About HC GROUP Company

Huicong Group Co., Ltd. (the “Company”) and its subsidiaries (collectively, the “Group”) are committed to becoming the leading industrial internet group in the People's Republic of China (“China”). Since its establishment in 1992, the Company has continued to develop pragmatically and steadily. Relying on stable performance and strength, it was listed on GEM on the Hong Kong Stock Exchange Limited (“Stock Exchange”) in 2003 and successfully transferred to the main board of the Stock Exchange on October 10, 2014. As of December 31, 2022, the Group's business scope has expanded to hundreds of cities across the country, with branches in more than 10 cities and a service team of more than 1,000 people. The Group took the lead in launching the Industrial Internet in January 2018, with the vision of “committed to becoming China's leading industrial Internet group” and the mission of “empowering traditional industries with the Internet and data”. The Group is building an industrial Internet ecosystem through the main business of high-tech retail, intelligent industry, and platform and enterprise service business groups. The new technology retail business group is dominated by zol.com.cn (ZOL). Its strategic goal is to use useful, interesting, and in-depth professional content to generate user fission, enhance user stickiness, enhance industry influence, and use difficult scenarios to model, parameterize, and algorithmize difficult scenarios for users' purchasing decisions, deposit data assets, build competitive barriers, and use efficient transformation as the core judgment of customer products and services to establish long-term advantages. It also connects retailers through C-end consumer diversion, SaaS tools, reverse customization, supply chain services, etc., and enhances their customer acquisition ability, revenue capacity, and operational efficiency. At the same time, based on channel data and data analysis collected by Xiao B, the ability to provide a complete “online+offline” marketing plan to enterprise-level customers (Big B) was formed, solutions were provided for the core needs of various players in the 3C and home appliance industry chain, and a B2B2c business model was formed. The smart industry business group brings together many vertical “runways” for the Group's development and growth: including “Zhaoxin Co., Ltd.”, a standard-setter for the anti-counterfeiting traceability industry and IoT solution provider for digital transformation; “Mianlian”, an e-commerce integrated platform for the entire cotton industry chain; and “Buy Plastics”, which has been deeply involved in supply chain service platforms for the chemical plastics industry for many years. “Focus” and “heavy vertical” are important strategies of the Group in the smart industry business group. By finding outstanding industry experts - “downsizing attacks” and injecting its accumulated resources over 30 years, Huicong Group quickly incubated multiple vertical “tracks.” The Platform and Enterprise Services Business Group strives to help SMEs connect with merchants and products through B2B e-commerce business, Internet platform products and traditional industrial application industry data chains and business scenarios. The relevant business groups also include microfinance, financial leasing and factoring financial services, which provide financial services to SMEs and business owners.