.Ltd., and Million Crown Int'l Holdings Ltd.

Founded in Fujian Province in 1988, Huafeng Group Holdings Limited is a family-run business that has built upon its dynamic and successful history to become a leader in the manufacture and export of fabrics and cotton yarns.

Today, Huafeng works closely with its customers in the local and international textile community to offer a portfolio of high-value products and services that range from fabric bleaching and dyeing, to setting and finishing.

Aside from its fabric processing services, Huafeng expanded into the cotton yarn spinning and grey fabric manufacturing businesses in 2003 and today manages four production facilities strategically located in the heart of China's textile manufacturing centre in Shishi City, plus two factories in Lianyangang and Jiangxi respectively.

Listed on the Hong Kong Stock Exchange, the Group employs a workforce in Hong Kong, Macau and the PRC of more 2,370 people, and for the year ended 30 September 2008 amounted to approximately HK$806.7million (2007: approximately HK$747.1million), representing an increase of approximately 8.0% over last year. Profit attributable to shareholders for the year was approximately HK$91.0 million, representing a decrease of approximately 13.6% over last year. The turnover of fabric segment amounted to approximately HK$686.2 million during the year ended 30 September 2008, and the turnover of yarn segment registered a stable growth during the year under review.