Northann Corp.

Overview

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• TickerNCL¹
• IndustryPlastics Products, NEC¹
• HeadquartersFort Lawn, South Carolina¹
• Incorporated inNV³
• Business address2251 Catawba River Rd, Fort Lawn, Sc 29714³
• Filer category, Emerging growth company³
• Legal formCorporation

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Our mission is to timely deliver high-quality and affordable products and to continue to actively participate in the further development of the additive manufacturing industry.⁵ From its latest annual report

Corporate structure

Northann Corp. sits at the top of its group. 7 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Northann Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Intangibles and goodwill

Inventory

Properties, in its own words

NCP’s manufacturing facilities are located in Changzhou, Jiangsu Province, China. NCP has the land use right to two pieces of land of a total of 47,500 square meters where our offices and factories for production and research and development are located. Because private individuals or entities are not permitted to own title to the land, we hold the right to use the two pieces of land until 2064 and 2065, respectively. NCP has 97 units of 3D printing equipment in the facilities in China and has the capacity to produce more than 19,800 square meters of vinyl flooring per day. The land use right

, certain plant, research center and office are

Item 2 of the 10-K filed Apr 14, 2026.⁵

Leadership

Who has led Northann Corp., and when. Pick a name to see everywhere that person has worked.

• Chief executive officerFrancois Vachon Aug 28, 2026 to now¹¹
• Chief operating officerKurt W. Winn Oct 31, 2023 to Oct 31, 2023¹²

Named in SEC Form D filings

People the company listed in its private-offering notices.

• Executive Officer, DirectorLin Li named Jun 30, 2023¹⁶

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

• 3D PRINTING DEV, LLC Delaware⁴
• Benchwick Construction Products Co., Limited Hong Kong⁴
• Benchwick LLC Delaware⁴
• Dotfloor, Inc. California⁴
• Northann Building Solutions LLC Delaware⁴
• Northann Distribution Center Inc California⁴

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

1. Oct 7, 20268-K Executive or director change; Other events¹⁷
2. Oct 1, 20268-K Executive or director change¹⁸
3. Aug 31, 20268-K Listing notice or transfer; Change of auditor¹⁹
4. Aug 28, 2026New chief executive Francois Vachon becomes CEO¹¹
5. Aug 24, 20268-K Listing notice or transfer²⁰
6. Aug 24, 20268-K Change of auditor; Earlier financial statements no longer reliable²¹
7. Aug 21, 20268-K Executive or director change²²
8. Aug 10, 20268-K Listing notice or transfer; Change of auditor; Earlier financial statements no longer reliable²³
9. Jun 15, 20268-K Regulation FD disclosure²⁴
10. Mar 2, 20268-K Listing notice or transfer; Other events²⁵
11. Jan 2, 20268-K Other events²⁶
12. Jan 2, 20268-K Shareholder vote²⁷
13. Dec 23, 20258-K Entered a material agreement; Unregistered sale of shares²⁸

Filings

161 filings to the SEC since October 2021: 4 annual reports, 8 quarterly reports, 37 major events, 19 insider forms, 8 large holders, 1 private raises, 84 other. The latest 20:

1. Oct 15, 20263 EDGAR
2. Oct 7, 20268-K EDGAR
3. Oct 1, 20268-K EDGAR
4. Aug 31, 20268-K EDGAR
5. Aug 28, 20263 EDGAR
6. Aug 24, 20268-K/A EDGAR
7. Aug 24, 20268-K EDGAR
8. Aug 21, 20268-K EDGAR
9. Aug 14, 2026NT 10-Q EDGAR
10. Aug 10, 20268-K EDGAR
11. Jun 15, 20268-K EDGAR
12. May 29, 2026S-8 EDGAR
13. May 19, 202610-Q EDGAR
14. May 18, 2026NT 10-Q EDGAR
15. Apr 14, 202610-K EDGAR
16. Mar 31, 2026NT 10-K EDGAR
17. Mar 2, 20268-K EDGAR
18. Jan 5, 2026424B3 EDGAR
19. Jan 2, 20268-K EDGAR
20. Jan 2, 20268-K EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• DFK LtdSCHEDULE 13G, 1 filing Mar 6, 2025²⁹
• Greysking Asset Management LLCSCHEDULE 13G, 1 filing Feb 26, 2025³⁰
• Morningstar Venture Capital LtdSCHEDULE 13G, 1 filing Feb 26, 2025³¹
• Jianqun XuSCHEDULE 13G, 1 filing Feb 21, 2025³²
• Chuntao LiSCHEDULE 13G, 1 filing Feb 20, 2025³³
• Lina SunSCHEDULE 13G, 1 filing Feb 20, 2025³⁴
• Ruiman XuSCHEDULE 13G, 1 filing Feb 20, 2025³⁵
• Lin LiSC 13D, 1 filing Nov 16, 2023³⁶

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

Money raised

Private offerings the company reported to the SEC on Form D.

1. May 12, 2022Raised $500,000 in a private offering of debt Form D: 1 investor so far Form D

SEC filer profile

How Northann Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARNorthann Corp.¹
• CIK0001923780
• Employer ID (EIN)88-1513509⁵
• Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company⁵
• Incorporated inNevada⁵
• Fiscal year endsDecember 31¹
• Industry code (SIC)3089 Plastics Products, NEC¹
• SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance¹
• Business address2251 Catawba River Rd, Fort Lawn, SC 29714¹
• Phone916-573-3803¹
• Shares outstanding53,733,083 Common Stock shares; 625,000 Series A Preferred Stock shares as of Apr 10, 2026⁵
• Public float$12.9M as of Jun 30, 2025⁵
• On EDGAR sinceJul 29, 2022¹
• Filings161 in all: 8-K (35), UPLOAD (13), CORRESP (12), 3 (10), 4 (9), 424B3 (9), 10-Q (8), DRS/A (8)¹
  All 28 form types

  DRSLTR (7), NT 10-Q (7), S-1/A (7), SCHEDULE 13G (7), 10-K (3), NT 10-K (3), S-1 (3), S-8 (3), 8-K/A (2), DEF 14A (2), DEFR14A (2), EFFECT (2), PRE 14A (2), 10-K/A (1), 424B4 (1), 8-A12B (1), CERT (1), D (1), DRS (1), SC 13D (1)

• Latest filingsAnnual report (10-K) Apr 14, 2026
  Quarterly report (10-Q) May 19, 2026
  Proxy statement (DEF 14A) Dec 4, 2025
  Latest 8-K (8-K) Oct 7, 2026

Securities registered for trading

From the cover page of the 10-K filed Apr 14, 2026 (Section 12(b) of the Exchange Act).⁵

Risk factors and legal proceedings

The risks Northann Corp. names in Item 1A of its 10-K filed Apr 14, 2026: 48 risks under these headings, as written.⁵

• Risks Related to Our
• Corporate Structure
• The Company is a holding company and will rely on dividends paid by its subsidiaries for its cash needs. Any limitation on the ability of its subsidiaries to make dividend payments to the Company, or any tax implications of making dividend payments to the Company, could limit the Company’s ability to pay its expenses or pay dividends to holders of its common stock.
• Risks Related to Doing Business in China
• Changes in China’s political, economic or social conditions could have a material adverse effect on our business and operations.
• Uncertainties in the interpretation and enforcement of PRC laws and regulations and changes in policies, rules, and regulations in China, which may be quick with little advance notice, could limit the legal protection available to you and us.
• PRC regulation of parent/subsidiary loans and direct investment by offshore holding companies to PRC entities may delay or prevent us from using the proceeds of offshore offerings to make loans or additional capital contributions to the PRC subsidiaries, which could materially and adversely affect their liquidity and their ability to fund and expand their business.
• You may experience difficulties in effecting service of legal process, enforcing foreign judgments, or bringing actions in China against us or our PRC subsidiaries based on foreign laws. It may also be difficult for you or overseas regulators to conduct investigations or collect evidence within China.
• The PRC government exerts substantial influence over the manner in which our PRC subsidiaries conduct their business activities. The PRC government may also intervene or influence our operations at any time and may exert more control over foreign investment in China-based issuers, which could result in a material change in our PRC subsidiaries’ operations.
• If the Chinese government chooses to exert more oversight and control over offerings that are conducted overseas and/or foreign investment in China-based issuers, such action could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the value of such securities to significantly decline or be worthless.
• Recent greater oversight by the Cyberspace Administration of China (the “CAC”) over data security could adversely impact our business.
• If we and/or our subsidiaries were to be required to obtain any permission or approval from or complete any filing procedure with the China Securities Regulatory Commission (the “CSRC”), the CAC, or other PRC governmental authorities in connection with future follow-on offerings under PRC laws, we and/or our subsidiaries may be fined or subject to other sanctions, and our subsidiaries’ business and our reputation, financial condition, and results of operations may be materially and adversely affected.

Legal proceedings

We may from time to time be subject to various legal or administrative claims and proceedings arising in the ordinary course of our business. As of the date of this Annual Report, expect as described below, we are not a party to, and we are not aware of any threat of, any legal proceeding that, in the opinion of our management, is likely to have a material adverse effect on our business, financial condition or operations, nor have we experienced any incident of non-compliance which, in the opinion of our directors, is likely to materially and adversely affect our business, financial condition or operations.

In May 2022, NCP received two administrative penalty letters from the Changzhou Bureau of Ecology and Environment in connection with certain violations of environmental laws and regulations. During the Changzhou Bureau of Ecology and Environment’s inspection of NCP’s factory in Changzhou, China in February 2022, it was found that a natural gas furnace in NCP’s factory produced exhaust gas and NCP failed to equip exhaust gas treatment facilities and caused exhaust gas to be released into the atmosphere. It was also found that NCP failed to complete the environmental protection inspection before brought the natural gas furnace into operation. It was also found that when extinguishing a fire of the natural gas furnace in the factory in February 2022, NCP failed to take emergency measures and caused waste water to be discharged into storm drain. The Changzhou Bureau of Ecology and Environment requested NCP to pay penalties in the amount of RMB 240,000 (approximately $36,782) for the above violations. NCP paid the amount in full in May 2022. As a result of this incident, the Company has strengthened the enforcement of its pollution control measures.

The opening of Item 3, Legal Proceedings.⁵