Creative Global Technology Holdings (CGTL) is a Hong Kong-based wholesaler of pre-owned consumer electronics. The company sources used smartphones, tablets, and laptops — primarily Apple devices — from suppliers in the U.S. and Japan, then resells them in bulk to wholesalers who distribute the devices across Southeast Asia. Apple products account for over 90% of revenue, with iPhones alone representing about 61% of FY25 revenue. CGTL operates on a demand-pull model: it only orders inventory from suppliers after a client order is confirmed, minimizing unmatched stock and working capital requirements. Devices are shipped via air freight to Hong Kong, inspected, graded, and made available for pickup — typically within a month of the client inquiry. CGTL earns the spread between supplier and wholesale prices, with margins shaped by device volume, model mix, and condition grade. The company uses a proprietary five-tier grading system to standardize quality assessment and support differentiated pricing. Customer concentration is high: the top five wholesale clients represented about 89% of FY25 revenue, and retail sales to Hong Kong consumers are negligible. Growth initiatives include launching an auction platform, expanding into game consoles and cameras, building repair and refurbishment capabilities, and establishing direct sales operations in Malaysia, Thailand, and Vietnam — though none of these have contributed materially to results yet.