Sancai Holding Group ^{Withdrawn, Nasdaq: SCIT}

We are a holding company incorporated in the Cayman Islands. We operate our business through our consolidated VIE and its subsidiaries in China. Since 2017, we have focused on residential property rental industry. We leased residential properties from individual property owners on a long-term basis, renovate and furnish such properties in a clean and modern manner, and rent them out to individual tenants. As of June 30, 2019, we leased 11,434 properties from property owners. On July 1, 2019, we sold and transferred leases of 10,167 properties. As of the date of this prospectus, we leased 1,267 properties from property owners. During this period when we held and managed over 10,000 leases, we see the demands for and opportunities of a system that connects landlords, tenants, and service providers efficiently and combines management of internal operations and logistics with management of customers acquisition and development. We recruited a group of software engineers and invested in the development of a system that serves landlords in property rental transactions. Our operation and experience in the residential rental industry enabled us to identify challenges and implement solutions in our own software. Finally, in July 2019, we launched SanCaiJia, our Software-as-a-Service (SaaS) solutions.