Ezagoo Limited is a China-based company focused on advertising and e-commerce in the medical beauty and anti-aging sectors, which has recently faced operational changes due to market competition.

# Ezagoo Limited Overview

**Corporate Information:**
- **Incorporation:** Ezagoo Limited was incorporated in the State of Nevada on May 9, 2018.
- **Headquarters:** Rm 205, 2/F, Building 17, Yard 1, Li Ze Road, Feng Tai District, Beijing 100073, China.
- **Employees:** As of December 31, 2024, the company has 28 employees, including:
  - President: Xiaohao Tan
  - Chief Financial Officer: Yibo Li

**Business Operations:**
- **Primary Income Sources:**
  - Advertising services on the now-defunct Xindian application platform (operational from October 2020 to April 2023).
  - E-commerce trading of goods on the ZCZX WeChat Application (operational since September 2022).
  - E-commerce value-added services on the LSM WeChat Application (operational since November 2022; however, commission income from this service ceased in March 2023 due to product line updates).
  
- **Market Focus:** The company focuses on medical beauty and anti-aging segments, intending to expand its reach within the health and beauty sectors in China.

**Financial Performance:**
- **Revenue:**
  - Total revenue for the fiscal year ended December 31, 2024: **$125,195.**
  - Total revenue for the fiscal year ended December 31, 2023: **$166,396.**
  
- **Income:**
  - Commission income from ZCZX and LSM WeChat Applications:
    - 2024: **$6,127.**
    - 2023: **$47,094.**

- **Net Loss:**
  - Net loss for the fiscal year ended December 31, 2024: **$585,330.**
  - Net loss for the fiscal year ended December 31, 2023: **$907,126.**

**Customer Base:**
- The company has approximately **10,840 registered users** on its platforms as of the report date.

**Licensing and Regulations:**
- The company is subject to laws and regulations directly related to its operations in China, including advertising, e-commerce, and data security regulations.

**Current Developments:**
- Due to high competition from platforms such as TikTok and the operational challenges posed by the COVID-19 pandemic, the company ceased the operations of its Xindian Application effective from April 2023 and has shifted focus to the ZCZX WeChat application. 

**Conclusion:**
Ezagoo Limited has navigated a challenging market environment while focusing on digital advertising and e-commerce related to health and beauty products. As of the latest fiscal year reporting, the company maintains a small but dedicated employee base and an emerging customer platform, though it has experienced fluctuations in revenue and incurred significant losses.

Ezagoo Limited is a digital advertising and e-commerce company based in Nevada, focusing on the health and beauty sectors within the Chinese market.

## Company Overview of Ezagoo Limited

**Incorporation:**  
Ezagoo Limited is a Nevada corporation incorporated on May 9, 2018.

**Business Operations:**  
Ezagoo Limited operates primarily through its subsidiary, Beijing Ezagoo Zhicheng Internet Technology Limited (BEZL). The company focuses on several revenue-generating activities related to digital advertising and e-commerce, particularly within the Chinese market.

### Revenue Streams
1. **Advertising Income:**
   - **Platform:** Xindian Application
   - **Launch:** October 2020
   - **Revenue Generation Period:** January 2022 to April 2023
   - **Services:** Provides self-service advertising on the Xindian mobile application aimed at short video creation and display, primarily in the medical beauty and anti-aging sectors.

2. **Trading Income:**
   - **Platform:** ZCZX WeChat Application
   - **Launch:** September 2022
   - **Revenue Generation:** E-commerce trading of health and beauty products, facilitated through Weimob (微盟集团).
  
3. **Commission Income:**
   - **Platform:** LSM WeChat Application
   - **Launch:** November 2022
   - **Revenue Generation Period:** Generated from November 2022 until March 2023, with a planned relaunch in January 2024.

### Key Metrics
- **Employees:** As of December 31, 2023, the company employed 28 full-time staff, with leadership roles filled by President Xiaohao Tan and CFO Yibo Li.
- **Total Revenue:** Specific revenue figures are not provided in the document, but the revenue streams include advertisement income and trading commissions from e-commerce sales.

### Customer Base
- **Xindian Platform:** Planned expansion to increase user engagement after encountering market competition and a decision to cease operations in April 2023.
- **WeChat Applications:** Currently, the total customer user count for the WeChat applications is approximately **10,840** users.

### Future Strategy
- The company aims to optimize its marketing strategies through webinars and social media campaigns targeting small to mid-size companies.
- **Growth Target:** Plans to expand operations throughout **300 cities** in Mainland China over the next **3 to 5 years**, seeking to engage more than **500 million users** on their platforms.

### Current Challenges
- The company has faced high market competition from established players (e.g., TikTok, RED) and challenges attributed to the pandemic, necessitating a shift in strategy and revenue focus.

### Summary
Ezagoo Limited has transitioned from traditional advertising methods to digital platforms and e-commerce, diversifying its income streams and focusing on health and beauty markets. The company has a modest employee count with future ambitions to grow significantly within China's emerging health food and beauty sectors.

Ezagoo Ltd

10-K / May 15, 2025

10-K / April 8, 2024

10-K / May 15, 2025

Ezagoo Limited Overview