| CUSTOMER |
CUSTOMER |
90%
|
For the year ended December 31, 2025, 2024, and 2023, there was one supplier that accounted for more than 10% of the total purchases of the Group |
| ARABIAN-ADVENTURES-LLC-DESERT-GATE-TOURISM-LLC |
ARABIAN-ADVENTURES-LLC-DESERT-GATE-TOURISM-LLC |
85%
|
ry is intensely competitive, subject to rapid change and significantly affected by new service introductions and other market activities of industry participants. Our subsidiaries compete with servic… |
| TC |
Token Cat Limited |
72%
|
uppliers No single customer accounted for more than 10% of the total revenue of the Group for the years ended December 31, 2025 and 2024. There were two customers accounted for more than 10% of the t… |
| TC |
Token Cat Limited |
72%
|
Reciprocal relationship from TC graph: Reciprocal relationship from AHMA graph: uppliers No single customer accounted for more than 10% of the total revenue of the Group for the years ended December … |
| UNM |
Unum Group |
72%
|
Reciprocal relationship from UNM graph: Reciprocal relationship from AHMA graph: Reciprocal relationship from UNM graph: Reciprocal relationship from AHMA graph: Reciprocal relationship from UNM grap… |
| UNM |
Unum Group |
72%
|
uppliers No single customer accounted for more than 10% of the total revenue of the Group for the years ended December 31, 2025 and 2024. There were two customers accounted for more than 10% of the t… |
| AC-SUNSHINE-SECURITIES-LLC |
AC-SUNSHINE-SECURITIES-LLC |
62%
|
ders Not applicable. 63 Item 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Concentration of Credit Risk Financial instruments that potentially subject us to the concentration of cred… |
| BEIJING-PRIVATE-EQUITY-FUND-MANAGEMENT-CO-LTD |
BEIJING-PRIVATE-EQUITY-FUND-MANAGEMENT-CO-LTD |
62%
|
uppliers No single customer accounted for more than 10% of the total revenue of the Group for the years ended December 31, 2025 and 2024. There were two customers accounted for more than 10% of the t… |
| CAPITAL-RESOURCES |
CAPITAL-RESOURCES |
62%
|
hareholders who are not officers or directors, however, will remain exempt from Section 16(a) reporting requirements. I. Subsidiary Information See “Item 4. Information on the Company—A. History and … |
| CHINA-INTERNATIONAL-TRAVEL-SERVICE-LIMITED |
CHINA-INTERNATIONAL-TRAVEL-SERVICE-LIMITED |
62%
|
erience in the tourism industry, used to serve as the manager of China International Travel Service Limited, a tour operator and travel agency in China, and has been the general manager of Hunter Dub… |
| COMPANY-LIMITED |
COMPANY-LIMITED |
62%
|
ess, financial condition, and results of operations. For the years ended December 31, 2025 and 2024, no customer individually represented more than 10% of the Group’s total revenue. For the year ende… |
| CTG-MICE-SERVICE-COMPANY-LIMITED |
CTG-MICE-SERVICE-COMPANY-LIMITED |
62%
|
nue for the years ended December 31, 2025 and 2024. Two clients, CTG MICE Service Company Limited and Shandong Weichai Import and Export Corporation, accounted for 20.8% and 11.1% of our total revenu… |
| HMDA-LIMITED |
HMDA-LIMITED |
62%
|
l at all times and is not shared with any third party without consent of the customer or other relevant person. Personal Data shall not be retained for periods longer than those required for the purp… |
| HMDC-LIMITED |
HMDC-LIMITED |
62%
|
l at all times and is not shared with any third party without consent of the customer or other relevant person. Personal Data shall not be retained for periods longer than those required for the purp… |
| HMDD-LIMITED |
HMDD-LIMITED |
62%
|
l at all times and is not shared with any third party without consent of the customer or other relevant person. Personal Data shall not be retained for periods longer than those required for the purp… |
| HMDE-LIMITED |
HMDE-LIMITED |
62%
|
l at all times and is not shared with any third party without consent of the customer or other relevant person. Personal Data shall not be retained for periods longer than those required for the purp… |
| HMDF-LIMITED |
HMDF-LIMITED |
62%
|
l at all times and is not shared with any third party without consent of the customer or other relevant person. Personal Data shall not be retained for periods longer than those required for the purp… |
| PINNACLE-PARTNERS-INC |
PINNACLE-PARTNERS-INC |
62%
|
l at all times and is not shared with any third party without consent of the customer or other relevant person. Personal Data shall not be retained for periods longer than those required for the purp… |
| QR-TRIPS-TOURISM-LLC |
QR-TRIPS-TOURISM-LLC |
62%
|
uppliers No single customer accounted for more than 10% of the total revenue of the Group for the years ended December 31, 2025 and 2024. There were two customers accounted for more than 10% of the t… |
| YOUPIN-AUTO-SERVICE-GROUP-CO-LTD |
YOUPIN-AUTO-SERVICE-GROUP-CO-LTD |
62%
|
uppliers No single customer accounted for more than 10% of the total revenue of the Group for the years ended December 31, 2025 and 2024. There were two customers accounted for more than 10% of the t… |
