Biddance AI Systems, Inc.

We are an information technology ("IT") consulting and solutions service provider focused on delivering services to businesses across various industry sectors in China. As of the date of this annual report, we operate two lines of business. The first line provides services to small and medium businesses ("SMEs"), which includes Anti-Counterfeiting Tax Control System ("ACTCS") tax devices such as Golden Tax Disk ("GTD") and printers, ACTCS services, and IT services. The second line provides services to large businesses, consisting of hardware sales and software sales. Value added tax ("VAT") reporting is mandatory for all business companies in China. The ACTCS is one of two major VAT control systems businesses can choose to comply with VAT reporting requirements. Developed by the People's Republic of China government, ACTCS aims to eliminate counterfeit invoices and provide accurate tax information for regional and national audit systems. We provide customers with the necessary ACTCS for their VAT reporting, collection, and processing. Our VIE entity, HiTek, is authorized to sell GTD. We are authorized by the State Taxation Bureau, Xiamen Branch, as one of the first ACTCS service providers in the Xiamen metropolitan area. GTD is an ACTCS device required for the normal operation of ACTCS software, and its purchase is only allowed with the use of ACTCS software and supporting services. Currently, there are three ACTCS service providers for Xiamen business companies, and we are one of them.