Lakeside Holding Ltd (NASDAQ: LSH)

Lakeside Holding Ltd is a U S based integrated cross border supply chain solution provider with a strategic focus on the Asian market including China and South Korea. The company provides customized ocean freight and airfreight solutions that cater to customers needs for transporting goods into the United States. In addition to its core logistics services Lakeside Holding Ltd operates a pharmaceutical distribution segment through its subsidiary Hupan Pharmaceutical which is headquartered in Wuhan China. Founded in Chicago Illinois in 2018 the company is an Asian American owned business rooted in the United States.

Revenue is generated from fees charged for ocean freight consolidation and forwarding services airfreight consolidation and forwarding services customs clearance warehousing and distribution services United States domestic ground transportation and pharmaceutical distribution. The company serves logistics service providers e commerce platforms social commerce platforms manufacturers and pharmaceutical manufacturers. Fees are based on volume weight distance and value of shipments handled.

The company operates through the following two business segments Integrated Cross Border Supply Chain Solutions and Pharmaceutical Distribution.

• Integrated Cross Border Supply Chain Solutions: provides ocean freight consolidation and forwarding airfreight consolidation and forwarding customs clearance warehousing and distribution and United States domestic ground transportation services to move goods from Asia into the United States.

• Pharmaceutical Distribution: sources purchases and distributes infusion fluids and other pharmaceutical products for manufacturers in China leveraging Hupan Pharmaceuticals license and network to deliver products to end customers.

Lakeside Holding Ltd holds a niche position in the fragmented market for integrated cross border supply chain solutions competing on service quality customer relationships technology infrastructure and carrier network. The company differentiates itself through its proprietary American Bear Logistics Data Tool Management Platform its extensive warehousing capacity in Illinois and Texas and its deep understanding of Asian trade practices. Key competitors include other NVOCCs freight forwarders and 3PL providers that also focus on the Asia United States trade lane but Lakeside Holding Ltd benefits from its Asian American ownership and long standing relationships with global ocean and air carriers.

The company serves a diverse customer base that includes Asia based and United States based logistics companies that support e commerce platforms social commerce platforms and manufacturers moving consumer and industrial goods into the United States. In the pharmaceutical segment the company works with Chinese pharmaceutical manufacturers and distributes products to hospitals clinics and retail pharmacies within China. No specific customer names are disclosed in the filing.