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As\nfiled with the Securities and Exchange Commission on October 20, 2026.

Registration\nNo. 333-298560

UNITED\nSTATES

SECURITIES\nAND EXCHANGE COMMISSION

Washington,\nD.C. 20549

Amendment No. 1

FORM\nF-1

REGISTRATION\nSTATEMENT

UNDER\n

THE\nSECURITIES ACT OF 1933

HomesToLife\nLtd

(Exact\nname of registrant as specified in its charter)

\n \n \n \n \n \n \n \n \n \n \n \n \n

Cayman\n Islands

5712

Not\n Applicable

(State\n or other jurisdiction of

incorporation\n or organization)

(Primary\n Standard Industrial

Classification\n Code Number)

(IRS.\n Employer

Identification\n Number)

12\nTai Seng Link

GRC\nCentre, #03-01A

Singapore\n534233

+65\n9730 3718

(Address,\nincluding zip code, and telephone number,\nincluding area code, of registrant’s principal executive offices)

Cogency\nGlobal Inc.

122\nEast 42^nd Street, 18^th Floor

New\nYork, NY 10168

(212)\n947-7200

(Name,\naddress, including zip code, and telephone number, including area code, of agent for service)

\n \n \n \n \n \n \n \n \n \n \n

With\n a Copy to:

Henry\n Yin, Esq.

Loeb\n & Loeb LLP

2206-19\n Jardine House

1\n Connaught Place

Central,\n Hong Kong SAR

852-3923-1111

F.\n Holt Goddard, Esq.

Xiaoqin\n “Sherry” Li, Esq.

Loeb\n & Loeb LLP

345\n Park Avenue

New\n York, NY 10154

Phone:\n (212) 407-4000

Fax:\n (212) 407-4990

Man\n Chiu Lee, Esq.

Dentons\n Hong Kong, LLP

3201\n Jardine House

1\n Connaught Place

Central,\n Hong Kong SAR

Phone:\n 852-2523-1819

Fax:\n 852-2868-0069

Ilan\n Katz, Esq.

Ira\n Kotel, Esq.

Grant\n Levine, Esq.

Dentons\n US LLP

1221\n Avenue of the Americas

New\n York, NY 10020

Phone:\n (212) 768-6700

Approximate\ndate of commencement of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective.

If\nany of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under\nthe Securities Act of 1933, check the following box. ☒

If\nthis Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act of 1933, check\nthe following box and list the Securities Act registration statement number of the earlier effective registration statement for the same\noffering. ☐

If\nthis Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act of 1933, check the following box and list\nthe Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If\nthis Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act of 1933, check the following box and list\nthe Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate\nby check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.

Emerging\ngrowth company ☒

如果是一家新兴成长公司，请勾选方框，表明发行人已选择不使用根据《证券法》第7(a)(2)(B)条提供的任何新修订的财务会计标准的延长过渡期。 ☐

发行人在此声明，将在必要的情况下于某日或某几日修订本注册声明，以延迟其生效日期，直至发行人提交进一步修订声明，明确说明本注册声明将在根据《1933年证券法》第8(a)条的规定生效，或直至委员会根据上述第8(a)条的规定确定本注册声明生效日期。

本初步招股说明书中的信息不完整，可能会被更改或补充。在向证券交易委员会提交的注册声明生效之前，我们不得出售这些证券。本招股说明书并非出售这些证券的要约，也并非在任何禁止此类要约或出售的司法管辖区征求购买这些证券的要约。

\n \n \n \n \n

初步招股说明书

待完成，日期为2026年10月20日

$\"\"$

HomesToLife\n有限公司

13,000,000 \n普通股

我们正直接向投资者提供最多13,000,000股面值或票面价值为每股0.0001美元的HomesToLife Ltd普通股（“普通股”），HomesToLife Ltd是一家开曼群岛豁免公司（“我们”、“我们”、“我们的”、“我们公司”和“公司”）。在本招股说明书，我们使用了假设的发行价格为每股1.65美元，这是我们的普通股在2026年10月19日纳斯达克资本市场（“纳斯达克”）的收盘价。按此价格，我们的发行将产生最高21,450,000美元的毛收入。普通股的发行价格将由我们与承销商根据定价时的市场状况确定，可能会低于我们普通股当时的市场价格。因此，本初步招股说明书中提到的近期普通股市场价格可能不能代表最终的普通股发行价格。

我们的股价波动较大。自2024年10月2日完成首次公开募股（“IPO”）以来，我们普通股的每日收盘价在每股1.60美元至12.55美元之间波动。我们的普通股在纳斯达克以“HTLM”为代码上市。

我们仅向位于美国以外的投资者以及非美国公民或居民或根据美国法律成立的实体提供普通股。如果您位于美国境内或为美国人士（无论是否位于美国境内），您将不允许在此发行中购买普通股。有关更多信息，请参见“分销计划 – 销售限制”。

我们已通过介绍方式（“介绍”或“拟议上市”）向新加坡交易所证券交易有限公司（“SGX-ST”）的主板申请二次上市，该上市将在我们被纳入SGX-ST的官方名单时获得批准。投资者不应将我们上市及被纳入SGX-ST官方名单视为对本次介绍、我们及其子公司或我们普通股价值的肯定。除非我们与承销商另有约定，本次发行中发行和出售的普通股的初始交易和结算将在由中央存款公司（私人）有限公司（“CDP”）运营的无纸化证券结算系统下进行，CDP是新加坡的清算所和中央存管机构。本次发行中购买股票的投资者只会从其购买股票的注册经销商处获得常规确认书，而该经销商是CDP的存管代理。CDP是DTC的参与者。本次发行的股票将由CDP以账面记录形式持有，作为我们已注册普通股的权益，代表那些直接或通过CDP存管代理间接在CDP开设证券账户的人士。参见“分销计划”。本次发行中购买股票的投资者被视为已代表其有能力根据规则105（Regulation M）的规定接收这些股票。

我们将发行普通股并预计在一次交割中发行。我们预计本次发行将在本次发行开始销售后的一个营业日内完成（在本招股说明书所属的注册声明生效后），并且在我们收到投资者资金后，我们将根据付款交割或收款交割的方式交付与本次发行相关的所有证券。

我们已聘请UOB Kay Hian私人有限公司（“承销商”或“UOBKH”）作为本次发行的独家承销商。

承销商已同意尽最大努力在新加坡向某些机构和合格投资者出售本招股说明书所载的证券。参见“分销计划”。

承销商并未购买或出售我们发行的任何证券，承销商也无需安排购买或出售任何特定数量的证券或金额。我们已同意向承销商支付下表中列明的承销商费用，该费用假设我们售出本招股说明书所载的所有证券。本次发行的交割不以最低发行要求为条件。我们可能只售出本招股说明书所载的普通股中的一部分，这可能会显著减少我们获得的收益。由于没有证券的最低数量或收益金额，投资者可能会处于已投资于我们，但本次发行并未筹集到足够资金以充分满足本招股说明书所述的收益用途的情况。有关与本次发行相关的风险的更多信息，请参见“风险因素”。我们将承担本次发行的所有费用。有关这些安排的更多信息，请参见“分销计划”。

我们是一家在开曼群岛注册的控股公司。作为一家没有运营的控股公司，我们通过我们的运营子公司进行所有运营。本次发行的普通股是开曼群岛注册的控股公司的股份。我们的普通股投资者应意识到，他们可能永远不会直接持有我们子公司的股权利益。

我们是一家“新兴成长公司”和“外国私人发行人”，根据美国联邦证券法律的定义，因此对于本次及未来的文件，我们有资格享受减少的上市公司报告要求。

投资我们的普通股涉及很高的风险。在购买任何普通股之前，您应仔细阅读本招股说明书第14页开始的“风险因素”部分中对投资我们普通股的实质性风险的讨论。

美国证券交易委员会或任何州证券委员会均未批准或否决这些证券，也未确定本招股说明书是否真实或完整。与此相反的任何陈述都是犯罪行为。

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	每普通股	总计
发行价格	$		$
安置代理费用⁽¹⁾	$		$
扣除费用前我们的公司所得	$		$

\n\n

(1)	我们已同意向安置代理支付现金费用，金额等于本次发行中筹集的总毛收益的3.0%，并赔偿安置代理的部分与发行相关的费用。有关安置代理将收到的补偿的描述，请参见“分销计划”。

证券的交付预计将于2026年日前后进行，前提是满足常规交割条件。

独家安置代理

UOB Kay Hian Private Limited

招股说明书日期，2026年。

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	页码
关于本招股说明书	ii
财务信息展示	iii
市场与行业数据	iv
关于前瞻性声明的特别说明	v
招股说明书摘要	1
风险因素	14
募集资金的使用	43
股息政策	44
资本结构	45
稀释	46
主要股东	47
有关收入税的特别考虑	48
民事责任的执行	54
分销计划	55
与本次发行相关的费用	56
法律事项	57
专家	57
您可在何处找到更多信息	58

您应仅依赖本招股说明书中的信息。我们及承销商均未授权任何人向您提供本招股说明书以外的信息。如果有人向您提供不同的或不一致的信息，您不应依赖该信息。我们及承销商在任何不允许提供或销售证券的司法管辖区均不进行证券的销售要约。本招股说明书中的信息仅在本招股说明书封面所示日期准确，无论本招股说明书的交付时间或证券的销售时间如何。自该日期以来，我们的业务、财务状况、经营成果和前景可能已发生变化。

我们及承销商均未采取任何行动，允许在新加坡以外的任何司法管辖区进行本次发行或分发本招股说明书，除非为该目的需要采取行动。在新加坡以外地区获得本招股说明书的人士必须了解并遵守有关我们普通股发行及在新加坡以外地区分发本招股说明书的任何限制。

关于\n本招股说明书

本招股说明书是我们向美国证券交易委员会（SEC）提交的注册声明的一部分。我们及承销商均未授权任何人提供本招股说明书或我们或我们代表编制的任何免费书面招股说明书或我们向您引用的任何其他信息以外的任何信息或作出任何陈述。我们不对其他人可能向您提供的任何其他信息负责，也无法保证其可靠性。本招股说明书仅是出售此处所列股票的要约，但仅在法律允许的情况下进行。我们在任何不允许提供或销售证券的司法管辖区均不进行这些股票的销售要约，或在该人不具备资格进行此类要约或销售的司法管辖区，或向不允许进行此类要约或销售的任何人进行要约或销售。本招股说明书中的信息仅在本招股说明书封面所示日期有效。您不应认为本招股说明书中的信息或任何引用的文件在任何其他日期准确，无论本招股说明书的交付时间或普通股的销售时间如何。自该日期以来，我们的业务、财务状况、经营成果和前景可能已发生变化。

财务信息的呈现\n方式

呈现基础

除非另有说明，本招股说明书内或引用的财务信息均按照美国通用会计准则（\"U.S. GAAP\" 或 \"GAAP\"）编制和呈现。

本招股说明书内或引用的某些金额、百分比和其他数字可能已进行四舍五入调整。因此，某些表格或图表中显示的总计可能不是其前面数字的算术总和，文本中表示为百分比的金额可能不等于 100%，或者在汇总时可能不是前面百分比的算术总和。

我们的财年在每年的12月31日结束。本招股说明书中的财年引用，例如“2025财年”，指的是该日历年的财年结束于12月31日。

以美元表示的财务信息

以除功能货币以外的货币计价的交易，按照交易日期的汇率折算为功能货币。以除功能货币以外的货币计价的货币性资产和负债，按照资产负债表日适用的汇率折算为功能货币。由此产生的汇兑差额记录在合并和合并损益表及综合收益表中。

公司的报告货币为美元（“US$”），附带的合并和合并财务报表以美元表示。公司在新加坡的主要运营子公司以美元（US$）记录其账簿和记录，除了HomesToLife Pte Ltd，其账簿以新加坡元（“SGD”）记录，这是其业务所处经济环境的主要货币。然而，其他在海外运营的运营子公司以各自当地的货币记录其账簿和记录，即澳大利亚元（“AUD”）、欧元（“EUR”）、日元（“JPY”）、韩元（“KRW”）和英镑（“GBP”），每种货币都是该子公司开展业务的经济环境的主要货币。一般来说，为了合并目的，功能货币不是美元的子公司的资产和负债按照《会计准则汇编》（“ASC”）第830-30章《财务报表的折算》（“ASC 830”）的规定，按照资产负债表日的汇率折算为美元。收入和费用按照期间内平均汇率折算。外币子公司的财务报表折算产生的损益作为合并和合并股东权益变动表中累计其他综合收益（损失）的一个单独组成部分进行记录。

本招股说明书中金额已按以下汇率折算为1.00美元：

美元汇率	2023		2024		2025	在 2026年6月30日
期末 SGD:US$1 汇率		1.3193		1.3662		1.2847	1.2937
平均 SGD:US$1 汇率		1.3428		1.3363		1.3056	1.2800
期末 AUD:US$1 汇率		1.4646		1.6168		1.4925	1.4550
平均 AUD:US$1 汇率		1.5051		1.5158		1.5497	1.4337
期末 EUR:US$1 汇率		0.9040		0.9661		0.8511	0.8766
平均 EUR:US$1 汇率		0.9245		0.9242		0.8859	0.8569
期末 JPY:US$1 汇率		141		157		156	162
平均 JPY:US$1 汇率		141		151		150	158
期末 KRW:US$1 汇率		1,291		1,478		1,420	1,528
平均 KRW:US$1 汇率		1,307		1,363		1,399	1,460
期末 GBP:US$1 汇率		0.7847		0.7987		0.7425	0.7553
平均 GBP:US$1 汇率		0.8039		0.7824		0.7573	0.7439

iii

市场
和行业数据

我们在这份招股说明书中的行业、市场和竞争地位数据，来自于我们内部的估算、调查和研究，以及公开信息、行业和通用出版物及研究、第三方进行的调查和研究。行业出版物、研究、调查、研究和预测通常声明其包含的信息是来自被认为可靠的信息来源，但并不保证该信息的准确性和完整性。从这些来源获得的预测和其他前瞻性信息，与本招股说明书中其他前瞻性声明一样，受到相同的条件和不确定性的影响，并且受到各种因素的风险影响，包括“风险因素”中所述的因素。这些和其他因素可能导致实际结果与这些预测和其他前瞻性信息中表达或暗示的结果有重大差异。

关于前瞻性声明的特别说明

本招股说明书包含与我们当前期望和对未来事件的看法相关的前瞻性声明。这些前瞻性声明主要包含在本招股说明书中其他部分中提到的“招股说明书摘要”、“风险因素”和“募集资金的使用”章节，以及通过引用纳入的“管理层讨论与分析财务状况和经营成果”、“行业”和“业务”章节。这些声明涉及已知和未知风险、不确定性和其他因素，包括“风险因素”中列出的因素，这些因素可能导致我们的实际结果、表现或成就与前瞻性声明中表达或暗示的任何未来结果、表现或成就有重大差异。

在某些情况下，这些前瞻性声明可以通过诸如“很可能”、“相信”、“计划”、“预期”、“打算”、“应该”、“寻求”、“估计”、“将”、“旨在”、“可能”、“或许”、“可以”和“预期”等词语或短语来识别，但这些并不是识别此类声明的唯一方式。本文件中所有非历史事实的陈述，包括关于未来财务状况和结果、业务策略、管理层未来运营的计划和目标（包括开发计划和股息）以及关于未来行业增长的陈述，均为前瞻性声明。

这些前瞻性声明受风险、不确定性和假设的影响，其中一些是无法控制的。此外，这些前瞻性声明反映了我们对未来事件的当前看法，并不保证未来的表现。你不应过分依赖前瞻性声明，因为它们涉及已知和未知的风险、不确定性和其他因素，其中一些在某些情况下是无法控制的，可能会对结果产生重大影响。可能导致实际结果与当前预期显著不同的因素包括但不限于本招股说明书中“风险因素”标题下及其他地方列出的因素。如果发生一个或多个此类风险或不确定性，或我们的基本假设被证明是错误的，实际事件或结果可能与前瞻性声明所暗示或预测的有显著差异。没有任何前瞻性声明是未来表现的保证。

前瞻性声明包括但不限于以下内容：

	●	我们的目标和增长策略；

	●	我们未来业务发展、财务状况和经营成果；

	●	我们对服务需求和市场接受度的预期；

	●	我们对与投资者和借款人的关系的预期；

	●	我们行业中的竞争；

	●	与我们行业相关的政府政策、法律和法规；

	●	我们服务和产品的持续市场接受度；

	●	我们知识产权的保护；

	●	影响我们运营的法律变化；

	●	经营结果的波动；

	●	通货膨胀和外汇汇率的波动；

	●	对我们高级管理和关键员工的依赖；

	●	我们继续开发新技术和/或升级现有技术的能力；

	●	我们获得和维持开展业务所需的所有政府认证、批准和/或许可证的能力；

	●	遵守现行和未来政府法规的成本以及任何法规变化对我们运营的影响；

	●	我们业务运营的能力；

	●	一般经济、商业和行业状况的变化；以及

	●	本招股说明书中指出的其他风险和不确定性，包括“风险因素”中所述的内容。

本招股说明书中做出的前瞻性声明仅针对在本招股说明书中作出声明时的事件或信息。除法律要求外，我们不承担在声明作出日期之后，因新信息、未来事件或其他原因而更新或公开修订任何前瞻性声明的义务，也不承担反映未预见事件发生的情况的义务。你应该完整阅读本招股说明书以及我们在本招股说明书中有引用并作为注册声明附件提交的文件，全面理解我们的实际未来结果或表现可能与我们预期的有重大差异。

这份招股说明书还包含我们从各种政府和私人出版物中获得的某些数据和信息。尽管我们认为这些出版物和报告是可靠的，但我们并未独立验证这些数据。这些出版物中的统计数据包括基于若干假设的预测。如果后来发现支撑市场数据的任何一项或多项假设不正确，实际结果可能与基于这些假设的预测不同。

定义

除非上下文另有要求，并且仅限于本招股说明书的目的：

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	●	“1H2026” \n 指的是从2026年1月1日至2026年6月30日的财务期间； \n

	●	“B2B”\n 指的是企业对企业； \n

	●	“CAGR”\n 指的是复合年增长率，表示特定时间段内的年同比增长率；

	●	“公司法”\n 指的是开曼群岛《公司法》（2023年修订版），根据需要不时进行修订、补充或修改；

	●	“公司”，或“HomesToLife Cayman”\n 指的是HomesToLife Ltd，一家根据《公司法》于2024年2月16日在开曼群岛注册成立的有限责任免税公司；

	●	“控股股东”指Phua Yong Pin先生和Phua Yong Tat先生；

	●	“交易所\n 法”指《1934年证券交易法》，根据需要不时进行修订；

	●	“财年”\n 指的是截至或截至12月31日的财政年度；

	●	“GHC”指Golden Hill Capital Pte. Ltd.\n ，一家由Phua Yong Pin先生和Phua Yong Tat先生间接拥有的公司，该公司又直接或间接拥有和/或控制我们的集团以及不构成我们集团一部分的相关方实体；

	●	“GHC集团”指截至本招股说明书日期的GHC及其子公司\n （但不包括我们的集团）；

	●	“集团”，\n “我们”、“我们”或“我们的”指的是我们的公司及其子公司或其中任何一家；在我们的公司成为任何给定子公司的控股公司之前的时期，该术语指的是这些子公司，就好像它们在给定时间是我们的公司的子公司，或它们此后收购或经营的业务\n （包括这些业务由其前身经营的任何时期）；

	●	“HTL\n FE”指HTL Far East Pte. Ltd.\n ，一家于2024年10月28日在新加坡注册成立的公司，是我们公司的间接全资子公司；

	●	“HTL\n 营销”指HTL Marketing Pte. Ltd.\n ，一家于2020年12月23日在新加坡注册成立的公司，是我们公司的直接全资子公司；

	●	“HomesToLife\n 国际”指HomesToLife International Pte. Ltd.\n ，一家于2024年2月22日在新加坡注册成立的公司，是我们公司的直接全资子公司；

	●	“HomesToLife\n 新加坡”指HomesToLife Pte. Ltd.\n ，一家于1989年9月28日在新加坡注册成立的公司，是我们公司的间接全资子公司；

	●	“IRAS”\n 指的是新加坡内陆税收局； \n

	●	“纳斯达克\n 上市规则”指的是纳斯达克的上市规则，根据需要不时进行修订、修改或补充\n ； \n

	●	“普通\n 股”或“股票”指的是HomesToLife Ltd的普通股，每股面值0.0001美元；

	●	“相关期间”指包括2023财年、2024财年、2025财年和2026年上半年的期间，以及自2026年7月1日起至2026年10月9日的期间；

	●	“S$”或“SGD”指新加坡元，新加坡的法定货币；

	●	“SEC”或“证券交易委员会”指美国证券交易委员会；

	●	“证券法”指1933年证券法，经修订；

	●	“证券与期货法”指新加坡2001年证券与期货法，经不时修订、补充或修改； \n

	●	“新加坡公司治理准则”指2018年公司治理准则及相应的操作指南； \n

	●	“新加坡公司法”指新加坡1967年公司法，经不时修订、补充或修改；

	●	“主要股东”指在股份上拥有权益的人，其中该等股份附带的总投票权不少于全部股份附带总投票权的5.0%或以上； \n

	●	“US$”或“美元”指美国的法定货币；以及

	●	“美国”指美利坚合众国。

招股说明书摘要

本摘要突出了本招股说明书中其他地方或通过引用纳入的资料。本摘要可能未包含所有对您可能重要的信息，因此我们敦促您仔细阅读整个招股说明书，包括“风险因素”以及我们合并及综合财务报表及其附注，这些资料已包含在本招股说明书中或通过引用纳入，然后再决定是否投资我们的普通股。本招股说明书包含前瞻性声明，这些声明涉及风险和不确定性。请参阅“关于前瞻性声明的特别说明。”

概况

我们是一家总部位于新加坡的全球家居家具公司。凭借由我们的执行董事（即我们的创始人）建立的50年历史遗产，我们的集团结合了批发分销、消费者零售和采购能力，由覆盖中国、越南和印度的多元化采购和供应商网络支持。

我们的集团通过三个核心业务部门运营：(a) 出口部门，向全球的零售商和经销商等批发客户供应家具；(b) 皮革贸易部门；以及(c) 零售部门，在新加坡和韩国开展直接零售业务。在这三个业务部门中，我们的集团运营一种整合的供应链模式，涵盖产品设计和开发、从制造合作伙伴采购，以及物流和分销渠道的协调。这种运营模式使我们的集团能够高效地将设计转化为可生产的产品，支持品牌和白标产品，并使我们能够在多个市场中提供规模和一致性。

(a)

向全球客户供应家具的出口部门

在我们的出口销售业务中，我们的集团从事向客户进行的家具和箱柜产品的B2B销售，包括但不限于全球的家具零售商和经销商。产品主要以离岸价（FOB）和到岸价条款进行批发销售，包括品牌产品和白牌产品。

(b)

皮革贸易部门

在我们的皮革贸易业务中，我们的集团从全球供应商处采购原皮，并主要出售给关联方皮革厂和其他第三方。这些原皮由皮革厂加工成成品软垫皮革，随后由我们的关联方制造商用于制造软垫家具。皮革贸易业务确保了我们软垫产品高质量皮革的稳定供应，提高了供应链的成本透明度，并促进了集团产品中定制颜色和纹理的提供。

(c)

零售部门，包括在新加坡和韩国的直接零售业务

在我们的零售业务中，我们的集团通过在新加坡和韩国的零售店网络向终端消费者提供皮革和布艺软垫家具、箱柜产品和家居配件。

我们的零售业务主要作为集团软垫家具产品的直接面向消费者的渠道和品牌展示窗口。零售店战略性地设立在具有良好市场潜力或客户需求的区域，考虑了人口密度、居民平均收入水平和可支配支出，以及周边相关贸易组合的存在情况。

我们的零售业务还作为新设计、材料和零售概念的测试平台，提供客户洞察，支持集团的产品开发和商品管理活动。该业务还通过www.homestolife.com的电子商务平台得到补充，提供在线购买和售后支持。

截至2026年6月30日，我们的集团在新加坡运营四家集团所有并直接经营的零售店。在韩国，我们的消费者零售业务包括两家集团所有并直接经营的零售店以及百货商店的专柜。2026年10月，我们的集团在韩国开设了一家新的零售店。

我们的集团产品从中国、越南和印度的关联方制造商处采购，我们的集团认为这些制造商具备规模、成本和运营效率，能够满足集团的供应需求。这得到了集中货运管理、仓储和分销能力的支持，从而实现无缝的端到端服务交付。在整个供应链中，我们的集团保持审计、质量和环境合规标准，以支持一致的执行和运营可靠性。

我们为客户提供从中国、越南和印度工厂提货，到与领先的货运代理共享运输，以及最后一公里配送服务提供商的端到端全球物流解决方案，涵盖货运、报关、保险和运输。

公司历史与结构

我们的公司于2024年2月16日在开曼群岛根据《公司法》注册成立，是一家免税有限公司，具有有限责任，名称为“HomesToLife Ltd”，自2024年10月1日起在纳斯达克上市，股票代码为“HTLM”。我们公司的注册号为407249。我们已授权的股本目前为50,000.00美元，分为5亿股面值为0.0001美元的普通股。

HomesToLife新加坡是我们的一家运营子公司，最初于1989年9月在新加坡注册，名称为“Hwa Tat Lee Leather Pte Ltd”，由三位兄弟，即Phua Yong Pin、Phua Yong Sin和Phua Yong Tat（统称为“Phua兄弟”）创立，是当时由Phua兄弟创立的GHC集团的一部分。在2019年成为HomesToLife Pte. Ltd.之前，它经历了多次名称变更。其业务于2014年从皮革贸易转向家具零售，2018年出售给第三方，随后于2022年重新回到Phua Yong Pin和Phua Yong Tat的受益所有权下。

为准备公司的首次公开募股，我们集团于2024年5月完成了重组（“重组”）。在重组之前，HomesToLife新加坡是New Century International Homes Pte. Ltd.的全资子公司，这是一家在新加坡注册的公司，而该公司本身是Golden Hill Investments的间接全资子公司。

重组后，HomesToLife Cayman直接拥有HomesToLife International，这是HomesToLife Singapore 100%股份的直接控股公司。

随后，我们的股份于2024年9月30日定价，并于2024年10月1日在纳斯达克以“HTLM”代码开始交易。我们的首次公开募股于2024年10月2日完成。

2024年10月28日，我们成立了HTL FE作为HomesToLife International下的第二家运营公司，将我们的业务从新加坡零售扩展到日本和韩国的出口销售。

2025年5月19日，我们以75,000,000股本公司普通股的对价，从New Century International Homes Pte. Ltd.处收购了HTL Marketing及其子公司的100%股权权益，这是一家B2B采购商和优质沙发制造用软垫家具及皮革材料的供应商。此次收购是为实现集团扩大国际业务平台的战略目标，加强产品开发和商品化能力，并在关键市场扩大规模。收购后，我们集团获得了HTL Marketing的国际网络和客户关系，以及位于澳大利亚、法国、日本、韩国和英国的一系列运营子公司的股权。New Century Furniture Pte. Ltd.（“NCFTP”）、HTL France SAS（“HTLF”）、HTL ANZ PTY LTD（“HTLA”）、HTL Korea Co., Ltd.（“HTL Korea”）、Hwa Tat Lee Japan Co., Ltd.（“HTL Japan”）、Terasoh Co., Ltd.（“TCL”）、HTL Taiwan Holding Pte. Ltd.（“HTL TW”）、HTL (UK) Limited（“HTL UK”）于2025年5月19日通过收购HTL Marketing成为公司的全资子公司。

此次收购是集团更广泛的业务发展战略和企业重组举措的一部分。此次收购还通过将HTL Marketing及其子公司整合到本公司下，简化了集团结构，本公司显著扩展了业务，包括向亚太地区、欧洲和北美地区出口软垫家具。

2026年10月，NCFTP在美国加利福尼亚州成立了HomesToLife Inc.（“HomesToLife U.S.”）

公司结构

截至本招股说明书日期，本集团包括本公司及其子公司HomesToLife International、HomesToLife Singapore、HTL FE、HTL Marketing、NCFTP、HTLF、HTLA、HTL Korea、HTL Japan、TCL、HTLTW、HTL UK和HomesToLife U.S.。

下图展示了我们的公司结构，并列明了截至本招股说明书日期的子公司：

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近期发展

竞争优势

我们的董事认为，我们的竞争优势包括以下几点：

我们运营一个整合的产品设计和开发、采购和分销平台

本集团运营一个整合的产品开发、采购和分销平台，涵盖产品设计和开发、皮革皮革的采购、从制造合作伙伴处采购软垫家具，以及协调物流和分销。

本集团的产品设计和开发职能由本公司副主席Phua Yong Tat先生领导，他负责集团的产品开发、产品设计、品牌推广和业务扩展策略。他得到两名位于新加坡的关键设计人员的支持，他们负责整体设计方向并监督设计执行。

本集团的大部分产品设计和开发工作通过一项服务协议外包给GHC集团，根据该协议，本集团为所获得的设计服务支付专业费用。

这种安排使本集团能够利用GHC集团提供的设计资源的规模和深度，同时使我们能够在新加坡保持相对精简的内部设计团队。这有助于开发一个广泛且定期更新的产品组合，包含数百种型号，以满足我们的零售客户，并且我们的出口销售和批发客户可以从其中选择适合其各自市场和客户细分的产品。

本集团还通过中央采购单位协调皮革皮革的采购，并从GHC集团在中国、越南和印度的工厂采购软垫家具。物流、货运、运输和最后一公里配送由第三方服务提供商协调。这种运营模式使本集团能够在客户群中协调产品规格、生产计划和交付要求，同时保留灵活性以应对当地市场要求和客户偏好。

通过我们中央采购部门采购皮革皮革，使集团在确保质量监督和供应链一致性方面具有优势。集团的中央采购部门根据质量、价格、供应能力和交货可靠性来识别、评估和选择原材料皮革供应商，使集团能够对其产品中使用的成品沙发皮革的质量和特性保持更高的控制程度。

通过这个集成平台，集团既支持自有品牌，也支持为批发客户提供的贴牌安排，为不同市场提供可扩展且可量产的产品方案。

我们拥有覆盖全球市场的出口平台，具备快速履行能力

集团已建立一个具有全球市场覆盖能力的批发出口平台，为亚太、欧洲和北美超过30个国家的家具零售商和经销商提供服务。该平台通过B2B合作伙伴扩大产品供应，我们的产品在全球超过5000家零售店销售（包括不由集团直接运营的零售店，如百货商店和其他零售商）。

我们的出口收入从2023财年的3.111亿美元稳步增长至2025财年的3.496亿美元。在2025财年，欧洲占出口收入的约59.7%，亚太地区和北美分别占约26.9%和13.4%。尽管欧洲目前是我们最大的出口市场，但我们在这三个主要地区的存在减少了我们对任何单一国家的依赖，并为产品的分销提供了多种途径。

通过能够提供现成库存和定制订单履行选项，我们的集团进一步实现了差异化。如果海外仓库有库存，选定的现成库存型号在订单确认后可以更快地交付给该国的批发和零售客户，而定制的定制沙发通常在约8至12周内交付给客户。集团的海外仓储能力主要在日本（集团拥有2个仓库）。对于欧洲和其他市场，集团使用第三方物流供应商和货运代理，自身不拥有或租赁任何仓库。集团采用“双重履行模式”，允许集团通过以下方式之一履行订单：(a) 按定制订单从制造设施直接履行；或(b) “快速发货可用性”，即从集团自有仓库（日本）或通过第三方物流安排的现有库存中交付现成库存型号，从而缩短订单下达和货物交付之间的时间。

这种结合定制生产与快速发货的双渠道履行模式，为我们的批发客户提供了灵活性，使其能够规划常规库存补货，同时也能应对紧急或临时订单。这种快速履行能力得到了集团与GHC集团内关联方制造商和皮革加工厂的紧密合作关系的支持，这些工厂保持了部分产品的现成生产能力及成品库存，以支持快速交货的订单。

我们集团与GHC集团内的这些关联方制造商签订了20年的定期制造协议。这些安排支持了供应的连续性，并促进了产品规格、生产排程和质量要求方面的协调。我们认为，这种具备现成库存和定制选项的快速发货能力，增强了我们对批发客户的附加值主张，并提供了显著的竞争优势。

我们已建立了多品牌、白牌和定制化能力，以服务于不同的客户群体

我们集团拥有六个家具品牌的多元化组合：Domicil、Fabbrica、Corium、HomesToLife、RelaxStudio和Gallery，每个品牌都针对不同市场的消费者偏好和价格区间进行定位。这种多品牌策略使我们能够根据各个市场和销售渠道的特点，定制产品和品牌组合。除了以自有品牌分销产品外，我们集团还向批发客户供应白牌产品，这些客户会以自己的品牌销售我们的产品。

我们的批发客户可以从一系列定制选项（包括皮革或布料选择、颜色、配置和尺寸）中进行选择，而无需承担完全定制制造的成本和复杂性，因为我们的关联方制造商可以利用其生产基础设施生产多种规格。这种多品牌和白牌模式使我们集团能够服务于从高端欧洲家具零售商到亚太地区的区域分销商和百货公司运营商的客户，同时保持我们产品线的一致质量标准。

在过去十年或更长时间里，我们建立了HomesToLife、Domicil和Fabbrica品牌，以及我们集团作为高端家具零售商的声誉，提供具有卓越价值的产品。

除此之外，我们还建立了HTL作为批发家具行业中值得信赖和可靠的知名品牌，我们的家具因其高质量而受到认可。因此，许多我们的批发客户，包括运营自有品牌的零售商，都会定期订购我们的批发家具，我们与这些批发客户的销售保持稳定。

我们拥有一支经验丰富的管理团队，拥有深厚的行业关系和市场知识

我们的集团由一支经验丰富的管理团队领导，他们在全球软体家具行业拥有广泛的知识和经验。\n每位董事，我们的主席傅永宾先生和副主席傅永泰先生，在家具行业都有50年的经验。傅永泰先生和傅永宾先生主要负责制定和实施我们的商业策略，并监督我们的运营。傅永泰先生和傅永宾先生得到我们的首席执行官傅美明女士的支持，她拥有超过25年的家具行业经验，并主要负责推动我们的零售和批发运营、品牌发展以及我们集团的组织发展。我们的管理团队在行业中的深度知识使我们的集团多年来能够与我们的批发客户建立并维持长期关系。我们许多主要的批发客户已经与我们的集团保持了相当长时期的采购关系，这反映了我们的管理团队在全球家具市场中建立的信任和可靠性。

我们的管理团队对不同地理市场和客户细分的熟悉，使我们的集团能够监测消费者偏好的变化，识别产品和市场机会，并根据当地需求调整我们的产品供应。该团队监督了我们在新加坡和韩国的零售业务的发展，以及我们的出口销售向亚太、欧洲和北美等关键全球市场的扩展。我们认为，我们的管理团队的行业经验、关系和市场知识将继续支持我们业务的运营和扩展。

我们独特地为零售客户提供一站式购物服务

我们的集团为零售客户提供广泛的软体家具、柜体家具、配件和其他家居装饰产品。除了我们自己的软体家具品牌组合外，我们的柜体家具、配件和互补家具产品都是国际采购的，并由我们精心挑选，以补充我们的软体家具产品。这使客户可以通过我们的零售平台购买多个类别的家具和配件。这也为我们的零售业务提供了交叉销售互补产品的机遇，并满足更广泛的客户需求。

此外，我们定位为豪华家具零售商，我们的销售人员为客户提供显著的增值服务，且不额外收费，以改善客户的购物体验并支持销售转化。例如，我们每家零售店的销售人员都经过培训，能够了解客户的家居偏好，并提供产品选择和空间规划指导。客户可以提供他们偏好的风格、预期用途、可用空间和预算信息，之后我们的销售人员可以根据这些要求推荐适合的产品、配置和互补家具。

结合我们广泛的产品范围和在软体家具方面的经验，这些能力加强了我们在高端家具零售领域的定位。

商业策略和未来计划

我们的目标是加强我们在高端软体家具设计、采购、分销和零售领域的全球领先地位，同时在我们的出口、皮革贸易和零售部门实现可持续增长。展望未来，我们还计划将集团的业务拓展到亚太地区的新市场。我们希望通过以下策略和未来计划来实现这一目标：

强化品牌定位和营销能力

我们的集团正进入品牌驱动扩张的新阶段，重点是制定品牌战略、加强营销能力并协调区域执行，特别是在我们的出口和零售部门。我们集团的六大品牌组合（Domicil、Fabbrica、Corium、HomesToLife、RelaxStudio 和 Gallery）在统一的集团框架下进行管理，以在相关市场和销售渠道中促进品牌一致性、战略一致性和有纪律的执行。这种结构化的品牌架构旨在实现更精准的客户定位，增强整体品牌价值。我们计划采用一致的品牌信息，开发精选的产品系列，并提升零售和贸易营销活动，以加强与消费者和商业伙伴的互动，支持品牌的长期发展。

在企业层面，我们将继续定义总体的品牌定位、产品组合架构和长期品牌发展重点，而区域团队将在集团整体品牌框架的范围内，针对各自市场制定和实施营销方案，重点包括：

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出口：\n 加强品牌可信度和产品定位，并与批发客户和经销商建立长期且可扩展的合作关系。

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零售：\n 提升生活方式定位、消费者参与度以及我们集团品牌组合的可及性。

这种方法旨在确保每个细分市场的价值主张清晰表达，同时共同强化我们集团的全球品牌定位和市场领导地位。在各个细分市场中统一信息、渠道策略和服务标准，可以加强跨细分市场的协同效应，并提高我们营销方案的效果。

对于我们的出口业务，我们计划专注于加强品牌可信度、产品定位，并建立可扩展的合作关系，以支持与批发客户和经销商的长期关系。我们还计划有选择性地参与展会和行业平台，以提高品牌知名度，支持我们的高端产品定位，并通过多个分销渠道扩大市场准入。我们集团计划继续参加领先的国际展会，包括广交会、上海展会和布鲁塞尔展会，以开发和深化贸易关系，提高品牌知名度，并创造长期增长的机会。

对于我们的零售业务，我们计划通过品牌组合专注于生活方式定位、消费者参与和高端可及性。\n在新加坡和韩国，我们计划继续通过社交媒体平台、与关键意见领袖的互动以及内部内容创作来推广我们的品牌，我们认为这更具成本效益，并使我们能够更灵活地应对消费者偏好和市场趋势的变化。我们计划继续承担活动赞助，并参加或举办展览和消费者贸易博览会，以进一步提升我们在目标市场的品牌认知度。

在我们的品牌组合中，品牌Domicil在成熟市场表现强劲，这得益于平均订单价值的上升和富裕的重复购买者之间日益增加的参与度。我们集团计划有选择地扩展销售点，同时优化分销合作伙伴关系，以加强品牌与渠道的协同作用和长期增长。

这些举措旨在加强品牌差异化，扩大全球知名度，并支持我们各业务部门的长期增长。

深化并扩大我们在现有和新市场的出口和批发渠道

我们的出口部门在2025财年占集团收入的92%以上，是我们主要的增长引擎。我们计划通过以下方式加深与核心欧洲、亚太和北美市场现有批发客户的联系：(a) 通过开发针对个别批发客户特定偏好和市场定位的定制产品系列，包括定制选项和白牌能力来扩展产品范围；(b) 通过在各渠道采用统一的品牌定位来保持一致的品牌信息，以强化我们集团对批发合作伙伴的价值主张；(c) 通过为批发客户提供零售商品陈列支持、销售点材料和数字营销资产来增强零售和贸易营销支持；以及(d) 有选择地参加贸易博览会，通过在主要国际家具展览（包括广交会、上海展和布鲁塞尔展）上保持活跃的参展状态来展示新产品并加强贸易关系，同时拓展新的批发市场。\n我们集团将软垫家具的批发贸易视为亚太地区的一个增长市场，自2024年以来，我们集团已进入包括日本、韩国、印尼、泰国、台湾、菲律宾、马来西亚和柬埔寨在内的多个市场。我们集团将通过销售合作伙伴、分销网络、业务拓展活动和/或其他市场进入安排，而非通过设立新子公司或分支机构，来拓展这些市场的出口销售。

We\nalso intend to grow our leather trading business by maintaining stable supply relationships with our related party tannery and exploring\nopportunities to expand our network of suppliers for raw leather hide. Our leather trading division plays a strategic role in ensuring\nraw material availability, cost visibility, and the ability to launch new leather specifications for our upholstered furniture products.

Disciplined\ninvestments are also being made in both emerging and established markets, including the continued scaling of our India business following\nour strategic entry in 2020. We sell upholstered furniture to New Century Trading (India) Private Limited, a related party of\nour Group. Collectively, these initiatives reflect a focused and disciplined brand direction with the strengthening of leadership in\ncore markets while capturing scalable growth opportunities across Asia and other high-potential regions.

Strategic\nexpansion of our retail presence in Singapore, South Korea and overseas

We\noperate our own retail stores under the brand name “HomesToLife” by offering a one-stop solution to retail customers to address\ntheir furniture needs. As of the June 30, 2026, we have in operation four retail stores owned by us under our brand name “HomesToLife”\nacross Singapore. Within Singapore, we may open further retail stores in areas with good customer demand and footfall, such as shopping\nmalls. Additionally, we intend to continue refining our showroom formats and product displays. Given the unique design of our flagship\nproducts, such as our sofa recliners that can take up less space when not being used, we are able to maximise the space in our stores\nto display all of our key products for our potential customers to test and evaluate in-store, thus promoting a higher sales conversion\nrate.

In\nSouth Korea, we intend to continue expanding our retail touchpoints through a combination of direct retail stores, department store concessions,\nand pop-up locations. In October 2026, our Group opened a new retail store in South Korea.

We\nalso intend to extend our retail footprint into new markets in the Asia-Pacific region, where we plan to establish the HomesToLife retail\nstore concept in selected cities following the completion of market studies. In addition to our direct-to-consumer business, we will\nalso explore the possibility of selectively pursuing mergers and acquisitions, strategic partnerships and distributorship arrangements\nwith local companies to deepen our connection with local markets. The retail division, while representing approximately 2.4% of our revenue\nin FY2025, serves a strategic function in brand building and consumer insight generation that supports all three business divisions.

Investment\nin design innovation and product development capabilities and collaborating with designers and technology partners

Design\ninnovation and product development are central to our Group’s growth strategy. Our Group has collaborated with international designers\nsince the early 2010s, and has developed a broad portfolio of original product designs, many of which have achieved sustained commercial\nsuccess. Our Group intends to maintain a regular pipeline of new product launches, and to continue introducing new offerings at international\nand regional trade fairs and consumer exhibitions to meet evolving market needs across geographies. We also intend to continue offering\ncustomisation options that allow our wholesale customers and retail partners to tailor selected product specifications and configurations\nwithout the cost or complexity associated with fully bespoke manufacturing. consistent with our Group’s business model of outsourcing\nmanufacturing to the GHC Group rather than establishing and operating its own manufacturing facilities. Specifically: (a) the GHC Group’s\nmanufacturing facilities benefit from economies of scale, established production processes and an experienced workforce, which enables\nthe production of customised upholstered furniture at a lower cost than would be achievable if our Group were to establish its own manufacturing\noperations; (b) by outsourcing manufacturing, our Group avoids the capital expenditure, operational complexity and management resources\nthat would be required to establish and operate its own manufacturing facilities, including investment in plant and equipment, recruitment\nand training of factory workers, and compliance with manufacturing-related regulatory requirements; and (c) this asset-light model is\nnot an unusual approach adopted by other market players in the furniture wholesale distribution and retail industry which outsource manufacturing.

Our\nGroup intends to maintain a regular pipeline of new product launches, which has been achieved by the product design and development strategy\nteam who coordinate the overall design direction, including collaborating with international designers for certain product lines. Our\nGroup also outsources product design and development work to the GHC Group, which mainly relates to design execution. Our Group retains\nthe intellectual property rights to the product designs and development that have been undertaken by the GHC Group, as such product designs\nand development are commissioned by, and performed for, our Group.

In\nconnection with our product innovation strategy, in January 2026, our Group made a strategic acquisition of a 10% equity interest in\nZeica Labs Pte. Ltd. (“Zeica Labs”) for US$1.0 million. Zeica Labs is a Singapore technology company that owns the spatial-audio\nintellectual property and engineering capabilities behind Super X-Fi, a patented audio technology designed to deliver immersive, personalised\nsound experiences. Our Group plans to engage with Zeica Labs as our innovation and technology development partner, working closely with\nit to integrate patented spatial-audio technology into selected upcoming furniture collections. Our Group intends for this collaboration\nto support our broader strategy to develop differentiated, next-generation smart home products that combine our expertise in premium\nupholstered furniture design with embedded technology capabilities. Singapore will serve as the initial testbed for this technology,\nbefore potential rollout into other key markets across our export and retail divisions.

We\nbelieve that the integration of spatial-audio and other smart home technologies into our furniture offerings also has the potential to\ndifferentiate our products from those of competitors, enhance the value proposition for our wholesale export customers and their end-consumers,\nand support premium positioning across our brand portfolio. However, this investment and collaboration are at an early stage, and there\ncan be no assurance that the collaboration will result in commercially viable products, that such products will achieve market acceptance,\nor that the technology will be successfully scaled beyond the initial Singapore pilot.

This\ninvestment reflects our Group’s commitment to leveraging technology-enabled design capabilities to enhance our competitive positioning\nin the global upholstered furniture market. We intend to continue investing in design innovation and product development capabilities\nand collaborating with designers and technology partners to maintain our competitive positioning and respond to evolving consumer preferences\nand market trends.

	●	we are not required to provide\n as many Exchange Act reports, or as frequently, as a domestic public company;

	●	for interim reporting, we\n are permitted to comply solely with our home country requirements, which are less rigorous than the rules that apply to domestic public\n companies;

	●	we are not required to provide\n the same level of disclosure on certain issues, such as executive compensation;

	●	we are exempt from the provisions\n of Regulation FD aimed at preventing issuers from making selective disclosures of material information;

	●	we are not required to comply\n with the sections of the Exchange Act regulating the solicitation of proxies, consents, or authorizations in respect of a security\n registered under the Exchange Act; and

	●	we are not subject to Section 16\n of the Exchange Act establishing insider liability for profits realized from any “short-swing” trading transaction.

	●	may present only two years\n of audited financial statements and only two years of related Management’s Discussion and Analysis of Financial Condition and\n Results of Operations, or “MD&A”;

	●	are not required to provide\n a detailed narrative disclosure discussing our compensation principles, objectives and elements and analyzing how those elements fit\n with our principles and objectives, which is commonly referred to as “compensation discussion and analysis”;

	●	are not required to obtain\n an attestation and report from our auditors on our management’s assessment of our internal control over financial reporting pursuant\n to the Sarbanes-Oxley Act of 2002;

	●	are not required to obtain\n a non-binding advisory vote from our shareholders on executive compensation or golden parachute arrangements (commonly referred to\n as the “say-on-pay,” “say-on frequency” and “say-on-golden-parachute” votes);

	●	are exempt from certain executive\n compensation disclosure provisions requiring a pay-for-performance graph and chief executive officer pay ratio disclosure; and

	●	are eligible to claim longer\n phase-in periods for the adoption of new or revised financial accounting standards under §107 of the JOBS Act

	●	Our\n Directors and Controlling Shareholders have significant control over our Company, which will\n allow them to influence the outcome of matters submitted to Shareholders for approval.

	●	Although\n the Shares will be listed on the Nasdaq and the SGX-ST, there is no assurance that the Shares\n will remain listed on the Nasdaq or that our Shares will remain listed on the SGX-ST.

	●	Transfer\n of Shares between Nasdaq and SGX-ST may affect the liquidity and/or trading price of our\n Shares on either exchange, and the time required for the transfer between SGX-ST and Nasdaq\n might be longer than expected, and investors may experience delays, costs and inability to\n trade during the transfer process.

	●	There\n is no minimum offering amount required as a condition to closing this offering, and we may\n not raise sufficient capital to fund our intended uses of proceeds.

Issuer		HomesToLife\n Ltd

Shares\n Offered by us		Up\n to 13,000,000 Ordinary Shares.

Direct\n Offering		We\n will offer and sell the Ordinary Shares directly to the purchasers. No minimum offering amount is required as a condition to closing\n this offering. We have engaged UOB Kay Hian Private Limited as our exclusive placement agent in connection with this offering. The placement\n agent has no obligation to buy any of the shares from us or to arrange for the purchase or sale of any specific number or dollar\n amount of the shares offered hereby.

Ordinary\n Shares outstanding immediately before this offering		89,687,500\n Ordinary Shares

Ordinary\n Shares outstanding immediately after this offering		102,687,500 \n Ordinary Shares, assuming all 13,000,000 Ordinary Shares offered hereby are issued

Voting\n Rights		Holders\n of Ordinary Shares are entitled to one vote per share.

Listing		Our\n Ordinary Shares are listed on the Nasdaq Capital Market under the symbol “HTLM.”

United\n States Transfer Agent		Transhare\n Corporation

Singapore\n Transfer Agent		Boardroom\n Corporate & Advisory Services Pte. Ltd.

Risk\n Factors		The\n securities offered by this prospectus are speculative and involve a high degree of risk. You should read the “Risk Factors”\n section of this prospectus for a discussion of factors that you should consider carefully before deciding to invest in our Ordinary\n Shares.

Use\n of Proceeds		We\n intend to use the net proceeds to us from this offering as follows: business expansion and for general working\n capital purposes. See “Use of Proceeds” for more information.

Name	Title	To our Group⁽¹⁾			To other companies outside of our Group⁽¹⁾
Mr. Phua Yong Pin	Chairman		10	%		90	%
Mr. Phua Yong Tat	Vice Chairman		30	%		70	%
Ms. Phua Mei Ming⁽²⁾	CEO		80	%		20	%

Description of Use	Estimated Percentage\n of Net Proceeds
Business expansion		80	%
General working capital		20	%
Total		100	%

	●	on an actual basis;

	●	on\n an as adjusted basis to reflect the issuance and sale of 13,000,000 Ordinary Shares in this offering at an assumed offering\n price of US$1.65 per Ordinary Share (the closing price of an Ordinary Share on Nasdaq on October 19, 2026), after deducting placement agent fees and estimated offering expenses payable by us.

	As of June 30,\n 2026
Shareholders’ Equity	Actual			As adjusted
	US$			US$
Ordinary Shares, par value US$0.0001 per share, 500,000,000 Ordinary\n Shares authorized, 89,687,500 Ordinary Shares outstanding on an actual basis, 102,687,500 Ordinary Shares outstanding as adjusted\n basis		8,969			10,269
Additional paid-in capital		37,179,424			57,598,124
Accumulated other comprehensive loss		(12,515,722	)		(12,515,722	)
Retained earnings		3,001,960			3,001,960

Equity attributable to owners of the Company		27,674,631			48,094,631
Non-controlling interest		-			-
Total Equity		27,674,631			48,094,631

Indebtedness
Bank loan		7,263,986			7,263,986
Lease liabilities		7,677,157			7,677,157
Amount due to a director		-			-
Total Indebtedness		14,941,143			14,941,143
Total Capitalization		42,615,774			63,035,774

Assumed offering price per Ordinary Share	US$	1.65
Net tangible book value per Ordinary Share as of June 30, 2026	US$	0.31
As adjusted net tangible book value per Ordinary Share as of June 30, 2026	US$	0.47
Dilution in net tangible book value per Ordinary Share to new investors in the offering	US$	1.18

Total\n assets	US$	145,411,687
Total\n tangible assets	US$	145,411,687
Less:\n Total liabilities	US$	97,317,056
As\n adjusted net tangible book value	US$	48,094,631

	Ordinary Shares purchased		Total\nconsideration		Average price Per share
	Number		Percent		Amount	Percent
Existing shareholders		89,687,500		87.34	%	294,511,324	93.21	%	$	3.28
New investors		13,000,000		12.66	%	21,450,000	6.79	%	$	1.65
Total		102,687,500		100.00	%	315,961,324	100.00	%

	●	each\n of our directors and executive officers who beneficially owns our Ordinary Shares; and

	●	each\n person known to us to own beneficially more than 5% of our Ordinary Shares.

	Shares\n Beneficially Owned Before this Offering	Shares\n Beneficially Owned after this Offering
Name\n of Beneficial Owner ⁽¹⁾	Number	Percentage	Number	Percentage
Directors\n and Executive Officers:
Phua Yong Pin⁽²⁾	42,506,250	47.4	42,506,250	41.4
Phua Yong Tat⁽²⁾	42,506,250	47.4	42,506,250	41.4
Phua Mei Ming	-	-	-	-
Chai Zhengjie “Jeff”	625	*	625	*
Wang Jun	-	-	-	-
Long Ai Ming (Lee Ai Ming)	-	-	-	-
Sophia Dai	-	-	-	-
All directors and executive\n officers as a group (7 persons)	85,013,125	94.8	85,013,125	82.8
5% shareholders:
Golden Hill Capital Ltd⁽²⁾	10,012,500	11.2	10,012,500	9.8
New Century International\n Homes Pte. Ltd. ⁽²⁾	75,000,000	83.6	75,000,000	73.0

	●	banks;

	●	financial institutions;

	●	insurance companies;

	●	regulated investment companies;

	●	real estate investment\n trusts;

	●	broker-dealers;

	●	subchapter S corporations\n and beneficial owners of such entities;

	●	personal holding companies;

	●	taxpayers that elect to\n use a mark-to-market method of accounting for U.S. federal income tax purposes;

	●	U.S. expatriates or former\n long-term residents of the U.S.;

	●	governments or agencies\n or instrumentalities thereof;

	●	tax-exempt entities;

	●	persons liable for alternative\n minimum tax;

	●	persons holding our Ordinary\n Shares as part of a straddle, hedging, conversion or integrated transaction;

	●	persons that actually\n or constructively own 5% or more (by vote or value) of the issued shares of the Company (including by reason of owning our Ordinary\n Shares);

	●	persons who acquired our\n Ordinary Shares pursuant to the exercise of any employee share option or otherwise as compensation;

	●	persons\n holding our Ordinary Shares through partnerships (including entities or arrangements treated as partnerships) for U.S. federal income\n tax purposes or holders of interests therein;

	●	persons\n that hold their Ordinary Shares as part of a straddle, hedge, conversion, constructive sale or other integrated transaction);

	●	persons\n that have a functional currency other than the U.S. dollar;

	●	beneficiaries\n of a Trust holding our Ordinary Shares; or

	●	persons\n holding our Ordinary Shares through a Trust.

	●	an individual who is a\n citizen or resident of the U.S.;

	●	a corporation (or other\n entity taxable as a corporation for U.S. federal income tax purposes) organized under the laws of the U.S., any state thereof or the\n District of Columbia;

	●	an estate whose income\n is subject to U.S. federal income taxation regardless of its source; or

	●	a trust that (1) is subject\n to the primary supervision of a court within the U.S. and the control of one or more U.S. persons for all substantial decisions or\n (2) has a valid election in effect under applicable U.S. Treasury regulations to be treated as a U.S. person.

	●	at least 75% of its gross\n income for such taxable year is passive income; or

	●	at least 50% of the value\n of its assets (based on an average of the quarterly values of the assets during a taxable year) is attributable to assets that produce\n or are held for the production of passive income (the “asset test”).

	●	the excess distribution\n or gain will be allocated ratably over your holding period for the Ordinary Shares;

	●	the amount allocated to\n your current taxable year, and any amount allocated to any of your taxable year(s) prior to the first taxable year in which we were\n a PFIC, will be treated as ordinary income; and

	●	the amount allocated to\n each of your other taxable year(s) will be subject to the highest tax rate in effect for that year and the interest charge generally\n applicable to underpayments of tax will be imposed on the resulting tax attributable to each such year.

	●	recognize\n or enforce against us judgments of courts of the United States based on certain civil liability provisions of U.S. securities laws;\n and
	●	entertain\n original actions brought in each respective jurisdiction against us or our directors or officers predicated upon the securities laws\n of the United States or any state in the United States.

	(a)	is\n given by a foreign court of competent jurisdiction;
	(b)	imposes\n on the judgment debtor a liability to pay a liquidated sum for which the judgment has been given;
	(c)	is\n final;
	(d)	is\n not in respect of taxes, a fine or a penalty;
	(e)	was\n not obtained by fraud; and
	(f)	is\n not of a kind the enforcement of which is contrary to natural justice or the public policy of the Cayman Islands.

	●	may\n not engage in any stabilization activity in connection with our securities; and
	●	may\n not bid for or purchase any of our securities or attempt to induce any person to purchase\n any of our securities, other than as permitted under the Exchange Act, until it has completed\n its participation in the distribution.

Securities and Exchange Commission Registration Fee	US$	2,888
Legal Fees and Expenses	US$	147,078
Accounting Fees and Expenses	US$	14,401
Placement Agent Expenses	US$	170,000
Printing and Engraving Expenses	US$	5,000
Miscellaneous Expenses	US$	47,133
Total Expenses	US$	386,500

	●	our\n Annual Report on Form 20-F for the fiscal year ended December 31, 2025, filed with the SEC\n on March 23, 2026 and amended on June 11, 2026 (the “2025 Form 20-F”);

	●	our\n Current Reports on Form 6-K filed with the SEC on March\n 23, 2026, March\n 27, 2026, April\n 10, 2026, May\n 5, 2026, \n May 29, 2026, September\n 17, 2026 and September 30, 2026; and

	●	the\n description of our Ordinary Shares contained in this prospectus, and in Exhibit\n 2.2 to the 2025 Form 20-F, including any amendments or reports filed for the purposes\n of updating this description.

Name	Number of Shares		Consideration
Golden Hill Capital Ltd		13,250,000		$1,325.00
New Century International Homes Pte Ltd		75,000,000		100% of the issued and outstanding share capital of HTL Marketing Pte. Ltd.

	(1)	For purposes of determining\n any liability under the Securities Act, the information omitted from the form of prospectus filed as part of this registration statement\n in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant under Rule 424(b)(1) or (4) or\n 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.

	(2)	For the purpose of determining\n any liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned\n registrant undertakes to file post-effective amendment to the registration statement to include any financial statements required\n by Item 8.A of Form 20-F at the start of any delayed offering or throughout a continuous offering

	(3)	For the purpose of determining\n any liability under the Securities Act, each post-effective amendment that contains a form of prospectus shall be deemed to be a\n new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be\n deemed to be the initial bona fide offering thereof.

	(4)	For the purpose of determining\n liability under the Securities Act to any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a registration\n statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed\n in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first\n used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the\n registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or\n prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first\n use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration\n statement or made in any such document immediately prior to such date of first use.

	(5)	For the purpose of determining\n any liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned\n registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement,\n regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such\n purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will\n be considered to offer or sell such securities to such purchaser:

	(i)	any preliminary prospectus\n or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

	(ii)	any free writing prospectus\n relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

	(iii)	the portion of any other\n free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities\n provided by or on behalf of the undersigned registrant; and

	(iv)	any other communication\n that is an offer in the offering made by the undersigned registrant to the purchaser.

	HomesToLife\n Ltd

	By:	/s/\n Phua Mei Ming
	Name:	Phua\n Mei Ming
	Title:	Chief\n Executive Officer (Principal Executive Officer)

	By:	/s/\n Chai Zhengjie “Jeff”
	Name:	Chai\n Zhengjie “Jeff”
	Title:	Chief\n Financial Officer (Principal Accounting and Financial Officer)

Signature	Title	Date

/s/\n Phua Mei Ming	Chief\n Executive Officer	October 20, 2026
Phua\n Mei Ming	(Principal\n Executive Officer)

/s/\n Chai Zhengjie “Jeff”	Chief\n Financial Officer	October 20, 2026
Chai\n Zhengjie “Jeff”	(Principal\n Accounting and Financial Officer)

*	Chairman\n and Director	October 20, 2026
Phua\n Yong Pin

*	Vice\n Chairman and Director	October 20, 2026
Phua\n Yong Tat

*	Independent\n Director	October 20, 2026
Wang\n Jun

*	Independent\n Director	October 20, 2026
Long\n Ai Ming (Lee Ai Ming)

*	Independent\n Director	October 20, 2026
Sophia\n Dai

	AUTHORIZED\n U.S. REPRESENTATIVE

		/s/\n Chai Zhengjie “Jeff”
	Name:	Chai Zhengjie “Jeff”

Exhibit No.		Description
1.1^		Form\n of Placement Agreement
3.1†		Second\n Amended and Restated Memorandum and Articles of Association of HomesToLife Ltd (incorporated by reference to Exhibit 1.1 to the Annual\n Report on Form 20-F filed with the SEC on April 7, 2025)
4.1†		Specimen\n Ordinary Share Certificate (incorporated by reference to Exhibit 4.1 to the Registration Statement on Form F-1 filed with the SEC\n on August 22, 2024)
5.1*		Form\n of Opinion of Ogier regarding the validity of\n the ordinary shares being registered
10.1†		Amended\n and Restated Products Supply Agreement dated May 20, 2024 between HomesToLife Pte. Ltd. and HTL Marketing Pte. Ltd. (incorporated\n by reference to Exhibit 10.3 to the Registration Statement on Form F-1 filed with the SEC on August 22, 2024)
10.2†		Amended\n and Restated Exclusive Brand Distribution Agreement dated May 20, 2024 between HomesToLife Pte. Ltd. and HTL Marketing Pte. Ltd.\n (incorporated by reference to Exhibit 10.4 to the Registration Statement on Form F-1 filed with the SEC on August 22, 2024)
10.3†		Employment\n Agreement of Phua Mei Ming, dated August 1, 2024 (incorporated by reference to Exhibit 10.1 to the Registration Statement on Form\n F-1 filed with the SEC on August 22, 2024)
10.4†		Services\n Agreement dated as of May 1, 2026, by and between HomesToLife Ltd and HTL Furniture Inc. (incorporated by reference to Exhibit 10.1\n to the current report on Form 6-K filed with the SEC on May 5, 2026)
10.5†		Form\n of Independent Director Appointment Letter (incorporated by reference to Exhibit 10.5 to the Registration Statement on Form F-1 filed\n with the SEC on August 22, 2024)
10.6†		Form\n of HomesToLife Ltd 2024 Incentive Securities Plan (incorporated by reference to Exhibit 99.2 to the Registration Statement on Form\n F-1 filed with the SEC on August 22, 2024)
10.7†		Contract\n Manufacturing Agreement dated November 1, 2024 between HTL FAR EAST PTE. LTD. and HTL FURNITURE (China) CO., LTD (incorporated by\n reference to Exhibit 4.7 to the Annual Report on Form 20-F filed with the SEC on April 7, 2025)
10.8†		Contract\n Manufacturing Agreement dated January 4, 2021 between HTL MARKETING PTD LTD and HTL FURNITURE (China) CO., LTD (incorporated by reference\n to Exhibit 4.8 to the Annual Report on Form 20-F filed with the SEC on March 23, 2026)
21.1*		List of Subsidiaries
23.1*		Consent of CLA Singapore Assurance PAC (formerly known as CLA Global TS Public Accounting Corporation)
23.2*		Form\n of Consent of Ogier (included in Exhibit 5.1)
24.1†		Power of Attorney
99.1†		Charter\n of the Audit Committee (incorporated by reference to Exhibit 99.2 to the current report on Form 6-K filed with the SEC on October\n 2, 2024)
99.2†		Charter\n of the Compensation Committee (incorporated by reference to Exhibit 99.3 to the current report on Form 6-K filed with the SEC on\n October 2, 2024)
99.3†		Charter\n of the Nominating and Corporate Governance Committee (incorporated by reference to Exhibit 99.4 to the current report on Form 6-K\n filed with the SEC on October 2, 2024)
99.4†		Code of Business Conduct and Ethics
99.5†		Clawback\n Policy (incorporated by reference to Exhibit 99.6 to the Registration Statement on Form F-1 (file No. 333-281693) filed with the\n SEC on August 22, 2024)
99.6†		Insider\n Trading Policy (incorporated by reference to Exhibit 11.3 to the Annual Report on Form 20-F filed with the SEC on April 7, 2025)
99.7†		Whistleblowing Policy
107*		Filing\n Fee table