Company Description
U-BX Technology Ltd. conducts business through the VIE Agreements with the variable interest entity, U-BX China, a company formed under the laws of the People’s Republic of China with its headquarters in Beijing, China.
Since U-BX China’s establishment in 2018, it has focused on providing value-added services using artificial intelligence-driven technology to businesses within the insurance industry, including insurance carriers and brokers.
U-BX China’s business primarily consists of providing the following three services/products: i) digital promotion services, ii) risk assessment services, and iii) value-added bundled benefits.
We help our institutional clients obtain visibility on various social media platforms and generate our revenue based on consumers’ clicks, views or our clients’ promotion time through those channels.
We have also developed a unique algorithm and named it the “Magic Mirror” to calculate payout risks for insurance carriers to underwrite auto insurance coverage.
In turn, we are able to generate revenue based on the number of assessment reports we provide to the insurance carriers.
Lastly, to help major insurance carriers or brokers attract their customers, we sell bundled benefits, including car wash, maintenance plan or parking notification, to these carriers, which they may then pass onto their customers for either low or no cost.
| Country | China |
| Founded | 2018 |
| IPO Date | Mar 28, 2024 |
| Industry | Software - Infrastructure |
| Sector | Technology |
| Employees | 36 |
| CEO | Jian Chen |
Contact Details
Address: Zhongguan Science and Technology, Park No. 1 Linkong Er Road Shunyi District, Beijing China | |
| Phone | +86 10 0651-20297 |
Stock Details
| Ticker Symbol | UBXG |
| Exchange | NASDAQ |
| Fiscal Year | July - June |
| Reporting Currency | USD |
| IPO Price | $5.00 |
| CIK Code | 0001888525 |
| ISIN Number | KYG9161K1040 |
| SIC Code | 7370 |
Key Executives
| Name | Position |
|---|---|
| Mingfei Liu | Chief Operating Officer |
| Jian Chen | Chief Executive Officer, Director |
| Xiaoli Zhong | Chief Financial Officer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Apr 1, 2024 | 6-K | Report of foreign issuer |
| Mar 29, 2024 | 424B4 | Prospectus |
| Mar 26, 2024 | CERT | Certification by an exchange approving securities for listing |
| Mar 25, 2024 | EFFECT | Notice of Effectiveness |
| Mar 21, 2024 | 8-A12B | Registration of securities |
| Mar 14, 2024 | F-1/A | [Amend] Registration statement for certain foreign private issuers |
| Feb 13, 2024 | F-1/A | [Amend] Registration statement for certain foreign private issuers |
| Jan 5, 2024 | F-1/A | [Amend] Registration statement for certain foreign private issuers |
| Dec 5, 2023 | F-1/A | [Amend] Registration statement for certain foreign private issuers |
| Nov 17, 2023 | F-1/A | [Amend] Registration statement for certain foreign private issuers |