Pop Culture Group Co Ltd's Comment on Supply Chain
For the fiscal year ended June 30, 2024, the PRC operating entities sourced 27.00% of their services from two major suppliers. In the fiscal year ended June 30, 2023, they obtained 40.08% of their services from three major suppliers. The PRC operating entities rely on relationships with these suppliers, local authorities, government agencies, third-party providers, and volunteers to support the operation of their Chinese Pop Culture events. These relationships facilitate services including police and security, traffic control, and assistance with approvals and permits. Any disruption or negative changes in these relationships could significantly impact their business, financial condition, and results of operations.
Pop Culture Group Co Ltd's Comment on Supply Chain
For the fiscal year ended June 30, 2024, the PRC operating entities sourced 27.00% of their services from two major suppliers. In the fiscal year ended June 30, 2023, they obtained 40.08% of their services from three major suppliers. The PRC operating entities rely on relationships with these suppliers, local authorities, government agencies, third-party providers, and volunteers to support the operation of their Chinese Pop Culture events. These relationships facilitate services including police and security, traffic control, and assistance with approvals and permits. Any disruption or negative changes in these relationships could significantly impact their business, financial condition, and results of operations.
Sources:
Pop Culture Group Co Ltd's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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