$PETZ

TDH Holdings focuses on commercial real estate management, conducting operations principally in the United States and China through subsidiaries. It acquires, leases and manages commercial properties and earns rental income under lease agreements with commercial clients. Its properties are concentrated in Missouri and Beijing, China. As of December 31, 2025, it owned one property and held leasehold interests in 42 commercial properties that it subleases, consisting of one owned restaurant and 42 subleased office workplaces. The company obtains tenants through referrals, staff marketing and advertising on radio, media, online platforms and its website. It previously operated in pet food and restaurant food service, but discontinued its restaurant business segment during the second quarter of 2024 and now focuses on commercial real estate management. TDH Holdings is a British Virgin Islands holding company with no operations of its own and is headquartered in Beijing, China.