Delixy Holdings Limited's

The company operates in a competitive market alongside various international and local service providers. Competitors may possess advantages such as longer operating histories, larger customer bases, lower operating costs, established supplier and customer relationships, greater brand recognition, and more extensive financial, research and development, marketing, and distribution resources. New entrants may introduce innovative business models or service offerings, potentially disrupting the market and challenging the company's market position. Increased competition could result in pricing pressures, reduced revenue and profitability, or loss of market share, which may materially affect the company's business, financial condition, and results of operations.