Ray Maple Inc. Filed Primary

What the company does

Ray Maple Inc. is a Cayman Islands holding company whose major operating subsidiary, OUS HK, commenced its advertising business in late 2022 and started its IT services business in early 2023. The Group's operations are substantially located in Hong Kong, and the Company conducts substantially all of its operations through its operating entity in Hong Kong. The company is an emerging growth company preparing its financial statements in accordance with U.S. GAAP.

Use of proceeds

The Company intends to use the net proceeds from this offering as follows: approximately 40% ($8,887,000) for strategic acquisitions for the Company's expansion; approximately 30% ($6,666,000) for market development purposes, including expanding the geographic footprint in high-growth Asian markets, enhancing sales and marketing infrastructure, pursuing strategic partnerships, expanding service and product offerings, and penetrating new vertical market segments; and approximately 30% ($6,666,000) for operating and working capital purposes, including further development and updating of IT systems.

Underwriters

The completed effective-prospectus read stated no underwriters.

Extracted from F-1 0001213900-26-090907, filed Aug 18, 2026 and verified against that filing text.

Key risk factors

• Growth management risk

  “We may not be able to grow at the historical rate of growth, and if we fail to manage our growth effectively, our business may be materially and adversely affected.”

• Limited operating history

  “Our operating history may not provide an adequate basis to judge our future prospects and results of operations.”

• PRC regulatory intervention risk

  “could significantly limit or completely hinder our ability to offer or continue to offer our Ordinary Shares to investors”

• VIE/PRC approval risk

  “we may face sanctions by the CSRC, the Cyberspace Administration of China (the "CAC") or other PRC regulatory agencies”

• Listing approval risk

  “If shares of our common stock are not approved for listing on Nasdaq, we will not consummate this offering.”

• Loss of entire investment

  “Investing in Ray Maple's Ordinary Shares involves a high degree of risk, including the risk of losing your entire investment.”

• Holdco structure risk

  “Our Ordinary Shares offered in this prospectus are shares of our Cayman Islands holding company, which has no material operations of its own and conducts substantially all of its operations through the operating entity established in Hong Kong.”