Note: Soffto Inc. changed the listing venue for its IPO to the OTCQX from the NASDAQ in its F-1/A filing dated July 2, 2025. IPOScoop does NOT cover IPOs listed on the OTC. This notice is a courtesy to our subscribers. (Incorporated in the Cayman Islands)

Note: Soffto Inc. originally filed its IPO plans in January 2025 as a proposed NASDAQ listing – 3.0 million shares at $4.00 to $6.00 to raise $15 million – and updated that plan in March 2025. On July 2, 2025, Soffto updated its IPO plans in an F-1/A filing that changed the listing venue to the OTCQX from the NASDAQ and stated no number of shares but set an assumed IPO price of $5.00 per share. The estimated IPO proceeds of $15 million are based on the terms of the previous NASDAQ listing plans – and that figure is only a placeholder figure.

From the prospectus:

This is the initial public offering of the ordinary shares of Softto, Inc., par value $0.0001 per share (“Ordinary Shares”). We are offering on a firm commitment basis [       ] ordinary shares. We expect the initial public offering price of the shares to be $5 per Ordinary Share. Prior to the completion of this offering, there has been no public market for our Ordinary Shares. We have applied to have our Ordinary Shares listed on the OTCQX Market (“OTCQX”). We will reserve the trading symbol [       ] for listing on the OTCQX.

We, through Softto Smart, are engaged in the business of personal care and beauty products, including cleansing, skincare, shampoo and oral care products. We adhere to the goal of being a leader in the Chinese personal care products industry. Softto brand started in 1988 and we have been carrying forward our product development philosophy as “Our product and its quality speak for itself”. We keep up with the development and change of trends in personal care products industry in China and pursue constant improvements of our products. We develop and sell every type and model of our products with high standards to meet market and consumer demands, and to provide quality body skin care brand products for our customers. We do not manufacture our products ourselves; instead, we contract third party OEM manufacturers to produce our products for us. We have entered into OEM agreements with Guangzhou Kouyan Cosmetics Co., Ltd. (“Kouyan”) and Guangzhou Jiugong Yanhua Biotechnology Co., Ltd. (“Jiugong”), our two largest OEM manufacturers/suppliers.

Yuhao Liang, our Chief Executive Officer and Chairman of the Board, received his bachelor’s degree in economics at Portland State University in 2018. He is the son of our founder Mr. Guojian Liang who created Softto brand in 1988 in China.