[Financial and Operational Overview](index=1&type=section&id=Financial%20and%20Operational%20Overview) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) GigaCloud achieved record Q2 2025 revenue with strong growth in revenue and net income, despite a slight gross margin decline [Second Quarter 2025 Financial Highlights](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Highlights) Q2 2025 total revenues increased 3.8% to $322.6 million, with net income rising 28.1% to $34.6 million Q2 2025 Financial Performance vs. Q2 2024 | Metric | Q2 2025 | Q2 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Total Revenues | $322.6 million | $310.9 million (calculated) | +3.8% | | Gross Profit | $76.9 million | $76.4 million (calculated) | +0.7% | | Gross Margin | 23.9% | 24.6% | -70 bps | | Net Income | $34.6 million | $27.0 million (calculated) | +28.1% | | Net Income Margin | 10.7% | 8.7% | +200 bps | | Diluted EPS | $0.91 | $0.65 | +40.0% | | Adjusted EBITDA | $43.3 million | $42.7 million (calculated) | +1.4% | | Adjusted EPS - diluted | $1.14 | $1.03 | +10.7% | [Year-to-Date 2025 Financial Highlights](index=1&type=section&id=Year-to-Date%202025%20Financial%20Highlights) H1 2025 total revenues increased 5.8% to $594.5 million, with net income up 13.8% to $61.7 million H1 2025 Financial Performance vs. H1 2024 | Metric | H1 2025 | H1 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Total Revenues | $594.5 million | $561.9 million (calculated) | +5.8% | | Gross Profit | $140.7 million | $143.0 million (calculated) | -1.6% | | Gross Margin | 23.7% | 25.4% | -170 bps | | Net Income | $61.7 million | $54.2 million (calculated) | +13.8% | | Net Income Margin | 10.4% | 9.6% | +80 bps | | Diluted EPS | $1.58 | $1.32 | +19.7% | | Adjusted EBITDA | $76.5 million | $77.2 million (calculated) | -0.9% | | Adjusted EPS - diluted | $1.96 | $1.88 | +4.3% | [Operational Highlights](index=1&type=section&id=Operational%20Highlights) The company achieved strong marketplace growth, with GigaCloud Marketplace GMV increasing 31.0% year-over-year Marketplace Metrics (12 Months Ended June 30, 2025) | Metric | Value | YoY Change | | :--- | :--- | :--- | | GigaCloud Marketplace GMV | $1,438.5 million | +31.0% | | 3P Seller GMV | $757.5 million | +32.5% | | Active 3P Sellers | 1,162 | +24.9% | | Active Buyers | 10,951 | +50.9% | | Spend per Active Buyer | $131,359 | N/A | - 3P seller GMV constituted **52.7%** of the total GigaCloud Marketplace GMV for the 12 months ended June 30, 2025[12](index=12&type=chunk) [Management Commentary](index=3&type=section&id=Management%20Commentary) Management highlighted record quarterly revenue driven by the Noble House portfolio and strategic market expansion - CEO Larry Wu emphasized that record revenue was powered by the accelerating performance of the Noble House portfolio, which is becoming a significant margin contributor[8](index=8&type=chunk) - Strategic priorities include attracting new marketplace participants and expanding the European footprint to match the scale of the U.S. market[8](index=8&type=chunk) - CFO Erica Wei noted the company has repurchased approximately **4.3 million shares** for **$71 million** and invested around **$87 million** in acquisitions, highlighting a solid, debt-free balance sheet and strong operating cash flow[8](index=8&type=chunk) [Business Outlook](index=3&type=section&id=Business%20Outlook) The company forecasts Q3 2025 total revenues to be between $295 million and $310 million, based on current conditions - The Company expects total revenues for the third quarter of 2025 to be in the range of **$295 million** to **$310 million**[9](index=9&type=chunk) [Share Repurchase Program](index=3&type=section&id=Share%20Repurchase%20Program) The Board authorized a **$78 million** share repurchase program, with **$71 million** already executed as of August 7, 2025 - Total authorization for the share repurchase program is **$78 million**[10](index=10&type=chunk) - As of August 7, 2025, the company has repurchased approximately **4.3 million Class A ordinary shares** for a total of **$71 million**[10](index=10&type=chunk) - The program is set to run through August 28, 2025[10](index=10&type=chunk) [Financial Statements](index=7&type=section&id=Financial%20Statements) [Unaudited Condensed Consolidated Balance Sheets](index=7&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets increased to **$1.08 billion**, with liabilities decreasing and equity rising Balance Sheet Summary (in thousands of US dollars) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | **$577,260** | **$547,592** | | Cash and cash equivalents | $240,119 | $259,759 | | Inventories | $186,842 | $172,489 | | **Total Assets** | **$1,082,775** | **$1,070,475** | | **Total Current Liabilities** | **$273,891** | **$264,379** | | **Total Liabilities** | **$651,331** | **$665,258** | | **Total Shareholders' Equity** | **$431,444** | **$405,217** | [Unaudited Condensed Consolidated Statements of Comprehensive Income](index=9&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) H1 2025 total revenues grew 5.8% to **$594.5 million**, with net income rising 13.8% to **$61.7 million** Income Statement Summary - Six Months Ended June 30 (in thousands of US dollars) | Account | 2025 | 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Total Revenues | $594,512 | $561,944 | +5.8% | | Gross Profit | $140,670 | $142,995 | -1.6% | | Total Operating Expenses | $76,504 | $80,730 | -5.2% | | Operating Income | $64,166 | $62,265 | +3.1% | | Net Income | $61,698 | $54,164 | +13.8% | | Diluted EPS | $1.58 | $1.32 | +19.7% | [Unaudited Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) H1 2025 operating cash flow increased to **$48.0 million**, with share repurchases leading to a net cash decrease Cash Flow Summary - Six Months Ended June 30 (in thousands of US dollars) | Category | 2025 | 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $48,042 | $34,417 | | Net cash used in investing activities | ($24,178) | ($30,403) | | Net cash used in financing activities | ($46,207) | ($1,149) | | **Net decrease in cash** | **($19,634)** | **$2,360** | | Cash at end of period | $240,810 | $186,528 | - The primary use of cash in financing activities was **$46.0 million** for repurchases of ordinary shares, compared to none in the same period of 2024[27](index=27&type=chunk) [Non-GAAP Financial Measures and Reconciliations](index=11&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Reconciliations) [Reconciliation of Adjusted EBITDA](index=11&type=section&id=Reconciliation%20of%20Adjusted%20EBITDA) Adjusted EBITDA for H1 2025 was **$76.5 million**, a slight decrease from the prior year, after key adjustments Adjusted EBITDA Reconciliation - Six Months Ended June 30 (in thousands of US dollars) | Line Item | 2025 | 2024 | | :--- | :--- | :--- | | Net Income | $61,698 | $54,164 | | Add: Income tax expense | $11,761 | $8,190 | | Add: Depreciation and amortization | $4,189 | $4,145 | | Add: Share-based compensation | $4,253 | $14,147 | | Other adjustments | ($5,380) | ($3,405) | | **Adjusted EBITDA** | **$76,521** | **$77,241** | [Reconciliation of Adjusted EPS – Diluted](index=11&type=section&id=Reconciliation%20of%20Adjusted%20EPS%20%E2%80%93%20Diluted) Adjusted EPS for H1 2025 increased to **$1.96**, reconciled from diluted EPS by adding back per-share adjustments Adjusted EPS Reconciliation - Six Months Ended June 30 (in US dollars) | Line Item | 2025 | 2024 | | :--- | :--- | :--- | | Net income per ordinary share – diluted | $1.58 | $1.32 | | Add: Per share adjustments | $0.38 | $0.56 | | **Adjusted EPS – diluted** | **$1.96** | **$1.88** | [Other Information](index=3&type=section&id=Other%20Information) [About GigaCloud Technology Inc](index=5&type=section&id=About%20GigaCloud%20Technology%20Inc) GigaCloud Technology Inc operates a global B2B e-commerce platform specializing in large parcel merchandise - The company's B2B platform integrates discovery, payments, and logistics for large parcel merchandise[16](index=16&type=chunk) - It connects manufacturers in Asia with resellers in the U.S., Asia, and Europe, offering a comprehensive solution from the manufacturer's warehouse to the end customer's doorstep[16](index=16&type=chunk) [Conference Call](index=3&type=section&id=Conference%20Call) The company will host a conference call on August 7, 2025, at 6:30 pm U.S. ET to discuss financial results - A conference call is scheduled for **6:30 pm U.S. Eastern Time** on August 7, 2025[12](index=12&type=chunk) - A live and archived webcast will be accessible on the GigaCloud investor relations website[15](index=15&type=chunk)

PART I FINANCIAL INFORMATION [Financial Statements](index=7&type=section&id=Item%201.%20Financial%20Statements) Presents GigaCloud Technology Inc.'s unaudited condensed consolidated financial statements as of June 30, 2025, with a retrospectively applied accounting change - In Q1 2025, the company voluntarily changed its accounting for last-mile fulfillment, reclassifying costs between service and product revenues for greater transparency[83](index=83&type=chunk)[84](index=84&type=chunk) [Condensed Consolidated Balance Sheets](index=7&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets increased to $1.083 billion, liabilities decreased to $651.3 million, and shareholders' equity rose to $431.4 million Condensed Consolidated Balance Sheet Data (in thousands) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $240,119 | $259,759 | | Inventories | $186,842 | $172,489 | | Total current assets | $577,260 | $547,592 | | Total assets | $1,082,775 | $1,070,475 | | **Liabilities & Equity** | | | | Total current liabilities | $273,891 | $264,379 | | Total liabilities | $651,331 | $665,258 | | Total shareholders' equity | $431,444 | $405,217 | [Condensed Consolidated Statements of Comprehensive Income](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) In Q2 2025, total revenues grew 3.8% to $322.6 million and net income rose 28.1% to $34.6 million, with similar growth trends for the six-month period Financial Performance Summary (in thousands, except EPS) | Metric | Q2 2025 | Q2 2024 | YoY Change | H1 2025 | H1 2024 | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Total Revenues | $322,606 | $310,867 | +3.8% | $594,512 | $561,944 | +5.8% | | Gross Profit | $76,944 | $76,447 | +0.6% | $140,670 | $142,995 | -1.6% | | Operating Income | $35,843 | $27,448 | +30.6% | $64,166 | $62,265 | +3.1% | | Net Income | $34,552 | $26,969 | +28.1% | $61,698 | $54,164 | +13.9% | | Diluted EPS | $0.91 | $0.65 | +40.0% | $1.58 | $1.32 | +19.7% | [Condensed Consolidated Statements of Cash Flows](index=17&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) H1 2025 operating cash flow increased to $48.0 million, while investing and financing activities resulted in a $19.6 million net cash decrease Cash Flow Summary for Six Months Ended June 30 (in thousands) | Activity | 2025 | 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $48,042 | $34,417 | | Net cash used in investing activities | ($24,178) | ($30,403) | | Net cash used in financing activities | ($46,207) | ($1,149) | | **Net (decrease) increase in cash** | **($19,634)** | **$2,360** | - The significant use of cash in financing activities in H1 2025 was driven by **$46.0 million** in ordinary share repurchases, compared to none in the same period of 2024[60](index=60&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=34&type=section&id=Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes H1 2025 revenue growth to GigaCloud Marketplace expansion, with GMV up 31.0% and active buyers up 50.9%, while reduced G&A expenses boosted profitability [Key Financial and Operating Metrics](index=34&type=section&id=Key%20Financial%20and%20Operating%20Metrics) For the 12 months ended June 30, 2025, GigaCloud Marketplace GMV grew **31.0%** to **$1.44 billion**, driven by increased active sellers and buyers despite decreased spend per buyer Key Operating Metrics for 12 Months Ended June 30 (in millions, except for counts) | Metric | 2025 | 2024 | YoY Change | | :--- | :--- | :--- | :--- | | GigaCloud Marketplace GMV | $1,438.5M | $1,097.8M | +31.0% | | Active 3P sellers | 1,162 | 930 | +24.9% | | 3P seller GigaCloud Marketplace GMV | $757.5M | $571.9M | +32.5% | | Active buyers | 10,951 | 7,257 | +50.9% | | Spend per active buyer | $131,359 | $151,276 | -13.2% | [Results of Operations](index=47&type=section&id=Results%20of%20Operations) Q2 2025 revenues grew **3.8%** to **$322.6 million**, with a **50.6%** G&A expense reduction boosting operating income by **30.6%** and net income by **28.1%** Revenue Breakdown for Q2 (in thousands) | Revenue Stream | Q2 2025 | Q2 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Service revenues (3P) | $96,924 | $95,787 | +1.1% | | Product revenues (1P) | $94,209 | $92,033 | +2.4% | | Product revenues (Off-platform) | $131,176 | $122,825 | +6.8% | | **Total Revenues** | **$322,606** | **$310,867** | **+3.8%** | - General and Administrative expenses for Q2 2025 decreased by **50.6%** YoY to **$13.0 million**, driven by lower staff and rental costs from operational fulfillment centers[190](index=190&type=chunk) - Selling and Marketing expenses increased by **27.2%** YoY in Q2 2025, due to higher platform service fees and increased sales staff costs[188](index=188&type=chunk)[189](index=189&type=chunk) [Liquidity and Capital Resources](index=57&type=section&id=Liquidity%20and%20Capital%20Resources) As of June 30, 2025, the company held **$240.1 million** in cash, maintained sufficient liquidity, and used **$46.0 million** for H1 2025 share repurchases - The company's share repurchase program is authorized up to **$78 million** through August 28, 2025, with **$8.7 million** remaining available as of June 30, 2025[106](index=106&type=chunk)[231](index=231&type=chunk)[258](index=258&type=chunk) - The company renewed its two-year, **$30 million** credit facility with Wells Fargo in July 2024, maturing June 30, 2026, with no funds drawn[222](index=222&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=61&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) There have been no material changes in the company's market risk exposures since December 31, 2024 - There have been no material changes in the company's market risk exposures since December 31, 2024[247](index=247&type=chunk) [Controls and Procedures](index=61&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded the company's disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting - Management concluded that as of June 30, 2025, the company's disclosure controls and procedures were effective[249](index=249&type=chunk) - No material changes occurred to the company's internal control over financial reporting during the quarter ended June 30, 2025[250](index=250&type=chunk) PART II OTHER INFORMATION [Legal Proceedings](index=61&type=section&id=Item%201.%20Legal%20Proceedings) The company reached a preliminary settlement in a securities class action lawsuit on June 20, 2025, with immaterial financial impact due to insurance - The company reached a settlement agreement in the securities class action lawsuit (In Re GigaCloud Technology Inc Securities Litigation, No. 1:23-cv-10645-JMF)[253](index=253&type=chunk)[254](index=254&type=chunk) - The court granted preliminary approval of the settlement on June 20, 2025, with a final hearing on October 9, 2025, and the cost is not expected to materially impact finances[254](index=254&type=chunk) [Risk Factors](index=62&type=section&id=Item%201A.%20Risk%20Factors) The company's business faces significant risks from trade restrictions, including tariffs, which could disrupt cross-border logistics and materially harm results - The company identifies trade restrictions, including U.S. tariffs on China, as a significant risk that could materially and adversely affect its business by increasing costs and disrupting cross-border logistics[256](index=256&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=62&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the company's ongoing share repurchase program, which authorized **$78 million** and saw **$23.2 million** in Q2 2025 repurchases Share Repurchases for Quarter Ended June 30, 2025 | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 2025 | 1,261,657 | $12.68 | | May 2025 | 133,939 | $17.86 | | June 2025 | 272,987 | $17.96 | | **Total** | **1,668,583** | **-** | - The total authorized amount for the share repurchase program is **$78 million**, with approximately **$8.7 million** remaining available as of June 30, 2025[258](index=258&type=chunk)[261](index=261&type=chunk) [Other Information](index=63&type=section&id=Item%205.%20Other%20Information) On June 24, 2025, COO Mr. Xinyan Hao adopted a Rule 10b5-1 trading plan to sell up to **450,000** Class A ordinary shares - Mr. Xinyan Hao, Chief Operating Officer, adopted a Rule 10b5-1 trading plan on June 24, 2025, for the sale of up to **450,000** Class A ordinary shares[264](index=264&type=chunk) [Exhibits](index=64&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the quarterly report, including articles of association, CEO/CFO certifications, and Inline XBRL data

财务数据显示，截至2025年03月31日，大健云仓收入总额2.72亿美元，同比增长8.3%；归母净利润 2714.6万美元，同比减少0.18%。 8月7日，大健云仓(GCT)开盘上涨2.15%，截至21:31，报22.38美元/股，成交74.25万美元，总市值8.52 亿美元。 资料显示，大健云仓科技公司是一家在开曼群岛注册成立的境外控股母公司,主要由其境内实体子公司 大健云仓科技(苏州)有限公司运营。大健云仓"是从事大件商品出口的B2B交易平台,是全球领先的国际 贸易数字化服务商。依靠国际化商业架构,自有全球化物流仓储系统及精准数据营销分析系统,打造"全球 家居流通骨干网"。 本文源自：金融界 作者：行情君 大事提醒： 8月7日，大健云仓将于(美东)盘后披露2025财年中报（数据来源于纳斯达克官网，预计披露日期为美国 当地时间，实际披露日期以公司公告为准）。 ...

Core Insights - GigaCloud Technology Inc. (GCT) is expected to report a year-over-year decline in total revenues for Q2 2025, with estimates at $290.2 million, reflecting a 6.7% decrease [1][10] - Product revenues are projected to decline significantly by 20.4% to $179 million, attributed to normalization in order volumes and potential macroeconomic softness in cross-border e-commerce [1][2][10] - Service revenues are anticipated to grow by 30.6% to $111 million, which may partially offset the decline in product revenues [2][10] - Earnings per share are expected to decrease by 29.2% to 46 cents, linked to rising operational costs and lower revenue leverage [3] Revenue Breakdown - Total revenues for Q2 2025 are estimated at $290.2 million, down 6.7% year-over-year [1][10] - Product revenues are expected to be $179 million, indicating a 20.4% decline [1][10] - Service revenues are projected to reach $111 million, reflecting a growth of 30.6% [2][10] Earnings Outlook - The Zacks Consensus Estimate for earnings is set at 46 cents per share, a decrease of 29.2% from the previous year [3] - GCT currently has an Earnings ESP of 0.00% and a Zacks Rank of 4 (Sell), indicating a low probability of an earnings beat [4][5]

Group 1 - The core viewpoint of the news highlights the financial performance and market activity of Dajian Cloud Warehouse (GCT), which saw a stock price increase of 4.91% to $22.00 per share, with a total market capitalization of $838 million as of August 5 [1][2] - As of March 31, 2025, Dajian Cloud Warehouse reported total revenue of $272 million, reflecting a year-on-year growth of 8.3%, while the net profit attributable to shareholders was $27.146 million, showing a slight decrease of 0.18% compared to the previous year [1] - Dajian Cloud Warehouse is a B2B trading platform focused on the export of large goods and is recognized as a leading provider of digital services in international trade, leveraging a global logistics and warehousing system along with precise data marketing analysis [2] Group 2 - A significant event to note is that Dajian Cloud Warehouse is scheduled to release its mid-year financial report for the fiscal year 2025 on August 7, after market hours [2]

Group 1 - The stock price of GCT increased by 3.79% on August 4, closing at $21.765 per share with a total market capitalization of $829 million [1] - For the fiscal year ending March 31, 2025, GCT reported total revenue of $272 million, representing a year-on-year growth of 8.3%, while the net profit attributable to shareholders was $27.146 million, a slight decrease of 0.18% compared to the previous year [1] Group 2 - GCT is scheduled to release its mid-year report for the fiscal year 2025 on August 5, with the actual disclosure date subject to company announcements [2] - GCT is a Cayman Islands-registered holding company primarily operated by its domestic subsidiary, GCT Technology (Suzhou) Co., Ltd., and is a leading B2B trading platform for large goods exports, focusing on international trade digital services [2]

Core Viewpoint - GigaCloud Technology Inc will report its financial results for Q2 and the first half of 2025 on August 7, 2025, after market close, followed by a conference call to discuss the results [1]. Company Overview - GigaCloud Technology Inc is a pioneer in global end-to-end B2B ecommerce technology solutions for large parcel merchandise, offering a platform that integrates discovery, payments, and logistics tools [3]. - The GigaCloud Marketplace connects manufacturers, primarily in Asia, with resellers in the U.S., Asia, and Europe, facilitating cross-border transactions efficiently [3]. - The company launched its marketplace in January 2019, initially focusing on the global furniture market and has since expanded into home appliances and fitness equipment [3].

Core Insights - GigaCloud Technology Inc. has expanded its fulfillment capabilities in Europe by leasing a new facility in Werne, Germany, to support the growth of its B2B Marketplace [1][4] - The new Werne facility covers approximately 409,300 square feet and is part of a network of six fulfillment centers in Germany, enhancing both domestic and cross-border distribution across Europe [2] - GigaCloud's global fulfillment network now includes 39 facilities totaling over 11.2 million square feet across multiple countries, including the United States, United Kingdom, Germany, Canada, and Japan [2] Company Overview - GigaCloud Technology Inc. specializes in end-to-end B2B ecommerce solutions for large parcel merchandise, integrating product discovery, payments, and logistics into a single platform [5] - The GigaCloud Marketplace connects manufacturers, primarily in Asia, with global resellers, facilitating efficient cross-border transactions [5] - Since its launch in January 2019, GigaCloud has diversified its offerings from the global furniture market to include categories such as home appliances and fitness equipment [5]

Core Viewpoint - GigaCloud Technology Inc. (NASDAQ: GCT) is anticipated to report its Q2 earnings on August 6, after market closure, prompting analysis of expected outcomes and investment strategies [1] Company Overview - GigaCloud Technology Inc. is positioned as a long-term investment opportunity, with a focus on a 5-10 year investment horizon [1] - The investment strategy emphasizes a diversified portfolio that includes growth, value, and dividend-paying stocks, with a particular inclination towards value stocks [1] Investment Strategy - The company employs a straightforward investment approach, aiming to maintain simplicity in portfolio management [1] - Options trading is occasionally utilized as part of the investment strategy [1]

Core Points - The United States District Court for the Southern District of New York has approved a proposed class action settlement for purchasers of Class A ordinary shares of GigaCloud Technology Inc during the period from August 18, 2022, to May 22, 2024, amounting to $2,750,000 [1][2]. Settlement Details - The proposed settlement is intended to benefit all persons and entities who purchased or acquired Class A ordinary shares of GigaCloud during the specified Class Period and were allegedly damaged [1][2]. - A remote hearing is scheduled for October 9, 2025, to determine the fairness and adequacy of the proposed settlement, the dismissal of the action, the allocation plan for the settlement proceeds, and the approval of attorneys' fees and expenses [3]. Claim Process - Settlement Class Members must submit a Claim Form by October 6, 2025, to be eligible for a distribution from the Net Settlement Fund [6]. - Members wishing to exclude themselves from the Settlement Class must submit a written request by September 18, 2025, to avoid being bound by the court's judgments [7]. Objection Process - Any objections to the proposed settlement or related applications must be filed with the Court by September 18, 2025 [8].