ICZOOM Recognized Among Shenzhen Top 500 Enterprises List

Hong Kong, Oct 18 2024, ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced that its wholly-owned subsidiary, Hjet Supply Chain Co., Ltd., ranked 390thamong Shenzhen Top 500 Enterprises in 2024 as collectively released by Shenzhen Enterprise Confederation, Shenzhen Entrepreneurs Association and Qianzhan Industry Institute in the 2024 Shenzhen Top 500 Enterprises Development Report. This recognition acknowledges ICZOOM’s comprehensive strength, industry competitiveness and brand influence.

Since its establishment, ICZOOM has been committed to building a trustworthy digital supply chain ecosystem, catering to clients’ personalized needs. With its strong research and development capabilities, the Company has launched advanced SaaS-based enterprise resource planning (ERP) management software and financial management software. ICZOOM offers a one-stop solution that covers procurement, warehousing, logistics, customs clearance, inspection, sales, and automated settlement, which enables its clients to maintain real-time control over cash flow, information flow, products flow, and enhance the efficiency and standards of supply chain management.

This recognition not only affirms ICZOOM’s past achievements but also encourages its continuous development. The Company will continue to dedicate to technological innovation and quality services, create greater value for its clients and contribute to the development of the supply chain management service industry.

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.