ALE, operating through its Hong Kong subsidiary ALECS, provides corporate consultancy and professional services to SMEs incorporated in Hong Kong and the British Virgin Islands. ALECS positions itself as a one-stop shop for SMEs that need accounting, tax, and corporate governance support but lack the scale to build these functions in-house. As of March 31, 2025, ALECS had 295 active client engagements managed by just 6 full-time employees. ALECS generates revenue across three service lines: corporate consultancy (~80% of revenue), covering financial reporting, internal accounting design, and financial due diligence; corporate secretarial services (~12%), covering entity formation and regulatory filings; and taxation services (~7%), covering Hong Kong and U.S. tax compliance. The core corporate consultancy business runs on fixed-fee retainer contracts, giving ALECS relatively predictable revenue. Growth comes from adding new clients and expanding services to existing ones. ALECS acquires most clients through referrals from existing clients, auditors, and bankers rather than direct marketing. ALECS also acts as a referral hub, connecting clients to third-party auditors and bankers, which reinforces inbound referrals. A niche focus area is advising SMEs pursuing public listings on Hong Kong or U.S. exchanges. ALECS's stated expansion strategy is to grow into broader Asia and the U.S. markets, supported in part by a planned U.S. IPO.