SUCHNESS TECH LIMITED (“Suchness”) was incorporated in the Cayman Islands on August 4, 2025. As a holding company without any business operations, Suchness wholly owns AP Engineering Solutions Pte. Ltd.(“AP”), a private limited company organized under the law of Singapore and Quantum Services Pte. Ltd (“QS”), a private limited company organized under the law of Singapore. QS was incorporated in Singapore on April 23, 2004 and AP was incorporated in Singapore on January 15, 2010. AP’s key technologies are advanced semiconductor materials and processes used in foundries fabrication, memory (including NAND flash, DRAM, and HBM), as well as specialty chemicals required for automotive, IoT, communications, connectivity, analog, and power-management ICs. These technologies rely on highly specialized chemical precursors, deposition materials, and process formulations used in front-end semiconductor manufacturing and the competition among suppliers for semiconductor fabrications plants in Singapore is intense. We believe QS has established itself in a leading position as the main supplier for projects it has secured. Although customers usually retain one to two secondary suppliers as backups, we believe QS’s position and proven reliability provide a clear competitive edge. QS has an established technical workforce, cost-effective solutions, in-house capabilities, and customer relationships.