Company: JSKJ
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001477932-25-008401
Chunk: 64

Company: Jiansu (Shanghai) Information Technology Co., Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 64
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 will take time to finish this upgrade and solidify a reputation for reliability and effectiveness among our customers. To adapt to evolving and increasingly demanding customer requirements and emerging industry standards, we may need to develop other new technologies or to upgrade our platform, mobile applications and systems. If our efforts to invest in the development of new technologies are unsuccessful, our business, financial condition and results of operations may be materially and adversely affected.

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In addition, the maintenance and processing of various operating and financial data is essential to the day-to-day operation of our business and formulation of our development strategies. Therefore, our business operations and growth prospects depend, in part, on our ability to maintain and make timely and cost-effective enhancements and upgrades to our technology and to introduce innovative additions which can meet changing operational needs. While continuing to invest in technology to enhance operational efficiency and reliability is one of our growth strategies, our current level of expenditure may not be sufficient to fully support our business operations and expansion needs. Failure to do so could cause economic losses and put us at a disadvantage to our competitors. We can provide no assurance that we will be able to keep up with technological improvements or that the technology developed by others will not render our services less competitive or attractive.

The COVID-19 pandemic has significantly impacted worldwide economic conditions and our business and operations have been and may continue to be adversely affected.

Beginning in 2020, outbreaks of COVID-19 resulted in the temporary closure of many corporate offices, retail stores, and manufacturing facilities across China. Normal economic life throughout China was curtailed. We took a series of measures to protect our employees, including temporarily closing our offices, facilitating remote working arrangements for our employees, and rescheduling business meetings and travels. The temporary closure in early 2020 put significant strains on product shipping and delivery, which led to a decrease in demand and supply of chemical and plastic raw materials and higher fulfillment expenses, especially our shipping costs. The COVID-19 outbreaks and related restrictions also limited our suppliers’ ability to continue to operate by limiting the abilities to obtain raw materials and inventory, which led to disruption in our supply chain, and also increased our fulfillment expenses.

Further, the recurrence of COVID-19 outbreaks in certain provinces of China due to the Delta and Omicron variants since December 2022 again resulted in the temporary closure of many corporate offices, hardware stores, manufacturing facilities and factories in the affected regions, which has adversely affected the procurement demand. As a result of the foregoing, we have experienced strains on product shipping and delivery activities.