Semidux (Cayman) Holding ^{Filed, US Offering, Nasdaq: JIE}

We are a holding company incorporated in the Cayman Islands and not a Chinese operating company. As a holding company with no material operation of our own, we conduct our operations through the Operating Entity in China. The Operating Entity is a provider of products and services related to the metaverse computing infrastructure. The Operating Entity’s offerings encompass chips, customized servers and cloud gaming terminals, as well as computing resource optimization software, technical and maintenance services, and server rentals, which cater to the evolving needs of the metaverse industry. The Operating Entity’s vision from inception has been to provide products covering the entire value chain of metaverse computing infrastructure industry, which includes upstream chips, midstream customized servers, and downstream cloud gaming terminals. Initially, the Operating Entity focused on customized servers due to limited funding, but as it obtained more funding, the Operating Entity has expanded its product line to include both upstream chips and downstream cloud gaming terminals.