Limited Closes Initial Public Offering at $20 Million Underwritten by Boustead Securities, LLC; First Chinese IPO of 2018 Begins Trading Monday on NASDAQ as 'SSLJ'

Los Angeles, California, and Wuhan, China, Feb. 02, 2018 (GLOBE NEWSWIRE) -- Boustead Securities, LLC (“Boustead”) client Limited (NASDAQ: SSLJ), a vertically integrated O2O home decoration service and product provider in China, today announced the closing of its initial public offering, selling the maximum amount of 4,000,000 Class A ordinary shares at a public offering price of $5.00 per share for total of $20,000,000 in gross proceeds before expenses. The shares are expected to begin trading Monday February 5, 2018 on The NASDAQ Capital Market under the symbol “SSLJ.” Boustead Securities was the Sole Underwriter of SSLJ’s initial public offering, the firm’s fourth NASDAQ IPO of a Chinese company in the past six months, and it’s first for 2018.

Mr. Wei Zheng, CEO of commented, “We are honored to have support from investors worldwide as we successfully closed on our IPO and prepare to begin trading on The NASDAQ Capital Market. We look forward to communicating our business growth with our shareholders.”

Dan McClory, Head of Equity Capital Markets and Head of China at Boustead Securities, said " has received interest as the first Chinese IPO in the U.S for 2018, and completed the offering at the maximum amount. Our investors look forward to seeing SSLJ trade on NASDAQ starting next week.”

The registration statement relating to the securities sold in the IPO was declared effective by the Securities and Exchange Commission (“SEC”) on January 3, 2018. The offer and sale of the IPO securities are made only by means of a prospectus. A copy of the final prospectus may be obtained by contacting the IPO’s sole underwriter, Boustead Securities, LLC Attention: Equity Capital Markets, 6 Venture, Suite 325, Irvine, CA 92618 USA, , or by telephone at +1 949 502 4409. Ellenoff Grossman & Schole LLP acted as counsel to the Company. Boustead Securities, LLC was represented by Ortolio Rosenstadt LLP.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Limited Limited is a pioneer in the vertically integrated O2O home decoration service and product market with one of the largest market shares in China. The Company provides customers with a convenient, full-service, one-stop solution for their homes’ interior decoration and improvement needs by offering consulting, design, construction, and furnishing services as well as modern, high-quality and high-tech products. The Company has 9 branch companies and 12 sales offices in 10 cities, which are Beijing, Shanghai, Shenzhen, Wuhan, Suzhou, Hefei, Zhengzhou, Tianjin, Chengdu, Xi’an. For more information, please visit

About Boustead Securities, LLC

Boustead Securities, LLC (“Boustead”) is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States and around the world, Boustead's team moves quickly and provides a broad spectrum of sophisticated financial advice and services. For more information, visit

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the listing of the Company’s Class A ordinary shares on NASDAQ. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the the Company’s Class A ordinary shares will be approved for listing on NASDAQ. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

Boustead Securities, LLC Contact: Dan McClory, Managing Director, Head of China, and Head of Equity Capital Markets Phone: +1 (949) 502-4408 Email: Limited Contact: Ms. Wing Chuen Rhoda Lau, CFO Phone: +86 27-8366-8638 Email:

Source:Boustead Securities