Raily Aesthetic Medicine International Holdings Limited (“the Company”, together with its subsidiaries, referred to as the “Group”) is a medical aesthetics service provider leading in Zhejiang Province, China. Main business of the Company is to provide clients with a wide range of medical aesthetics to meet the diverse beauty and anti-aging goals. We own and operate a network of four privately owned for-profit medical aesthetics institutions, of which, two are located in Zhejiang Province (Hangzhou and Ruian, Wenzhou), one in Anhui Province (Wuhu), and the other one in Hainan Province (Qionghai). The flagship store, namely Hangzhou Raily Aesthetics Medicine Hospital Co., Ltd. (“Hangzhou Raily”), is the largest flagship store, which was rated a level 5A medical aesthetics institution by the Chinese Association of Plastics and Aesthetics in 2019 and was again successfully rated a Level 5A medical aesthetics hospital in Dec 2023. Our medical aesthetic services primarily include (i) cosmetic surgery, including cosmetic surgical treatments that adjust multiple areas of the face or body; (ii) minimally invasive cosmetic services, mainly including cosmetic injection, which involve injecting a mixture or ratio of medications, or a single medication, into the skin to achieve skin rejuvenation or beautification; and (iii) skin rejuvenation, mainly including various energy-based cosmetic treatments and phototherapy treatment, which can improve issues such as dull skin tone, facial wrinkles, and sagging skin. We have highly qualified medical professionals, implement strict safety controls, provide an exceptional customer experience, and offer one-stop and customized services; besides, we provide medical aesthetic management consulting and are steadily expanding into the research, development, production, and sales of medical aesthetic devices, focusing on Class III medical aesthetic devices and medical aesthetic skincare products.