The company purchased electronic components from numerous overseas suppliers, totaling 698 in fiscal year 2025 (90.9% of 768 total suppliers), 589 in fiscal year 2024 (71.7% of 821 total suppliers), and 750 in fiscal year 2023 (89.7% of 836 total suppliers). These suppliers include authorized overseas distributors and certain manufacturers based in China. The company depends on these suppliers to procure electronic components under acceptable terms to maintain competitive pricing. Factors such as rising shipping and labor costs, foreign and PRC regulatory restrictions, trade disputes, tariffs, and currency appreciation may negatively impact the supply chain and business operations. The company requires suppliers to provide governing documents and SAIC filings and conducts due diligence to verify qualifications; however, risks of fraudulent activities persist. To secure favorable terms, the company must meet minimum purchase requirements and consolidate orders, and may need to source products not listed on its platform through suppliers. There is no guarantee that current suppliers will continue to offer acceptable terms or that new supplier relationships can be established to ensure a steady, timely, and cost-efficient supply.
Iczoom Group Inc's Comment on Supply Chain
The company purchased electronic components from numerous overseas suppliers, totaling 698 in fiscal year 2025 (90.9% of 768 total suppliers), 589 in fiscal year 2024 (71.7% of 821 total suppliers), and 750 in fiscal year 2023 (89.7% of 836 total suppliers). These suppliers include authorized overseas distributors and certain manufacturers based in China. The company depends on these suppliers to procure electronic components under acceptable terms to maintain competitive pricing. Factors such as rising shipping and labor costs, foreign and PRC regulatory restrictions, trade disputes, tariffs, and currency appreciation may negatively impact the supply chain and business operations. The company requires suppliers to provide governing documents and SAIC filings and conducts due diligence to verify qualifications; however, risks of fraudulent activities persist. To secure favorable terms, the company must meet minimum purchase requirements and consolidate orders, and may need to source products not listed on its platform through suppliers. There is no guarantee that current suppliers will continue to offer acceptable terms or that new supplier relationships can be established to ensure a steady, timely, and cost-efficient supply.
Sources:
Iczoom Group Inc'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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