QUHUO Ltd

Quhuo Limited is an exempted company with limited liability incorporated in the Cayman Islands in June 2019 and a holding company of our group. We commenced operations through Beijing Quhuo in 2012. In June 2019, founders of Beijing Quhuo, through their respective controlled entities, incorporated Quhuo Limited in the Cayman Islands as our listing entity and holding company with no material operations of its own. From June 2019 to July 2019, we incorporated various subsidiaries, including Quhuo Investment Limited, Quhuo Technology and Quhuo Information, all of which are investment holding companies with no substantive business operation. In August 2019, we became the sole beneficiary of the VIE for accounting purposes through a series of contractual arrangements between Quhuo Information, the VIE and the VIE’s shareholders and able to consolidate the financial results of the VIE and its subsidiaries with ours only if we meet the conditions for consolidation under U.S. GAAP. In August 2019, Quhuo Limited issued preferred shares to the VIE’s existing investors to reflect their respective equity interests in the VIE prior to the restructuring. In July 2020, we completed an initial public offering of 3,788,100 ADSs, raising approximately US$32.5 million in net proceeds after deducting underwriting commissions and the offering expenses payable by us. In November 2020, Beijing Quhuo acquired an approximately 54.22% equity interest in Lailai Information Technology (Shenzhen) Co., Ltd.