Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 372

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 372
---
 and travel insurance along with discounts through a travel and auto club. All sales generating assets were sold on September 11, 2020. During the year ended December 31, 2022, the Company had no revenue and was an acquisition target. On March 6, 2023, the Company announced it had acquired, effective March 3, 2023, five operating subsidiaries from the Btab Group, a private entity, and issued certain shares of its stock as consideration for the purchase of the operating subsidiaries. Btab Group became the controlling shareholder of the Company concurrently with the closing of the acquisition. The Company changed its name on June 5, 2023 to Btab Ecommerce Group, Inc. (“BEG”) and began trading under the BBTT trading symbol on June 5, 2023. ASA is now the parent and holding company in the consolidated group and has no operations that generate revenues.

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TABLE OF CONTENTS

#### Third-Party Providers
Btab regularly collaborates in the ordinary course of business with third-party providers to support its business operations. These partnerships include:

1.

Product Suppliers: External manufacturers and wholesalers that provide finished goods or raw materials for resale across Btab’s operational segments.

2.

Logistics Providers: Btab partners with global and regional logistics firms for fulfillment services, including storage, shipping, and returns. These providers ensure seamless order fulfillment and enhanced customer satisfaction.

3.

Technology Vendors: Third-party technology partners provide additional tools for integrating payment gateways, analytics, and data management.

4.

E-Commerce Marketplaces: Established platforms such as Amazon and eBay are leveraged to enhance market visibility and product distribution.

5.

Marketing and Advertising Partners: Partnerships with social media platforms and advertising networks enable targeted campaigns and broader market outreach.

### Our Reportable Business Segments
We diversify our business by geography, historically operating in both Hong Kong and Australia. However, during fiscal year 2024, our geographic concentration shifted primarily to Australia, as Hong Kong revenues declined due to a strategic reduction in investment and focus on new international markets. While we continue to maintain an active presence in Hong Kong, the segment contributed approximately 8% of total revenues in 2024, down from 41% in 2023.

Our business is organized into four reportable segments:

#### I.

#### Australia-Owned Manufactured Furniture
Our Australia-Owned Manufactured Furniture segment represented approximately 42% and 71% of our net revenues for the fiscal