ESG Inc (ESGH) is a Nevada-incorporated holding company that operates a mushroom cultivation and production business in China through its subsidiaries. Revenue is generated from the sale of fresh mushrooms, produced at facilities operated by Funan Allied United Farmer Products Co., Ltd. and its subsidiaries Anhui Allied United Mushroom Technology Co., Ltd. and Anhui Allied United Mushroom Co., Ltd., all Chinese operating companies. ESGH holds a 74.52% indirect stake in AUFP through Hainan ESG Technology Co., Ltd., following a share exchange agreement completed September 28, 2023. All operations are conducted in China, and the company qualifies as an agricultural production enterprise, receiving VAT and income tax waivers under applicable PRC tax policy. In Q3 FY2025, construction of an EPA-compliance facility at its primary production site disrupted composting conditions, resulting in zero fresh mushroom sales recorded in September 2025 and an operating loss for the three months ended September 30, 2025. The independent auditor as of February 18, 2026 is Tang Qian & Associates, PLLC, a Texas-based PCAOB-registered firm.

Revenue model

Transactional sales of fresh mushrooms grown at Chinese production facilities. The company benefits from PRC agricultural tax exemptions on VAT and income tax, per the 10-K filed 2026-03-31.

Products and services

Fresh mushrooms cultivated through a composting-based production process at facilities in Anhui and Funan, China.

Customers and end markets

End market is fresh mushroom consumption in China. Specific customer names, counts, and concentration data are not disclosed in the filing excerpts.

Value-chain role

Vertically integrated agricultural producer: composting, mushroom cultivation, and fresh mushroom sales conducted through wholly owned Chinese operating subsidiaries.

Geographic exposure

Substantially all assets and operations are located in China, per the 10-K filed 2026-03-31. The holding company is incorporated in Nevada.

Source: SEC 10-K, filed 2026-03-31

Industry: Agricultural Production-Crops