FMFC — Kandal M Venture Limited Class A Ordinary Shares

Kandal M Venture Ltd is a contract manufacturer of affordable luxury leather goods with its manufacturing operations in Cambodia. It manufactures handbags, such as shoulder bag, crossbody bag, tote bag, backpack, top-handle handbag, satchel and other smaller leather goods, such as wallets. Its customers are fashion brands in the United States. The company operates in a single business segment which is the business of contract manufacturing of handbags. Geographically, it operates in United States of America, Europe, Canada, Japan, and Others with the majority of revenue deriving from the United States of America.