Company: LHI
Filing Date: 2025-05-23
Form Type: F-1
Source: 0001213900-25-046955
Chunk: 143

Company: Living Homeopathy International Ltd.
Filing Date: 2025-05-23
Form: F-1
Chunk 143
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 Services provided
by Frost & Sullivan include market assessments, competitive benchmarking, and strategic and market planning for the relevant industries.Except for the FS Report, we did not commission any other industry report in connection with the Offering.

We have extracted certain information from the FS Report in this section,
as well as in the sections headed “Summary,” “Risk Factors,” “Business,” and elsewhere in this prospectus
to provide our potential investors with a more comprehensive presentation of the industries in which we operate and our market position
in China. Unless otherwise noted, all the information, data and forecasts contained in this section are derived from the FS Report. The estimated
total market size was obtained from historical data analysis plotted against macroeconomic data as well as considering the aforementioned
industry key drivers.

According to Frost & Sullivan, the FS Report was compiled by conducting detailed primary research which involved in-depth telephone and face-to-face interviews with industry participants, and secondary research which involved reviewing annual reports, industry publications and data based on its own research database. Its forecasting methodology integrates several forecasting techniques with its internal analytics of critical market elements investigated in connection with its market research work. These elements primarily include identification of market drivers and restraints and integration of expert opinions.

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According to Frost & Sullivan, Frost &
Sullivan has prepared the FS Report on several assumptions as follows:

| 1) | social, economic and political                                   
 environments are likely to remain stable in the forecast period; |

| 2) | related industry key drivers are likely         
 to drive the market in the forecast period; and |

| 3) | certain market environment assumptions, 
 including:                              |

| a. | Stable Competitive Structure:                                                                     
 The number and positions of key competitors in the market will remain relatively stable during    
 the study period, as it is very hard to build brand reputation in a short period. Homeopathy      
 heavily relies on consumer trust and brand reputation, as it is viewed as complementary medicine. 
 Customers tend to stick with brands they trust for their health needs, making it an entry         
 barrier for new entrants to quickly gain market share. Although different brands may offer        
 different homeopathic products, they rely on similar treatment principles. As a result, consumers 
 are more likely to choose based on brand and reputation rather than technological innovation      
 or product uniqueness. Thus, the competitive landscape in this market will be likely to be        
 stable in the long run.                                                                           |

| b. | Predictability of Technological                                                                 
 Changes: