The directors of the Company are satisfied that the Group will
have sufficient financial resources to meet its financial
obligations as they fall due in the foreseeable future as
the immediate shareholders, BCG Chinastar International Investment Limited
(“BCG Chinastar”) and Beijing Capital (Hong Kong) Limited (“Beijing Capital (HK)”),
wholly-owned subsidiaries of the Group’s ultimate controlling shareholder,
Beijing Capital Group Co., Ltd. (“Beijing Capital Group”),
have agreed to provide adequate financial support.
BCG NZ Group has more than 100 years of history in continuing operation,
and is the largest waste management service supplier in New Zealand with
over 30% market share, and has established a national wide network which
vertically integrated the local waste system. BCG NZ Group provides the
comprehensive waste management service in New Zealand including waste
collection, recycling, disposition of hazardous and industrial waste,
and served more than 200,000 customers in New Zealand.