(Note: The shares in the IPO are being offered by the Cayman Islands-incorporated holding company and not by the underlying Chinese operating company. Please see “Risk Factor – Risks Related to Doing Business in China” in the prospectus.)

We are primarily engaged in sales of semiconductor products and electronic component products to customers in Hong Kong and the People’s Republic of China (PRC) via our B2B online platform – www.iczoomex.com. These products are primarily used by China-based SMEs (small and medium-sized enterprises) in the consumer electronics industry, the Internet of Things (“IoT”) industry, the automotive electronics business and the industry control segment. In addition to sales of electronic component products, we also provide services to customers such as temporary warehousing, logistics and shipping, and customs clearance, and charge them additional service commission fees. 

We sell two categories of electronic component products: (i) semiconductor products and (ii) electronic equipment, tools and other products. Our semiconductor products primarily include various integrated circuit, discretes, passive components and optoelectronics, and our equipment, tools and other electronic component products primarily include various electromechanical, maintenance, repair & operations (“MRO”) items and various design tools.

**Note: For the fiscal year that ended June 30, 2022, our net income was $2.57 million on revenue of $290.38 million. (These figures – in U.S. dollars – are in the chart below. The company updated its financial statements with FY2022 results in an F-1/A filing dated Dec. 2, 2022.)

(Note: ICZoom Group priced its IPO on March 14, 2023, at $4.00 – the bottom of its $4.00-to-$5.00 range – and priced 1.5 million shares – the number in the prospectus – to raise $6.0 million. ICZoom Group cut its IPO in half to 1.5 million shares – down from 3.0 million shares – and kept the price range at $4.00 to $5.00  – to raise $6.75 million, in an F-1/A filing dated Feb. 2, 2023. **ICZoom completed a reverse stock split on a 1-for-2 ratio on Aug. 8, 2022.)

(Background: ICZoom Group cut its IPO to 3.0 million shares, down from 4.4 million shares, and reduced the price range to $4.00 to $5.00, down from $5.00 to $6.00, in an F-1/A filing dated Sept. 9, 2022. Estimated IPO proceeds under the new terms are $13.5 million – down 43.8 percent from the previous estimate of $24 million. The company also changed underwriters in its Sept. 9, 2022, filing, by naming The Benchmark Company LLC as its sole book-runner; the previous underwriters were Prime Number Capital and Shengang Securities. ICZoom Group Inc. filed an F-1/A dated June 21, 2022, with updated financial statements for the six months that ended Dec. 31, 2021. Previously: ICZoom Group Inc. filed its F-1 on Aug. 23, 2021. ICZoom’s original terms were set in its F-1/A filing on Sept. 17, 2021: 4.4 million shares at $5.00 to $6.00 to raise $24 million. ICZoom Group Inc. had filed confidential IPO paperwork with the SEC on April 1, 2021.)