JBDI Holdings Ltd

AND BASIS OF PRESENTATION JBDI Holdings Limited ( JBDI Holdings ) was incorporated in the Cayman Islands on October 11, 2022 under the Companies Act as an exempted company with limited liability. The authorized share capital was $ 500,000 divided into 500,000,000 Ordinary Shares, par value $ 0.001 each. On February 7, 2024, for purposes of a recapitalization in anticipation of the initial public offering, the Company’s shareholders passed resolutions to effect a 1:2 share sub-division (a forward stock split ) and to change the Company’s authorized share capital to $ 500,000 divided into 1,000,000,000 ordinary shares, of a par value of $ 0.0005 each. JBDI Holdings, through its subsidiaries (collectively referred to as the Company ), is mainly engaged in the reconditioning and recycling of containers in Singapore. The Company has over twenty (20) years of experience in the reconditioning and recycling of containers in the recycling industry.