Company: NCL
Filing Date: 2025-01-29
Form Type: S-1/A
Source: 0001575872-25-000097
Chunk: 14

Company: Northann Corp.
Filing Date: 2025-01-29
Form: S-1/A
Chunk 14
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% of our revenue came from customers in the United States and 1% came from customers in Canada. During the fiscal year ended December 31, 2023, 98.23% of our revenue came from customers in the United States and 1.28 % came from customers in Canada. During the fiscal year ended December 31, 2022, 85.50% of our revenue came from customers in the United States and 12.95% came from customers in Canada. During the nine months ended September 30, 2024 and the fiscal years ended December 31, 2023 and 2022, 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