(Note from the Prospectus: Investors are cautioned that you are not buying shares of a China-based operating company but instead are buying shares of a Cayman Islands holding company with operations conducted by our subsidiaries based in China and that this structure involves unique risks to investors.)

Yi Po Holdings is a holding company that was incorporated under the laws of the Cayman Islands on March 19, 2020. As a holding company with no material operations of our own, we conduct our operations in China through our subsidiary, Jiangsu Easy Parking. Yi Po Holdings, through Jiangsu Easy Parking, provides intelligent parking management systems and intelligent parking lot gate products in the People’s Republic of China (PRC).

We, through our PRC operating subsidiaries, entered into the intelligent parking industry in 2018. At present, we have installed our intelligent parking management system in approximately 76 parking lots across 20 cities in China, including 8 parking lots self-operated by us.

Our intelligent parking management system is widely used in the self-operated parking lots business and the cooperatively operated parking lots business, which is an electronic network system with automatic vehicle login, entrance and exit authentication, monitoring, and charging management functionalities. We launched a national network parking platform that provides vehicle owners with diverse services such as parking space search, navigation guidance, touchless payment, membership discounts, and owner’s car search, to provide convenient parking experiences to vehicle owners. We also provide intelligent parking lot gate products, which combine our intelligent parking software system with electromechanical products (i.e., ordinary parking lot gate). Our vehicle access efficiency is manifested by the intelligent management system installed in the parking lot gate products, which save and store information such as records of vehicles’ entrance and exit, time of entrance and exit.

Our revenues consist of (i) dealer licensing fee; (ii) parking space rental fee; and (iii) other related revenue.

**Note: Net revenue and net income in the chart are in U.S. dollars for the 12 months that ended June 30, 2022.

(Note: Unless otherwise indicated, all information in this prospectus has been adjusted to give effect to the 1-for-32 reverse stock split of our Ordinary Shares effected on July 9, 2022.)

(Note: Yi Po International Holdings Limited cut the size of its IPO by 25 percent – trimming the number of shares to 3.0 million – down from 4.0 million – and keeping the assumed IPO price at $5.00 – to raise $15.0 million, according to an F-1/A filing dated March 9, 2023. The IPO will now raise $5 million less than it would have under the previous terms. Yi Po International Holdings Limited filed an F-1/A dated Nov. 21, 2022, in which it disclosed updated financial statements for the six months that ended June 30, 2022. Yi Po International Holdings Limited set terms for its IPO – 4.0 million shares at $5.00 to raise $20.0 million – in an F-1/A filing dated Aug. 2, 2022. Yi Po International filed to go public with its F-1 dated Jan. 28, 2022, which followed its confidential filing with the SEC on Oct.18, 2021.)