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 Group has been developing pragmatically and steadily. The Company successfully listed on the Hong Kong Stock Exchange Limited (“Stock Exchange”) GEM in 2003. The Company was successfully listed on the Main Board of the Stock Exchange in 2014. 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's industrial Internet ecosystem focuses on two major fields: (i) new technology retail and (ii) smart industries. New technology retail: This business group uses zol.com.cn (ZOL) as the main body. Its strategic goal is to use useful, interesting, and in-depth professional content to generate user fission, enhance user stickiness, enhance industry influence, deposit data assets through modelling, parameterization, and algorithmization of user procurement decisions, build competitive barriers, and establish long-term advantages through efficient transformation as the core judgment of customer products and services. At the same time, relying on channel data collected by Little B and data analysis, the Group has developed the ability to provide complete “online+offline” marketing solutions to enterprise-level customers (Big B), provide solutions to the core needs of various players in the 3C and home appliance industry chains, and form a B2B2C business model. Smart industry: This business group brings together multiple vertical “runways” for the Group's development and growth, including “Zhaoxin Co., Ltd.”, an anti-counterfeiting and traceability industry standard setter and digital transformation IoT solution provider, and “Cotton Connect”, a comprehensive e-commerce platform for the entire cotton industry chain. “Focus” and “focus on vertical development” are the Group's important strategies in the smart industry business group.