Xuhang Holdings ^{Filed Terms, Nasdaq: SUNH}

Our PRC subsidiaries are content-driven marketing service providers that offer a package of integrated marketing solutions across a broad range of distribution channels with a primary focus on new media content marketing. Leveraging our PRC subsidiaries’ expertise in content production and operation, extensive distribution channels, and cross-platform new media account base, our PRC subsidiaries aim to provide customers with efficient and effective integrated marketing solutions that address their marketing needs in the context of the new media era. Customers utilize our PRC subsidiaries’ marketing services to achieve their branding and marketing goals across multiple channels with a primary focus on we-media platforms such as WeChat official accounts, Weibo, Xiaohongshu, Toutiao, Douyin, Kuaishou, and Baidu Baijiahao. As of August 31, 2023, our PRC subsidiaries had delivered short videos and advertorials that generated over 167 billion views in total; our PRC subsidiaries’ new media account base comprised 539 self-operated accounts and 461 cooperative accounts, which collectively reached approximately 174 million Internet followers. Customers of our PRC subsidiaries include large Internet platform companies and small- to medium-sized local businesses in all segments of urban life, including catering, entertainment, and travel. As of December 31, 2021 and 2022 and September 30, 2023, our PRC subsidiaries had a marketer base of 810, 1,002, and 468, respectively.