Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 820

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 4
Chunk 820
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 statements that reflect our plans, estimates and beliefs. Our actual
results could differ materially from those discussed in the forward- looking statements. Factors that could cause or contribute to such
differences include, but are not limited to those discussed below and elsewhere in this Report. Our audited financial statements are
stated in U.S. Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.

Company
Overview

Ezagoo
Limited (“the Company” or “EZAGOO”), was incorporated in the State of Nevada on May 9, 2018. The Company’s
revenues were mainly generated from providing advertising services on the bus, and Xindian application that developed the Company (“advertisement
income”). 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). However, due to the high-level market competitive (Tiktok,
RED etc.), the effect of the Covid-19, and the unsatisfactory operating dates, the Company decided to shut down the operation of Xindian
Application effective from April 2023.

For
the year ended December 31, 2023, the Company’s revenue mainly from providing e-commerce trading of goods and products on ZCZX
WeChat Application that is subscribed from Weimob (微盟集团, HK02013) (“trading income”), and providing
e-commerce value-added service in LSM WeChat Application which is also subscribed from Weimob (微盟集团, HK02013)
(“commission income”, that the Company only generated income till March 2023 now, as the Customer is updating they’re
products line since April 2023 and they plan to launch their new products during January 2024).

Results
of Operations

For
the year ended December 31, 2024 compared with the year ended December 31, 2023

Revenue

    For
    the year ended December 31, 

    2024  
    2023 

    (Audited)  
    (Audited) 
  
    REVENUES 
    $   

    Trading
    income of e-commerce business 
     119,068  
     
    119