8月15日，一修哥(EHGO)开盘上涨6.19%，截至21:30，报0.734美元/股，成交4927.0美元，总市值 2179.55万美元。 财务数据显示，截至2024年09月30日，一修哥收入总额671.25万美元，同比减少18.96%；归母净利 润-315.91万美元，同比减少1852.71%。 资料显示，一修哥公司是一家于2021年6月在开曼群岛注册成立的境外控股母公司,主要通过境内实体子 公司君长数码科技(上海)有限公司运营。该公司专注于两个截然不同的市场领域:办公用品销售和租赁, 以及售后维护和维修。公司是一家一站式服务公司,致力于为任何类型的办公场所提供整体解决方案。 且已在中国拥有20多个省级控股子公司,覆盖全国所有地区,在全国共有150个注册服务站。 本文源自：金融界 作者：行情君 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES E ...

财务数据显示，截至2024年09月30日，一修哥收入总额671.25万美元，同比减少18.96%；归母净利 润-315.91万美元，同比减少1852.71%。 8月8日，一修哥(EHGO)开盘上涨5.48%，截至21:33，报0.744美元/股，成交8063.0美元，总市值2000.19 万美元。 本文源自：金融界 作者：行情君 资料显示，一修哥公司是一家于2021年6月在开曼群岛注册成立的境外控股母公司,主要通过境内实体子 公司君长数码科技(上海)有限公司运营。该公司专注于两个截然不同的市场领域:办公用品销售和租赁, 以及售后维护和维修。公司是一家一站式服务公司,致力于为任何类型的办公场所提供整体解决方案。 且已在中国拥有20多个省级控股子公司,覆盖全国所有地区,在全国共有150个注册服务站。 ...

资料显示，一修哥公司是一家于2021年6月在开曼群岛注册成立的境外控股母公司,主要通过境内实体子 公司君长数码科技(上海)有限公司运营。该公司专注于两个截然不同的市场领域:办公用品销售和租赁, 以及售后维护和维修。公司是一家一站式服务公司,致力于为任何类型的办公场所提供整体解决方案。 且已在中国拥有20多个省级控股子公司,覆盖全国所有地区,在全国共有150个注册服务站。 本文源自：金融界 8月5日，一修哥(EHGO)盘中上涨2.76%，截至23:29，报0.82美元/股，成交3.93万美元，总市值2205.70 万美元。 财务数据显示，截至2024年09月30日，一修哥收入总额671.25万美元，同比减少18.96%；归母净利 润-315.91万美元，同比减少1852.71%。 作者：行情君 ...

资料显示，一修哥公司是一家于2021年6月在开曼群岛注册成立的境外控股母公司,主要通过境内实体子 公司君长数码科技(上海)有限公司运营。该公司专注于两个截然不同的市场领域:办公用品销售和租赁, 以及售后维护和维修。公司是一家一站式服务公司,致力于为任何类型的办公场所提供整体解决方案。 且已在中国拥有20多个省级控股子公司,覆盖全国所有地区,在全国共有150个注册服务站。 8月1日，一修哥(EHGO)盘中上涨2.22%，截至21:58，报0.791美元/股，成交3.84万美元，总市值2128.23 万美元。 财务数据显示，截至2024年09月30日，一修哥收入总额671.25万美元，同比减少18.96%；归母净利 润-315.91万美元，同比减少1852.71%。 本文源自：金融界 作者：行情君 ...

Core Viewpoint - Eshallgo, Inc. has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement for its class A ordinary shares, which has been below US$1.00 for the last 30 consecutive business days [1][2]. Compliance Period - The company has a compliance period of 180 calendar days, until January 19, 2026, to regain compliance with Nasdaq Listing Rules [2]. - If the closing bid price reaches US$1.00 or higher for at least ten consecutive business days during this period, Nasdaq will confirm compliance [2]. - Should the company fail to regain compliance by the deadline, it may be eligible for an additional 180-day compliance period if it meets other listing requirements [2]. Business Operations - The Nasdaq notification does not impact the company's business operations, and Eshallgo intends to take reasonable measures to regain compliance within the grace period [3]. Company Overview - Eshallgo, Inc. is a digital-first office solution provider based in Shenzhen, China, offering enterprise-grade hardware, printing services, software subscriptions, and technical support to small and medium-sized businesses [4][6]. - The company utilizes data analytics and automation to provide cost-efficient and scalable solutions that help businesses digitize and streamline their back-office operations [4][6].

Core Insights - Eshallgo Inc. has launched a suite of scenario-specific AI solutions aimed at addressing critical needs in enterprise environments, marking its entry into the enterprise-level AI sector [1][2] - The company aims to empower enterprises with intelligent tools that enhance automation, security, and strategic insights, which is expected to unlock significant long-term shareholder value [2] Industry Overview - The total value of China's AI industry surpassed RMB 700 billion (approximately USD 96 billion) in 2025, with an annual growth rate exceeding 20% [2] - The enterprise-focused AI application market is rapidly expanding as businesses modernize operations and integrate AI-driven automation [2] - The AI all-in-one device segment in China is projected to grow from RMB 123.6 billion (approximately USD 17 billion) in 2025 to over RMB 520.8 billion (approximately USD 71 billion) by 2027, reflecting a compound annual growth rate (CAGR) exceeding 60% [3] Company Strategy - Eshallgo is leveraging its extensive office services infrastructure to enter the intelligent office AI segment through a fully integrated hardware-software platform [1][4] - The company has partnered with leading domestic AI R&D teams to develop enterprise-grade intelligent applications, with a working demo now available for selected enterprise customers [5] - The initial product suite includes intelligent document management, automated task routing, smart procurement assistance, and cybersecurity-enhanced collaboration tools, designed for integration into existing IT systems [6] Market Positioning - Eshallgo is well-positioned to bring AI innovation directly into business environments, addressing previously underserved enterprise use cases where traditional software lacks real-time learning and decision-making automation [4][6][7] - By focusing on scenario-based intelligence, the company aims to close a critical gap in China's enterprise AI landscape while enhancing efficiency, security, and agility in daily operations [7]

Core Insights - Eshallgo Inc. has entered into a strategic partnership with Photonetco, enhancing its position in China's office equipment market [1][2] - The partnership allows Eshallgo to distribute over 10 custom-developed printer models and access Photonetco's after-sales service network [4][8] - The office printer market in China is valued at over USD 5 billion and is expected to grow at a CAGR of 6% through 2031, with the total addressable market exceeding USD 10 billion [3] Company Developments - Eshallgo is appointed as Photonetco's exclusive national strategic partner, marking a significant step in its market expansion efforts [2][5] - The agreement formalizes and expands the existing commercial relationship between Eshallgo and Photonetco [6] - Eshallgo is committed to meeting minimum purchase targets and maintaining inventory to ensure a steady supply [5] Market Context - The partnership aligns with national policies promoting domestic technology adoption and data security, which are driving growth in the office equipment sector [3][7] - Photonetco has a strong history in the industry, being a pioneer in secure printing solutions and continuously investing in R&D [8] - The collaboration aims to support national industrial upgrading and enhance Eshallgo's competitive offerings in the market [9]

Financial Statements [Condensed Consolidated Balance Sheets](index=1&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) As of September 30, 2024, Eshallgo Inc reported total assets of $23.7 million, an increase from $19.7 million on March 31, 2024, driven by growth in current assets, while total equity rose to $20.3 million Key Balance Sheet Items (in USD) | Balance Sheet Item | September 30, 2024 | March 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $21,276,083 | $18,073,568 | | **Total Assets** | $23,711,265 | $19,686,668 | | **Total Current Liabilities** | $3,201,774 | $2,385,578 | | **Total Liabilities** | $3,362,611 | $2,578,802 | | **Total Equity** | $20,348,654 | $17,107,866 | [Unaudited Condensed Consolidated Statements of Income (Loss) and Comprehensive Loss](index=3&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20INCOME%20%28LOSS%29%20AND%20COMPREHENSIVE%20LOSS) For the six months ended September 30, 2024, the company reported a net loss of $3.0 million, a sharp downturn from a net income of $481,770 in the prior year period due to lower revenue and higher operating expenses Income Statement Comparison (Six Months Ended September 30) | Metric | 2024 | 2023 | | :--- | :--- | :--- | | **Total Revenue** | $6,712,478 | $8,283,330 | | **Gross Profit** | $1,576,346 | $2,218,896 | | **Income (Loss) from Operations** | ($3,012,363) | $498,609 | | **Net Income (Loss)** | ($3,003,132) | $481,770 | | **Net Income (Loss) Attributable to Eshallgo Inc** | ($3,159,118) | $180,242 | | **Earnings (loss) per common share - basic and diluted** | ($0.15) | $0.01 | [Unaudited Condensed Consolidated Statements of Changes in Equity](index=4&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CHANGES%20IN%20EQUITY) Total equity increased from $17.1 million to $20.3 million, primarily driven by the issuance of Class A Ordinary Shares for cash and services, which added approximately $5.9 million, partially offset by a net loss - Issuance of **1,250,000 Class A Ordinary Shares** for cash, raising **$3.82 million** in additional paid-in capital[7](index=7&type=chunk) - Issuance of Class A Ordinary Shares for services, adding **$2.08 million** to additional paid-in capital[7](index=7&type=chunk) - A net loss of **$3.16 million** reduced retained earnings[7](index=7&type=chunk) - A foreign currency translation gain of **$305,987** improved accumulated other comprehensive income[7](index=7&type=chunk) [Unaudited Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) For the six months ended September 30, 2024, the company had a net cash outflow from operations of $3,310, but strong financing inflows of $4.3 million from its IPO offset increased investing outflows Cash Flow Summary (Six Months Ended September 30) | Cash Flow Activity | 2024 | 2023 | | :--- | :--- | :--- | | **Net cash provided by (used in) operating activities** | ($3,310) | $351,474 | | **Net cash used in investing activities** | ($4,740,236) | ($1,163,819) | | **Net cash provided by financing activities** | $4,262,523 | $102,817 | | **Net decrease in cash, cash equivalents and restricted cash** | ($379,958) | ($973,505) | - The primary source of financing cash flow was the **$4.44 million net proceeds from the initial public offering**[8](index=8&type=chunk) - The ending balance of cash, cash equivalents, and restricted cash was **$4,982,143** as of September 30, 2024[9](index=9&type=chunk) Notes to Unaudited Condensed Consolidated Financial Statements [Note 1: Organization and Business Description](index=7&type=section&id=NOTE%201%20%E2%80%94%20ORGANIZATION%20AND%20BUSINESS%20DESCRIPTION) Eshallgo Inc, a Cayman Islands holding company, operates in the PRC through a VIE structure to engage in the sales, leasing, and maintenance of office equipment, which poses regulatory risks - The company is engaged in the sales, leasing, and maintenance of office equipment in the PRC[10](index=10&type=chunk) - The company operates through a **VIE structure**, where contractual arrangements give it control over its main PRC operating entities (Junzhang Shanghai and Junzhang Beijing)[18](index=18&type=chunk)[20](index=20&type=chunk) - The VIE structure carries risks, as PRC authorities could challenge the legality of the contractual arrangements, potentially impacting the company's ability to operate and consolidate the VIEs[29](index=29&type=chunk)[32](index=32&type=chunk) VIE Financial Summary (as of Sept 30, 2024) | Metric | Amount (USD) | | :--- | :--- | | **Total Assets** | $19,799,875 | | **Total Liabilities** | $2,781,999 | | **Net Revenue (6-mo ended)** | $6,192,252 | | **Net Loss (6-mo ended)** | ($5,932) | [Note 2: Summary of Significant Accounting Policies](index=14&type=section&id=NOTE%202%20%E2%80%94%20SUMMARY%20OF%20SIGNIFICANT%20ACCOUNTING%20POLICIES) The financial statements are prepared under U.S. GAAP, with key policies including revenue recognition under ASC 606, the CECL model for credit losses, and lease accounting under ASC 842 - The company is an **'emerging growth company'** and can delay the adoption of new or revised accounting standards[97](index=97&type=chunk) - Revenue is recognized based on a five-step model (**ASC 606**), with equipment sales recognized at a point in time and services/leasing recognized over time[68](index=68&type=chunk)[69](index=69&type=chunk) - The company adopted the **CECL model (ASU 2016-13)** to estimate expected credit losses on financial instruments like accounts receivable[46](index=46&type=chunk) Revenue Disaggregation (Six Months Ended) | Revenue Source | 2024 | 2023 | | :--- | :--- | :--- | | Sales of equipment | $5,480,454 | $6,475,899 | | Maintenance services | $595,531 | $1,078,065 | | Leasing of equipment | $632,556 | $722,601 | | **Total Revenue** | **$6,712,478** | **$8,283,330** | [Note 3: Accounts Receivable, Net](index=25&type=section&id=NOTE%203%20%E2%80%94%20ACCOUNTS%20RECEIVABLE%2C%20NET) Net accounts receivable decreased to $4.49 million as of September 30, 2024, from $4.97 million on March 31, 2024, while the allowance for credit losses increased Accounts Receivable, Net (in USD) | Component | September 30, 2024 | March 31, 2024 | | :--- | :--- | :--- | | Accounts receivable | $4,691,466 | $5,100,595 | | Less: allowance for credit loss | ($201,252) | ($133,449) | | **Accounts receivable, net** | **$4,490,214** | **$4,967,146** | [Note 4: Long-Term Receivable, Net](index=26&type=section&id=NOTE%204%20%E2%80%94%20LONG-TERM%20RECEIVABLE%2C%20NET) The company holds two significant long-term receivables totaling over $1.18 million from a customer and a vendor, both bearing low interest rates and due in 2026 and 2027 respectively - A long-term accounts receivable from Shanghai Puli Printing Co, Ltd had an outstanding balance of **$171,643** as of Sept 30, 2024[105](index=105&type=chunk) - A long-term other receivable from vendor Shanghai Mingzhe Office Equipment Co, Ltd had an outstanding balance of **$1,015,392** as of Sept 30, 2024[106](index=106&type=chunk) [Note 5: Advance to Vendors, Net](index=26&type=section&id=NOTE%205%20%E2%80%94%20ADVANCE%20TO%20VENDORS%2C%20NET) Net advances to vendors decreased from $1.84 million to $1.37 million between March and September 2024, with a slight increase in the allowance for doubtful accounts Advance to Vendors, Net (in USD) | Component | September 30, 2024 | March 31, 2024 | | :--- | :--- | :--- | | Prepayment for goods | $1,563,997 | $2,007,865 | | Less: allowance for doubtful accounts | ($199,780) | ($175,135) | | **Advance to vendors, net** | **$1,370,328** | **$1,837,209** | [Note 6: Inventories, Net](index=27&type=section&id=NOTE%206%20%E2%80%94%20INVENTORIES%2C%20NET) Net inventories, primarily consisting of purchased office equipment and parts, decreased to $1.80 million as of September 30, 2024, from $1.96 million at March 31, 2024 Inventories, Net (in USD) | Component | September 30, 2024 | March 31, 2024 | | :--- | :--- | :--- | | Purchased office equipment for sale | $976,086 | $1,239,240 | | Equipment parts and supplies | $802,097 | $695,023 | | Less: inventory reserve | ($18,170) | ($19,830) | | **Inventories, net** | **$1,798,838** | **$1,963,166** | [Note 7: Prepaid Expenses and Other Current Assets, Net](index=27&type=section&id=NOTE%207%20%E2%80%94%20PREPAID%20EXPENSES%20AND%20OTHER%20CURRENT%20ASSETS%2C%20NET) Prepaid expenses and other current assets increased to $2.14 million, driven by a rise in short-term, interest-free loans to third parties and employees to $1.91 million - Loans to third parties and employees, used for short-term funding, increased to **$1,907,429** as of Sept 30, 2024, from $1,307,874 as of March 31, 2024[109](index=109&type=chunk) - Deferred IPO costs of **$433,007** present at March 31, 2024 were reclassified to equity upon the IPO's completion[109](index=109&type=chunk) [Note 8: Finance Receivables, Net](index=27&type=section&id=NOTE%208%20%E2%80%94%20FINANCE%20RECEIVABLES%2C%20NET) Net finance receivables from sales-type leases decreased to $157,284 as of September 30, 2024, from $197,525 on March 31, 2024, with the balance split between current and non-current portions Finance Receivables, Net (in USD) | Component | September 30, 2024 | March 31, 2024 | | :--- | :--- | :--- | | Gross receivables | $171,712 | $216,648 | | Unearned income | ($9,919) | ($13,083) | | Provision for credit loss | ($4,509) | ($6,040) | | **Finance receivables, net** | **$157,284** | **$197,525** | [Note 9: Property and Equipment, Net](index=28&type=section&id=NOTE%209%20%E2%80%94%20PROPERTY%20AND%20EQUIPMENT%2C%20NET) The net book value of property and equipment, primarily machinery and equipment on operating leases, decreased to $534,956, with a depreciation expense of $130,559 for the six-month period Property and Equipment, Net (in USD) | Category | September 30, 2024 | March 31, 2024 | | :--- | :--- | :--- | | Machinery and equipment | $1,166,730 | $1,103,319 | | Less: accumulated depreciation | ($1,285,094) | ($1,121,136) | | **Property and equipment, net** | **$534,956** | **$599,831** | - Depreciation expense was **$130,559** for the six months ended September 30, 2024, compared to $244,439 for the same period in 2023[112](index=112&type=chunk) [Note 10: Accrued Expenses and Other Current Liabilities](index=28&type=section&id=NOTE%2010%20%E2%80%94%20ACCRUED%20EXPENSES%20AND%20OTHER%20CURRENT%20LIABILITIES) Accrued expenses and other current liabilities increased significantly to $412,696, mainly due to new liabilities for service fees payable and a refundable capital contribution Accrued Expenses Breakdown (in USD) | Component | September 30, 2024 | March 31, 2024 | | :--- | :--- | :--- | | Customer security deposit | $65,811 | $71,333 | | Service fees payable | $44,930 | $— | | Refundable capital contribution | $124,022 | $— | | Others | $167,966 | $24,106 | | **Total** | **$412,696** | **$105,159** | [Note 11: Related Party Transactions](index=29&type=section&id=NOTE%2011%20%E2%80%94%20RELATED%20PARTY%20TRANSACTIONS) The company engages in extensive transactions with related parties, with balances due from these parties, including loans to officers, increasing substantially to $2.84 million - Due from related parties, which includes interest-free loans, increased significantly to **$2,843,715** as of Sept 30, 2024, from $366,761 as of March 31, 2024[119](index=119&type=chunk) Related Party Sales and Purchases (Six Months Ended Sept 30) | Transaction Type | 2024 | 2023 | | :--- | :--- | :--- | | Sales to related parties | $669,697 | $169,567 | | Purchases from related parties | $431,320 | $291,228 | [Note 12: Leases](index=32&type=section&id=NOTE%2012%20%E2%80%94%20LEASES) The company acts as both a lessee for office space, with lease liabilities of $365,367, and a lessor, generating $692,915 in lease income for the six-month period Lessee Lease Position (as of Sept 30, 2024) | Metric | Value | | :--- | :--- | | Operating lease right-of-use lease assets | $260,375 | | Total operating lease liabilities | $365,367 | | Weighted average remaining lease term | 2.83 years | | Weighted average discount rate | 4.16% | Lessor Lease Income (Six Months Ended Sept 30) | Income Component | 2024 | 2023 | | :--- | :--- | :--- | | Lease income - operating leases | $508,013 | $501,450 | | Variable lease income | $124,543 | $221,151 | | Revenue from sales type leases | $8,880 | $34,025 | | **Total Lease Income** | **$692,915** | **$858,683** | [Note 13: Concentrations](index=34&type=section&id=NOTE%2013%20%E2%80%94%20CONCENTRATIONS) The company faces significant concentration risks, with nearly all assets and revenues in the PRC, a majority of cash held in uninsured PRC bank accounts, and some vendor concentration - Substantial assets and revenues are located in the PRC, and a significant portion of cash (**$3.5 million** as of Sept 30, 2024) is held in PRC banks with no deposit insurance[130](index=130&type=chunk)[131](index=131&type=chunk)[134](index=134&type=chunk) - For the six months ended September 30, 2023, two vendors accounted for **15.8% and 10.3%** of total purchases[135](index=135&type=chunk) - As of September 30, 2024, one vendor accounted for **13.2%** of the total accounts payable balance[136](index=136&type=chunk) [Note 14: Short-Term Bank Loan](index=35&type=section&id=NOTE%2014%20%E2%80%94%20SHORT-TERM%20BANK%20LOAN) The company borrowed $30,755 from Webank for working capital at interest rates of 10.26% to 13.58%, and these loans have since been fully repaid - The company entered into loan agreements with Webank for RMB 215,740 (**$30,755**) with interest rates between **10.26% and 13.58%**, and the loans were fully repaid as of the report date[137](index=137&type=chunk) [Note 15: Taxes](index=15&type=section&id=NOTE%2015%20%E2%80%94%20TAXES) The company benefits from preferential tax rates in the PRC but maintains a significant valuation allowance of $510,571 against its deferred tax assets, indicating uncertainty about their future realization - PRC subsidiaries benefit from preferential tax rates (e.g, **15% for HNTE, 5% for small low-profit enterprises**) instead of the standard 25% EIT rate[141](index=141&type=chunk)[142](index=142&type=chunk) - The company has net operating loss carryforwards of approximately **$4.2 million**, which will expire between 2025 and 2033 if not used[146](index=146&type=chunk) - A valuation allowance of **$510,571** has been recorded against deferred tax assets, suggesting it is more likely than not that these assets will not be realized[145](index=145&type=chunk)[146](index=146&type=chunk) [Note 16: Shareholders' Equity](index=37&type=section&id=NOTE%2016%20%E2%80%94%20SHAREHOLDERS%27%20EQUITY) Shareholders' equity was impacted by a $5.0 million IPO, significant share-based compensation, and PRC regulations that restrict the transfer of $4.98 million in net assets from its subsidiary and VIEs - The company closed its IPO on July 3, 2024, selling 1,250,000 Class A ordinary shares at $4.00 per share for gross proceeds of **$5.0 million**[156](index=156&type=chunk) - Significant share-based compensation was issued, including over **1.5 million shares** for IPO-related services and **2 million restricted shares** for consulting services[154](index=154&type=chunk)[155](index=155&type=chunk) - As of September 30, 2024, restricted net assets of the PRC subsidiary and VIEs amounted to **$4,975,480**, limiting the funds that can be transferred to the parent company[160](index=160&type=chunk) [Note 17: Subsequent Events](index=39&type=section&id=NOTE%2017%20%E2%80%94%20SUBSEQUENT%20EVENTS) After the reporting period, the company secured significant financing, including $5 million in convertible debentures and a $142,554 bank loan - In late 2024, the company entered into an agreement to place up to **$5,000,000 in convertible debentures**, with the full amount issued by December 30, 2024[161](index=161&type=chunk) - On January 8, 2025, the company borrowed **$142,554** (RMB 1.0 million) from the Bank of China for one year at a **3.27% interest rate**[162](index=162&type=chunk)

Core Viewpoint - Eshallgo Inc has entered into a partnership with Zhenjiang High-tech Development Group to establish a nationwide AI Data Center and Supply Chain Center, aiming to enhance its market position and revenue through advanced data analysis and AI technology [1][2]. Group 1: Partnership and Strategic Development - The collaboration with Zhenjiang High-tech will provide Eshallgo with industrial support, office space, cost advantages in land, and access to talent, which are essential for building the data operation and supply chain center [2]. - Zhenjiang's strategic location in the Yangtze River Delta offers transportation advantages that will help Eshallgo reduce operating costs and improve supplier selection, thereby enhancing overall operational efficiency and profitability [2]. Group 2: Future Growth and Vision - Eshallgo aims to transition from a traditional hardware seller to a company focused on online sales and services, leveraging AI's large data models to improve office solutions and services [1]. - The company expects to achieve a 100% growth in overall sales revenue within the next two years, driven by the establishment of the AI Data Center [1]. - Eshallgo is committed to its development philosophy of "Innovation, Collaboration, and Mutual Success," seeking partnerships with high-quality enterprises to advance the office service industry in China [3]. Group 3: Company Overview - Eshallgo Inc is a leading office solution provider in China, specializing in office supply sales, leasing, and after-sale maintenance, with a presence across 20 provinces [4]. - The company's mission is to become a comprehensive office integrator and service provider, expanding its service market beyond office equipment to create maximum value for customers [4].