Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 459

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1
Chunk 459
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Business
Overview

Ezagoo
Limited, a Nevada corporation (“the Company”) was incorporated under the laws of the State of Nevada on May 9, 2018.

Beijing
Ezagoo Zhicheng Internet Technology Limited (“BEZL”) is the Company through which we operate, and which generates revenue
from providing advertising services on Xindian application platform, that is developed and operates by the Company (“advertisement
income”) since January 2022 to April 2023, providing e-commerce trading of goods and products on ZCZX WeChat Application that is
subscribed from Weimob (微盟集团, HK02013) (“trading income”) since September 2022, and providing
e-commerce value-added service in LSM WeChat Application which is also subscribed from Weimob (微盟集团, HK02013)
(“commission income” since November 2022 (however, the Company only generated the commission income till March 2023 now,
as the Customer is updating they’re products line since April 2023 and they have been launch their new products in January 2024).

The
Xindian platform operates within the Chinese digital advertising network through advertisements displayed on the mobile application named
“Xindian” that was launched by the Company on October 2020, it’s relying on strong R&D background to build a technology
based on block chain, fusion merchants and user needs in the integration of social short video platform, that provides many functions,
such as self-service advertising, sharing and creating short video, making money in space time, selling goods online and shopping, social
networking. We focus on medical beauty and anti-aging scale that differentiate us from another short video platform. We’re planned
to expand our brand to attract more potential users and customers as we met the bottleneck when we transformed the traditional bus advertising
to our Xindian platform since January 1, 2022 (as the Changsha government decided to merger and control all the local bus themselves
that effected on December 28, 2021), and we’re aimed to build an innovative service platform for industrial clusters. However,
due to the high-level market competitive (Tiktok, RED etc.), the effect of the Covid-19, and the unsatisfactory operating data’s,
the Company decided to shut down the operation of Xindian Application effective from April 2023.

Under
the repeated impact of the three years COVID-19 epidemic,