MaxsMaking (MAMK) Registration Filing summary

Company overview and business model

• Manufactures customized consumer goods (bags, aprons, pillows, flags, etc.) with a focus on advanced technology and innovation.

• Operates primarily in China through subsidiaries, with headquarters in Shanghai and manufacturing in Yiwu and Zhumadian.

• Serves SMEs, e-commerce sellers, enterprises, schools, and organizations needing small-batch customized products.

• Utilizes proprietary ERP, EMS, and CRM systems to enhance production efficiency and quality.

• Strategic goal is to become a leading global supplier in B2B and C2M textile customization.

Financial performance and metrics

• Revenue for the fiscal year ended October 31, 2023: $26.26 million, down 6.76% from $28.16 million in 2022.

• Net income for fiscal 2023: $1.98 million, a 22.51% decrease from $2.55 million in 2022.

• Gross profit margin for fiscal 2023: 16.04% (2022: 16.49%).

• For the six months ended April 30, 2024: revenue $9.73 million, net income $0.98 million.

• As of April 30, 2024: cash $0.23 million, working capital $5.89 million, short-term loans $3.64 million.

Use of proceeds and capital allocation

• Estimated net proceeds of $8.19 million at $4.50/share IPO price.

• 45% for production facility construction and equipment upgrades, 20% for strategic investments/acquisitions, 15% for new hires, 12% for marketing, 8% for R&D.

• Proceeds to be transferred to PRC subsidiaries via capital contributions or loans, subject to PRC regulatory approvals.