Bend NovaTech Group ^{Filed Terms, Nasdaq: BENN}

We, through STG, are a steel reinforcing bars service provider in Hong Kong operating one of the six steel reinforcing bar prefabrication yards approved by the CEDD in Hong Kong, providing customized offsite cut-and-bend services to our customers. The prefabricated steel reinforcing bars produced by us are ready for immediate use, with consistent product quality and full traceability that would reduce the works on construction site, thus yielding better safety and less construction wastage. Our direct customers are mostly the registered general building contractors under the HKBO and subcontractors of various types of building and infrastructure projects in Hong Kong. We principally provide steel reinforcing bars bending and cutting services for both (i) public sector projects, including infrastructure, public facilities and public residential developments, and (ii) private sector projects, which are mostly private commercial, residential and industrial developments. Public sector projects refer to projects in which the general contractors are employed by public authority, while private sector projects refer to projects that are not public sector projects. We are a fast growing company and our revenue increase by 113% from $6.2 million for the fiscal year ended December 31, 2023 to $13.2 million for the fiscal year ended December 31, 2024.