HTL Capital ^{Filed Terms, Nasdaq: NCG}

We are a fast-growing furniture supplier principally engaged in the sale and distribution of upholstered furniture in India through Newcentury Trading, our Operating Subsidiary. We are engaged in the sales and distribution of mainly upholstered sofas under the brands “Domicil,” “Fabbrica,” “Corium Italia,” “Relax Studio by HTL” and “HomesToLife” or under the customer’s retail brand, and to a lesser extent, other furniture in the living room, dining room and bedroom such as case goods, mattresses, tables and chairs. “Domicil,” “Fabbrica” and “Corium Italia” are European brands designed by top-class designers from all over the world and offer premium and luxury products targeting the middle and upper class. “Domicil,” “Fabbrica,” and “Corium Italia,” are registered trademarks under related parties of the Company licensed for use to Newcentury Trading. “Relax Studio by HTL” is a brand targeting middle class customers who prioritize functionality, comfort and quality. “HomesToLife” is marketed to the premium mass market to provide customers with affordable, reliable and customizable options. We sell our products in India through furniture retail partners, dealers, and our retail stores to India’s growing middle and upper class and the premium mass market.