EZGO Technologies Ltd. Files 20-F Annual Report for Fiscal Year Ended September 30, 2023

TL;DR

<b>EZGO Technologies Ltd. has filed its annual 20-F report detailing its fiscal year 2023 performance and share structure.</b>

AI Summary

EZGO Technologies Ltd. (EZGO) filed a Foreign Annual Report (20-F) with the SEC on January 26, 2024. EZGO Technologies Ltd. filed its annual report on Form 20-F for the fiscal year ended September 30, 2023. The company's ordinary shares, par value $0.001 per share, trade on the Nasdaq Capital Market under the symbol EZGO. As of January 25, 2024, EZGO Technologies Ltd. had 102,165,549 ordinary shares outstanding. The principal executive offices are located at Building #A, Floor 2, Changzhou Institute of Dalian University of Technology, Science and Education Town, Wujin District, Changzhou City, Jiangsu, China. The company is incorporated in the British Virgin Islands.

Why It Matters

For investors and stakeholders tracking EZGO Technologies Ltd., this filing contains several important signals. This filing provides investors with audited financial information and business updates for the fiscal year ending September 30, 2023, crucial for assessing the company's performance and future prospects. The report confirms the company's listing on the Nasdaq Capital Market and the number of outstanding shares, which are key metrics for market participants and potential investors.

Risk Assessment

Risk Level: low — EZGO Technologies Ltd. shows low risk based on this filing. The filing is a routine annual report and does not contain immediate red flags, indicating a standard disclosure process.

Analyst Insight

Investors should review the detailed financial statements and business overview within the 20-F to understand EZGO's operational performance and strategic direction.

Key Numbers

• 102,165,549 — Ordinary Shares Outstanding (As of January 25, 2024.)
• 001-39833 — SEC File Number (Commission file number for EZGO Technologies Ltd.)
• 2023-09-30 — Fiscal Year End (The period covered by the annual report.)
• 2024-01-26 — Filing Date (Date the 20-F form was filed.)

Key Players & Entities

• EZGO Technologies Ltd. (company) — Registrant filing the 20-F annual report.
• Nasdaq Capital Market (company) — Exchange where EZGO's ordinary shares are traded.
• Jianhui Ye (person) — Company contact person.
• 102,165,549 (dollar_amount) — Number of ordinary shares outstanding as of January 25, 2024.
• September 30, 2023 (date) — Fiscal year end date for the report.
• January 25, 2024 (date) — Date as of which outstanding shares were reported.

FAQ

Industry Context

EZGO Technologies Ltd. operates within the manufacturing sector, specifically related to motorcycles, bicycles, and parts, as indicated by its SIC code.

Regulatory Implications

As a foreign private issuer incorporated in the British Virgin Islands and listed on a US exchange, EZGO Technologies Ltd. is subject to SEC regulations, including the filing of annual reports on Form 20-F.

What Investors Should Do

1. Review the full Form 20-F for detailed financial statements and management discussion.
2. Analyze the company's business operations and risk factors disclosed in the report.
3. Monitor future filings for updates on financial performance and strategic initiatives.

Key Dates

• 2023-09-30: Fiscal Year End — Marks the end of the reporting period for the 20-F filing.
• 2024-01-26: Filing Date — Date the Form 20-F was officially submitted to the SEC.
• 2024-01-25: Outstanding Shares Date — Date as of which the number of outstanding ordinary shares was reported.

Year-Over-Year Comparison

This filing is the annual report for the fiscal year ended September 30, 2023, and follows the standard disclosure requirements for a 20-F filing.

Key Financial Figures

• $0.001 — gistered Ordinary shares, par value US$0.001 per share EZGO Nasdaq Capital Market
• $1.00 — People's Bank of China was RMB7.2960 to $1.00. Investing in EZGO's securities is hig
• $308,200 — ZGO provided an interest-free loan of US$308,200 to EZGO HK and an interest-free loan of
• $8,000,000 — EZGO HK and an interest-free loan of US$8,000,000 to Changzhou EZGO; and EZGO HK injected
• $313,000 — ZGO HK injected registered capital of US$313,000 into Changzhou EZGO. Changzhou EZGO pro
• $335,714 — ZGO. Changzhou EZGO provided loans of US$335,714 to the VIE and had US$7,589,951 of paya
• $7,589,951 — oans of US$335,714 to the VIE and had US$7,589,951 of payables due to the VIE and its subs
• $31,848,983 — d an additional interest-free loan of US$31,848,983 to Changzhou EZGO, and Changzhou EZGO p
• $8,696,766 — ded additional interest-free loans of US$8,696,766 to its wholly-owned subsidiaries. As of
• $14,092,722 — eptember 30, 2023, Changzhou EZGO had US$14,092,722 of receivables from its wholly-owned su
• $15,971,124 — its wholly-owned subsidiaries and had US$15,971,124 of payables due to the VIE and VIE's su
• $8,945,685 — ,599 and cash in USD in the amount of US$8,945,685 as of September 30, 2023. Funds are tra

Filing Documents

• f20f2023_ezgotech.htm (20-F) — 3033KB
• f20f2023ex2-1_ezgotech.htm (EX-2.1) — 105KB
• f20f2023ex8-1_ezgotech.htm (EX-8.1) — 10KB
• f20f2023ex11-1_ezgotech.htm (EX-11.1) — 112KB
• f20f2023ex12-1_ezgotech.htm (EX-12.1) — 9KB
• f20f2023ex12-2_ezgotech.htm (EX-12.2) — 10KB
• f20f2023ex13-1_ezgotech.htm (EX-13.1) — 3KB
• f20f2023ex13-2_ezgotech.htm (EX-13.2) — 3KB
• f20f2023ex15-1_ezgotech.htm (EX-15.1) — 3KB
• f20f2023ex15-2_ezgotech.htm (EX-15.2) — 3KB
• f20f2023ex15-3_ezgotech.htm (EX-15.3) — 7KB
• f20f2023ex97-1_ezgotech.htm (EX-97.1) — 24KB
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• ex15-1_001.jpg (GRAPHIC) — 87KB
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• ex15-3_001.jpg (GRAPHIC) — 15KB
• 0001213900-24-006994.txt (&nbsp;) — 16207KB
• ezgo-20230930.xsd (EX-101.SCH) — 146KB
• ezgo-20230930_cal.xml (EX-101.CAL) — 78KB
• ezgo-20230930_def.xml (EX-101.DEF) — 542KB
• ezgo-20230930_lab.xml (EX-101.LAB) — 1084KB
• ezgo-20230930_pre.xml (EX-101.PRE) — 575KB
• f20f2023_ezgotech_htm.xml (XML) — 1735KB

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 137 Item 12.

Description of Securities Other than Equity Securities

Description of Securities Other than Equity Securities 137 PART II 138 Item 13. Defaults, Dividend Arrearages and Delinquencies 138 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 138 Item 15.

Controls and Procedures

Controls and Procedures 139 Item 16. [Reserved] 140 Item 16A. Audit Committee Financial Expert 140 Item 16B. Code of Ethics 140 Item 16C. Principal Accountant Fees and Services 140 Item 16D. Exemptions from the Listing Standards for Audit Committees 140 Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 140 Item 16F. Change in Registrant's Certifying Accountant 140 Item 16G. Corporate Governance 141 Item 16H. Mine Safety Disclosure 141 Item 16I Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 141 Item 16J Insider Trading Policies 141 Item 16K Cybersecurity 141 PART III 142 Item 17.

Financial Statements

Financial Statements 142 Item 18.

Financial Statements

Financial Statements 142 Item 19. Exhibits 142 i PART I CERTAIN INFORMATION In this annual report on Form 20-F, unless otherwise indicated, "EZGO" refers to EZGO Technologies Ltd., a British Virgin Islands business company; "we," "us," "our," "our company," the "Company" or similar terms refer to EZGO Technologies Ltd. and/or its consolidated subsidiaries, other than the variable interest entity, Jiangsu EZGO Electronic Technologies, Co., Ltd. (formerly known as Jiangsu Baozhe Electric Technologies, Co., Ltd.), a PRC company, unless the context otherwise indicates; and "VIE" refers to the variable interest entity, Jiangsu EZGO Electronic Technologies, Co., Ltd. EZGO conducts operations in China through Changzhou EZGO Enterprise Management Co., Ltd. ("Changzhou EZGO," or the "WFOE"), the VIE and its subsidiaries in China, and EZGO does not conduct any business on its own. The financial results of the VIE and its subsidiaries are consolidated into our financial in EZGO, the British Virgin Islands holding company. Unless the context indicates otherwise, all references to "China" and the "PRC" refer to the People's Republic of China, including Hong Kong and Macau. The term "Chinese" has a correlative meaning for the purpose of this annual report. All references to "Renminbi" or "RMB" are to the legal currency of China and all references to "U.S. dollars," "dollars," "US$" and "$" are to the legal currency of the United States of America (the "United States"). This annual report contains translations of Renminbi amounts into U.S. dollars at specified rates solely for the convenience of the reader. We make no representation that the Renminbi or U.S. dollar amounts referred to in this annual report could have been or could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.

View Full Filing

View this 20-F filing on SEC EDGAR