Wodo.us plans to list on the US stock market. The China Securities Regulatory Commission has requested additional information about the websites, apps, and mini-programs developed and operated by the company.

On June 27, the China Securities Regulatory Commission (CSRC) disclosed the "Supplementary Materials Requirements for Overseas Issuance and Listing (June 20, 2025 to June 26, 2025)", with the CSRC's International Department issuing supplementary material requirements for 10 companies. Among them, Wodo(US) (WODO.US) (confidential public listing) was required to provide supplementary explanations about the development and operation of its websites, apps, mini-programs, etc., the scale of collecting and storing user information, data collection and usage, the provision of information to third parties, as well as arrangements or measures for personal information protection and data security before and after listing. The CSRC requested Wodo to provide clarification on the following matters, for lawyers to verify and provide clear legal opinions: 1. Please explain: (1) List the corresponding relationship between the shareholders of Wuhan Wodo and the existing shareholders of the issuer before the current issuance and listing restructuring; (2) The legality of the shareholding structure, including but not limited to the regulatory procedures for setting up and acquiring foreign mergers and acquisitions involving foreign exchange management, overseas investments, tax payments according to law, etc.; (3) Specific transaction arrangements between relevant entities under the shareholding structure, including but not limited to the time, amount, method, and manner of fund support to domestic entities, related fund transfers, profit transfer arrangements, etc.; (4) The reasons and rationale for the reduction of Wuhan Wodo's capital in July 2024 and the introduction of new shareholders in August 2024, as well as the decision-making process and tax payment situation; (5) Brief overview of Qianben Holding Limited, reasons and legality for the joint venture partner Jian Deqianben Investment Partnership Enterprise (Limited Partnership) not obtaining the "Business Registration Certificate". 2. Please explain: whether the domestic operating entity of the company is engaged in domestic express delivery services, or whether there are other business activities related to the "Special Management Measures for Foreign Investment Access (Negative List)" (2024 Edition) prohibited or restricted for foreign investment. 3. Please explain: (1) Describe the company's business model based on the top five clients and their business types, contracts, and franchise licenses during the reporting period; (2) If the domestic operating entity has insufficient registered capital, please provide an explanation of the reasons and legality; (3) The situation of the products such as websites, apps, mini-programs developed and operated by the company, the scale of collecting and storing user information, data collection and usage, whether there are situations where information is provided to third parties, as well as arrangements or measures for personal information protection and data security before and after listing. According to the data, Wodo's supply chain technology company, World Road Inc (referred to as Wodo), submitted its public version of the prospectus to the SEC for the first time on May 16, applying to list on Nasdaq with the code "WODO", but the number of shares issued and the price range have not been publicly disclosed. Established in 2020, Wodo is a comprehensive logistics solutions provider focusing on cross-border logistics and intelligent warehousing. The company strategically focuses on connecting the Chinese and global markets for cross-border freight services, providing customers with comprehensive logistics solutions. As stated in the prospectus, Wodo has established regional Hub Groups in major cities such as Shanghai, Wuhan, and Shenzhen, which play a crucial role in the company's cross-border logistics business. At the same time, Wodo has established close partnerships with a wide range of suppliers, including sea and air port operators, sea and air carriers, customs brokers, e-commerce platforms, and domestic and international logistics service providers, and has maintained stable partnerships with over 100 clients and suppliers over the past four years.