Tong Ying Group ^{Filed, US Offering, Nasdaq: TYZ}

We, through our Operating Subsidiaries, are engaged in the trading of commodities and supply chain consulting services in Mainland China. Our commodities trading business mainly involves purchasing chemical products, non-ferrous metal products, and agricultural products from upstream suppliers and selling such commodities to downstream customers. Our supply chain consulting service business mainly refers to the professional consultation we provide to our customers on bulk trading based on our customer resources data, industry experience, and professional knowledge in bulk trading to fit the needs of our customers. Our first operating subsidiary in Mainland China, SH Zhang Yang, was founded in 2021. Shortly afterwards, we acquired Zhejiang Xinyu, which was founded in 2020, at the end of 2021. Since 2021, the Company has gradually established a stable and mature risk control system which has been accepted by upstream and downstream enterprises. Our revenue is primarily generated from our commodities trading business and consulting services. In the fiscal years ended December 31, 2022 and 2023, our revenues reached approximately $438.8 million and $784.8 million, respectively, with a year-over-year growth of 78.8% in 2023 compared to 2022. For the six months ended June 30, 2023 and 2024, our total revenue was $324.4 million and $304.3 million, respectively.