BAOS vs CPOP

BAOS Core

Annual filing released 2025-04-29 · GPT 6 Luna

We are an online marketing solution provider based in China. We are dedicated to helping our advertiser clients manage their online marketing activities with a view to achieving their business goals. We advise advertisers on online marketing strategies, offer value-added advertising optimization services and facilitate the deployment of online ads of various forms such as search ads, in-feed ads, mobile app ads and social media marketing ads. At the same time, as the authorized agency of some popular online media, such as Super Huichuan (超级汇川), and Today’s Headline (今日头条), we help online media procure advertisers to buy their ad inventory and facilitate ad deployment on their advertising channels.

We primarily generate our revenues from providing online marketing solutions. We recognize all our revenues on a net basis, which comprises of (i) rebates and incentives offered by publishers for procuring advertisers to place ads with them, which are typically calculated with reference to the advertising spend of our advertisers and are closely correlated to our gross billing from advertisers; and (ii) net fees from advertisers, which are essentially the fees we charge our advertisers (i.e. gross billing) net of the media costs we incurred on their behalf. Our total revenues decreased by $0.3 million or 32.3%, from $0.9 million for the year ended December 31, 2023, to $0.6 million for the year ended December 31, 2024. The following table sets forth a breakdown of our revenues: For the Years Ended December 31, Variance 2024 % 2023 % Amount %

CPOP Core

Annual filing released 2025-11-17 · GPT 6 Luna

For digital entertainment services, the operating entities offer customized digital marketing solutions services to clients by leveraging extensive internet media resources, enabling effective brand promotion campaigns. Revenue from digital entertainment increased by 140.6% from $39.6 million for the year ended June 30, 2024 to $95.3 million for the year ended June 30, 2025, primarily attributable to (i) the changing consumer trends that increase the public dependence on digital channels (especially short-form video platforms) for brand and product information; and (ii) the budget reallocation by clients, the material expansion in corporate online marketing expenditures directed toward our internet media-based solutions.

Revenue from the PRC operating entities’ Digital Entertainment business was $95,316,211, $39,611,817, and $9,650,274for the fiscal years ended June 30, 2025, 2024, and 2023, respectively, which accounted for 89%, 83%, and 53% of our total revenue for those fiscal years, respectively. The Digital Entertainment service the PRC operating entities offer is Online marketing and promotion. The PRC operating entities provide integrated marketing and promotion services to clients, such as providing marketing plans to clients, integrating online resources of marketing and promotion, and purchasing resources of flows. Live Entertainment

BAOS Not tagged

Annual filing released 2025-04-29 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

CPOP Material

Annual filing released 2025-11-17 · GPT 6 Luna

For live entertainment services, the operating entities deliver high-quality and immersive cultural experiences to clients and end-users primarily by providing artist management and agency services, and in limited cases by organizing concerts, music festivals, street dance competitions, Chinese Pop events, and other live activities. During the year ended June 30, 2025, the operating entities participated in eight large-scale concerts and touring projects, serving 15 corporate clients. These events collectively attracted approximately 600,000 social media engagements, representing an increase from 520,000 social media engagements in the same period of 2024.

We believe that the main reason corporate clients hire the PRC operating entities to provide Live Entertainment and Digital Entertainment services geared towards the younger generation is for their deep understanding of the taste and preferences of this generation. For the fiscal years ended June 30, 2025, 2024, and 2023, we had total revenue of $107,632,769, $47,381,918, and $18,543,243, and net loss of $6,893,491, $12,632,115, and $25,257,696, respectively. Revenue derived from the Live Entertainment business accounted for 9%, 16%, and 45% of our total revenue for those fiscal years, respectively. Revenue derived from the Digital Entertainment business accounted for 89%, 83%, and 53% of our total revenue for those fiscal years, respectively. Revenue derived from Other Services accounted for 2%, 1%, and 2% of our total revenue for those fiscal years, respectively.

BAOS Not tagged

Annual filing released 2025-04-29 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

CPOP Material

Annual filing released 2025-11-17 · GPT 6 Luna

(i) Event hosting: The Company regularly hosts live concerts and Chinese Pop Culture events, and operates Chinese Pop Culture related online programs. The portfolio of Chinese Pop Culture events includes a stage play, dance competitions, cultural and musical festivals, and promotional parties. The Company started to operate online Chinese Pop Culture programs since 2020.

The portfolio of online Chinese Pop Culture programs includes street dance tutorial programs, collections of street dance performances videos, and collections of short music videos on trendy shoes and clothes related to Chinese Pop Culture. The Company generates revenue from concerts, Chinese Pop Culture events, and online Chinese Pop Culture programs by providing sponsorship packages to advertisers in exchange for sponsorship fees or by selling tickets for those concerts.

BAOS Not tagged

Annual filing released 2025-04-29 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

CPOP Material

Annual filing released 2025-11-17 · GPT 6 Luna

The PRC operating entities provide other services, including apartment leasing income, digital collection sales, software development, SaaS software services, and advertisement distribution. Revenue from the PRC operating entities’ other services was $2,316,093, $279,240, and $412,189 for the fiscal years ended June 30, 2025, 2024, and 2023, respectively, which accounted for 2%, 1%, and 2% of our total revenue for those fiscal years, respectively. 62 Advertisement Distribution

The Company has entered into lease agreement with a customer for rental of apartments. The leases are fixed payment and the lease terms are 19 years. The Company recognized the lease payments as revenue in profit or loss over the lease term on a straight-line basis as below: For the fiscal years ended June 30, 2025 2024 2023 Operating lease income $ 2,271,505 $ - $ - F-33 The operating lease term is 19 years. As of June 30, 2025 and 2024, undiscounted cash flows of our operating lease receivables from customers for the next five years and thereafter were as follows: As of June 30, 2025 2024 Less than 1 year 1,012,131 $ - 1-2 years 2,760,356 - 2-3 years 3,787,822 - 3-4 years 3,864,498 - 4-5 year 3,864,498 -