Park Ha Biological Technology Co., Ltd.

Park Ha develops and sells skincare products, primarily through its private label brand "Park Ha," which focuses on solutions for problematic skin. The company was established in 2016, with its first store opening in 2017. Park Ha operates through direct sales of skincare products and franchise alliances promotions. As of October 31, 2025, the company had five stores directly operated by Park Ha Jiangsu. Additionally, as of October 31, 2025, 2024, and 2023, the company had 22, 45, and 38 franchisees in China, respectively. Of these, 22, 43, and 36 franchisees operated under the "Park Ha" store name as of the same dates. As of October 31, 2025, 2024, and 2023, 0, 2, and 2 franchisees operated under the "Geni" brand name. Park Ha's PRC subsidiaries specialize in providing skincare and cosmetic products under the "Park Ha" brand in China. These subsidiaries develop proprietary beauty products and offer complimentary after-sales beauty services in physical stores. Park Ha Jiangsu operates seven physical stores and serves as the research and development center for skincare products, focusing on sensitive skin. Xinzhan manages marketing, promotions, and the franchising business. Park Ha Jiangsu also provides training to franchisee staff. Both directly-operated stores and franchisees offer a "light beauty experience," a quick complimentary after-sales beauty service, to demonstrate product usage. The company's revenues primarily come from product sales and franchise fees. As of October 31, 2025, the 22 franchisees are located in Jiangsu Province (16), Shandong Province (2), Liaoning Province (1), Shanxi Province (1), Heilongjiang Province (1), and Hebei Province (1).