Company: NCL
Filing Date: 2025-10-24
Form Type: S-1/A
Source: 0001575872-25-000638
Chunk: 14

Company: Northann Corp.
Filing Date: 2025-10-24
Form: S-1/A
Chunk 14
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, Office of Technology Transitions, original published in April 2019 and updated in July 2019, https://www.energy.gov/sites/default/files/2019/07/f64/2019-OTT-Additive-Manufacturing-Spotlight_0.pdf. |

| 2 | https://www.3printr.com/wohlers-report-2024-3d-printing-market-grew-by-11-1-percent-in-2023-1470305/ |

| 3 | https://www.3printr.com/wohlers-report-2024-3d-printing-market-grew-by-11-1-percent-in-2023-1470305/ |

| 3 |

Corporate History and Structure

We commenced operations in August 2013
with the establishment of NBS in Delaware.

In December 2013, NCP was established
in China. Most of our products are manufactured through NCP.

In March 2014, Benchwick was established
in Hong Kong. All of our wholesale and distribution operations are conducted through Benchwick.

In April 2014, Marco was established in
China. All the import/export of our products are conducted through Marco.

In February 2016, NDC was established
in California. NDC is a distribution center in the United States and maintains a small inventory for retail sales.

In September 2017, Ringold was established
in China. All of the raw materials are procured from third parties through Ringold.

In September 2018, Crazy Industry was
established in China. Crazy Industry is the research and development hub.

In June 2020, Dotfloor was established
in California. Dotfloor operates dotfloor.com, our online store that offers our vinyl flooring products to retail customers in the United
States.

In March 2022, Northann, our current ultimate
holding company, was incorporated in Nevada as part of the restructuring transactions in contemplation of our initial public offering.
In connection with its incorporation, in April 2022, we completed a share swap transaction and issued common stock and Series A Preferred
Stock of Northann to the then existing stockholders of NBS, based on their then respective equity interests held in NBS. NBS then became
our wholly-owned subsidiary.

In May 2022, Benchwick LLC was established
in Nevada. Benchwick LLC is a wholly-owned subsidiary that is engaged in the development, manufacturing, and distribution of 3D printing
technology