Alpha Technology Group Ltd Files 2024 Annual Report

Ticker: ATGL · Form: 20-F · Filed: Jan 27, 2025 · CIK: 1967621

Sentiment: neutral

Topics: annual-report, 20-f, sec-filing

TL;DR

Alpha Tech Group filed its 2024 20-F. All systems go.

AI Summary

Alpha Technology Group Ltd filed its annual report on Form 20-F for the fiscal year ended September 30, 2024. The company, incorporated in K3 and headquartered in Hong Kong, operates in computer programming services. This filing serves as an annual report under the Securities Exchange Act of 1934.

Why It Matters

This filing provides investors and the public with a comprehensive overview of Alpha Technology Group Ltd's performance and operations for the fiscal year 2024.

Risk Assessment

Risk Level: low — This is a standard annual report filing with no immediate red flags or significant new disclosures.

Key Numbers

Key Players & Entities

FAQ

What is the primary business of Alpha Technology Group Ltd?

Alpha Technology Group Ltd is primarily engaged in Services-Computer Programming Services, as indicated by its SIC code 7371.

What period does this 20-F filing cover?

This 20-F filing covers the fiscal year ended September 30, 2024.

Where is Alpha Technology Group Ltd headquartered?

Alpha Technology Group Ltd is headquartered in Hong Kong, with its business address listed as Unit B, 12/F, 52 Hung To Road Kwun Tong, Kowloon, Hong Kong.

What is the SEC file number for Alpha Technology Group Ltd?

The SEC file number for Alpha Technology Group Ltd is 001-41847.

What type of filing is this document?

This document is an Annual Report filed on Form 20-F, as indicated by the filing type and the 'ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934' section.

Filing Stats: 4,591 words · 18 min read · ~15 pages · Grade level 13.4 · Accepted 2025-01-27 16:30:37

Key Financial Figures

Filing Documents

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 110 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 110 PART II 111 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 111 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 111 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 112 ITEM 16. [RESERVED] 112 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 112 ITEM 16B. CODE OF ETHICS 112 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 112 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 113 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 113 ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 113 ITEM 16G. CORPORATE GOVERNANCE 113 ITEM 16H. MINE SAFETY DISCLOSURE 113 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 113 ITEM 16J. INSIDER TRADING POLICIES 113 ITEM 16K. Cybersecurity 114 PART III 115 ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 115 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 115 ITEM 19. EXHIBITS 115 i INTRODUCTION In this annual report on Form 20-F, unless the context otherwise requires, references to: "Alpha," "our Company" and the "Company" are to Alpha Technology Group Limited, the holding company of our businesses; "AI" are to artificial intelligence; "BVI" are to the British Virgin Islands; "CAGR" are to the compounded annual growth rate, representing the year-on-year growth rate over a specific period of time; "China" or the "PRC" are to the People's Republic of China; "Class A Ordinary Shares" are to the Class A ordinary shares of Alpha Technology Group Limited, par value US$0.0001 per share; "Class B Ordinary Shares" are to the Class B ordinary shares of Alpha Technology Group Limited, par value US$0.0001 per share; "Exchange Act" are to the Securities Exchange Act of 1934, as amended; "F&S Report" are to the industry report on the overview of the industry in which our Company operates, which details are included in the registration statement on Form F-1(File Number 333-273289); "Hong Kong dollar(s)" or "HK$" 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; "Hong Kong Stock Exchange" are to The Stock Exchange of Hong Kong Limited; "Memorandum and Articles of Association" are to the amended and restated memorandum and articles of association of Alpha adopted on November 4, 2024 with effect from December 3, 2024; "NSL" are to Neural Sense Limited, one of Alpha's operating subsidiaries in Hong Kong; "Operating Subsidiaries" are to Techlution and NSL; "Ordinary Shares" are to the Class A and Class B ordinary shares of Alpha Technology Group Limited, par value US$0.0001 per share; "Predecessor" are to NSL and Techlution; "PRC" and "Mainland China" are to the People's Republic of China; "PRC government" are to the government and governm

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This annual report contains forward-looking statements that reflect our current expectations and views of future events. The forward-looking statements are contained principally in "Item 3. Key Information—D. Risk Factors," "Item 4. Information on the Company—B. Business Overview," and "Item 5. Operating and Financial Review and Prospects." These forward-looking statements are made under the "safe-harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Known and unknown risks, uncertainties and other factors, including those listed under "Item 3. Key Information—D. Risk Factors," may cause our actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking statements. The words "may," "might," "will," "could," "would," "should," "expect," "intend," "plan," "goal," "objective," "anticipate," "believe," "estimate," "predict," "potential," "continue" and "ongoing," or the negative of these terms, similar expressions or other comparable terminology intended to identify statements about the future. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy, and financial needs. These forward-looking statements include statements relating to: our goals and growth strategies our future business development, financial condition and results of operation; our expectations regarding demand for and market acceptance of our services; our expectations regarding our relationships with our investors and borrowers; competition in our industry; relevant government policies, laws and regulations relating to our industry; continued market acceptance of our services and products; protection of our intellectual property rights; changes in the laws that affect our operations; fluctuations in operating re

IDENTITY OF DIRECTORS, SENIOR

Item 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not applicable.

OFFER STATISTICS AND EXPECTED

Item 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not applicable.

KEY INFORMATION

Item 3. KEY INFORMATION A. [Reserved] B. Capitalization and indebtedness. Not applicable. C. Reasons for the offer and use of proceeds. Not applicable. D. Risk factors. Our business is subject to a number of risks, including risks that may prevent us from achieving our business objectives or may materially and adversely affect our business, financial condition, results of operations, cash flows and prospects that you should consider before making a decision to invest in our Ordinary Shares. These risks include, but are not limited to, the following: Risks related to our business and industry We have a limited operating history. It will be difficult for you to evaluate our current business performance and future prospects and may increase the risks associated with your investment. If our IT solutions contain serious errors, defects, security vulnerabilities or bugs, our business, financial condition and results of operations could be adversely affected. If our Operating Subsidiaries' customers are unable to execute the user acceptance test or are not satisfied with the results therein, our business, financial condition, and results of operations could be adversely affected. We are subject to customer credit risk in collecting accounts receivable. We may not enter into services agreements with customers, and we are thereby vulnerable to risks, in relation to potential contractual disputes which may have a material adverse effect on our business, financial condition and results of operation. If we fail to expand the features and capabilities of our solutions or effectively respond to the rapidly evolving IT solutions market and OCR service market in Hong Kong, our business, financial condition, results of operations and growth prospects would be materially and adversely affected. 1 Our provision of NFT-related services may be subject to a highly evolving regulatory landscape and any changes to laws or regulations could adversely affect our p

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