JIADE Ltd (NASDAQ: JDZG)

Jiade Zhigao is an exempted company with limited liability incorporated in the Cayman Islands and not a Chinese operating company. As a holding company with no material operations of its own, it conducts all of its operations primarily through its PRC subsidiaries. These subsidiaries provide one-stop comprehensive education supporting services to adult education institutions through a wide spectrum of software platform and auxiliary solutions, aiming to meet the evolving needs of customers in the rapidly changing adult education industry.

Jiade Zhigao generates revenue primarily from service fees charged to adult education institutions for its one-stop comprehensive education supporting services, which include software platform usage and auxiliary solutions such as enrollment consulting, exam administration, and tutoring. Fees are typically based on the number of students served and the type of service, ranging from RMB300 to RMB800 per person per year. Additionally, its subsidiaries Kunyuan and Jiazhi earn training fees for safety technology programs, charging approximately RMB1,000 per person for initial training and RMB300 for refresher or certification renewal. Kebiao Technology also derives income from online course sales and the sale of customized equipment used in safety training.

Jiade Zhigao operates in a competitive and rapidly evolving adult education supporting service industry in the PRC, where numerous new entrants vie for market share alongside a few established leaders. The company differentiates itself through its comprehensive software platform that covers the entire teaching cycle, its proprietary technology backed by 40 software copyrights and recognition as a High and New Technology Enterprise, and its alignment with favorable governmental policies that promote adult education and vocational training. These strengths enable it to meet diverse customer needs and maintain a competitive edge despite the presence of rivals with longer histories or greater resources.

Jiade Zhigao's customers are primarily adult educational institutions in the PRC, including those offering programs for the National Unified Examination for College Admissions for Adults, the Open University of China, and self‑taught higher education examinations. Specific major customers have included Chengdu Jinjiang New Vision Training School, New Vision Huoda (Chengdu) Educational Technology Co., Ltd., Sichuan Action Education & Technology Co., Ltd., and Sichuan Cultural Investment Digital Culture Industry Co., Ltd., which together have accounted for significant portions of the company's revenue in recent years.