Group 1 - The company aims to raise approximately $25.05 million by issuing 5.01 million shares at a price range of $4 to $5 per share [3] - The raised funds will be utilized for enhancing the application, developing technological infrastructure and product operations, expanding agricultural procurement and trade services, as well as for working capital and general corporate purposes [3] - As of December 31, 2024, the platform has over 38 million merchants and offers around 21 million SKUs [3] Group 2 - For the fiscal year 2024, the company reported revenues of $2.223 billion and a net loss of $4.81 million [3] - In the first quarter of 2025, the company generated revenues of $472 million with a net loss of $400,000 [3] Group 3 - Post-IPO, Jinhong Deng will hold 17.77% of the shares with 74.91% voting power, while Min Liu will hold 2.62% [4] - Other significant shareholders include Neil Nanpeng Shen with 15.05% and 4.59% voting power, and Wise Prime International Limited with 8.94% and 2.73% voting power [4]

Core Insights - The article highlights the success of Linyi apples, emphasizing their quality, scale, and the hard work of local farmers [1][3] - The event "Overseas Chinese Media Connects Five Continents: Food Security and Rural Revitalization" showcases the international interest in Linyi's apple exports [1][3] Company Overview - WanHua Fruit Co., Ltd. specializes in the sales of Linyi apples, utilizing advanced sorting technology to ensure quality control before shipping [3][4] - The company has contributed to an increase in farmers' income by 2.6 billion yuan since its establishment and operates 120 acquisition points across 386 villages [3][4] Industry Development - Linyi County has a fruit planting area of 1.4 million acres, producing 25 billion kilograms of various fruits annually [3] - The county's fruit products are sold across 28 provinces in China and exported to 13 countries, including Dubai and Malaysia, with annual sales of 40,000 tons and revenue exceeding 120 million yuan [4] - The local government is promoting cross-border e-commerce as a key strategy to enhance foreign trade, with six companies currently active on e-commerce platforms [4][7] E-commerce and Innovation - The emergence of e-commerce entities like Yipin Yiyuan is transforming the agricultural sector, facilitating the sale of apples to various markets [7] - The county has developed a unique e-commerce model combining "front store and back warehouse" to optimize fruit distribution [7]