ICZOOM Ranked 49thAmong Top Enterprise in China's 2024 Internet Industry and The CEO, Mr. Lei Xia, Recognized as One of 2024 China Internet Industry Leaders

Hong Kong, Sep 30, 2024,ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced that ICZOOM ranked 49thamong Top 100 Enterprise in China’s Internet Industry, announced by well-known industrial internet media “B2B Inner Reference”, Industrial Internet Insights, and Industrial Internet Innovation Research Institute. This prestigious accolade highlights the Company's robust operational strategies, exceptional market performance, and outstanding service experiences within the electronic industry internet sector.

This recognition indicates that ICZOOM is a key player in the industry, being at forefront of technology innovation, offering digital and intelligent transformation for traditional industries.

ICZOOM’s CEO, Mr. Lei Xia, was also recognized as one of the 2024 China Industry Internet Leaders by Organizing Committee for 2024 China Industry Internet Industry Awards at the same awards conference. We believe his visionary leadership has been instrumental in guiding the Company through a competitive landscape, fostering innovation, and providing valuable insights for the digital transformation of the entire sector.

ICZOOM Group Inc. (Nasdaq: IZM) is primarily engaged in sales of electronic component products to customers in Hong Kong and mainland China through its B2B e-commerce platform. 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 segments. By utilizing latest technologies, the Company’s platform collects, optimizes and presents product offering information from suppliers of all sizes, all transparent and available to its SME customers to compare and select. In addition to the sales of electronic component products, the Company also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance. For more information, please visit the Company’s website:

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "we believe," "we intend," "may," "should," "will," "could" and similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.