Press release·08/15/2026 07:12:35

Overview

The company was incorporated in Delaware in 2019 and is a travel service provider that offers carpooling, airport pick-up and drop-off, and personal driver services for travelers between Guangdong Province and Hong Kong. The company collaborates with car fleet companies and charges a service fee by matching travelers with drivers. In December 2019, the company launched its “Let’s Go” mobile application to provide multi-language services to international travelers visiting China. The company aims to become a one-stop travel booking resource for travelers by expanding its service offerings.

Plan of Operations

The company started its R&D project for the “Let’s Go” mobile app in January 2019, with the goal of providing one-stop travel services to foreigners traveling in China. The app was rolled out in phases throughout 2019, with the final version launched in January 2020 featuring a multi-language interface to attract users from around the world.

The company’s goal is to grow into an international player in the travel service market. To achieve this, the company plans to cooperate with other businesses that have capital, marketing, and technology resources or products. The company also expects to recruit more workforce and talent to develop new technologies and products.

Results of Operations

Revenue:

• For the three months ended June 30, 2026, revenue decreased by $13,110 compared to the same period in 2025, primarily due to softened customer demand for car transportation services.
• For the six months ended June 30, 2026, revenue decreased by $19,639 compared to the same period in 2025, also due to softened customer demand.

Cost of Revenue:

• For the three months ended June 30, 2026, cost of revenue remained stable compared to the same period in 2025.
• For the six months ended June 30, 2026, cost of revenue decreased by $12,240 compared to the same period in 2025, mainly due to a reduction in order volume and a decline in the number of vehicles used to provide services.

Gross Profit:

• For the three months ended June 30, 2026, gross profit decreased to $3,440 with a gross margin of 10.9%, compared to $16,497 and 37.0% in the same period in 2025. This was due to a catch-up accrual of costs belonging to the prior quarter.
• For the six months ended June 30, 2026, gross profit was $20,719 with a gross margin of 37.5%, compared to $28,118 and 37.6% in the same period in 2025, remaining relatively stable.

Operating Expenses:

• For the three months ended June 30, 2026, operating expenses remained unchanged compared to the same period in 2025.
• For the six months ended June 30, 2026, operating expenses increased by $12,858 compared to the same period in 2025, mainly due to an increase in service fees accrued and other consulting services not yet paid.

Liquidity and Capital Resources

The company has suffered recurring losses from operations and had an accumulated deficit of $1,243,161 as of June 30, 2026. The company had a cash balance of $9,841 and negative working capital of $1,072,982 as of June 30, 2026. The company incurred losses of $108,238 for the six months ended June 30, 2026.

The company’s financial statements have been prepared assuming it will continue as a going concern; however, the above conditions raise substantial doubt about its ability to do so. The company’s management is actively engaged in seeking additional capital to fund its operations in the short to medium term.

Net cash used in operating activities for the six months ended June 30, 2026, was $61,073, compared to $51,895 in the same period of 2025. Net cash provided by financing activities for the six months ended June 30, 2026, was $67,991, compared to $88,946 in the same period of 2025, primarily from shareholders paying certain expenses on behalf of the company.

Critical Accounting Policies

The company’s financial statements are prepared in accordance with accounting principles generally accepted in the United States. The company continually evaluates its estimates, including those related to bad debts, the useful life of property and equipment and intangible assets, and the valuation of equity transactions. These estimates are based on historical experience and various other assumptions that the company believes to be reasonable under the circumstances.

Off-Balance Sheet Arrangements

As of June 30, 2026, the company did not have any off-balance sheet arrangements.