About ZXZN QI-HOUSE Company

We are headquartered in Hong Kong, China and operate under the “TREE” brand and are engaged in (i) sales and distribution of furniture and home accessories; (ii) consignment sales; (iii) distribution and licensing of intellectual property rights; (iv) provision of design and consulting services; and (v) operating TREE Café within our flagship store. We provide (i) furniture, including tables and chairs, storage solutions, sofas and beds; and (ii) home accessories, including kitchen supplies, bed and bath-related products, jars, cushions, mattresses, utensils, and baskets. According to the Euromonitor report, we operate in the living furniture and home furnishing market in Hong Kong, China. It is a branch of the entire furniture and home furnishing market in Hong Kong, China, and accounted for about 12.2% of the total furniture and home furnishing market in Hong Kong, China in terms of retail sales in 2015. According to the Euromonitor report, in 2015, we ranked second in terms of retail sales in the home furniture and home furnishing market in Hong Kong, China, with a market share of around 4.7%. As part of our strategy to enrich our revenue base and increase brand awareness, we entered into a framework distribution agreement with our Beijing distributor in June 2015 and then signed a distribution agreement with them in November 2016. Under a distribution agreement, Beijing distributors sell our products through their retail stores in Beijing, China. Additionally, we authorize our Beijing distributors to use our trademarks and intellectual property rights and charge them a fixed annual distribution and licensing fee. Additionally, we entered into a North American license agreement with American Tree in 2015 to obtain license fees. Although no license fees were received from American Tree during the track record period. Since 2006, we have continued to expand our retail and distribution network. As of the last practical date, our retail and distribution network included four stores, three of which were our own stores and the remaining one operated by our Beijing distributor. Over the track record period, over 70% of our revenue came from our flagship stores. We also operate TREE Café in our flagship store, which offers a wide variety of drinks and refreshments. We began providing design and consulting services to our customers in the year ended March 31, 2015, where we provide services such as design and procurement solutions to meet the specific requirements of our customers.