v3.25.2
ORGANIZATION AND PRINCIPAL ACTIVITIES
 12 Months Ended
Mar. 31, 2025
ORGANIZATION AND PRINCIPAL ACTIVITIES  
ORGANIZATION AND PRINCIPAL ACTIVITIES

1. ORGANIZATION AND PRINCIPAL ACTIVITIES

 

Fuxing China Group Limited (“Fuxing China”) was incorporated and domiciled as an exempted company in Bermuda and is listed on the Mainboard of the Singapore Exchange Securities Trading Limited (“SGX-ST”). The principal activity of the Company is that of investment holding.

 

The registered office of the Company is at Clarendon House, 2 Church Street, Hamilton HM11, Bermuda and the principal executive office of the Company is located at Hangbian Industry Area, Longhu Town, Jinjiang City, Fujian Province, People’s Republic of China (the “PRC”).

 

The Company, through its operating subsidiaries in mainland China and Hong Kong (collectively, the “Company”), is principally engaged in the production and sale of zipper sliders and zipper chains, trading of textile raw and auxiliary materials used in zipper production and provision of zipper processing services.

 

Details of the subsidiaries of the Company are set out below:

 

 

Name

 

Country of

incorporation

 

 

Principal activities

 

Effective equity

 held by

the Company

 

 

 

 

 

 

2025

2024

 

 

 

 

 

 

%

%

Held by the Company

 

 

 

 

 

 

 

Jade Star Group Holdings Limited (“Jade Star”)

 

British Virgin Islands

 

Investment holding

 

100

100

Fuxing China Group Limited (HK) (“Fuxing HK”)

 

Hong Kong

 

Investment holding, to facilitate the application of the State-owned Land Use Right Certificate in respect of the Land Parcel

 

100

100

Held through Jade Star

 

 

 

 

 

 

 

Jinjiang Fookhing Zipper Co., Ltd. (“Fookhing Zipper”)

 

PRC

 

Production and sale of finished zippers and zipper chains

 

100

100

Jinjiang Fuxing Dress Co., Ltd. (“Fuxing Dress”)

 

PRC

 

Production and sale of zipper sliders

 

100

100

Fook Hing Group Trading Company Limited (“Fook Hing Trading”)

 

Hong Kong

 

Trading of textile raw and auxiliary materials for textile sector

 

100

100

Jinjiang Fulong Zipper and Weaving Co., Ltd. (“Fulong Zipper”)

 

PRC

 

Color dyeing of fabric tapes for zippers

 

100

100

* Jinjiang Jianxin Weaving Co., Ltd. (“Jianxin Weaving”)

 

PRC

 

Manufacturing and sales of dyed yarn

 

100

100

Jinjiang Fuxin Electroplating Co., Ltd. (“Fuxin Electroplating”)

 

PRC

 

Provision of electroplating services for zipper sliders

 

100

100

Xiamen Xinfuxing Industrial Co., Ltd. (“Xiamen Industrial”)

 

PRC

 

Real estate development

 

100

100

Held through Xiamen Industrial

 

 

 

 

 

 

 

Xiamen Xinfuxing Property Management Co., Ltd. (“Xiamen Property”)

 

PRC

 

To handle property management and realtor services for the Company’s Xiamen headquarters

 

80

80

 

* On July 31, 2025, the shareholders of Fuxing China approved the resolutions to dispose the entire equity interest held by the Company’s wholly owned subsidiary, Jade Star, in Jianxin Weaving.