Company Description

Our mission is to build a global smart logistics network and become a premier provider of end-to-end logistics solutions. We provide cross-border logistics service solutions, which we believe is one of the fastest growing areas in China. Our primary business involves integrating worldwide supply chain resources to offer comprehensive logistics solutions to our clients, strategically focusing on cross-border freight services that connect China with global markets. We operate through our subsidiaries located in major cities including Shanghai, Wuhan, and Shenzhen; each location represents a regional harbor that plays a crucial role at the forefront of China’s international logistics landscape. These cities benefit from advanced transportation networks and strategy positioning in both ocean and air transport, enabling them central hubs for our operations. The booming of cross-border logistics services and high concentration of customers lay a robust foundation for our business operations. Supportive local policies further contribute to our steady development and expansion. Our cross-border logistics services mainly include: . Modularized freight forwarding: Providing customized logistics solutions through air or ocean transportation, with a range of services including any or a combination of transportation, customs clearance, warehousing, and distribution requested by our clients. . Comprehensive logistics solution: Offering a seamless, end-to-end solution integrating various cross-border processes from origin and destination through established delivery routes. Over the years, we have strategically positioned to capitalize on the growing demand for efficient, reliable, and integrated logistics solutions in the global market. Our extensive service providers network, including global freight carriers, and our strong partnerships with domestic ground carriers in the markets like the U.S., Europe, and South America, have enabled us to meet the diverse needs of our clients. While maintaining profitability in our air and ocean transportation services, our comprehensive logistics solutions have shown rapid growth due to our reputation and high-quality service delivery. For the six months ended September 30, 2023 and 2024, our total revenue was RMB33.2 million and RMB223.5 million (US$31.9 million), respectively. For the six months ended September 30, 2023, modularized freight forwarding accounted for 74.1% of our revenue, while comprehensive logistics solutions contributed 25.9%. During the six months ended September 30, 2024, these figures shifted to 8.9% and 91.1%, as a result of our continued expansion in comprehensive logistics solutions since late 2023, For the fiscal years ended March 31, 2023 and 2024, our total revenue was RMB353.5 million and RMB129.8 million, respectively. In fiscal year 2023, modularized freight forwarding accounted for 93.1% of our revenue, while comprehensive logistics solutions contributed 6.9%. During fiscal year 2024, these figures shifted to 45.5% and 54.5%, respectively, reflecting our strategic growth in comprehensive logistics solution. Revenue generated from the modularized freight forwarding decreased by RMB4.7 million, or 19.2%, from RMB24.6 million for the six months ended September 30, 2023 to RMB19.9 million (US$2.8 million) for the six months ended September 30, 2024. The decrease was primarily driven by the pivotal reduction of traditional freight forwarding business with low profit margin since late 2023. Revenue generated from the modularized freight forwarding decreased by RMB269.9 million, or 82.0%, from RMB329.0 million for the year ended March 31, 2023 to RMB59.1 million (US$8.2 million) for the year ended March 31, 2024. The decrease was mainly due to a pivotal reduction of certain freight forwarding business via air transportation (“first-mile logistics”) with low profit margin. Revenue generated from the comprehensive logistics solution increased by RMB195.1million, or 2,267.0%, from RMB8.6 million for the six months ended September 30, 2023 to RMB203.7 million (US$29.0 million) for the six months ended September 30, 2024. This increase is primarily driven by the strong demand for comprehensive logistics solutions, which are crucial for handling the international e-commerce transactions, particularly across key markets such as the U.S. and China. Revenue generated from the comprehensive logistics solution increased by RMB46.3 million, or 188.6%, from RMB24.5 million for the year ended March 31, 2023 to RMB70.8 million (US$9.8 million) for the year ended March 31, 2024. The increase was primarily driven by the rapid growth of cross-border e-commerce transactions, which require sellers to transport goods from their origin country to the consumer’s destination. The comprehensive, end-to-end shipping services we provide have become increasingly popular among e-commerce sellers, offering a seamless solution for their logistics needs. Consequently, the number of parcels we delivered surged by 132.8%, rising from approximately 0.48 million parcels for the year ended March 31, 2023, to 1.12 million parcels for the year ended March 31, 2024. To meet the rising demand for dedicated line shipping services, we strengthened our relationships with key customers serving large e-commerce platforms and expanded our extensive network of cross-border ocean and air freight carriers, as well as U.S. and international ground transportation partners. --- We are an exempted company limited by shares incorporated under the laws of the Cayman Islands on April 26, 2024. Our registered office is located at offices of Ogier Global (Cayman) Limited, 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands. Our principal executive offices of our operating subsidiaries are located at 4th Floor, Section 4-56, Building C, Comprehensive Bonded Zone, 8MC Plot, No. 69, Checheng South Road, Wuhan City, Hubei Province, China. Our agent for service of process in the United States is Puglisi & Associates, located at 850 Library Ave., Suite 204, Newark, Delaware 19711. Its telephone number is (302) 738-6680. Our principal website is www.exwworld.com.