We are a holding company with no material operations of our own. We conduct our operations in China through our variable interest entity (VIE), Taizhou Kepui Communication Equipment Co. Ltd., or Taizhou Kepuni in the People’s Republic of China (PRC). (Incorporated in the Cayman Islands)

Taizhou Kepuni Communication Equipment Co., Ltd. is a high-tech enterprise integrating nautical communication electrical system solutions to provide services for the ocean. Founded in 2012, Taizhou Kepuni has specialized in the nautical communications and electronic equipment industries in China. Our factory has passed the certification of ISO 9001:2015.

We are a professional integrator of scheme design, research and development, and sales of supporting communication equipment for nautical engineering, as well as ship communication, navigation, driving control and power distribution.

Our products are customized products, and we use a build to order, or BTO, business model which means a flexible order placing model for production scheduling, material procurement, and delivery arrangement according to different customer orders. We adopt an integrated business model to meet our clients’ needs. Customers firstly list their specified requirements to our sales department. The sales department later communicates with its technical department to evaluate the feasibility. After that, the production department produces samples and submits them to the quality inspection department for inspection. The quality inspection department will submit the issued material warranty and inspection report to the sales department. The sales department will submit the samples, inspection report, quality assurance, and quotation to the customer for verification. After receiving the customer’s confirmation, our procurement department will purchase the raw materials and the production department will produce the products. The inspection department will inspect and issue the inspection report. Lastly the production department will pack and deliver the products to the customer.

**Note: Net income and revenue figures are in U.S. dollars for the 12 months that ended June 30, 2023, according to the prospectus.

(Note: Kepuni Holdings Inc. filed an F-1/A dated Feb. 20, 2024, in which it updated its financial statements for the period through June 30, 2023.)

(Note: Kepuni Holdings Inc. set the price for its IPO at $6.00 – the top of its previous range of $5.75 to $6.00  – and kept the IPO’s size at 4.2 million shares – the same as its initial terms – to raise $25.2 million, according to its F-1/A filing dated Feb. 21, 2023. This change increases the IPO’s estimated proceeds by $520,000 or 2.1 percent. This update in terms comes six months after the IPO’s terms were initially set. Kepuni Holdings Inc. disclosed terms for its IPO in its F-1/A dated Aug. 23, 2022 – almost a year after it filed to go public. At the $5.88 mid-point of its $5.75-to-$6.00 price range, Kepuni’s IPO of 4.2 million shares would raise $24.68 million. Kepuni Holdings Inc. filed its F-1 on Aug. 31, 2021.)