Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 398

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 398
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 market is known for its demand for quality and design. The grocery and food segment in Hong Kong benefits from a dynamic market with a high demand for diverse food products. Our technology and e-commerce services are poised to tap into the growing online retail market, leveraging digital marketing and social media.

We anticipate sustained growth across all segments. Our focus will be on:

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Expanding our product offerings and market reach.

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Enhancing our supply chain and e-commerce capabilities.

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Leveraging our technology investments to boost sales.

### Business Segment Information
Our business currently operates through two geographic regions (Australian and Hong Kong) encompassing four reportable segments: Australia-owned manufactured furniture, Australia third-party produced furniture and home goods, Hong Kong food products and other (technology and e-commerce services).

Australia-Owned Manufactured Furniture — This segment involves the manufacturing of furniture within Australia. We leverage our expertise in high-quality furniture production to meet local demand, operating primarily in Australia. Australia-Owned Manufactured Furniture represented approximately 75% and 74% of Btab’s consolidated revenue for the quarters ended June 30, 2025, and June 30, 2024, respectively. For the six months ended June 30, 2025, and June 30, 2024, Australia-Owned Manufactured Furniture accounted for approximately 72% and 68% of Btab’s consolidated revenue, respectively.

Australia Third-Party Produced Furniture and Home Goods — This segment focuses on furniture and home goods produced by third parties in the Australian market. It caters to a diverse market seeking a variety of home furnishings and decor. Australia Third-Party Produced Furniture and Home Goods represented approximately 25% and 22% of Btab’s consolidated revenue for the quarters ended June 30, 2025,

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and June 30, 2024, respectively. For the six months ended June 30, 2025, and June 30, 2024, this segment accounted for approximately 28% and 18% of Btab’s consolidated revenue, respectively. Hong Kong Food Products — This segment is dedicated to the sale of packaged food products, capitalizing on our robust supply chain, reseller network, and market knowledge to serve the Hong Kong market effectively. Hong Kong Food Products represented approximately 0% and 4% of Btab’s revenue for the quarters ended June 30, 2025, and June 30, 2024, respectively. For the six months