Company Summary of Wenyuan Group Corp.

Business Overview

Wenyuan Group Corp., formerly known as Longwen Group Corp., is a holding company primarily conducting its operations through subsidiaries in China. The company’s main areas of focus include:

• Cultural and Health Product Sales: The company's current primary business is selling cultural and health-related products. Since Q4 2022, the company has entered the e-commerce market via online stores and developed a mobile application aimed at promoting and selling cultural products and services. The mobile app “文化文元” is in final development stages and is expected to launch in H1 2025.

• Project Development and Management in the Cultural Sector: The company is engaged in projects such as antique promotion, traditional magazine collaborations, and multimedia (audio/video) product development and marketing.

• Online and Offline Retail: The Company launched an online store ("Huanyumeiyuan Mall") on Tencent’s WeChat platform, which has become an important revenue stream in 2024.

• Ancillary Operations: The company previously engaged in aquaculture product breeding and retail but exited this segment in 2024. This included ownership of subsidiaries involved in aquacultural breeding and sales, which are now classified as discontinued operations.

Subsidiaries & Structure

• Hangzhou Wenyuan Enterprise Management Co., Ltd. (“Hangzhou Wenyuan”) — a Wholly Foreign-Owned Enterprise (FKA Hangzhou Longwen). Founded in 2012, fully owned, with minimal operational history.
• Hangzhou Wenyuan Art and Culture Co., Ltd. (“HWAC”): Acquired in 2022, now fully owned subsidiary, mainly involved in cultural and art projects.
• Hangzhou Wenyuan Internet Technology Co., Ltd. (“HWIT”): Established in 2023, previously Huzhou Wohong Fishery Co., Ltd., focused on aquaculture but liquidated in 2024.
• Discontinued Operations: HWF (Huzhou Wohong Fishery), involved in aquaculture, sold in 2024.

Financial Highlights (2024)

• Revenue: $60,285
  • Major portion from offline cultural and health product sales ($43,210) and related-party offline sales ($17,075)
  • Online sales and consulting services contributed minimal or no revenue in 2024.
• Employees: As of April 2, 2025, the company has 7 employees based in China.
• Number of Customers: Data provided shows multiple individual investors and customers, especially through online sales, but exact total customer count is not given.
• Gross Profit: $21,145
• Net Loss: $(1,171,498) (including discontinued operations loss of $6,532)
• Operating Expenses: $869,575 (reduced slightly from $1,033,085 in 2023)
• Revenue Growth: Significant increase from 2023 ($21,086) to 2024 ($60,285), mainly driven by offline product sales and online store activity.
• Market & Shareholders: As of April 15, 2025, approximately 304 shareholders hold the company's common stock, traded over-the-counter (OTC), with a current stock price around $0.10 per share.

Key Business Developments in 2024

• Launched cultural and health products via subsidiaries.
• Developed and finalized a new mobile application to monetize cultural products.
• Increased online store sales substantially, becoming a major revenue source.
• Discontinued aquaculture business segment, recognizing assets and liabilities held for sale.
• Engaged in multiple private placements and share issuances to foreign investors under Regulation S.
• Experienced ongoing legal proceedings related to real estate liabilities, with some provisions made for possible losses.

Note: The company does not provide specific data on customer counts, revenue per customer, or detailed income breakdowns beyond total revenue and net loss. The primary focus is on core business activities, recent operational transitions, financial results for 2024, and corporate structure.