| Linkage Global Inc (LGCB): A Global Capital Strategy
Breakthrough for Cross-Border E-commerce
Linkage Global Inc successfully listed on the Nasdaq Capital Market on December 19, 2023, becoming a benchmark case for our support of enterprises going global and listing. With its headquarters in Japan and relying on operational entities in Hong Kong China and Mainland China, the company built an efficient cross-regional collaboration system, forming a dual-wheel drive business model centered on "cross-border sales" and "comprehensive e-commerce services."
During the listing process, we designed a capital-light overseas expansion structure for them, achieving the leap from local operation to the international capital market with a fundraising amount of only USD 6 million (issuing 1.5 million common shares).
Strategic Highlights and Dual-Headquarters Layout

Global Operation Architecture: With its headquarters in Japan serving as the hub, Transcend Global integrates resources across Southeast Asian markets and leverages the tax and trade facilitation advantages of its Hong Kong entity to optimize cross-border capital flows. Following its IPO, the company swiftly channeled the raised funds into technology R&D, supply chain integration, and market expansion in Southeast Asia, precisely aligning with the tariff reductions and trade facilitation policies under the RCEP (Regional Comprehensive Economic Partnership Agreement).

Flexible Listing Path: Through our full-process guidance, the company completed Nasdaq approval in a relatively short time using the "offshore entity + multi-location business synergy" model, demonstrating professional execution efficiency and cross-border coordination capabilities.
| Netclass technology Inc（NTCL）：Innovative Practice of Listing in the U.S. with a Dual-Headquarters Structure
NetClass Technology successfully listed on Nasdaq on December 13, 2024, becoming another milestone in our support for enterprises going global through the innovative dual-headquarters model. The company's post-listing market cap exceeded USD 100 million, with an issue price of USD 5 per share and a total fundraising of USD 9 million.
NetClass Technology used the funds for courseware development, global technology platform construction, and Southeast Asian market penetration. Its dual-headquarters model not only reduced cross-border compliance risks but also enhanced capital liquidity through Hong Kong's status as a financial hub.
Strategic Deepening and Architectural Details

Dual-Headquarters Implementation and Business Synergy: NetClass Technology established Shanghai and Hong Kong headquarters, while simultaneously expanding its Singapore subsidiary. The Shanghai headquarters leads SaaS subscription services and technology R&D, while the Hong Kong headquarters handles overseas market expansion, international capital connection, and technical services, forming an "internal-external linkage" operational system. By the time of listing, the company's overseas business revenue and profit already dominated, fully meeting Nasdaq's qualification requirements for international enterprises.

Listing Path Optimization: We assisted NetClass Technology in initiating the dual-headquarters structure in 2023, making its financial data and asset structure highlight "offshore entity" characteristics, efficiently passing SEC review. Additionally, the company adopted a differentiated voting rights structure (Class A/B shares), securing founder team control while attracting international investors.