Car rental business
Our Group was officially renamed as E-Rental Car Company Limited in June 2015. We were formerly known as Perception Digital Holdings Limited, which was listed on the Growth Enterprise Market (GEM) of the Stock Exchange of Hong Kong Limited (HKEX) on 16 December 2009, and the listing was transferred on the Main Board of HKEX on 3 June 2011.
Entering the booming car rental industry in china, 2014 has been a year of strategic transformation for E-Rental Car Company Limited. According to the independent industry consultant Roland Berger, the car rental market in China has outstanding growth potential, with its market size projected to be approximately RMB65 billion and the number of fleet vehicles reaching 779,000 by 2018.
Capturing the enormous opportunity offered by the market, we are focusing on developing our car rental business, dedicating ourselves to providing a tailor-made, one-stop car rental solution to individuals, businesses, and government departments of China. Our services include long-term rental (with a period of more than 90 days), short-term rental (with a period of fewer than 90 days), online car rental, and financial leasing services. We offer our clients tailor-made, around-the-clock car travel services with no restraints of time and geographical location. Our ultimate target is to become the leading player in the car rental industry around the globe.
Financing services business
The Company had, through a wholly-owned subsidiary, applied for and in October 2015 successfully obtained a money lenders licence under the Money Lenders Ordinance (Chapter 163 of the Laws of Hong Kong) to conduct money lending business in Hong Kong through the provision of loans. The Company will strive to gain position in the financing services market by providing flexible, convenient and tailor- made services to raise accessibility to the Group’s financing services.