Intchains Group (ICG) Registration Filing summary

Company overview and business model

• Provides integrated solutions with high-performance computing ASIC chip-based products and holds Ethereum-based cryptocurrencies as long-term assets.

• Operates a fabless business model, focusing on IC design and supply chain management with a leading foundry partner.

• Products include ASIC chips, computing equipment, and ancillary software/hardware for the blockchain industry.

• Built a proprietary technology platform, “Xihe,” enabling efficient and scalable ASIC chip development.

• Operations are conducted through PRC subsidiaries; the holding company is incorporated in the Cayman Islands.

Financial performance and metrics

• Incurred net losses from operating activities in 2023 and may not achieve or sustain profitability.

• All revenue is generated from sales to customers in the PRC.

• No dividends have been declared or paid since inception, and there are no plans to pay dividends in the foreseeable future.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for working capital, potential strategic investments and acquisitions, and general corporate purposes.

• Management has broad discretion over allocation of proceeds; no specific investments or acquisitions identified.

• Will not receive proceeds from securities sold by selling security holders.