Creative Global Technology Holdings Ltd Files 2024 Annual Report

TL;DR

Creative Global Tech filed its 2024 20-F. All systems go from Hong Kong.

AI Summary

Creative Global Technology Holdings Ltd filed its annual report (Form 20-F) for the fiscal year ended September 30, 2024. The company, incorporated in E9 and headquartered in Hong Kong, operates in the wholesale of computer and peripheral equipment and software. The filing was made on January 30, 2025, under SEC file number 001-42412.

Why It Matters

This filing provides investors with a comprehensive overview of Creative Global Technology Holdings Ltd's financial performance and business operations for the past fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: medium — As a 20-F filing, it represents an annual report for a foreign private issuer, which may involve different regulatory environments and reporting standards compared to domestic US companies.

Key Numbers

• 20240930 — Fiscal Year End (Indicates the period covered by the annual report.)
• 20250130 — Filing Date (The date the annual report was officially submitted to the SEC.)
• 001-42412 — SEC File Number (Unique identifier for the company's filings with the SEC.)

Key Players & Entities

• Creative Global Technology Holdings Ltd (company) — Filer of the 20-F report
• 0001213900-25-008172 (dollar_amount) — Accession Number for the filing
• 20240930 (dollar_amount) — Fiscal year end date
• 20250130 (dollar_amount) — Filing date
• 001-42412 (dollar_amount) — SEC File Number
• Hong Kong (company) — Location of company headquarters

FAQ

Key Financial Figures

• $0.001 — e on which registered Ordinary Shares, $0.001 par value CGTL The Nasdaq Stock Market
• $ — l Administrative Region or Taiwan. "US$," "USD," "$," or "U.S. dollars" refers
• $1 — . dollars at the rate of HKD7.7738 to US$1.00, HKD7.8330 to $1, and HKD7.8217 to $

Filing Documents

• ea0227461-20f_creative.htm (20-F) — 1904KB
• ea022746101ex8-1_creative.htm (EX-8.1) — 3KB
• ea022746101ex11-1_creative.htm (EX-11.1) — 63KB
• ea022746101ex11-2_creative.htm (EX-11.2) — 48KB
• ea022746101ex12-1_creative.htm (EX-12.1) — 10KB
• ea022746101ex12-2_creative.htm (EX-12.2) — 10KB
• ea022746101ex13-1_creative.htm (EX-13.1) — 4KB
• ea022746101ex13-2_creative.htm (EX-13.2) — 4KB
• ea022746101ex15-1_creative.htm (EX-15.1) — 2KB
• ea022746101ex97-1_creative.htm (EX-97.1) — 29KB
• image_001.jpg (GRAPHIC) — 108KB
• image_002.jpg (GRAPHIC) — 408KB
• image_003.jpg (GRAPHIC) — 80KB
• image_004.jpg (GRAPHIC) — 10KB
• ex15-1_001.jpg (GRAPHIC) — 15KB
• 0001213900-25-008172.txt ( ) — 8350KB
• cgtl-20240930.xsd (EX-101.SCH) — 46KB
• cgtl-20240930_cal.xml (EX-101.CAL) — 44KB
• cgtl-20240930_def.xml (EX-101.DEF) — 211KB
• cgtl-20240930_lab.xml (EX-101.LAB) — 340KB
• cgtl-20240930_pre.xml (EX-101.PRE) — 213KB
• ea0227461-20f_creative_htm.xml (XML) — 800KB

Item 18

Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No (APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS) Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes No CREATIVE GLOBAL TECHNOLOGY HOLDINGS LIMITED TABLE OF CONTENTS Page INTRODUCTION ii PART I 1

-Identity of Directors, Senior Management and

ITEM 1-Identity of Directors, Senior Management and Advisers 1

-Offer Statistics and Expected Timetable

ITEM 2-Offer Statistics and Expected Timetable 1

-Key Information

ITEM 3-Key Information 1

-Information on the Company

ITEM 4-Information on the Company 34

-Unresolved Staff Comments

ITEM 4A-Unresolved Staff Comments 50

-Operating and Financial Review and Prospects

ITEM 5-Operating and Financial Review and Prospects 50

-Directors, Senior Management and Employees

ITEM 6-Directors, Senior Management and Employees 59

-Major Shareholders and Related Party Transactions

ITEM 7-Major Shareholders and Related Party Transactions 66

-Financial Information

ITEM 8-Financial Information 67

-The Offer and Listing

ITEM 9-The Offer and Listing 68

-Additional Information

ITEM 10-Additional Information 68

-Quantitative and Qualitative Disclosures about

ITEM 11-Quantitative and Qualitative Disclosures about Market Risk 81

-Description of Securities other than Equity

ITEM 12-Description of Securities other than Equity Securities 81 PART II 82

-Defaults, Dividend Arrearages And Delinquencies

ITEM 13-Defaults, Dividend Arrearages And Delinquencies 82

-Material Modifications to the Rights of Security

ITEM 14-Material Modifications to the Rights of Security Holders and Use Of Proceeds 82

-Controls and Procedures

ITEM 15-Controls and Procedures 82

-[Reserved]

ITEM 16-[Reserved] 83

-Audit Committee Financial Expert

ITEM 16A-Audit Committee Financial Expert 83

-Code of Ethics

ITEM 16B-Code of Ethics 83

-Principal Accountant Fees and Services

ITEM 16C-Principal Accountant Fees and Services 83

-Exemptions from the Listing Standards for

ITEM 16D-Exemptions from the Listing Standards for Audit Committees 83

-Purchases of Equity Securities by the Issuer

ITEM 16E-Purchases of Equity Securities by the Issuer and Affiliated Purchasers 84

-Change in Registrant's Certifying Accountant

ITEM 16F-Change in Registrant's Certifying Accountant 84

-Corporate Governance

ITEM 16G-Corporate Governance 84

-Mine Safety Disclosure

ITEM 16H-Mine Safety Disclosure 85

-Disclosure Regarding Foreign Jurisdictions

ITEM 16I-Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 85 ITEM 16J-Insider Trading Policies 85

-Cybersecurity

ITEM 16K-Cybersecurity 85 PART III 86

-Financial Statements

ITEM 17-Financial Statements 86

-Financial Statements

ITEM 18-Financial Statements 86

-Exhibits

ITEM 19-Exhibits 87

SIGNATURES

SIGNATURES 88 i INTRODUCTION Unless the context otherwise requires, in this annual report on Form 20-F: The "Company," "CGT Holdings," "Registrant" or similar terms refer to Creative Global Technology Holdings Limited, a company incorporated under the laws of the Cayman Islands; "We," "us," "our," the "Group", refer to CGT Holdings and its consolidated subsidiaries, unless the context otherwise indicates. "Ordinary Shares" or "ordinary shares" refers to CGT Holdings' ordinary shares, par value $0.001 per share ; "Hong Kong" or "HK" refers to the Hong Kong Special Administrative Region of the People's Republic of China; "HKD," "HK$" or "H.K. Dollars" refers to the official legal currency of Hong Kong; "PRC" or "China" refers to the People's Republic of China, including Hong Kong Special Administrative Region ("Hong Kong"), Macau Special Administrative Region ("Macau") and Taiwan, for purposes of this annual report only; and in the future filings of the Company's registration statements under the Securities Act of 1933, as amended, or its periodic reports under the Securities Exchange Act of 1934, as amended, the definition of China or PRC will include Hong Kong, Macau or Taiwan. And only in the context of describing PRC laws, the PRC laws do not include any law, regulation, statute, rule, order, decree, notice, and supreme court's judicial interpretation or other legislation of the Hong Kong Special Administrative Region, the Macau Special Administrative Region or Taiwan. "US$," "USD," "$," or "U.S. dollars" refers to the legal currency of the United States. Discrepancies in any table between the amounts identified as total amounts and the sum of the amounts listed therein are due to rounding. This annual report on Form 20-F includes our audited consolidated financial statements for the years ended September 30, 2024, 2023 and 2022. This annual report contains translations of certain HKD amounts into U.S. dollars at the rate of HKD7.7738 to

Risk Factors

Risk Factors Risks Related to Our Business Our industry is rapidly evolving and our business model may not continue to be successful or achieve wide acceptance as we anticipated. The pre-owned consumer electronic devices industry is developing quickly. There are not many well-established wholesalers or retailers for pre-owned consumer electronic devices, nor are there any established industry standards for pre-owned consumer electronic devices market in general. We have been experimenting with several business strategies since the start of our business operations in 2016 to determine the most successful business model for our operations. We think our business model is unique, and we have a limited operating history on which investors can evaluate our business and prospects. Specifically, we only began operating our online retail business in 2021 and our device rental business in 2022. There is no assurance that our business model will remain effective or gain widespread acceptance as quickly or at the extent we predict. We have to explore different business practices, formulate pricing strategies, set up procedures and standards by ourselves and learn from our own experience. Given our limited history in operating online marketplaces, we cannot assure you that we will be able to successfully anticipate and respond to industry trends and customer behaviors, especially as we continue to broaden our customer base and diversify our product offerings. A potential investor in CGT Holdings' Ordinary Shares should carefully assess the risks we face as a result of our involvement in a new and rapidly evolving industry, and our attempt to execute on a new and untested business model. Our business model may not be successful, or we may not successfully manage the risks associated with this business model. If we fail to attract and engage consumers, find suitable suppliers or involve other participants in the pre-owned consumer electronic devices value chain, our busine

View Full Filing

View this 20-F filing on SEC EDGAR