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(Incorporated in the Cayman Islands)
We are a holding company. We conduct our business operations through our operating entity, which went into business in 2019. We are principally engaged in providing a family of social and entertainment-focused mobile applications, or apps, that are designed to facilitate app users’ engagement with a global community, promote communication across languages and cultures, and foster the establishment of meaningful relationships.
Our Company, through the Operating Entity, aims to become a leading provider of social networking and interactive entertainment platforms. Through the Operating Entity, we provide, operate, and maintain a family of social and entertainment-focused apps, which include, but are not limited to, LivChat, BunchatLite, PeachU, Meeya, Meeya Lite, Jogan Pro, MeetClub, BakBak, UpChat, HoldU Pro, Timo, and RealCall.
We currently generate revenue from three revenue streams—advertising revenue, user recharge revenue, and other revenue. Advertising revenue is generated from third parties who pay to advertise on the Operating Entity’s app. User recharge revenue is generated from app users who pay for the function of online chat or add-ons to access premium features in connection with their app usage. Other revenue is generated from third parties who engage the Operating Entity for app interface and graphic design services on a project-by-project basis, which revenue has accounted for a relatively small percentage of the total revenue in each fiscal year reported in this prospectus.
For the fiscal year ended February 28, 2025, the total number of users was about 5,350,174 – up from the previous fiscal year, which ended February 29, 2024, when the total number of users was 4,648,696.
Note: Net income and revenue are in U.S. dollars for the fiscal year that ended on Feb. 28, 2025.
(Note: EvoNexus Group Ltd. disclosed the terms for its small-cap IPO – 2 million shares at an assumed IPO price of $4.00 – to raise $8.0 million, according to its F-1 and F-1/A filings.)
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