Company: NCL
Filing Date: 2025-01-14
Form Type: S-1/A
Source: 0001575872-25-000059
Chunk: 27

Company: Northann Corp.
Filing Date: 2025-01-14
Form: S-1/A
Chunk 27
---
 a need for cash or a potential liquidity issue, it will be reported to the Chief Executive Officer and, subject to approval by the board of directors, we will enter into an intercompany loan for the subsidiary. During the nine months ended September 30, 2024 and the fiscal years ended December 31, 2023 and 2022 and as of the date of this prospectus, none of the subsidiaries has made any dividends or other distributions to the holding company. Funds and assets were transferred between the Company and the subsidiaries and among the subsidiaries for working capital purposes and during the ordinary course of business. Cash proceeds raised by the Company from financing activities, may be transferred to the subsidiaries in the United States, Mainland China and Hong Kong via capital contribution or shareholder loans, as the case may be. As of the date of this prospectus, the Company had not made any no dividends or distributions to U.S. investors and the Company does not plan to make any dividends or distributions in the future. See “Dividend Policy”. Competitive Advantages We believe that the following competitive advantages contribute to our success and differentiate us from our competitors:

| ● | Commitment to innovation, |

| ● | Limitless customization, |

| ● | Low labor and inventory costs, |

| ● | Rigorous quality control, |

| ● | Professionally recognized sustainable practices, |

| ● | Diversified market reach and |

| ● | Experienced management team. |

Growth Strategies We strive to improve our cost structure, provide high quality services and products, expand our product range and increase our market share by pursuing the following strategies:

| ● | Made in the United States, |

| ● | Vertical integration, and |

| ● | Expand Market Share |

Corporate Information Our principal executive office is located at 2251 Catawba River Rd, Fort Lawn, SC 29714. The telephone number of our principal executive offices is (916) 573 3803. Our registered agent in the United States is Vcorp Services, LLC, located at 701 S. Carson Street, Suite 200, Carson City, NV 89701.

| 10 |

Implications of Being a Smaller Reporting Company We qualify as an “smaller reporting company” as defined in Rule 405 of the Securities Act and Item 10 of Regulation S-K. A smaller reporting company may take advantage of specified reduced reporting and other burdens that are otherwise applicable generally to public companies. These provisions include:

| ● | the ability to include only two years of aud