12 On the 15th of the month, "Zhenkunxing," a direct-investment company backed by Yuanhe BingSheng, the fund managed by Yuanhe Chencun, was listed on the New York Stock Exchange under the ticker symbol ZKH.

Founded in 1996, Zhenkunxing officially rebranded as "Zhenkunxing Industrial Products Supermarket" in 2014, marking the launch of its industrial e-commerce business. Today, it stands as a leading, one-stop MRO procurement and management service platform in China, offering businesses an integrated digital supply-chain solution that combines an online trading platform, cutting-edge digital services, and intelligent delivery capabilities.

Zhengkunxing Industrial Supermarket specializes in industrial supplies such as auxiliary materials, consumables, general-purpose equipment, and spare parts. Currently, the company operates 32 leading production lines and boasts over 17 million SKUs, maintaining long-term partnerships with more than 100,000 advanced manufacturing clients. Zhengkunxing has established 32 national distribution centers and 96 service-center warehouses, actively building a nationwide delivery network that ensures efficient "last-mile" logistics coverage across the country.

Driven by digital transformation and guided by customer success, Zhenkunxing upholds the mission of "Greater Transparency, Higher Efficiency, and a Better Future for Business," while embracing a collaborative philosophy of "Openness and Sharing." We are committed to realizing our ambitious vision: "To become the global industrial supplies service enterprise that delivers the highest value to our customers."

According to the prospectus, Zhenkunxing will primarily use the funds raised this time to expand its business, enhance supply chain capabilities, and support strategic development. About 30% of the funds will be used to further expand the business, especially to continue developing the Xingjia Selected product line; about 30% will be used to strengthen supply chain capabilities and further improve fulfillment efficiency; about 30% will be allocated to potential strategic investments and acquisitions; the remaining portion will be used for general corporate purposes, including working capital needs, investment in research and development to continue building infrastructure and improving digital services, as well as expanding into overseas markets.