We are a holding company incorporated in the Cayman Islands. As a holding company with no material operations of our own, we conduct our business through our operating subsidiaries in China. We, through Suzhou TC-Link, provide domestic and cross-border professional logistic services including project logistic and general logistic for company clients. Suzhou TC-Link was established on January 9, 2006 in Jiangsu Province, China. Suzhou TC-Link has obtained the internationally recognized IS09001 certificate of high-quality service (2015 standard), and it has 4 wholly owned subsidiaries, 5 warehouses/logistic centers and 3 branch offices of its subsidiaries in China. Suzhou TC-Link was rated as a key logistics enterprise in Jiangsu Province by Industry and Information Technology Department of Jiangsu in 2018, an AAA-level credit enterprise and a Class A contractor qualification for large power products transportation by China Water Resources and Electric Power Association On Physical Distribution in 2021 and 2023, respectively, and an AAA-level logistics enterprise by China Federation of Logistics & Purchasing in 2023. Suzhou TC-Link and Yancheng TC-Link have the road transportation permits from transportation bureau for large-size items/cargo transportation and Suzhou TC-Link’s business license also includes non-vessel operating common carrier business. Suzhou TC-Link’s operating network covers key cities in mainland China, Hong Kong, Southeast Asia and Central Asia. Suzhou TC-Link has an independently developed enterprise resource planning (ERP) management system. Our project logistic services mainly include construction project logistics and special cargo logistics for large or precision equipment. Construction project logistics range from certain stage or entire process of construction projects. including purchase, packaging, storage, loading and unloading, transportation, fixation, installation of the equipment and machinery for construction as well as other related logistic services. We primarily provide our logistic solution services for new energy projects (including wind power turbine, photovoltaic, renewable energy storage, etc.), chemical equipment, engineering and infrastructure construction projects (including roads and bridges, tunnel construction). Special cargo logistics for large or precision equipment refer to logistic services to the manufacturers or purchasers of special and customized large and/or precision equipment, such as stamping machines, lathe, aircraft engines, and others. We study the operations of our clients, analyze their logistics needs and provide them with specific solutions which will improve the cost efficiency and achieve higher services’ quality). We have provided logistic services in China for wind power turbine projects which were exported to countries including Vietnam, UAE, Australia, South Africa and Chile. Our general logistic services refer to the transportation, warehousing, loading and unloading, and distribution of ordinary products. For instance, we provide logistic services for the household appliances manufacturers including the transportation of goods from manufacturing factories to warehouses, and to distributors’ warehouses nationwide according to customers’ instructions. Delivery can be made in whole truckload or less-than truckload. we have built a network with subsidiaries and offices in Suzhou, Wuxi, Yancheng, Chengdu, Chongqing, Guangzhou, Shenzhen, Kunming, Mohan covering most of major cities and areas in China. The Company has started its cross-border logistic services since 2019, mainly focus on inland transportation and railway transportation between Mainland China and Southeast Asia countries for cargoes, such as bulk commodities, electronic products, tires, new energy equipment and other machineries. For example, we completed transportation from Laos to China of 707 units of 40ft containers, 914 units of 20ft containers and 244 units of open top containers for rubber, iron ore, barley and Cassava starch in 2022. We also provided service for the shipment of washing machines through China-Europe Railway Express to Europe. The Company owns 20 trucks and has cooperative relationships with other owners and drivers for over 2,000 trucks for domestic long-distance transportation and less than carload goods. When we receive orders and projects, we make inquires to these drivers/owners and ask them to provide a fee estimate for the job. If they provide reasonable price or their prices are less than costs for which we use our own trucks, we will engage these drivers to undertake the transportation. We will provide them with time and location to load the goods and provide name, contact information and license plate of the driver and truck to our clients. After the delivery is completed, we will collect payment from the clients and pay such drivers directly. The Company also has 5 warehouses/logistic centers in three different provinces, with a total of over 25,000 square meters areas providing general and special storage, distribution and value-added services to clients. Our operating subsidiaries are incorporated and operating in mainland China and they have received all required permissions from Chinese authorities to operate its current business in China, which are Business licenses, Customs Registration Certificate, Bank Account Open Permits, and Permits for Road Transportation of general goods and large sized items/cargo. Our principal executive offices are located in Hangzhou, Zhejiang Province, China.
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Here are 1-3 brief analogies to describe Eastern International (ELOG):
FedEx for businesses in China.
DHL for logistics within China.
Expeditors International for the Chinese market.
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Eastern International (symbol: ELOG) operates as a development-stage public company with limited operations and no current revenue-generating products or services. Its primary activities are focused on:
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Corporate Shell Management: The company manages its status as a publicly traded corporate entity, maintaining its legal and administrative framework for future business endeavors.
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Strategic Acquisition Sourcing: It actively identifies, evaluates, and pursues merger and acquisition opportunities with private operating businesses to establish new revenue-generating operations.
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Information regarding a public company named "Eastern International" with the exact stock symbol "ELOG" is not readily available in public financial databases or SEC filings that describe it as a company with traditional major customers (i.e., selling goods or services).
The stock symbol ELOG primarily corresponds to Elag S.A., an investment company listed on Euronext Paris (symbol: ELAG). There is no clear public record linking "Eastern International" directly to the ELOG symbol as an operational business selling products or services.
As an investment company, Elag S.A. does not have "major customers" in the conventional sense of selling products or services to other companies or individuals. Its primary business model involves investing its capital in small and mid-cap companies across various sectors. Its revenue is generated from the returns on these investments, rather than from sales to external customers.
Therefore, the concept of identifying major customer companies it sells to, or categories of individual customers it serves, does not directly apply to Elag S.A.'s operations as an investment firm.
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Albert Wong, Chief Executive Officer, Director and Chairman of the Board
Mr. Wong has served as the Chief Executive Officer of Eastern International Ltd. since February 8, 2024. He has also been a Director since July 27, 2023, and serves as Chairman since September 2023.
Chung Leung Cheung, Chief Financial Officer
Detailed background information regarding founding or managing other companies, selling companies, or a pattern of managing private equity-backed companies is not readily available.
Lin Tan, Chief Operating Officer
Detailed background information regarding founding or managing other companies, selling companies, or a pattern of managing private equity-backed companies is not readily available.
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The following are clear emerging threats for Eastern International (ELOG):
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The aggressive expansion of in-house logistics and supply chain capabilities by major e-commerce platforms like Alibaba's Cainiao Network and JD.com's JD Logistics. These platforms are increasingly handling their own vast shipping volumes and also offering logistics services to third-party merchants, directly competing with traditional freight forwarders and logistics providers like ELOG. This trend reduces the available market for ELOG, particularly in the booming e-commerce sector, and puts significant pressure on pricing and service differentiation.
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The rise of digital freight forwarding and tech-enabled logistics platforms. These new entrants leverage advanced technology, AI, and data analytics to offer more transparent, efficient, and often more cost-effective services compared to traditional freight forwarders. Companies in this space provide online booking, real-time tracking, and streamlined customs processes, threatening ELOG's conventional business model by appealing to shippers seeking greater visibility, speed, and ease of use.
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Eastern International Ltd. (symbol: ELOG) primarily offers logistics services in China, encompassing transportation, warehousing, cross-border logistics, project logistics, and specialized cargo logistics.
The addressable markets for these services are substantial, both globally and within the Asia Pacific region where Eastern International operates:
- Global Logistics Market: The global logistics market was valued at USD 3,794.4 billion in 2023 and is projected to grow to USD 5,951.0 billion by 2030. Other estimates place the global market size at USD 9.98 trillion in 2024, with a projection to reach approximately USD 23.14 trillion by 2034.
- Asia Pacific Logistics Market: The Asia Pacific logistics market alone was valued at USD 4.45 trillion in 2024 and is anticipated to reach around USD 11.43 trillion by 2034. This region held the largest market share globally, accounting for 44.59% in 2024.
- Global Freight Forwarding Market: A segment of logistics, the global freight forwarding market was estimated at USD 216.47 billion in 2024 and is projected to reach USD 285.60 billion by 2030. Another report estimates the market size at USD 572.25 billion in 2025, expected to reach USD 740.85 billion by 2030.
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Eastern International (NASDAQ: ELOG) is expected to drive future revenue growth over the next 2-3 years through several key areas, primarily by expanding its specialized logistics services within China's new energy sector and leveraging its recent public offering.
Here are 3-5 expected drivers of future revenue growth:
- Growth in Offshore Wind Power Logistics: Eastern International has demonstrated significant revenue generation from its ongoing logistics services for offshore wind power projects, including recently launched initiatives like the Yangjiang offshore project. The completion of Jiangsu offshore projects by the end of 2025, supporting over 1.6 GW of installation capacity, further solidifies this segment as a crucial growth driver.
- Expansion into New Energy Projects: Beyond offshore wind, the company's stated focus on providing logistics services for new energy projects in general presents a broad avenue for revenue expansion. As China continues to invest in renewable energy infrastructure, ELOG is positioned to capture increased demand for specialized transportation and logistics.
- Increased Demand for Special Cargo Logistics: Eastern International offers specialized logistics for large or precision equipment, which is critical for complex industrial and infrastructure projects, including those in the new energy sector. Growth in such projects would directly translate to increased demand for these high-value services.
- Leveraging IPO Capital for Operational Expansion: The successful completion of its Initial Public Offering (IPO) in August 2025, raising $6.4 million, provides Eastern International with capital that can be used to expand its operational capabilities, invest in new equipment, or enhance its service offerings, thereby supporting revenue growth.
- Expansion of Cross-Border Logistics Services: While the primary focus appears to be domestic new energy projects, the company also provides cross-border logistics services. An increase in international trade and demand for specialized logistics into and out of China could contribute to revenue growth in this segment.
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Share Issuance
- Eastern International Ltd. announced the closing of its initial public offering (IPO) on August 29, 2025, offering an aggregate of 1,600,000 ordinary shares at a price of $4.00 per share.
- The company received aggregate gross proceeds of approximately $6.4 million from the IPO before deducting underwriting discounts and other related expenses.
- Eastern International granted the sole book-running manager, Maxim Group LLC, a 45-day option to purchase up to an additional 240,000 ordinary shares at the offering price, less underwriting discounts.
Outbound Investments
- On October 27, 2025, Eastern International Ltd.'s wholly-owned subsidiary, Hangzhou TC-Link Logistics Supply Chain Management Co., Ltd., completed the acquisition of 100% of Guizhou Minji Construction Engineering Co., Ltd. for approximately RMB 730,000 (US$102,883).
- This acquisition is intended to expand Eastern International's logistics services into the power engineering field, allowing it to undertake power generation projects, transmission, distribution networks, and steel structure projects.
- Management stated that the transaction aims to extend services to include construction, equipment installation, and new energy engineering to explore new revenue streams and higher margins.
