Epwk Holdings Ltd. (China)

The Company principally engages in providing an online service platform, which can assist small service providers to promote their business to users with real service requirements.
The business is operated through its subsidiaries in the People's Republic of China (the “PRC”). The Company s mission is to add value to our users in both service supply and demand sides. It create an innovative and efficient cloud sourcing platform to connect businesses with great talents.
The Company operate the second largest online marketplace according to the F S report as measured by GMV to enable businesses (buyers) and service providers (sellers) to find each other.
The Company s marketplace platform www.epwk.com was launched in 2011 and it has achieved significant growth ever since its inception. The Company s platform users are both buyers who seek talents for their jobs and sellers who offer different talents and skills. It currently has over 23 million registered users and offer an expansive catalog to provide diversified services to businesses of all sizes.
The Company has determined that it operates in three operating and reportable segments: online promotion for users' business, shared office space rentals and management and value-added commercial services. These three segments are determined to report since they exceed the 10 threshold of the consolidated revenue of the entire business.
HISTORY
2011 The Company was founded in March 2011. The Company s variable interest entity, Xiamen EPWK Network Technology Co., Ltd. (“EPWK VIE”), was established on March 25, 2011 in Xiamen, Fujian Province, PRC pursuant to PRC laws.
2022 The Company was incorporated in the Cayman Islands on March 24, 2022, a holding company, as an exempted company with limited liability in the Cayman Islands. EPWK Group Limited (“EPWK BVI”), a subsidiary wholly owned by us, was incorporated in the British Virgin Islands on April 4, 2022. EPWK Holdings Limited (“EPWK HK”), EPWK BVI's wholly-owned subsidiary, was incorporated in Hong Kong on April 28, 2022. Yipinweike (Guangzhou) Network Technology Co., Ltd. (“WFOE”), EPWK HK's wholly owned subsidiary, was organized pursuant to PRC laws on July 26, 2022. On August 11, 2022, the Company consummated a reorganization pursuant to which, EPWK WFOE, EPWK VIE and EPWK VIE's shareholders entered into a series of contractual arrangements.
2023 The Company has applied to list the Class A Ordinary Shares on the Nasdaq Capital Market under the symbol “EPWK”.