Company: NCL
Filing Date: 2025-11-14
Form Type: 424B3
Source: 0001575872-25-000688
Chunk: 12

Company: Northann Corp.
Filing Date: 2025-11-14
Form: 424B3
Chunk 12
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 the fiscal year ended December 31, 2024, 99.6% of our revenue came from customers in the United States and nil% came from customers in Canada. During the fiscal year ended December 31, 2023, 98.2% of our revenue came from customers in the United States and 1.3% came from customers in Canada. During the six months ended June 30, 2025and the fiscal years ended December 31, 2024 and 2023, less than 1% of our revenue came from customers in Europe and less than 1% of the revenue came from customers in other regions.

| 1 | Additive Manufacturing Building the Future Spotlight (energy.gov), by U.S. Department of Energy, 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