Company Description

We were incorporated under the laws of the State of Nevada on November 14, 2024. We are a holding company with no material operation of our own and conduct all of the operations through our wholly owned subsidiary, Hillhouse Capital Group Inc (“Hillhouse Capital”). We started our business as Hillhouse Capital, a California corporation in October 2022. In November 2024, we merged with our subsidiary, Hillhouse Frontier Holding (“Hillhouse Holding”), a Nevada corporation, through a share exchange and Hillhouse Capital became a wholly owned subsidiary of Hillhouse Holding. Since our inception, we have focused on building a comprehensive automotive business based on the export of vehicles from the United States to Hong Kong for sale to customers in the People’s Republic of China (the “PRC” or “mainland China”). We operate a vehicle export business, specializing in sourcing premium vehicles in the U.S. and facilitating their shipment to a client in Hong Kong, who distributes the vehicles to its clients in the PRC. In 2023 and 2024, we primarily sourced our brand-new U.S. manufactured vehicles through a network of purchasing agents who purchase the cars on our behalf from brand name authorized dealers. In the first quarter of 2025, we only sourced vehicles from independent dealers, which offered more favorable pricing than authorized dealerships. Under the authorized dealerships, we make payment directly to the authorized dealerships and arrange for third party intermodal trucking companies, which specialize in freight transportation between ports, rail terminals and inland logistics hubs, to pick up the purchased vehicles from the authorized dealerships. The titles to the vehicles are initially in the name of the purchasing agents with the understanding that the purchasing agents are acting as our proxies and that we actually own the purchased vehicles. To our knowledge, this practice has not been tested in a court proceeding, nor is it based on a formal legal opinion. In addition to our purchases from authorized dealerships, we also buy vehicles directly from independent dealers – particularly when specific models are unavailable through our typical channels due to inventory limitations, regional allocation constraints, or brand-specific distribution strategies. These independent dealers often operate domestic resale networks, enabling us to access vehicles that may not be readily available in our region. We pay these independent dealers based on our purchase orders when the vehicles are delivered by them to a designated port for export. We do not involve purchasing agents in the transactions with independent dealers. Luxury vehicle manufacturers and official distributors often impose contractual clauses on authorized dealerships that prevent them from knowingly selling vehicles for export and have taken measures to restrict third-party export activities, such as limiting vehicle purchases by parallel-import dealers through contractual provisions or tracking purchases via “Suspect Customer Databases.” Utilizing purchasing agents has allowed us to purchase a large variety of vehicles for export in large quantity without being put on the manufacturer’s “Suspect Customer Databases.”. Once a vehicle is purchased from an authorized dealer through a purchasing agent, we arrange local transportation within the U.S so that the vehicle is picked up from the authorized dealerships and promptly delivered to a freight forwarders’ warehouse for shipment to the destination specified by our corporate client in Hong Kong. We ship the vehicles to the designated destinations only if we have received full payment for the vehicles. We oversee every aspect of the export process, including arranging for shipment by sea, managing customs clearance, and ensuring compliance with all regulatory requirements. This end-to-end service provides a seamless experience for our clients who rely on us to handle the complexities of cross-border logistics. By collaborating with independent purchasing agents and sales personnel who work for authorized dealerships, we benefit from their local expertise and resource networks, enabling us to maintain a reliable and scalable operation without the challenges associated with directly managing a large pool of agents. In 2023 and 2024, we worked with a total of 64 purchasing agents, consisting of both individuals and companies, and completed transactions with 35 different dealerships. In 2023, we completed 126 vehicle transactions, including 79 with authorized dealerships and 47 with independent dealers, and worked with 53 purchasing agents. In 2024, we completed 67 transactions, including 34 with authorized dealerships and 33 with independent dealers and worked with 15 purchasing agents. For the year ended December 31, 2023, our total revenue was $11,595,405 and net loss was $50,711. For year ended December 31,2024, our total revenue was $8,066,876 and net income was $878,363. For the three months ended March 31, 2025, we completed 31 vehicle transactions, all with independent dealers, and did not engage any purchasing agents. We intend to continue to maintain both sourcing models in the future– through independent dealers and authorized dealerships – and select the most cost effective option based on prevailing market conditions. During the first quarter of 2025, we sourced vehicles exclusively from independent dealers because their vehicle prices were more favorable to those of the authorized dealerships. We intend to maintain our sourcing relationships as we believe access to both channels is critical to our maintaining an uninterrupted supply of vehicles. For the three months ended March 31, 2024, we completed 36 transactions, among which 25 vehicles were sourced from authorized dealerships and were procured through 12 purchasing agents acting on our behalf. The remaining 11 vehicles were purchased directly from independent dealers without involvement of any purchasing agents. We entered into bills of sale directly with those independent dealers. For the three months ended March 31, 2025, our total revenue was $2,898,412 and net income was $33,104. For the three months ended March 31, 2024, our total revenue was $3,983,552 and net income was $427,568. --- Our principal executive offices are located at 20955 Lycoming St, Suite 201-208, Diamond Bar, California 91789. Our telephone number at our principal executive office is 661-508-8888. Our corporate website is www.hillhouse-group.com.