Jingrui Wang Pu Holdings Group

The major business segment of the PRC operating entities is to sell various electric appliance products to our customers. The PRC operating entities are not electric appliance manufacturers, but wholesalers and retailers of certain electric appliances. A total of 10,232 and 12,046 units of various electric appliances have been sold for the six months ended September 30, 2024 and 2023, respectively, and 23,359 and 25,718 units of various electric appliances were sold for the fiscal years ended March 31, 2024 and 2023, respectively, such as air-conditioners, refrigerators, televisions, washers, dryers, dishwashers, range hoods, electric water kettles, food processors, and rice cookers. The PRC operating entities currently sell products through retail stores and wholesale customers. Leveraging what we believe to be a deep understanding of consumer needs and preferences gained from their experience in the electric appliance industry for over 20 years, the PRC operating entities have opened nine retail stores and developed 20 wholesale distributor customers as of the date of this prospectus. We believe the PRC operating entities’ distribution channels are a trusted destination for consumers to discover and purchase branded electric appliances.