We provide supply chain services for the plastic and chemical industries in China. We offer over 3,000 plastic and chemical SKUs, aiming to be a one-stop shop to streamline procurement for our network of 1,964 suppliers and 2,823 customers. Our services include product search and matching, recommendations, order management and payments, and delivery logistics.  (Incorporated in the Cayman Islands)

We conduct our business through our operating subsidiary Zhejiang Net Plastic Technology Co. We are a leading provider of supply chain management services in East China, servicing customers in the plastics and chemical industries in China. Through our technology-enabled platform, we provide a full spectrum of services to Chinese SME customers, including but not limited to, procurement, shipping and logistics, payments and fulfillment services. (SMEs are small and medium enterprises.)

To address the extensive need from SMEs in China for more stable sources of supply, lower procurement costs, higher product quality, and enhanced risk management in the plastics and chemical markets in China, we aspire to build the largest one-stop shop for the plastic and chemical raw material supply chain in China. We believe that our supply management platform has the capacity to help streamline and optimize the operational processes of market participants, enhance sustainability and resilience in the entire supply chain, and create a dynamic ecosystem where stakeholders can engage in transactions with ease and efficiency.

We have built a highly scalable distributed software architecture for our platform that allows for continuous improvement. We have also built an effective UED process to improve the customer experience. In addition, with over a decade of experience in the plastic and chemical raw material market in China, we have amassed substantial transaction data, including supplier and customer information, price trends, category-specific price indexes and market demand volume. The extensive data collection enables us to more accurately analyze price trends and market demand and make more informed decisions. 

We provide our customers with a one-stop procurement solution, for which our revenues are generated from sales of products that our customers purchase on our platform. We purchase products from suppliers, including manufacturers or distributors, and sell them directly to our customers. The value of our services is taken into account and reflected in the purchase price of products. We determine the prices (of the products) sold to our customers. We generate gross profit from the difference between the procurement price and the sales price of products. Once we purchase the products from our suppliers, we arrange the shipping and delivery. Deliveries are typically completed within a few days, and often on the same day the products ordered.

Note: Net income and revenue are for the 12 months that ended Dec. 31, 2023.  **Note: The company received a government grant of $2.9 million during the six months that ended Dec. 31, 2023.

(Note: Texxon Holding Limited filed its F-1 on Aug. 13, 2024, for an IPO to raise up to $17.0 million, without disclosing the pricing terms. Background: Texxon Holding submitted confidential IPO documents to the SEC on March 26, 2024.)