Cambodia Airways ^{Filed Terms, Nasdaq: CAKR}

Cambodia Airways is the sole full-service airline based in Cambodia. We primarily operate from Phnom Penh, the country’s capital and provide commercial airline services throughout China and Southeast Asia. Our established aviation network spans a 5-hour radius that encompasses the Asia-Pacific region. Our core market resides in mainland China and Southeast Asia, including countries such as Singapore, the Philippines, Malaysia, and Indonesia. We conduct all of our airline operations through our Operating Subsidiary, Cambodia Airways Co., Ltd. We are a full-service regional carrier with limited operating history. In 2023 and 2022 respectively, the Operating Subsidiary carried 151,807 and 22,636 passengers and had passenger revenue of approximately US$20.25 million and US$20.39 million. For the six months ended December 31, 2023 and 2022, the Operating Subsidiary carried 142,181 and 54,356 passengers and had passenger revenue of approximately US$17.91 million and US$9.16 million, respectively. Our operations primarily focus on regional flights to Southeast Asia, as well as international flights to southern China cities and Beijing, China.