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DSC Holdings Ltd. American Depositary Receipt represents ownership interests in DSC Holdings Ltd., a technology company focused on China’s automotive distribution sector. The company provides AI-based digitalization solutions and integrated transaction services tailored to the used car industry, serving used car dealers, auto merchants, original equipment manufacturers, authorized dealers, and new car brokers across China. Through platforms such as DaFengChe, DSC Holdings Ltd. supports core dealer functions including inventory management, customer relationship management, marketing, sales, business analytics, and internal administration, as well as customer engagement tools and storefront systems for automotive brands.

The American Depositary Receipt allows international investors to gain exposure to DSC Holdings Ltd.’s business via dollar-denominated securities while the underlying operations remain primarily in mainland China under a Cayman Islands holding structure. In the broader market, the asset sits within the software infrastructure and IT services segment, reflecting its role as an AI application infrastructure and operating system provider to China’s used car ecosystem. Founded in 2012 and headquartered in Jinhua, Zhejiang Province, DSC Holdings Ltd. today functions as a key digital enabler for automotive commerce in China.