Net-a-Go Technology Company Limited
Environmental maintenance business
The environmental maintenance business is headquartered in Chengdu, and is penetrating into other regions in the PRC such as Xinjiang Autonomous Region, Hebei Province and Inner Mongolia Autonomous Region. Its scope of services mainly includes (i) janitorial services for public areas in cities; (ii) classification management of solid waste, bulky garbage and food waste; and (iii) facility maintenance management of refuse collection points. As of 31 December 2020, the Group had a total of 24 environmental maintenance service contracts in progress with the total contract amount of approximately RMB613 million for the remaining contract term.
The Group has been operating four restaurants under the brands, namely “U Banquet” (including “U Banquet • The StarView”), as at 31 December 2019. During the year 2019, the general economy and the business environment of catering industry in Hong Kong remained under pressure. China-US trade war as well as the social incidents since June 2019 affecting the Group restaurants operation. The performance of restaurant operation for both wedding banquet and dining services did not reach the management expectation, the Group had closed five restaurants and sold two restaurants.