ALE Group Holding Ltd Files 2024 Annual Report

TL;DR

ALE Group Holding Ltd dropped its 2024 20-F, check it for the latest on their consulting biz.

AI Summary

ALE Group Holding Ltd filed its annual report on Form 20-F for the fiscal year ended March 31, 2024. The company, incorporated in the British Virgin Islands, operates in management consulting services and is headquartered in Kowloon, Hong Kong. The filing provides an update on the company's operations and financial status.

Why It Matters

This filing provides investors and stakeholders with the latest official information on ALE Group Holding Ltd's performance and financial health for the fiscal year ending March 31, 2024.

Risk Assessment

Risk Level: medium — As a foreign private issuer filing a 20-F, the company's reporting standards and regulatory oversight may differ from domestic US companies, introducing a layer of risk.

Key Numbers

• 2024 — Filing Year (Annual Report for the fiscal year ended March 31, 2024)
• 0331 — Fiscal Year End Month/Day (Indicates the end of the reporting period.)

Key Players & Entities

• ALE Group Holding Ltd (company) — Registrant
• 0001213900-24-063103 (filing_id) — Accession Number
• March 31, 2024 (date) — Fiscal Year End
• 852 3620 2688 (phone_number) — Business Phone
• British Virgin Islands (location) — Jurisdiction of Incorporation
• Kowloon (location) — City

FAQ

Key Financial Figures

• $0.00052083 — the Act: Ordinary Shares, par value US$0.00052083 per share (Title of Class) The numbe
• $ — purposes of this annual report only; "$," "dollars," "US$" or "U.S. dollars" ar
• $4.00 — n assumed public offering price between $4.00 and $6.00, pursuant to a post-effective
• $6 — public offering price between $4.00 and $6.00, pursuant to a post-effective amendm
• $1.00 — dollars are calculated at the rate of US$1.00=HKD 7.8259 as of and for the year ended
• $0.05 — he 2023 Special Dividend of HKD 0.41 (US$0.05) per share, in an amount of HKD 7,830,8
• $1,000,000 — share, in an amount of HKD 7,830,800 (US$1,000,000) dividend to its shareholders. The 2023
• $89,172 — idend was paid in three installments: US$89,172 on January 11, 2024, US$740,000 on Janu
• $740,000 — ments: US$89,172 on January 11, 2024, US$740,000 on January 16, 2024 and US$170,828 on J
• $170,828 — 4, US$740,000 on January 16, 2024 and US$170,828 on January 17, 2024. On April 1, 2020,

Filing Documents

• ea0209038-20f_alegroup.htm (20-F) — 1546KB
• ea020903801ex11-2_alegroup.htm (EX-11.2) — 178KB
• ea020903801ex12-1_alegroup.htm (EX-12.1) — 10KB
• ea020903801ex12-2_alegroup.htm (EX-12.2) — 10KB
• ea020903801ex13-1_alegroup.htm (EX-13.1) — 4KB
• ea020903801ex99-1_alegroup.htm (EX-99.1) — 6KB
• image_001.jpg (GRAPHIC) — 61KB
• image_002.jpg (GRAPHIC) — 35KB
• image_003.jpg (GRAPHIC) — 6KB
• ex99-1_001.jpg (GRAPHIC) — 3KB
• ex99-1_002.jpg (GRAPHIC) — 9KB
• 0001213900-24-063103.txt ( ) — 6523KB
• aleg-20240331.xsd (EX-101.SCH) — 55KB
• aleg-20240331_cal.xml (EX-101.CAL) — 43KB
• aleg-20240331_def.xml (EX-101.DEF) — 223KB
• aleg-20240331_lab.xml (EX-101.LAB) — 399KB
• aleg-20240331_pre.xml (EX-101.PRE) — 222KB
• ea0209038-20f_alegroup_htm.xml (XML) — 690KB

Quantitative And Qualitative Disclosures About Market Risk

Quantitative And Qualitative Disclosures About Market Risk 87 Item 12.

Description Of Securities Other Than Equity Securities

Description Of Securities Other Than Equity Securities 87 PART II 88 Item 13. Defaults, Dividend Arrearages And Delinquencies 88 Item 14. Material Modifications To The Rights Of Security Holders And Use Of Proceeds 88 Item 15.

Controls And Procedures

Controls And Procedures 88 Item 16. [Reserved] 89 Item 16A. Audit Committee Financial Expert 89 Item 16B. Code Of Ethics 89 Item 16C. Principal Accountant Fees and Services 90 Item 16D. Exemptions From The Listing Standards For Audit Committees 90 Item 16E. Purchases Of Equity Securities By The Issuer And Affiliated Purchasers 90 Item 16F. Change In Registrant's Certifying Accountant 90 Item 16G. Corporate Governance 91 Item 16H. Mine Safety Disclosure 91 Item 16I Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 91 Item 16J Insider Trading Policies 91 Item 16K Cybersecurity 91 PART III 92 Item 17.

Financial Statements

Financial Statements 92 Item 18.

Financial Statements

Financial Statements 92 Item 19. Exhibits 92 i PART I INTRODUCTORY NOTES Unless otherwise indicated or the context requires otherwise, references in this annual report to: "ALECS" are to ALE Corporate Services Ltd., a Hong Kong Company incorporated on June 30, 2014 and a wholly-owned subsidiary of BVI Sub; "Amended and Restated Charter" are to the current governing amended and restated memorandum of and articles of association of ALE; "BVI" are to the "British Virgin Islands;" "BVI Act" are to the BVI Business Companies Act (as amended); "BVI Sub" are to ALE (BVI) Limited, a British Virgin Islands company incorporated on February 20, 2020 and a wholly-owned subsidiary of the Company; "China" or the "PRC" are to the People's Republic of China, including Taiwan and the special administrative regions of Hong Kong and Macau for the purposes of this annual report only; "$," "dollars," "US$" or "U.S. dollars" are to the legal currency of the United States; and "HKD" or "HK Dollar" are to the legal currency of Hong Kong; "Hong Kong" are to the Hong Kong Special Administrative Region of the People's Republic of China for the purposes of this annual report only; "mainland China" are to the mainland China of the People's Republic of China, excluding Taiwan and the special administrative regions of Hong Kong and Macau for the purposes of this annual report only; "Proposed IPO" are to the proposed initial public offering of ALE Group Holding Limited's 1,250,000 Ordinary Shares at an assumed public offering price between $4.00 and $6.00, pursuant to a post-effective amendment on Form F-1 (File No. 333-239225); "shares" or "Ordinary Shares" are to the ordinary shares of ALE Group Holding Limited, par value $0.00052083 per share; "U.S. GAAP" are to generally accepted accounting principles in the United States; and "we", "us", the "Company" or "ALE" in this annual report are to ALE Group Holding Limited, a British Virgin Islands company incorpo

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This annual report contains forward-looking statements, all of which are subject to risks and uncertainties. Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. You can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions in this annual report. These statements are likely to address our growth strategy, financial results and product and development programs. You must carefully consider any such statements and should understand that many factors could cause actual results to differ from our forward-looking statements. These factors may include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially. Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to: future financial and operating results, including revenues, income, expenditures, cash balances and other financial items; our ability to execute our growth, expansion and acquisition strategies, including our ability to meet our goals; current and future economic and political conditions; our expectations regarding demand for and market acceptance of our services and the products and services we assist the distributions of; our expectations regarding our client base; our ability to procure the applicable regulatory licenses in the relevant jurisdictions that we operate in; competition in our industry; relevant government policies and regulations relating to our industry; our capital requi

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not Applicable.

OFFER STATISTICS AND EXPECTED TIMETABLE

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not Applicable.

KEY INFORMATION

ITEM 3. KEY INFORMATION We are a holding company incorporated in the British Virgin Islands, or "BVI". As a holding company with no material operations, our operations were conducted by our subsidiary, ALE Corporate Services Ltd., or "ALECS," in Hong Kong. ALECS faces various legal and operational risks and uncertainties relating to its operations in Hong Kong. Although we have three clients who are mainland Chinese individuals, our current corporate structure does not contain any variable interest entity (the "VIE") in mainland China and neither we nor ALECS have any intention establishing any VIEs in mainland China in the future. If in the future there is any significant change to the current political arrangements between mainland China and Hong Kong and mainland China's expanded authority in Hong Kong results in the PRC regulatory authorities disallowing our current corporate structure, or if in the future our structure were to contain a VIE and the mainland PRC regulatory authorities expand to Hong Kong and disallow the VIE structure, it would likely result in a material adverse change in our operations, and the value of our securities may decline significantly in value or become worthless. All of our operations are conducted by ALECS in Hong Kong. Although currently we do not have any business operations in mainland China nor do we have any VIE structure and we believe that the laws and regulations of the PRC applicable in China do not currently have any material impact on our business, financial condition or results of operations, we face risks and uncertainties associated with the complex and evolving PRC laws and regulations and as to whether and how the recent PRC government statements and regulatory developments, such as those relating to VIE, data and cyberspace security, and anti-monopoly concerns, would be applicable to a company such as ALE or ALECS given our substantial operations in Hong Kong and the Chinese government's significant oversight aut

View Full Filing

View this 20-F filing on SEC EDGAR