Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 55

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 4
Chunk 55
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Item 4. Information on the Company

  History and Development of the Company  
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Newegg Commerce, Inc. (previously known as “ Lianluo
Smart Limited”) was incorporated as an international business company under the International Business Companies Act, 1984, in the
British Virgin Islands on July 22, 2003. The Company’s principal executive office is located at 21688 Gateway Center Drive, Suite
300, Diamond Bar, CA 91765 and its telephone number is (626) 271-9700, and its website address is www. Newegg. com. The address of the Company’s
registered agent is Vistra License Holdings (BVI) Limited, Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110,
British Virgin Islands. The SEC maintains an internet site that contains reports, proxy information, and other information regarding issuers
that file electronically with the SEC at www. sec. gov.

We are a leading technology-focused e-commerce
company in North America. Since 2005, we have recognized GMV of approximately $44 billion and have processed over 198 million orders.
In 2024, 2.1 million buyers purchased over 302,000 items from us, making us one of the largest e-commerce businesses in the United States.
In 2024, we offered more than 4 million SKUs for sale on our platform, representing over 27,000 brands in the IT, consumer electronics
and other related categories. We offer brands and sellers a wide range of options to sell through our platform, as well as services that
we offer to help make their online businesses more efficient and effective. Our Direct offering allows brands to sell directly to us and
we manage the inventory and transaction directly with our consumers. Our Marketplace offering allows brands to leverage our platform,
buyer audience and e-commerce solutions in order to generate sales on the Newegg platform.

Share Combination

On April 7, 2025, the Company effected a share
combination of the Company’s outstanding common shares, par value $0.021848 per share, at a ratio of twenty-to-one (the “ Share
Combination”). The common shares listed on The Nasdaq Capital Market commenced trading on The Nasdaq Capital Market on a post-Share
Combination adjusted basis at the open of business on April 7, 2025. As a result of the Share Combination, the number