Leader Capital Holdings Corp (OTC: LCHD) is a fintech company that develops and operates the FinMaster App, a mobile application targeting Taiwan's retail financial services market. Revenue is intended to come from paid in-app features, with the company pursuing a freemium model where users download the app at no cost and pay for select functions. LCHD operates through wholly-owned subsidiaries JFB Internet Service Limited (Hong Kong), LOC Weibo Co., Ltd. (Taiwan), and Beijing DataComm Cloud Media Technology Co., Ltd. (China), the latter two acquired via the August 2020 purchase of Nice Products Inc. The FinMaster App had accumulated more than 350,000 downloads as of the 10-K filed December 14, 2022. Core app features include real-time Taiwan stock market quotes, financial news, social media tools, live broadcast, and AI-based stock selection. The company also pursues customized app development contracts for external clients. As of August 31, 2022, LCHD disclosed material weaknesses across audit, accounting personnel, written policies, and IT controls.

Revenue model

Transactional and subscription fees from paid FinMaster App features, supplemented by customized app development contracts for third-party clients. The filing does not disclose recognized revenue figures for a specific fiscal period.

Products and services

FinMaster App: mobile application offering real-time Taiwan stock market quotes, financial news, social media features, online live broadcast, and AI stock selection. Custom app development services for financial service providers and insurers through LOC Weibo Co., Ltd. and Beijing DataComm Cloud Media Technology Co., Ltd.

Customers and end markets

Retail investors and general public users of the FinMaster App in Taiwan. Target business customers include financial service providers, insurers, and brokerage houses seeking customized app development.

Value-chain role

Software developer and platform operator. LCHD builds and maintains the FinMaster App internally through subsidiaries LOC and BJDC, which also develop customized fintech apps for external clients.

Geographic exposure

Primary operations in Taiwan and China, with a holding structure spanning the British Virgin Islands, Hong Kong, Taiwan, and China, as disclosed in the 10-K filed December 14, 2022.

Source: SEC 10-K, filed 2022-12-14

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