AgiiPlus ^{Filed Terms, Nasdaq: AGII}

Founded in 2016, AgiiPlus has established a network of workspaces in China and Singapore through its subsidiaries. Through Shanghai Distrii Technology Development Co., Ltd., a PRC subsidiary, AgiiPlus offers enterprise customers flexible and cost-effective space solutions in centrally located business districts in tier-one and new tier-one cities in China and Singapore. As of June 30, 2022, through its subsidiaries, AgiiPlus maintained a network of 65 Distrii workspaces that covered seven different cities, namely Shanghai, Beijing, Nanjing, Suzhou, Jinan and Xiong’an in China, and Singapore, with a total managed area of about 259,654 square meters (approximately 2.8 million square feet) and approximately 45,607 workstations in total. In addition, AgiiPlus’ asset-light model offers design, build, management, and operating services to landlords who bear the costs in building and launching new spaces. This asset-light model allows AgiiPlus’ subsidiaries to economically expand and scale up while enabling landlords to turn their spaces into revenue-generating properties backed by professional services offered by AgiiPlus’ subsidiaries and AgiiPlus’ brand image. As of June 30, 2022, through its subsidiaries, AgiiPlus had six workspaces under the asset-light model, with a total managed area of about 15,065 square meters (approximately 162,000 square feet) and approximately 2,868 workstations available for members.