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FLX vs ZDAI

BingEx Limited American Depositary Shares and DirectBooking Technology Co., Ltd. Class A Ordinary Shares

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BingEx Limited American Depositary Shares

BingEx Limited, through its subsidiaries, engages in the provision of on-demand dedicated courier services under the FlashEx brand name in the People's Republic of China. The company offers Flash-Riders as service who provides the courier services. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website. The company was incorporated in 2014 and is headquartered in Beijing, the People's Republic of China.

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DirectBooking Technology Co., Ltd. Class A Ordinary Shares

DirectBooking Technology Co., Ltd., through its subsidiaries, provides soil and rock transportation services in Hong Kong. The company engages in the handling, loading, and transporting of excavated materials for disposal at relevant government waste disposal facilities, such as landfills, sorting facilities, and public fill reception facilities. It also provides construction works, including excavation and lateral support works, as well as bored piling services. The company serves construction contractors and subcontractors operating in private sector construction projects. The company was formerly known as Primega Group Holdings Limited and changed its name to DirectBooking Technology Co., Ltd. in Septembet 2025. DirectBooking Technology Co., Ltd. was founded in 2018 and is based in San Po Kong, Hong Kong.

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