About Rito Group

Rito Group Corp., through its wholly owned subsidiary Sino Union International Limited, engages in the sale of miscellaneous retail goods. Sino Union International Limited. owns 100% of Rito International Enterprise Company Limited, a Hong Kong Company. The company is a development stage Company. It is searching for companies that might be interested in listing their own products for sale on its ‘Rito Online Mall’, which is at the designing stage and is believed to be launched once the development is finalized. The Rito Online Mall provides a platform for merchants and customers to facilitate transactions. The products Rito Online mall tends to include are deep-processed food, cleansing and skin care products, brown rice drink, natural spring water, Dendrobium Candidum, cookware, and other products that would be marketable to the population of Hong Kong in particular. Rito Online Mall intends to feature products from various retailers. In order to generate revenue from the Rito Online Mall all of its members are required to pay a base membership fee. In order to list on its website vendors do not need to pay a membership or listing fee. And its members serve as its sales force and assist in selling the products listed by vendors on the Rito Online Mall. For members successful in selling products on the mall, they would have their names entered in as a reference and they would receive a commission on the sale of products. The company has five physical locations, which has displayed pieces of the items available on its platform for consumers to look at and test prior to purchasing the products online. The company has leased five retail stores in total. Two of them located in Hong Kong (Sheung Shui and Lai Chi Kok) and the other three are in mainland China (Shenzhen, Dongguan and Qingyuan). The target demographic for this marketing strategy is primarily middle-class individuals of all ages who want to improve their quality of life. To that end the online shop would primarily list products with international brand recognition. In the future, Rito plans to open various showrooms in Asia, not strictly limited to Hong Kong, so that it could reach a larger market should its initial model within Hong Kong prove to be as successful. History Rito Group Corp, a Nevada corporation, was incorporated under the laws of the state of Nevada in 2015.

Country
Industry:
Catalog and mail-order houses
Founded:
2014
IPO Date:
01/06/2017
ISIN Number:
I_US7677881028
Address:
Hong Kong Industrial Centre, 4th Floor, Room 6C, Block C, 489-491 Castle Peak Road, Lai Chi Kok, Kowloon Hong Kong
Phone Number
852 2385 8598

Key Executives

CEO:
Choi, Tak Yin
CFO
Choy, Wing Fai
COO:
Or, Ka Ming