Since 2017, we have focused on the residential property rental industry in China. We leased residential properties from individual property owners on a long-term basis, renovated and furnished such properties in a clean and modern manner, and rented them out to individual tenants. As of June 30, 2019, we leased 11,434 properties from property owners. On July 1, 2019, we sold and transferred leases of 10,167 properties. As of the date of this prospectus, we leased 1,267 properties from property owners. During the period when we held and managed over 10,000 leases, we saw the demands for and opportunities of a system that connects landlords, tenants, and service providers efficiently and combines management of internal operations and logistics with management of customers acquisition and development. We recruited a group of software engineers and invested in the development of a system that serves landlords in property rental transactions. Our operation and experience in the residential rental industry enabled us to identify challenges and implement solutions in our own software.

Finally, in July 2019, we launched SanCaiJia, our Software-as-a-Service (SaaS) solutions. Our SanCaiJia solutions aim to serve the real estate rental industry and household service providers. Our clients include individual property owners, real estate management companies, leasing agencies, real estate agencies, apartments, decoration and renovation companies, and housekeeping and cleaning services. Customers of our clients have access to the software to view and connect with the agents to sign documents, pay rents, report repairs, etc. 

Our total revenue increased by approximately $4.24 million, or 116.02%, to approximately $7.89 million for the year ended September 30, 2021 from approximately $3.65 million (restated) for last fiscal year. The improvement in our revenue was mainly due to an increase in revenue from our SAAS customization & development services, which is a new service that we started to provide to our customers in October 2020. In fiscal year 2021, we developed new products and extended our expertise in other industries to leverage our existing SAAS knowledge and grow our customer base.

Revenue from SaaS Platform standard service increased slightly by $0.18 million, or 4.88%, to $3.83 million for fiscal year 2021 (ended Sept. 30, 2021), from $3.65 million (restated) for last fiscal year. The revenue from SassS Platform for fiscal year 2021 was mainly from contract liabilities recorded in fiscal year 2020 for unrealized revenue. Our revenue from SasS platform standard service was mainly from rental property leasing transactions.  During the fiscal year 2021, the COVID-19 pandemic caused disruption to the housing leasing industry in China. As a result, the transaction settlement amount decreased by $204.34 million, from $212.36 million for the fiscal year 2020 to $8.02 million for the fiscal year 2021. As there were no contract liabilities as of September 30, 2021, our revenue from unrealized SasS platform standard services will decrease in fiscal year 2022. However, we are now promoting the SaaS platform in different industries, especially in the agriculture industry to diversify the source of revenue and reduce the risk.

Net income attributable for fiscal year 2021 was $0.93 million, an increase of $1.80 million, as compared to a net loss of $0.87 million (restated) for fiscal year 2020.