Zhuoxun Hongtu Inc

Zhuoxun Hongtu Inc. is a Nevada corporation, originally incorporated on March 9, 2015, under the name Gushen, Inc., that officially changed its name to Zhuoxun Hongtu Inc. on August 23, 2024. The company operates through a multi-jurisdictional holding structure — Nevada parent corporation, Dyckmanst Limited (a British Virgin Islands subsidiary), Edeshler Limited (a Hong Kong subsidiary), and operating entities in China — that is a common organizational architecture for U.S.-listed Chinese operating companies seeking to combine the legal and regulatory protections of U.S. incorporation and OTC market status with the operational flexibility and domestic market access of Chinese corporate entities. The China-based operating entities provide education and technology services — business categories that have seen significant growth in China driven by rising incomes, increased spending on education, and expanding technology infrastructure — reflecting the company's strategic focus on the Chinese market's substantial and growing demand for educational and technology service offerings.<br><br>The company has 423,237,273 shares of common stock outstanding and 1,000,000 shares of preferred stock, reflecting a capital structure with a large outstanding share count typical of small Nevada companies that have financed their operations through multiple rounds of share issuance. As of March 31, 2024, the company's common stock was removed from quotation on the OTC market, meaning shares are no longer actively quoted through OTC Markets Group's inter-dealer quotation system. Despite this OTC delisting, Zhuoxun Hongtu continues to file periodic reports with the Securities and Exchange Commission — including a Form 10-K filed January 2025 and quarterly Form 10-Q reports in 2025 — maintaining its registration and disclosure obligations as an SEC reporting company even in the absence of active OTC market quotation for its shares.<br><br>The maintenance of SEC reporting obligations after removal from OTC quotation reflects the regulatory reality that a company with registered securities under the Exchange Act is required to continue filing periodic reports regardless of whether its shares trade on a recognized market, unless it formally deregisters by meeting the applicable thresholds under Rule 12g-4 or otherwise terminates its Exchange Act registration. For small companies like Zhuoxun Hongtu, the cost of maintaining SEC reporting compliance must be weighed against the potential future benefits of having registered securities — including the ability to re-establish OTC market quotation, complete future capital raises, or engage in business combination transactions that require registered securities — creating the continuing compliance posture that characterizes companies in a transitional state between active OTC trading and potential future corporate activity.