We operate tea gardens in China. Primarily processed white tea is our leading product. (incorporated in the Cayman Islands)

We are an integrated supplier of tea products in mainland China. Our major tea products include (i) primarily-processed tea consisting of white tea and black tea, and (ii) refined white tea and black tea. “Primarily-processed tea” refers to fresh tea leaves that have been roughly processed by initial steps including picking, wilting, drying, and grading. “Refined tea” refers to primarily-processed tea that is subjected to additional processing including sifting, removal of branches and stalks, compressing, drying, and packaging.

Our business operations are vertically integrated, covering cultivation, processing of tea leaves and the sale of tea products to tea business operators (such as wholesale distributors) and end-user retail customers in mainland China. We believe our vertically integrated business model distinguishes us from other primarily-processed tea and refined tea suppliers in mainland China, most of which are mainly engaged in only distinct parts of the value chain of cultivation, processing and sales of primarily-processed tea and refined tea.

We operate tea gardens located in Zherong County, Ningde City in Fujian Province of mainland China. As of the date of this prospectus, we have entered into contractual management agreements with relevant villages with respect to approximately 7,212,000 square meters of tea gardens in Fujian Province. According to the CIC Report, Fujian accounts for approximately 67.2% of the total production volume of white tea in mainland China in 2021. In 2021, the white tea production volume of the Company is 424.8 tons, accounting for 0.8% and 0.5% of the total white tea production volume in Fujian Province and mainland China, respectively.

We commenced production and sales of tea in March 2014. Primarily-processed white tea is our leading product, accounting for approximately 81.3%, 83.2% and 83.7% of our total revenue for the years ended December 31, 2021 and 2022 and for the six-month period ended June 30, 2023, respectively. Our internal observations indicate increasing consumption demand for white tea and favorable future prospects of the white tea industry. According to CIC report, domestic sales value of white tea in Mainland China have experienced a strong growth between 2017 and 2021, increasing from approximately US$400 million (RMB 2.9 billion) to approximately US$1.3 billion (RMB 9.1 billion), representing a compound annual growth rate of approximately 32.80%. The CIC Report estimates Mainland China domestic sales value of white tea to approximately US$2.4 billion (RMB 16.0 billion) by 2026. Such figures indicate increasing consumption demand for white tea and favorable future prospects of the white tea industry.

We believe the size and scale of the tea gardens we operate, quality of our white tea product and quality control systems provide an exciting opportunity to service the blooming white tea market in mainland China.

Awards and Recognition

Our company has been recognized in mainland China as a “Leading Enterprise in City-level Agricultural Industrialization” in Ningde City in Fujian Province from 2015 through 2020. In November 2020, we received the Zherong High Mountain White Tea Industry Demonstration Award by the Fujian Tea China Organizing Committee. In 2020, we received the golden prize in the 8^th China Tea Industry Expo National Tea Recommendation and Selection Activity of “Shou Mei.”

*Note: Net income and revenue figures are for fiscal year 2023, which ended Dec. 31, 2023. 

(Note: Oriental Rise Holdings Ltd. downsized its IPO at pricing to 1.75 million shares – down from 2.0 million shares – and priced the IPO at $4.00 – the assumed IPO price – to raise $7 million on Oct. 16, 2024. Background: Oriental Rise Holdings Ltd. cut its IPO’s size in half to 2.0 million shares – down from 4.0 million shares – at $4.00 to raise $8.0 million, according to an F-1/A filing dated March 25, 2024. Background: Oriental Rise Holdings Ltd. filed its F-1 on Oct. 13, 2023, and disclosed its IPO terms: 4.0 million shares at $4.00 to raise $16.0 million. Of the 4.0 million shares in the IPO, the company is offering 3.0 million shares and the selling stockholder is offering 1.0 million shares.)