Airwa Inc's Business Segments

Connexa Sports Technologies Inc. acquired a 70% stake in Yuanyu Enterprise Management Co., Limited (YYEM), a Hong Kong-based company operating in the love and marriage market sector. YYEM is Connexa's sole operating subsidiary and focuses on developing and licensing advanced matchmaking technology. The company holds six metaverse-related technologies and five AI matchmaking patents, enabling access to Augmented Reality (AR) and eXtended Reality (XR) to enhance online matchmaking. Its AI technology integrates with major AI models, including Huawei Pangu, Baidu 6 Wenxinyiyan, Alibaba Tongyi, and Tencent Hunyuan, to analyze Big Data for subscriber profiling and matchmaking. Connexa's revenue model is based on licensing fees from partners using its AI-powered matchmaking platform, which is customizable to local cultural norms and preferences. Key features of the platform include AI-driven matching algorithms, metaverse capabilities, customizable safety features, engagement tools, flexible monetization options, and analytics. The company plans to invest in research and development, support partners with technical integration and marketing, and enable partners to create localized matchmaking experiences. Following the acquisition, the legacy business related to "Slinger Bag" products was sold to J&M Sports LLC, and Connexa's directors and officers resigned.

The Company operates as a single reportable segment. The chief executive officer serves as the chief operating decision maker and evaluates performance based on total revenue, expenses, cash flows, and progress in ongoing development efforts. All of the Company's long-lived assets are located in Hong Kong. Revenue is reported by geographical location in accordance with applicable standards.