OTC: YSGL

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Description
of Business

Yellowstone
Group Ltd is headquartered in Sydney, Australia. We provide financial consulting services to small Australian and New Zealand companies
with limited resource.

Yellowstone
Group Ltd operates on a service-based business model designed to meet the financial reporting needs of small companies with limited resources
and annual turnover of less than $1 million USD. The Company primarily serves Australian and New Zealand companies listed or seeking
to list on the U.S. OTC markets, offering specialized financial consulting services under annual service agreements.

Under
these agreements, Yellowstone Group Ltd provides the following services:

1.
Three
Quarterly Financial Statements and Reports:

Each
quarter, the Company prepares detailed financial statements and reports that accurately reflect its clients’ financial performance
and position. These reports are crafted to meet the stringent requirements of the U.S. Securities and Exchange Commission (SEC) and the
U.S. OTC markets, ensuring full regulatory compliance and transparency for investors.

2.
One
Annual Financial Statement and Report:

At
the close of each fiscal year, Yellowstone Group Ltd delivers a comprehensive annual report, including financial statements and required
disclosures such as Management’s Discussion and Analysis. This report is fully compliant with SEC regulations and the requirements
of the U.S. OTC markets, and it provides a complete overview of the company’s financial performance for the year.

To
date, we have entered into an annual service agreement with one of our three clients. With our other client, we have entered into separate
one-off service agreements on a quarterly basis rather than a single annual agreement. These quarterly agreements define the scope of
services to be performed and the fees payable for each period.

We
do not provide audited financial statements or audit reports. Our services are limited to the preparation of unaudited management accounts
to assist our clients with their periodic reporting needs. Independent, PCAOB-registered accounting firms engaged by our clients are
responsible for auditing these financial statements and issuing any audit opinions required for SEC filings.

This
business model is designed to address the unique challenges faced by small companies with limited resources. By partnering with Yellowstone
Group Ltd, clients gain access to expert support in navigating the complexities of SEC compliance and financial reporting, allowing them
to focus on their core operations while ensuring adherence to regulatory standards.

For
Yellowstone Group Ltd, this approach ensures predictable revenue streams through recurring annual service agreements and fosters strong,
long-term client relationships. By specializing exclusively in the preparation of annual and quarterly financial statements and reports
for small companies, the Company has established itself as a trusted partner for businesses aiming to succeed in the competitive U.S.
OTC markets.

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Pricing

Yellowstone
Group Ltd provides its financial consulting services through an annual service agreement that includes the preparation of financial statements
and reports. The pricing structure is as follows:

●
Quarterly
Financial Statements and Reports:

$5,000
USD per report.

Three
reports per year, totaling $15,000 USD.

●
Annual
Financial Statement and Report:

$7,000
USD per report.

●
Total
Cost:

Combined,
the total cost for the annual service agreement is $22,000 USD per client.

This
straightforward pricing plan ensures clients receive comprehensive, high-quality financial reporting services that align with the stringent
regulatory standards of the U.S. OTC markets.

Marketing

Yellowstone
Group Ltd recognizes that word-of-mouth is a particularly effective marketing tool in the financial consulting industry. The Company
is committed to maintaining and enhancing client satisfaction to strengthen its referral network and drive organic growth through positive
client experiences.

The
Company also intends to increase its marketing efforts by leveraging the personal networks and industry association channels of its President.
While specific channels have not yet been fully identified, the President plays a key role in expanding the Company’s reach by
utilizing professional connections, social networks, and referrals from existing clients.

Additionally,
we plan to bolster our professional reputation and image by showcasing our knowledge and industry expertise through marketing campaigns
across various media platforms, including our website at www.yellowstones.net. We also intend to launch a social media campaign utilizing
Blogs, Twitter, Facebook, and LinkedIn. A targeted campaign will focus on small companies with limited resources and annual turnover
of less than $1 million USD. At this point in time, we cannot state with certainty when we will commence the aforementioned marketing
activities.

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Industry
Competition

The
financial consulting industry is highly competitive, with firms ranging from large, multinational organizations to smaller, specialized
consulting companies. Within this industry, competition is driven by factors such as pricing, expertise, service quality, client relationships,
and the ability to navigate complex regulatory environments.

Yellowstone
Group Ltd operates within a niche segment of the financial consulting industry, focusing exclusively on small Australian and New Zealand
companies with limited resources and an annual turnover of less than $1 million USD that are listed or seeking to list on the U.S. OTC
markets. This specialization allows the Company to differentiate itself by offering tailored services, including the preparation of annual
and quarterly financial statements and reports, which are specifically designed to meet the stringent regulatory requirements of the
U.S. Securities and Exchange Commission (SEC) and the U.S. OTC markets.

The
Company faces competition from various sources, including:

●
Large
Multinational Consulting Firms: These firms offer a broad range of financial consulting services and often cater to a wide client
base, including larger companies. While they may possess extensive resources and brand recognition, their services may not be as
cost-effective or specialized for small businesses.

●
Regional
and Boutique Consulting Firms: Smaller firms operating in Australia and New Zealand may compete directly with Yellowstone Group
Ltd by offering similar financial consulting services. These firms often rely on personalized client relationships and local market
knowledge to attract business.

●
In-House
Teams: Some small companies may choose to handle financial reporting internally, often relying on existing staff or hiring specialized
personnel. However, this approach may not be cost-effective or efficient for companies that lack sufficient resources or expertise
in complying with SEC regulations and U.S. OTC market requirements.

Despite
the competitive landscape, Yellowstone Group Ltd leverages its deep understanding of the unique needs of small businesses, its expertise
in U.S. OTC market compliance, and its commitment to high-quality service to maintain a competitive edge. By focusing on its niche and
delivering exceptional value to its clients, the Company is well-positioned to compete effectively in this specialized segment of the
financial consulting industry.

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Employees

As
of March 31, 2026, we have two employees including our CEO and sole director, Ms. Jianing Yang. Currently, Ms. Yang has the flexibility
to work on our business up to 20 hours per week, but is prepared to devote more time if necessary. The Company continues to operate as
described in the S-1/A, delivering financial consulting services, and will hire the third employee if revenues and resources increase
in 2026. This ensures prudent capital use while maintaining active operations and pursuing growth.

Government
Regulations

Yellowstone
Group Ltd solely provides financial consulting services and does not engage in the distribution of financial products, such as insurance
or investment products. To the best of our knowledge, we are not required to obtain any specific licenses beyond standard business registration
licenses in the jurisdictions where we intend to operate.

We
are committed to complying with all applicable laws and regulations in the regions where we conduct business. Should regulatory requirements
change or new licensing obligations arise in the future, Yellowstone Group Ltd will take the necessary steps to ensure full compliance.

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