Regulatory Environment - The company has not been identified as a "critical information infrastructure operator" or "online platform operator" by PRC regulatory authorities, thus not subject to cybersecurity review for its IPO[29]. - The Cybersecurity Review Measures require online platform operators with personal information of over one million users to undergo a cybersecurity review before listing abroad, but the company does not meet this criterion[36]. - The PRC government has significant control over the economy, which may affect the company's operations and market conditions[34]. - The company operates under a foreign-invested enterprise structure, which is subject to the PRC's Negative List that restricts foreign investment in certain sectors[42]. - Recent regulatory changes may impose stricter oversight on overseas offerings and foreign investments, potentially impacting the company's ability to operate[35]. - The company is monitoring evolving laws and regulations to mitigate compliance risks, but uncertainties remain regarding their interpretation and enforcement[30]. - The PRC's economic reforms have led to significant growth, but the government still plays a major role in regulating industrial development and resource allocation[40]. - The company may face increased costs to comply with existing and future laws and regulations, which could adversely affect its operations[34]. - Changes in political, social, or economic conditions in China could materially impact the company's business and financial results[38]. - The company cannot guarantee that it will not be subject to cybersecurity review in the future, which could disrupt operations[37]. - The company is subject to SAFE Circular 37, requiring PRC residents to register with SAFE for offshore investments, which may affect shareholder compliance[45]. Financial Performance - Revenue increased from $12,610,873 in the fiscal year ended December 31, 2023, to $15,796,983 in the fiscal year ended December 31, 2024, representing a growth rate of 25.26%[88]. - Revenue increased from $6,652,308 in the fiscal year ended December 31, 2022, to $12,610,873 in the fiscal year ended December 31, 2023, with a growth rate of 89.57%[88]. - For the fiscal year ended December 31, 2024, total revenue reached $15,796,983, representing a 25.5% increase from $12,610,873 in 2023 and a 137.5% increase from $6,652,308 in 2022[170]. - Net income for the fiscal year ended December 31, 2024 was $1,627,977, up 20.4% from $1,352,511 in 2023 and up 202.5% from $537,555 in 2022[170]. - Revenue increased by $3,186,110, or 25.26%, for the fiscal year ended December 31, 2024, and $5,958,565, or 89.57%, for the fiscal year ended December 31, 2023[90]. Taxation and Compliance - The company may be deemed a PRC resident enterprise, subjecting it to a 25% corporate income tax on global income, which could significantly increase income tax expenses and decrease profitability[68]. - Indirect transfer of equity interests in PRC subsidiaries by non-resident enterprises may be subject to a 10% income tax if deemed for tax avoidance, creating uncertainties for the company[69]. - The company faces challenges in converting RMB to foreign currencies due to governmental controls, which may restrict the ability to remit sufficient foreign currency for dividends[70]. - The company is currently classified as an "emerging growth company," allowing it to take advantage of certain exemptions from various reporting requirements applicable to other public companies[138]. - If the company ceases to qualify as a foreign private issuer, it would incur significant additional legal and accounting expenses, adversely affecting its results of operations[133]. Operational Risks - The operating entity competes in a highly-competitive market with many new entrants and few leading companies, which may adversely affect its business and financial condition[74]. - The operating entity's research and development efforts may fail to generate new products, impacting future success and financial results[75]. - Manufacturing problems could lead to product launch delays, inventory shortages, and unanticipated costs, adversely affecting operating results[78]. - The operating entity has a limited operating history since its establishment in 2016, making it difficult to evaluate future prospects and accurately forecast demand[84]. - The operating entity's ability to attract and retain key personnel is critical for effective business plan implementation[94]. - The operating entity's brand image is crucial for expanding its customer base and maintaining customer confidence[96]. - The operating entity's products must be produced in commercial quantities in a cost-effective manner to be profitable[92]. Customer and Supplier Dynamics - For the fiscal year ended December 31, 2024, two major customers accounted for 41.97% and 10.54% of total revenue, indicating significant revenue concentration risk[114]. - The Operating Entity sold products to 135, 117, and 101 customers for the fiscal years ended December 31, 2024, 2023, and 2022, respectively, indicating a growing customer base[168]. - The Operating Entity's sales from injection molding machine-dedicated manipulator arms accounted for over 58%, 77%, and 92% of total revenue in fiscal years 2024, 2023, and 2022, respectively[222]. - The Operating Entity's operations may be disrupted if it loses one or more of its limited number of suppliers[95]. - Three suppliers accounted for 24.45%, 18.40%, and 11.61% of total purchases for the fiscal year ended December 31, 2024[95]. Research and Development - The Operating Entity has been granted 64 patents in mainland China relating to its products[101]. - The Operating Entity holds three computer software copyrights, 32 utility model patents, and two design patents, enhancing its research and development capabilities[171]. - The Operating Entity's R&D expenses increased to approximately $1,563,059 for the fiscal year ended December 31, 2024, up from $1,362,058 in 2023 and $504,711 in 2022[203]. - The Operating Entity expects a significant increase in R&D expenses in the future to develop new products and enhance existing technologies[208]. - The Operating Entity has established collaboration agreements with universities to enhance R&D capabilities and has produced two invention patents under these agreements[205][206]. Corporate Governance and Structure - The corporate governance practices in the Cayman Islands may afford less protection to shareholders compared to U.S. corporations, potentially complicating the protection of shareholder interests[139]. - The company was incorporated on January 4, 2023, as an exempted company in the Cayman Islands, with subsequent subsidiaries established in the British Virgin Islands and Hong Kong[146]. - The corporate structure underwent significant changes, including the First Reorganization and Second Reorganization, impacting equity distribution among shareholders[158][157]. - As of the report date, directors and officers hold approximately 86.21% of the Ordinary Shares, allowing them significant influence over company management and decisions[118]. Market Conditions - Recent negative publicity surrounding China-based companies has negatively impacted stock prices, with warnings from U.S. politicians to avoid such investments[47]. - The HFCA Act may lead to the delisting of the Ordinary Shares if audit reports are not from PCAOB-inspected firms for two consecutive years[49]. - The PCAOB's inability to inspect firms in China could deprive investors of benefits, potentially affecting the value of the Ordinary Shares[49]. - The market price of the company's Ordinary Shares may be volatile and could decline due to various factors, including anticipated fluctuations in revenue and actions by securities analysts[130]. Future Plans and Investments - Approximately 33% of the funds raised from the IPO were allocated for the construction of a 5G digital intelligent equipment production base, 25% for establishing 24 local marketing and service offices in the PRC, and 17% for an industrial robot and automation application technology R&D center[131]. - The Operating Entity plans to invest approximately $5.52 million in establishing a 215,000 square foot 5G digital intelligent equipment production base, expected to increase production capacity by 300% compared to current levels[176]. - The Operating Entity intends to invest approximately $4.83 million in establishing a 13,000 square foot R&D center, aiming to employ 30 additional R&D personnel and enhance collaboration with universities and institutes[176]. - The Operating Entity plans to invest approximately $3.45 million to establish 24 local marketing and service offices across the PRC to expand its sales network and improve customer access[174].

As filed with the U.S. Securities and Exchange Commission on December 9, 2024. Registration No. 333-279569 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 5 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INLIF LIMITED (Exact name of registrant as specified in its charter) __________________________ | Cayman Islands | 3569 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | in ...

As filed with the U.S. Securities and Exchange Commission on October 1, 2024. Registration No. 333-279569 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 4 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INLIF LIMITED (Exact name of registrant as specified in its charter) __________________________ | Cayman Islands | 3569 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | inc ...

As filed with the U.S. Securities and Exchange Commission on September 24, 2024. Registration No. 333-279569 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 3 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INLIF LIMITED (Exact name of registrant as specified in its charter) __________________________ | Cayman Islands | 3569 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | ...

As filed with the U.S. Securities and Exchange Commission on August 30, 2024. Registration No. 333-279569 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INLIF LIMITED (Exact name of registrant as specified in its charter) __________________________ | Cayman Islands | 3569 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | inc ...

As filed with the U.S. Securities and Exchange Commission on August 20, 2024. Registration No. 333-279569 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) __________________________ | Cayman Islands | 3569 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation or organization) | Classification Code Number) | Identification Number) | | | No. 88, H ...

FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INLIF LIMITED (Exact name of registrant as specified in its charter) __________________________ Cayman Islands 3569 Not Applicable (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) As filed with the U.S. Securities and Exchange Commission on May 20, 2024. Registration No. 333-[•] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (State or other jurisdiction of incorporation o ...