Ozner Water Establishes Finance Leasing Company to Commence Commercial Factoring Services

Ozner Water International Holding Limited
2015-08-03 13:26 2063

HONG KONG, Aug. 3, 2015 /PRNewswire/ -- Ozner Water International Holding Limited ("Ozner Water" or "the Company", HKEx stock code: 2014, and its subsidiaries collectively the "Group") is pleased to announce that, the Group has incorporated a wholly-owned subsidiary, Small Dragon (Shanghai) Lease & Finance Co. Ltd. (''Small Dragon''), in Shanghai Free Trade Zone. Small Dragon is principally engaged in finance leasing business and commercial factoring business and has received the licenses from related management committee to operate such businesses.

Mr. Xiao Shu, Chairman and Chief Executive Officer of the Group, said, "The establishment of Small Dragon is beneficial for the Group to enter into the financial sector. The newly established company will also help to resolve the liquidity problem of the water purifying business both at the upstream and downstream, including distributors and suppliers. Sufficient liquidity would encourage distributors to expand their water purifying businesses rapidly. Apart from broadening the existing revenue sources of the Group, the new business development helps to accelerate our penetration of water purifying machines in the end market and enhance the profitability of the Company."

About Ozner Water International Limited

OZNER's two business lines include water purification and air purification. Different from the traditional one-time sales mode, Ozner Water adopted a revolutionary business model, which provides water purification service while charging annual rental, providing a unique advantage in the market. The Group has established a directly managed service teamover 150 cities in 30 provinces (service network of which covers over 500 cities/counties/towns in its surroundings) in China, and constructed relevant logistics and warehousing facilities to ensure efficient service and high renewal rate. Ozner Water originates the "cloud water purification technology", which enables the Group to remotely manage the water purifiers by mobile phone network. This technology reminds customers and the after-sale staff the issues of purifier's filter expiration and purifier failure. In addition, the Company uses CRM system in its customer service center in headquarter to maintain customer relationship and convey customers' need timely, while Ozner Water's air purification dedicates to provide solutions and services in the field of healthcare, foods and electronics.

Source: Ozner Water International Holding Limited
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