Oriental Culture Holding Ltd. (China)

The Company, through its direct subsidiary Oriental Culture HK and variable interest entity (“VIE”), Jiangsu Yanggu Culture Development Co., Ltd. and subsidiaries (“Jiangsu Yanggu”) and International Culture are engaged in providing online platforms that facilitate the e-commerce trading of artwork and collectables and the online trading of commodities, principally teas. All of the Company's business activities are carried out by Oriental Culture HK, Jiangsu Yanggu and Jiangsu Yanggu's subsidiaries.
The Company facilitates trading by individual and institutional customers of various collectibles, artworks, and commodities on its online platforms. It also provides online and offline integrated marketing, storage, and technical maintenance services, as well as industry solutions and related software products, and system development and technical support services. In addition, the company is involved in the development of NFTs and Wine and Spirits metaverse project.
The Company determined that it has only one operating segment. All of the Company's net revenues were generated in the PRC including Hong Kong.
HISTORY
2018 The Company is a holding company incorporated on November 29, 2018, under the laws of the Cayman Islands.
2019 The Company completed its reorganization of entities under common control of various shareholders, who collectively owned 100 of the equity interests of Orient Culture prior to the reorganization. Oriental Culture, Oriental Culture BVI, and Oriental Culture HK, were established as the holding companies of Oriental Culture WFOE. Oriental Culture WFOE is the primary beneficiary of Jiangsu Yanggu and its subsidiaries. in May 8, 2019,
2019 The Company acquired all outstanding equity interest of HKDAEx Limited (“HKDAEx”), which provides the Company's customers with an additional online trading platform in Hong Kong in May 9, 2019.
2020 The Company s ordinary shares are listed for trading on the NASDAQ Capital Market under the symbol “OCG.” The shares began trading on December 15, 2020 on the NASDAQ Capital Market.