We are an offshore holding company incorporated in Cayman Islands,
conducting our operation in Hong Kong and the People's Republic of China ("PRC") through
our wholly-owned subsidiaries in Hong Kong and PRC. Our Hong Kong subsidiary Iczoom Electronics Limited,
operates our B2B online platform www.iczoomex.com, where our customers can register as
members and use the platform to search for or post quotes for their desired electronic component
products. We, supported by our e-commerce trading platform, are primarily engaged in sales of
electronic component products to customers in Hong Kong and the PRC. These products are primarily used
by China based small and medium-sized enterprises (“SMEs”) in the consumer electronic industry, Internet
of Things (“IoT”), automotive electronics and industry control segment. In addition to the sales of
electronic component products, we also provide services to customers such as temporary warehousing,
logistic and shipping, and customs clearance and charge them additional service commission fees.
We are the pioneer building an open market in the electronic component sale and supply industry. In 2012, we started to build an e-commerce platform in the electronic component distribution industry that focuses on real-time pricing, anonymous trading, and SaaS solutions. We monitor the orders placed on our platform and the market activities, and obtain electronic components from suppliers based on the volume of the orders which enable us to sell electronic components to our customers either on favorable terms, or based on availability of inventory, or with assistance in order fulfillment. Our customers can benefit from the transparent product information and purchase demand, low transactions costs, and transaction efficiency on our platform. In addition, we have been updating our SaaS system on a weekly basis to facilitate our services and assure the customers' use experience. We believe that our e-commerce business model and strong market position will further strengthen our ability to attract more customers in the electronics industry.