Leader Capital Holdings Stock

Leader Capital Holdings Corp., through its wholly owned subsidiaries, provides investment platform services with the use of a mobile application.

The company, through Leader Financial Group Limited, acts as the service provider for a mobile application investment platform that is owned by JFB Internet Service Limited (JFB). The platform connects investors with financial service providers. It is a ready-made application created to meet the needs of financial service providers, primarily trust companies and insurance companies. The platform is customizable and each financial institution could adjust the platform to suit their client’s needs.

The company has developed a comprehensive mobile application, the FinMaster mobile application (FinMaster App). The FinMaster App intends to offer a solution for multi-facet financial services. Key services include real-time Taiwan stock market quotes, financial industry information and news, social media activities, on-line live broadcast, A.I. stock selection and other features. With approximately 350,000 downloads of the FinMaster App, the company continues to collect data, as well as user feedback to improve APP features and fine tune research and development (R&D) plans to optimize customer experience.

The key features of the FinMaster App include real-time Taiwan stock market quotes; delayed Hong Kong and the U.S., stock market quotes; and financial market news feed AI Stock Selection Tools, including day trading analysis, portfolio health check, institutional trading tactics, AI smart screening tools; instant news feed and quotes of pre-defined stocks under watchlist; live streaming sessions from the industry expert analysts; discussion forums for users and experts’ direct communication; in-app messaging: chats, audio, and video calls between members; token system and point reward redemption corner

Other key features are under development, which include online securities account-opening and online trading, on-line leader fintech academy programs, AI futures selection and screening tools, and AI options selection and screening tools, as well as in-app messaging, including chats, audio, and video calls.

Acquisition

In August 2020, the company, through its wholly-owned subsidiary JFB Internet Service Limited, a company incorporated and existing under the laws of Hong Kong (the ‘Buyer’), acquired all of the issued and outstanding capital stock (the ‘Acquisition’) of Nice Products Inc., a company organized under the laws of the British Virgin Islands and the company’s software ODM developer of the FinMaster App (NPI), pursuant to the terms and conditions of that certain Stock Purchase Agreement, dated as of August 17, 2020 (the ‘Purchase Agreement’), among the company, the Buyer, NPI, the selling shareholders of NPI identified therein (each a ‘Seller’ and, collectively, the ‘Sellers’) and the representative of the Sellers identified therein (the ‘Sellers’ ‘Representative’).

As a result of the acquisition, the company owns, indirectly through the Buyer, 100% of NPI. NPI, through its wholly-owned subsidiaries, LOC Weibo Co., Ltd. and Beijing DataComm Cloud Media Technology Co., Ltd., companies organized under the laws of the Republic of China (Taiwan) and the laws of the People’s Republic of China, respectively, engages primarily in the development of ecological-system applications, integration of big data and promotion of OTT applications.

Marketing

The company also employs Facebook, Google and YouTube as its main marketing tools. During the year ended August 31, 2021, the company also broadcasted commercials on various television stations in Taiwan to promote the FinMaster App. It also relies on its clients and business contacts, such as insurance brokerage houses, real estate agent firms, social network groups, and securities firms to encourage their clients to download the FinMaster App.

Discontinued Operations

The company had an agreement with a third party whereby it authorized the third party to use its investment platform and related applications until December 31, 2020 for a fee. The company was in discussion with the third party and both parties decided to terminate the agreement at maturity.

R&D

The company’s R&D expenses for the year ended August 31, 2021 amounted to $602,118.

History

Leader Capital Holdings Corp. was incorporated in 2017.