We are a holding company incorporated in the Cayman Islands. All substantive business operations are conducted by our Hong Kong subsidiary, Cloud Data HK, which is an integrated internet infrastructure service provider.

As companies move ahead with digital transformation strategies, adopt cloud-based architectures, or expand reach across multiple regions around the globe, they are often required to manage servers, bandwidths, IP addresses, connectivity, and cloud access through multiple providers, each with distinct set of technical specifications and requirements. In addition, coordinating service provisioning and ongoing client communication across multiple parties and downstream users can further increase operational complexity and coordination burden as the business growth. We aim to address these challenges by serving as a centralized service provider and coordinator between enterprise customers, Internet Data Center (IDC) infrastructure providers, and cloud service providers.

Our business is structured across four operating segments: (i) IDC services, where we procure servers, IP addresses, and bandwidth from upstream suppliers and integrate these external resources into comprehensive service packages for which we assume primary responsibility for service delivery to enterprise customers; (ii) IDC connectivity services, where we support IDC infrastructure provider customers by facilitating their service delivery to downstream clients through contract processing management, downstream client relationship management, and standby technical support; (iii) cloud facilitation and support services, which relate to the consolidation and customization of cloud resources into integrated service solutions; and (iv) other services, which consist of standalone technical support services tailored to address diverse customer needs.

We operate under an asset-light model and do not own or operate any self-built data centers, servers, or proprietary cloud platforms as of the date of this prospectus. We purchase IDC capacity, network transmission services, and cloud resources from upstream suppliers, and provide customized solutions based on our customers’ demands. This business model allows us to achieve operational flexibility and reduce capital expenditures.

The Asia-Pacific region, particularly Southeast Asia and other developing markets, has emerged as the most dynamic area for IDC growth in recent years, driven by rising demand for scalable, high-performance digital infrastructure. Meanwhile, the global cloud services market has grown at a CAGR of approximately 24.0% from 2020 to 2024, becoming a critical enabler of digital transformation across sectors. For the fiscal years ended March 31, 2024, and March 31, 2025, our customers primarily included technology companies based in Hong Kong and Canada. Looking ahead, we plan to selectively expand into international markets and pursue strategic partnerships within the IDC and cloud service supply chains. We believe the structural growth of the Hong Kong market, together with global momentum in digital infrastructure and cloud services, will support our long-term development.