Polibeli Group Ltd

was incorporated in the Cayman Islands in March 2024 as a company with limited liability under the Cayman Companies Act. The Company is a holding company without any business operations. We provide digital supply chain services and distribution sales through our subsidiaries in a number of countries around the globe. Currently, our business is mainly in Japan and Indonesia, while we also have business operations in a number of international locations including Singapore, Korea, the US, France, Hong Kong and Italy. Tian Xing Cloud (Singapore) Supply Chain Pte. Ltd. ( Cloud Singapore ) was established as a holding company under the laws of Singapore in May 2021. Subsequent to establishment of the Company, it acquired 100% shares of Cloud Singapore from Hong Kong Xinyun Trading Limited ( Xinyun Trading ) in May 2024. Cloud Singapore acquired the following entities from Yun Yuan (HK) Trading Co., Ltd ( Yun Yuan HK ), Xinyun Trading and Hong Kong Xinyun Logistics Trading Limited ( Xinyun Logistics ), respectively, during the period from September 2023 to May 2024. Each of Yun Yuan HK, Xinyun Trading and Xinyun Logistics is a related party of ours under common ultimate control. Kouun Syoji Co., Ltd ( , Cloud Japan ), incorporated in Japan in May 2016 and acquired by Cloud Singapore from Xinyun Logistics in March 2024, is an operating entity for our goods trading business in Japan. Tianxingyun International Trade Pte. Ltd.