Golden Sun Technology Group Ltd.
As of the date of this annual report, we primarily operate two principal lines of business: tutorial services and e-commerce services. Prior to November 2023, our operations were primarily focused on …
As of the date of this annual report, we primarily operate two principal lines of business: tutorial services and e-commerce services. Prior to November 2023, our operations were primarily focused on tutorial and tutorial services. In response to the increasingly restrictive regulatory environment affecting the private education sector in China, after November 2023, we began to adjust our business strategy and gradually reduce our reliance on tutorial services as our primary sources of revenue. As part of this transition, we expanded our operations into e-commerce. Currently, more than 90% of our revenue is derived from our e-commerce business. Our tutorial services now account for a relatively small portion of total revenue and are maintained on a limited and supplemental basis. We believe that this business diversification reduces our exposure to regulatory risks associated with the education sector and allows us to leverage our existing customer base, operational experience, and technological infrastructure for our future business developments, although there can be no assurance that this strategy will be successful. E-Commerce Services In November 2023, we diversified our operations beyond tutoring and secondary language instruction to include e-commerce services.
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