Entrepreneur Universe Bright Group Files 2023 Annual Report (10-K)

TL;DR

<b>Entrepreneur Universe Bright Group has submitted its 2023 10-K annual report, detailing its corporate structure and filing compliance.</b>

AI Summary

ENTREPRENEUR UNIVERSE BRIGHT GROUP (EUBGD) filed a Annual Report (10-K) with the SEC on March 28, 2024. Entrepreneur Universe Bright Group filed its 2023 10-K report on March 28, 2024. The company is incorporated in Nevada and its principal executive offices are located in Xi'an, China. Its common stock, par value $0.0001 per share, is registered under Section 12(g) of the Act. The company has filed all required reports for the preceding 12 months and has been subject to filing requirements for the past 90 days. Entrepreneur Universe Bright Group has submitted all Interactive Data Files required by Rule 405 of Regulation S-T.

Why It Matters

For investors and stakeholders tracking ENTREPRENEUR UNIVERSE BRIGHT GROUP, this filing contains several important signals. This filing provides a comprehensive overview of the company's financial and operational status for the fiscal year ended December 31, 2023. As a public company, adherence to SEC filing requirements like this 10-K is crucial for transparency and investor confidence.

Risk Assessment

Risk Level: low — ENTREPRENEUR UNIVERSE BRIGHT GROUP shows low risk based on this filing. The filing indicates no specific financial figures or operational details beyond basic corporate information, suggesting a lack of readily available performance data within this document.

Analyst Insight

Investors should review the full 10-K filing for detailed financial statements, risk factors, and management's discussion and analysis to understand the company's performance and outlook.

Key Numbers

• 2023 — Fiscal Year End (Fiscal year ended December 31, 2023)
• 2024-03-28 — Filing Date (Filed as of date)
• 000-56305 — Commission File Number (SEC file number)
• $0.0001 — Par Value (Common Stock par value)

Key Players & Entities

• ENTREPRENEUR UNIVERSE BRIGHT GROUP (company) — Filer name
• 0001213900-24-027301 (filing_id) — Accession Number
• 20231231 (date) — Fiscal year end
• 20240328 (date) — Filing date
• Nevada (jurisdiction) — State of incorporation
• Xi'an, China (location) — Address of principal executive offices
• Common Stock, par value $0.0001 per share (security) — Registered securities
• Rule 405 of Regulation S-T (regulation) — Interactive Data File submission requirement

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — Reporting period for the 10-K
• 2024-03-28: Filing Date — Date the 10-K was filed with the SEC

Glossary

Form 10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This is the primary document filed by Entrepreneur Universe Bright Group for the fiscal year 2023.)

Regulation S-T

A regulation of the SEC governing the electronic submission of filings. (Relevant to the company's requirement to submit Interactive Data Files electronically.)

Key Financial Figures

• $0.0001 — ) of the Act: Common Stock, par value $0.0001 per share (Title of class) Indicate
• $0 — ,423 shares of common stock, par value $0.0001, of the registrant issued and outs
• $10.2 million — ort, our PRC subsidiary has distributed $10.2 million (net of withholding tax at $1.1million
• $1.1million — 10.2 million (net of withholding tax at $1.1million charged at a rate of 10% of the declare

Filing Documents

• ea0202163-10k_entrep.htm (10-K) — 1108KB
• ea020216301ex10-8_entrep.htm (EX-10.8) — 75KB
• ea020216301ex10-9_entrep.htm (EX-10.9) — 67KB
• ea020216301ex21-1_entrep.htm (EX-21.1) — 4KB
• ea020216301ex31-1_entrep.htm (EX-31.1) — 7KB
• ea020216301ex32-1_entrep.htm (EX-32.1) — 4KB
• image_001.jpg (GRAPHIC) — 58KB
• image_002.jpg (GRAPHIC) — 3KB
• image_003.jpg (GRAPHIC) — 55KB
• image_004.jpg (GRAPHIC) — 19KB
• 0001213900-24-027301.txt (&nbsp;) — 5404KB
• eubg-20231231.xsd (EX-101.SCH) — 61KB
• eubg-20231231_cal.xml (EX-101.CAL) — 39KB
• eubg-20231231_def.xml (EX-101.DEF) — 213KB
• eubg-20231231_lab.xml (EX-101.LAB) — 387KB
• eubg-20231231_pre.xml (EX-101.PRE) — 208KB
• ea0202163-10k_entrep_htm.xml (XML) — 410KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 37 Item 1B. Unresolved Staff Comments 59 Item 1C. Cybersecurity 60 Item 2.

Properties

Properties 61 Item 3.

Legal Proceedings

Legal Proceedings 61 Item 4. Mine Safety Disclosures 61 PART II Item 5. Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities 62 Item 6. [RESERVED] 62 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 62 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 67 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 67 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 67 Item 9A.

Controls and Procedures

Controls and Procedures 67 Item 9B. Other Information 68 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 68 PART III Item 10. Directors, Executive Officers and Corporate Governance 69 Item 11.

Executive Compensation

Executive Compensation 70 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 72 Item 13. Certain Relationships and Related Transactions, and Director Independence 72 Item 14. Principal Accounting Fees and Services 73 PART IV Item 15. Exhibits and Financial Statements Schedules 74 Item 16. Form 10-K Summary 75 i NOTE Entrepreneur Universe Bright Group, a Nevada corporation ("EUBG" or the "Company"), is not a Chinese operating company but a Nevada holding company. As a holding company with no material operations of our own, EUBG conducts all of its operations through its subsidiaries in Hong Kong and in the People's Republic of China ("PRC" or "China"). Therefore our shareholders will not directly hold any equity interests in our Chinese operating subsidiaries. Unless otherwise mentioned or unless the context requires otherwise, when used in this Form 10-K ("Annual Report"), the terms "we," "us," and "our" refer to EUBG and its consolidated subsidiaries, or any one or more of them as the context may require, "HK subsidiary" refers to Entrepreneurship World Technology Holding Group Company Limited, our wholly-owned subsidiary and a Hong Kong limited company, and "PRC subsidiary" refers to Xi'an Yunchuang Space Information Technology Co., Ltd., f/k/a Entrepreneurship World Consultants Limited, a wholly-foreign owned Chinese subsidiary of HK subsidiary. EUBG is a holding company for its operating subsidiaries. We currently do not, and we do not plan to use variable interest entities ("VIE") to execute our business plan or to conduct our China-based operations. We do not have any contractual arrangements between the holding company, the HK subsidiary, and the PRC subsidiary. EUBG is a Nevada holding company and does not have any substantive operations other than directly or indirectly holding the equity interest in our operating subsidiaries in Hong Kong and China. Therefore our shareholders will not directly hold any equity int

View Full Filing

View this 10-K filing on SEC EDGAR