Eastern International Ltd. Completes $6.4 Million Initial Public Offering
Hangzhou, China – August 29, 2025 – Eastern International Ltd. (referred to as “Eastern International” or the “Company”), a company specializing in domestic and international professional logistic services, encompassing both project and general logistics for its clientele, confirmed today the successful completion of its previously disclosed initial public offering (IPO). The offering involved a total of 1,600,000 ordinary shares, priced at $4.00 per share.
Trading of these shares commenced on the Nasdaq Capital Market on August 28, 2025, under the ticker symbol “ELOG.” Furthermore, the Company has provided Maxim (as later defined) a 45-day option to acquire up to an additional 240,000 ordinary shares. This option, known as the “Over-allotment option,” is available at the offering price minus underwriting discounts and represents 15% of the ordinary shares originally sold in the offering.
The Offering generated total gross proceeds of US$6.4 million for the Company, prior to the deduction of underwriting discounts and other associated costs.
Maxim Group LLC, identified as “Maxim,” served as the exclusive book-running manager for this Offering. FisherBroyles, LLP provided legal counsel to Eastern International, while Hunter Taubman Fischer & Li LLC acted as legal counsel for Maxim in connection with the Offering.
The Offering was executed in accordance with the Company’s Registration Statement on Form F-1 (File No. 333-281900), as amended, which the U.S. Securities and Exchange Commission (“SEC”) declared effective on August 27, 2025. Investors are advised to review the final prospectus and other documents filed by the Company with the SEC for comprehensive details regarding Eastern International and the Offering. These documents are available free of charge on the SEC’s website at . Additionally, electronic versions of the prospectus related to the Offering can be acquired from Maxim Group LLC at 300 Park Avenue, 16th Floor, New York, NY 10022, by calling +1 (212) 895-3500, or via email at .
This press release serves solely for informational purposes and does not represent an offer to sell or a solicitation to buy any securities. Furthermore, no sale of these securities will occur in any state or jurisdiction where such an offer, solicitation, or sale would be illegal without prior registration or qualification under the local securities laws.
About Eastern International Ltd.
Eastern International Ltd. (NASDAQ: ELOG), a holding company incorporated in the Cayman Islands, delivers professional domestic and cross-border logistics services, including project and general logistics, to its clients. These services are provided through its wholly owned subsidiary, Suzhou TC-Link Logistics Co., Ltd. (“Suzhou TC-Link”). Established on January 9, 2006, in Jiangsu Province, China, Suzhou TC-Link holds the internationally recognized ISO9001 high-quality service certificate (2015 standard). It operates with 4 wholly owned subsidiaries, 5 warehouses/logistic centers, and 3 branch offices of its subsidiaries across China. Suzhou TC-Link’s operational footprint extends across major cities in mainland China, Hong Kong, Southeast Asia, and Central Asia.
FORWARD-LOOKING STATEMENTS
Statements within this press release that pertain to future expectations, plans, and potential, along with any declarations concerning non-historical facts, are considered “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. These statements inherently carry known and unknown risks and uncertainties. They are grounded in the Company’s present expectations and forecasts concerning future occurrences that could influence its financial health, operational outcomes, business approach, and funding requirements. Terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and similar phrases are typically used to identify forward-looking statements, though not every such statement will include these identifiers. Actual outcomes may diverge significantly from those suggested by these forward-looking statements due to various key factors, including market condition uncertainties and other elements detailed in the “Risk Factors” section of the final prospectus submitted to the SEC. Consequently, investors are advised against placing undue reliance on any forward-looking statements in this document. All forward-looking statements herein are valid only as of the date of this release, and Eastern International expressly disavows any commitment to revise or update any forward-looking statement, whether due to new information, future events, or other circumstances, unless legally mandated.
Contacts:
Eastern International Ltd.
Mr. Lin Tan
Tel:+86 0571-82356096
Email: