Company Description

Junee Limited is a holding company limited by shares and established under the laws of the British Virgin Islands on August 25, 2021. It is a holding company with no business operation and uses a structure that involves an operating subsidiary based in Hong Kong. This structure involves risks to the investors, and Chinese regulatory authorities could disallow this structure, which would likely result in a material change in OPS HK’s operations and/or a material change in the value of the securities we are registering for sale, including the risk that such event could cause the value of such securities to significantly decline or become worthless. Investors are cautioned that you are buying shares of a BVI holding company with operations solely conducted in Hong Kong by its subsidiary, OPS HK. You are not directly investing in, and may never hold equity interests of OPS HK. Investing in our Ordinary Shares involves a high degree of risk, including the risk of losing your entire investment. --- Our subsidiary, OPS HK provides quality interior design, fit-out and maintenance services to both residential and commercial clients in the Hong Kong interior design market. Since its inception, it has been dedicated to including preliminary consultations, conceptualizing clients’ design ideas with layout plans, and producing detailed design drawings. The fit-out work generally includes any activities intrinsic to making an interior space suitable for residential or commercial purposes. OPS HK also provides a broad range of repair and maintenance services, including routine home condition upkeep services. OPS HK won the Muse Design Award in 2020, and was the given Most Valuable Companies in Hong Kong Award 2020 by Mediazone. Our vision is to successfully utilize the best and the brightest professionals in the industry in Hong Kong. We strive to cultivate, retain and nurture talent by providing a career rather than a job. We endeavor to foster an employment environment with prosperity and growth. We pride ourselves on, and constantly strive toward, enhancing our HK subsidiary’s ability to provide the best solutions to our clients. Our corporate philosophy is to provide clients with quality services with stable partnerships through the professionalism of top-notch designers, project management team and business managers. With a group of distinguished designers, OPS HK is structured in such a way to offer the best-in-class solution and services to the clients in Hong Kong by leveraging technology to provide clients with creative experience and efficient solutions. We generate revenues primarily from providing design, fit-out and repair and maintenance services. For the fiscal years ended June 30, 2023 and 2022, our total revenue was $6,140,731 and $9,620,570, respectively. Our gross profit and net profit were $1,278,307 and $38,678, respectively, for the fiscal year ended June 30, 2023, as compared to our gross profit and net loss which were $1,447,963 and $65,911, respectively, for the fiscal year ended June 30, 2022. Our goal is to increase our market share and grow our business by expanding OPS HK’s customer base and service capacity. We believe that the following competitive advantages enable us to capture opportunities in the interior design industry and differentiate OPS HK from its competitors: • Experienced Management Team. Junee will be led by our experienced management team comprised of two executive directors, Mr. Yee Man Thomas Law and Mr. Wai King (Vincent) Or and our CFO Raymond Tong. Our Hong Kong subsidiary, OPS HK, is led by three executive directors (Mr. Yuk Ki (Francis) Chan, Mr. Siu Lai So and Mr. Sai Kit (Dicky) Yip) and a project manager (Mr. Chung Han Leung). Each of Mr. Chan, Mr. So, and Mr. Yip, has over 33, 30 and 31 years of experience in the interior design and fit-out industry, respectively. Additionally, as the chief designer, Mr. So, and the other two heads of design have over 30, 15 and 10 years of experience in the interior design and fit-out industry, respectively, and are capable of adapting our services to the needs of different project types. • Stable Relationships with A Number of Clients. Through over 23 years of operating history in the interior design and fit-out industry in Hong Kong, OPS HK has established strong client loyalty and developed stable relationships with its recurring clients. For the two fiscal years ended June 30, 2023 and 2022, OPS HK had 27 and 22 recurring customers, respectively. These recurring customers represented approximately 64.3% and 56.4% of the total number of its customers, respectively, for the corresponding financial year. The aggregate revenue from such clients amounted to $4,210,572 and $6,450,611, representing approximately 68.6% and 67.1% of the total revenue, for the corresponding financial year, respectively. • Strong Working Relationships with Subcontractors. OPS HK’s network of Hong Kong fit-out subcontractors and interior design professionals continues to create design solutions that facilitate satisfying results for the customers. The business relationships OPS HK maintains with its five largest subcontractors (in terms of revenues) range from one year to over ten years. The longest business relationship has reached over 10 years, as of the date of this prospectus. OPS HK has a list of internally approved subcontractors that it works with consistently during the course of business, and the management chooses subcontractors based on a series of considerations, such as the sufficiency of staffing and other resources, and technical capability. According to the Industry Information Sheet, the good relationship with subcontractors also allows OPS HK to achieve consistent quality of services with predictable project budgets and overall satisfying performance. --- Our principal executive offices are located at Studio 20, 11 F, International Plaza, 20 Sheung Yuet Road, Kowloon Bay, Kowloon, Hong Kong and out telephone number is (+852) 2780 7733. Our registered office in the British Virgin Islands is at Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, BVI. We maintain a website at http://ops-int.com.hk/. Our agent for service of process in the United States is Cogency Global Inc. located at 122 East 42nd Street, 18th Floor, New York, NY 10168.