EPWK Holdings EPWKF

EPWK Holdings Ltd. is a holding company with no independent business operations, conducting its activities in China through a variable interest entity structure centered on EPWK VIE and its subsidiaries. The company's primary business involves operating an online crowdsourcing platform that connects businesses seeking talent with service providers offering skills across multiple categories. This platform facilitates transactions in areas such as design, software development, marketing, business writing, interior decoration, life services, and business services, generating revenue through service fees tied to completed projects.

EPWK Holdings Ltd. generates revenue primarily through its VIE structure, where EPWK WFOE provides management and technical support services to EPWK VIE under contractual arrangements that entitle EPWK WFOE to a service fee equal to 100% of EPWK VIE's net income. The platform earns income by charging fees for successful matches between buyers and sellers, supported by ancillary services including escrow payments, electronic contract signing, intellectual property registration assistance, and business certification offerings. Revenue is derived from the platform's facilitation of gig economy transactions across its seven core service categories, with no direct product sales or standalone service lines reported.

The company operates through the following segments:

• EPWK VIE and Subsidiaries: This segment encompasses the core operating entities in China, including Xiamen EPWK Network Technology Co., Ltd. and its wholly-owned and controlled subsidiaries such as Xiamen Yipinweike Network Information Technology Co., Ltd., Xiamen Yipinkutai Investment Co., Ltd., Xiamen EPWK Zhibang Finance and Taxation Service Co., Ltd., and Qi Zhi (Beijing) Certification Co., Ltd. These entities collectively operate the EPWK. COM platform, which provides crowdsourcing services spanning design, software development, marketing, business writing, interior decoration, life services, and business services. The segment holds key intellectual property assets including 9 issued PRC patents, 11 registered trademarks, and 177 copyrights, supporting its service delivery and competitive positioning in the Chinese gig economy market.

EPWK Holdings Ltd. holds a niche position as one of only two comprehensive crowdsourcing platforms in China, competing primarily with Zhubajie in the domestic market for connecting businesses with freelance talent. Its competitive advantage stems from a large-scale user base exceeding 26.55 million registered users as of June 30, 2025, coupled with proprietary data analytics, AI-powered matching algorithms, and extensive intellectual property protections that enhance trust and transaction efficiency on its platform. The company's focus on verified escrow payments, electronic contract enforcement, and value-added services like IP registration and business certification differentiates it from generalist freelance marketplaces.

The company serves a diverse base of buyers and sellers primarily within China, with buyers ranging from small shops to medium-sized businesses across various industries seeking talent for projects such as logo design, software development, and marketing campaigns. Sellers include individual freelancers, student artists, professional designers, and small to medium-sized enterprises offering skills in creative, technical, and business domains. As of June 30, 2025, the platform had approximately 9.04 million registered buyers and 17.51 million registered sellers covering all 34 provinces of China, reflecting broad geographic and demographic reach within its target market.