Company: NCL
Filing Date: 2025-09-26
Form Type: S-1
Source: 0001575872-25-000602
Chunk: 29

Company: Northann Corp.
Filing Date: 2025-09-26
Form: S-1
Chunk 29
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 laws or administrative regulations. As advised by our PRC counsel, Grandall Law Firm, the Provisions on Private Lending Cases does not prohibit using cash generated from one subsidiary to fund another subsidiary’s operations. We have not been notified of any other restriction which could limit our PRC subsidiaries’ ability to transfer cash between subsidiaries. See “Regulation – Regulations Relating to Private Lending.”

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In addition, management monitors the cash position of each entity within our organization regularly and prepare budgets on a monthly basis to ensure each entity has the necessary funds to fulfil its obligation for the foreseeable future and to ensure adequate liquidity. In the event that there is 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 six months ended June 30, 2025 and the fiscal years ended December 31, 2024 and 2023 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