We were founded in 1988 in Baotou, Inner Mongolia, where Mr. Zhang Chaoju, a pioneer of modern ophthalmology in Inner Mongolia and an entrepreneur in the field of ophthalmic services in China, founded the predecessor of our Company. The Zhang’s family is a medical family with a century’s heritage. Since our inception, we have adhered to the vision of “taking our century’s heritage to bring light to the world and inspire hope” (百年朝聚，朝向光明，聚集希望) and provided patients with safe, reassuring and affordable ophthalmic medical experience with professional and effective equipment and technology as well as caring and considerate services. Over the years, we have built a broad network of ophthalmic hospitals and optical centers spanning across five provinces or autonomous region in China, with a deep root in North China. As of the Latest Practicable Date, We operated a network of 17 ophthalmic hospitals and 23 optical centers.
We are a leading ophthalmic medical service group in North China with a strong reputation nationwide. According to the Frost & Sullivan Report, we ranked first in Inner Mongolia and second in North China in terms of total revenue in 2019, and fifth in China in terms of clinical ophthalmology revenue in 2019 among private ophthalmic hospitals.
We believe that the following competitive strengths have differentiated us from our competitors:
• As a leading ophthalmic medical service group in North China, we are well-positioned to capture significant demands from a vast market for ophthalmic services.
• Our clustered operation model helps to improve our market penetration and operational efficiency.
• Our centralized and standardized management system makes our business model scalable and replicable.
• High-caliber medical professionals and sound training system underpins the foundation of our growth.
• Our full-service clinical ophthalmic treatments bring high customer satisfaction.
• We have garnered significant support from our experienced and visionary management team as well as our shareholders. Leveraging our experience in ophthalmic services and market leading position, we believe we are well-positioned to capture the growing opportunities and benefit from the rapid expansion of the ophthalmic services market in the PRC.