Pyrostone Holdings ^{Filed, US Offering, Nasdaq: PYST}

We operate in Hong Kong through our indirect wholly-owned Operating Subsidiary, Ravia Global Appraisal Advisory Limited. Our Operating Subsidiary provides (i) professional valuation services; and (ii) business advisory services to companies listed on HKSE as well as private entities. We believe that with our Operating Subsidiary’s experience in this industry, we play a pivotal role in the financial ecosystem, assisting listed companies and private entities to achieve transparency, regulatory compliance and informed strategic decision-making. Our Operating Subsidiary’s professional valuation service offerings cover (i) tangible and intangible asset; (ii) real estate; (iii) business; (iv) financial instrument; and (v) long service payment valuation services. According to GIH, the Asia Pacific professional services market grew from approximately US$1.03 trillion in 2020 to approximately US$1.25 trillion in 2024, achieving a compound annual growth rate (CAGR) of 5.03%. The market is projected to expand at a faster CAGR of 6.56% from 2024 to 2030, reaching an estimated value of approximately US$1.84 trillion by 2030. According to GIH, the ability to overcome entry barriers such as (i) regulatory hurdles and compliance requirements; (ii) industry experience and expertise; (iii) talent acquisition challenges; and (iv) reputable brand standing is a key determining factor for market players to remain competitive.