Leveraging our expertise in personal care electrical appliance industry, we aim to promote consumer lifestyles and drive the awareness of personal grooming. Through Pure Beauty, we principally engage in the sourcing and wholesaling of personal care electrical appliances for international brand owners. We also provide product design and development collaboration as a value-added service for our customers. Our customers are brand owners of personal care electrical appliances who market and sell their personal care electrical appliances products to end consumers. Commencing our operation in 2013, we have accumulated over 10 years of experience in the industry. Our Products Over years of operation, we have sourced and wholesaled a wide range of personal care electrical appliances, which can be broadly classified into seven major categories: (i) hair styling series, including hair dryer, hair straightener and curling iron; (ii) trimmer series, including facial shaver, nose trimmer and eyebrow trimmer; (iii) eyelash curler; (iv) neck care series; (v) nail care series; (vi) tooling and (vii) other personal care appliance series, including body and facial brush, reset brush, callus remover, sonic peeling, handy fan and others. In particular, we are specialized in sourcing and wholesaling hair dryers within our hair styling series which primarily include salon-type hair protection and styling functions or compact design for travel. --- Hair styling series: Our sale of hair styling series constituted 62% and 38% of our total revenue for the years ended March 31, 2023 and 2022, respectively. Approximately 44% and 66% of our sale of hair styling series for the years ended March 31, 2023 and 2022, respectively, was derived from the sale of hair dryers. Major features of the salon-styled hair dryers that we have designed include: Negative ion Help eliminate frizzy hair technology Scirocco fan Allows to thoroughly dry hair from the roots Removable filter Washable for easy daily cleaning and detachable for preventing dust and hair from blocking the blades Compact size and Handy for travel and home use lightweight Our sale of hair straightener represented 36% and 14% of our sale of hair styling series for the years ended March 31, 2023 and 2022, respectively. We have focused on designing hair straightener in compact size with quick USB charging for travel and home use. Trimmer series: Designed with compact size and equipped with 2-way head of face shaver and nose hair trimmer on each side, washable components, the 2-in-1 face shaver and nose trimmer sets are more popular than the face shaver and nose trimmer as two separate products. For the years ended March 31, 2023 and 2022, 19% and 22% of our revenue related to the sale of trimmer series. Approximately 32% and 69% of our trimmer series sold in both years ended March 31, 2023 and 2022 are 2-in-1 face shaver and nose trimmer sets. Eyelash curler series: Eyelash curler is designed with 2-way comb either to increase the eyelash volume or to enhance panoramic appearance. The professionally designed curved comb brush head fits the curve of upper and lower eyelashes to create natural curls. We generated approximately 3% and 4% of our revenue from this series for the year ended March 31, 2023 and 2022, respectively. Neck care series: Our neck care series primarily include neck cooler which was launched in summer 2021. Neck cooler is designed for outdoor activities in the summer to cool down body temperature and prevent heat stroke. It is silent, light-weight, and designed for comfort and easy carrying. It is also adjustable for various neck sizes and has different cooling speed modes. This product category experiences seasonality with higher sales during the summer time. Nail care series: Our nail care series is composed of electrical nail polisher. This series contributed 3% and 7%, respectively, to our total revenue for the years ended March 31, 2023 and 2022. Other personal care appliance series: Our other personal care appliance series comprises reset brush, callus remover, body and facial brush, sonic peeling, handy fan and others. We generated approximately 7% and 14% of our total revenue from this series for the years ended March 31, 2023 and 2022, respectively. Reset brush represented 55% and 41% of the sale of our other personal care appliance series for the years ended March 31, 2023 and 2022, respectively. Raytech Holding's principal executive offices are located at Unit 609, 6/F, Nan Fung Commercial Centre, No.19 Lam Lok Street, Kowloon Bay, Hong Kong. Raytech Holding's registered office in the British Virgin Islands is at Vistra Corporate Service Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands.
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