Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 148

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 10
Chunk 148
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ing Agents  
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Not applicable.

  Statement by Experts  
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Not applicable.

  Documents on Display  
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The SEC maintains an Internet site that contains
reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC, including the
Company, at http://www. sec. gov. The address of the SEC’s website is provided solely for information purposes and is not intended
to be an active link.

We also make our periodic reports as well as other
information filed with or furnished to the SEC available through our website, at www. Newegg. com, as soon as reasonably practicable after
those reports and other information are electronically filed with or furnished to the SEC. The information on our website is not incorporated
by reference in this document.

  Subsidiary information  
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Not applicable.

  Annual Report to Security Holders  
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Not applicable.

Item 11. Quantitative and Qualitative Disclosures
About Market Risk

We do not use financial instruments for speculative
trading purposes, and do not hold any derivative financial instruments that could expose us to significant market risk. Our primary market
risk exposures are changes in interest rates and foreign currency fluctuations.

Interest rate risk

Our main interest rate exposure relates to long-term
borrowings that we obtain from banks and financial institutions to meet our working capital expenditure requirements. We also have interest-bearing
assets, including cash and cash equivalents, restricted cash and loans to affiliates. We manage our interest rate exposure with a focus
on reducing our overall cost of debt and exposure to changes in interest rates. As of December 31, 2024 and 2023, we had outstanding long-term
borrowings in the aggregate amount of nil and $1.4 million, respectively, with the majority of our long-term borrowings having floating
interest rates.

We have not used derivative financial instruments
to hedge the interest rate risk. We have not been exposed to material risks due to changes in market interest rates. However, we cannot
provide assurance that we will not be exposed to material risks due to changes in market interest rates in the future.

Foreign currency risk

We have currency fluctuation exposure arising
from both sales and purchases denominated in foreign currencies. Significant changes in exchange rates between foreign currencies in which
we transact business and the U. S. dollar may