Powerbridge Technologies ^{Priced, Nasdaq: PBTS}

We are a provider of software application and technology solutions and services to corporate and government customers engaged in global trade. All of our customers are located in China. We currently generate most of our revenues from application development services, which represent 89.5% and 90.4% of total revenue in fiscal 2017 and 2016, respectively. For the six months ended June 30, 2018, our revenue from application development service represented 81.1% and 85.4% of total revenue, respectively. We also generate revenue from consulting and technical support services, which represent 6.6% and 5.2% of our revenue in fiscal 2017 and 2016, respectively. For the six months ended June 30, 2018 and 2017, our revenue from consulting and technical support service represented 14.8% and 6.9% of total revenue, respectively. Further, we also earn subscription service revenue from customers accessing our SaaS. For the years ended December 31, 2017 and 2016, our revenues were approximately $21.6 million and $21.2 million, respectively. For the six months ended June 30, 2018 and 2017, our revenue from subscription service represented 4.1% and 7.7% of total revenue, respectively.