COMP <GO>

AMBO vs ZCMD // EV/EBITDA & P/E VALUATION

Ambow Education Holding Ltd. American Depository Shares (each representing twenty (20) ) (Class A) (NYSE) VS. Zhongchao Inc. (Class A) (NASDAQ) • 15-METRIC TALLY: AMBO 6 — ZCMD 3

■ METRIC PARITY

AMBO — Ambow Education Holding Ltd. American Depository Shares (each representing twenty (20) ) (Class A) ROARABLE D • RQD 44/100

LAST: $1.55 (0.00%) • MKT CAP: $4.4M

DES <GO> FA <GO> 10-K RED <GO>

valuation

10.1x

ZCMD — Zhongchao Inc. (Class A) ROARABLE D • RQD 47/100

LAST: $1.10 (-0.90%) • MKT CAP: $4.9M

DES <GO> FA <GO> 10-K RED <GO>

valuation

—

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (AMBO VS. ZCMD) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	AMBO	ZCMD	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	54.80%	45.00%	+9.80	AMBO	/gross-margins <GO>
Return on Invested Capital (ROIC)	0.90%	-35.00%	+35.90	AMBO	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	10.1x	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	-10.44%	17.32%	-27.76	ZCMD	/fcf-yield <GO>
Operating Margin	1.20%	-54.40%	+55.60	AMBO	/operating-margins <GO>
Net Profit Margin	14.40%	-55.50%	+69.90	AMBO	/net-margins <GO>
Revenue Growth (YoY)	0.80%	-28.30%	+29.10	AMBO	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	1.46	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	5/9	+1.00	AMBO	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	26.9	28.4	-1.51	ZCMD	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$4.4M	$4.9M	-$446.6K	ZCMD	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	AMBO REV	ZCMD REV	AMBO GROSS %	ZCMD GROSS %	AMBO FCF	ZCMD FCF
FY 2025	$9.5M	$11.4M	54.8%	45.0%	-$463.0K	$845.4K
FY 2024	$9.4M	$15.9M	53.1%	56.2%	$435.0K	-$1.5M
FY 2023	$9.2M	$19.4M	—	—	—	$54.2K

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

AMBO // BETA —

ZCMD // BETA —