Regulatory Environment - The company submitted filing materials to the CSRC on May 11, 2023, and obtained approval on July 24, 2023, but the approval has since lapsed[26]. - The company re-submitted the filing to the CSRC on October 9, 2024, and received new approval on March 13, 2025[26]. - The company is not currently subject to CAC review for its registered public offering in the U.S., but uncertainties exist regarding future regulatory changes in China[27]. - The company may face significant penalties or operational changes if found non-compliant with evolving PRC cybersecurity and data protection laws[39]. - The PRC government may exert more oversight over foreign securities offerings, which could impact the company's ability to offer shares[25]. - Recent regulatory developments indicate a trend towards stricter compliance requirements for companies operating in China, potentially affecting operational costs and business practices[37]. - The company faces significant uncertainty regarding the enactment and interpretation of regulatory requirements related to overseas listings[41]. - The company has not been involved in any cybersecurity investigations or received any regulatory inquiries as of the report date[40]. Financial Performance - Revenue from the top five customers accounted for 91% and 86% of total revenue for the years ended September 30, 2025 and 2024, respectively[74]. - As of September 30, 2025, net current liabilities were RMB 10,266,365 (US$ 1,462,943) and total deficits were RMB 7,188,181 (US$ 1,024,306) as of September 30, 2024[81]. - The company recorded a net loss for the years ended September 30, 2025 and 2024, and anticipates needing additional financing to support operations[80]. - Operating cash outflow was recorded for the year ended September 30, 2024, with expectations of increased operating and capital expenditures in the coming years[79]. - The company does not anticipate paying dividends in the foreseeable future, opting to reinvest earnings to expand product offerings and cover operating costs[118]. Operational Risks - The company faces risks related to creditworthiness of customers, which may adversely affect working capital if major customers fail to settle outstanding amounts[76]. - The company relies on third-party suppliers for raw materials and manufacturing, which may lead to increased costs and supply chain disruptions[85]. - Competition in the apparel SCM industry is intense, with many players leading to pricing pressure and potential loss of orders[90]. - The company is dependent on key executives and personnel, and loss of these individuals could negatively impact business operations[91]. - The company has identified material weaknesses in internal controls over financial reporting, which could lead to misstatements in financial results[102]. Market Conditions - The company’s operations and revenue are entirely generated in China, making it vulnerable to economic conditions and regulatory changes in the region[47]. - Political and economic developments in China may adversely impact the company's business and demand for its services[57]. - Seasonal fluctuations in sales are expected, with the highest sales occurring from August to December[84]. - The apparel SCM market in China is large and fragmented, with competition based on product design, price, quality control, and delivery[196]. Corporate Structure and Governance - The company was incorporated on November 3, 2021, and issued 10,351,125 shares to Action Holdings Limited as part of its reorganization for listing[140]. - Controlling shareholders hold 85.1% of shares, which may lead to conflicts of interest and affect decisions that could benefit other shareholders[114]. - Nasdaq may apply additional criteria for listing due to the company's small public offering and significant insider ownership, potentially impacting liquidity[115]. - The company is classified as an "emerging growth company" under the JOBS Act, which may hinder its ability to raise capital when needed[129]. Supply Chain and Production - The company offers a full suite of SCM services, including market trend analysis, product design, raw material sourcing, production, and logistics management, tailored to customer needs[161][166]. - The company sources raw materials primarily from third-party vendors in China, with a focus on cashmere and non-cashmere products[173]. - The company maintains a fashion showroom that is regularly updated to reflect the latest fashion trends, serving as a marketing tool[168]. - The company has stringent quality control procedures throughout the supply chain, ensuring finished goods meet customer specifications[177]. Strategic Initiatives - The company aims to broaden its customer base beyond China to key markets such as the United States and Europe, enhancing its design and development capabilities to attract new customers[156]. - The company plans to enhance the quality of apparel products and production efficiency by investing in technology infrastructure and improving collaboration with suppliers[159]. - Sustainability is a key focus, with plans to integrate sustainable practices into product sourcing and environmental marketing, including exploring eco-friendly raw materials[160].

Group 1 - The Company has officially approved a proposal to change its name from "Majestic Ideal Holdings Ltd" to "Ping An Biomedical Co., Ltd" during an Extraordinary General Meeting of Shareholders [1][3] - The name change will take effect upon the approval of the Registrar of Companies in the Cayman Islands and the issuance of the certificate of incorporation [4] - The Meeting authorized directors and the secretary to notify the Cayman Islands Registrar of Companies and complete necessary filings for the name change [5] Group 2 - The Board of Directors believes the name change will enhance the Company's corporate image and align with its strategic focus on biomedical and healthcare technologies [6] - The Company is committed to driving innovation and positioning itself as a leader in the biomedical and healthcare industry [6] - Majestic Ideal Holdings Ltd is a one-stop SCM service provider in the apparel industry, also dedicated to delivering innovative solutions in healthcare and biomedical technology [7]

Company Overview - Majestic Ideal Holdings Limited is a provider of supply chain management (SCM) services in the apparel industry, offering a one-stop solution for a wide range of yarn products, textiles, and finished garments [6] - The company's service offerings include market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management, providing end-to-end supply chain solutions tailored to customer needs [6] Initial Public Offering (IPO) Details - The company announced the closing of its initial public offering of 2,500,000 ordinary shares at a price of $6.00 per share, with aggregate gross proceeds of $15.0 million before expenses [1] - The ordinary shares began trading on the Nasdaq Capital Market under the symbol "MJID" on July 18, 2025 [1] - The company has granted underwriters a 45-day option to purchase an additional 375,000 ordinary shares at the offering price [2] Use of Proceeds - The net proceeds from the offering will be used for procuring raw materials for textile and garment manufacturing, broadening the customer base, enhancing efficiency and SCM service capabilities, exploring eco-friendly materials, and funding general working capital needs [1]

Company Overview - Majestic Ideal (MJID) is a one-stop clothing supply chain management (SCM) service provider that recently launched its IPO in the United States [1] IPO Performance - The opening price on the first day of trading was $5.39, which is below the IPO issuance price of $6 per ADS [1] - The stock reached a high of $5.40 and a low of $4.41 during the trading day [2] - The closing price was reported at $4.41, reflecting a decline of 26.50% from the previous day's close of $6.00 [2] Trading Statistics - Total trading volume for the day was approximately 363,000 shares, with a turnover rate of 1.78% [2] - The stock exhibited a price fluctuation of 16.50% throughout the trading session [2] - The market capitalization of Majestic Ideal is approximately $90.45 million [2] Financial Metrics - The company reported a negative earnings per share (EPS) of -$0.01 and a negative book value per share of -$0.06 [2] - The price-to-earnings (P/E) ratio is currently not applicable due to losses, and the price-to-book (P/B) ratio stands at -90.28 [2]

Company Overview - Majestic Ideal Holdings Limited is a provider of supply chain management (SCM) services in the apparel industry, offering a one-stop solution for a wide range of yarn products, textiles, and finished garments [6] - The company's service offerings include market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management, providing end-to-end supply chain solutions tailored to customer needs [6] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 2,500,000 ordinary shares at a price of $6.00 per share, with trading expected to begin on the Nasdaq Capital Market under the symbol "MJID" on July 18, 2025 [1] - The offering is expected to close on July 21, 2025, subject to customary closing conditions [1] - The company has granted underwriters a 45-day option to purchase up to an additional 375,000 ordinary shares at the offering price [2] Use of Proceeds - The net proceeds from the offering will be used for procuring raw materials for textile and garment manufacturing, broadening the customer base, enhancing efficiency and SCM service capabilities, exploring eco-friendly materials, and funding general working capital needs [1]

Group 1: Recent IPOs - Seven new stocks were listed last week, with four coming from China [1] - Notable IPOs include: - MAMK raised $6.5 million by issuing 1.63 million shares at $4 each [1] - ANPA raised $5 million by issuing 1.25 million shares at $4 each [1] - MSGY raised $6 million by issuing 1.5 million shares at $4 each [1] - BMHL raised $5.5 million by issuing 1.38 million shares at $4 each [1] - TLIH raised $8.96 million by issuing 2.24 million shares at $4 each [1] - DLXY raised $8 million by issuing 2 million shares at $4 each [2] - SPAC Globa Terra Acquisition raised $152 million [2] Group 2: Upcoming IPOs - Two companies plan to go public this week, including a Chinese enterprise [3] - Aura Minerals Inc. plans to list on NASDAQ with the ticker AUGO, aiming to raise $210 million by issuing 8.1 million shares at $25.92 each [4][5] - New Junyang Cashmere plans to list on NASDAQ with the ticker MJID, aiming to raise approximately $17.5 million by issuing 2.5 million shares at $6 to $7 each [6][7]