Global Mofy AI Ltd Files 2024 Annual Report

TL;DR

Mofy AI dropped its metaverse name, filed its 2024 20-F, still in computer services.

AI Summary

Global Mofy AI Ltd filed its annual report on Form 20-F for the fiscal year ended September 30, 2024. The company, formerly known as Global Mofy Metaverse Ltd until February 25, 2022, is based in Beijing, China. Its primary business is in computer programming and data processing services.

Why It Matters

This filing provides investors with the company's financial performance and operational details for the past fiscal year, crucial for understanding its current standing and future prospects.

Risk Assessment

Risk Level: medium — As a foreign private issuer with operations in China, the company faces geopolitical and regulatory risks, alongside typical business risks.

Key Numbers

• 2024 — Fiscal Year End (The report covers the period ending September 30, 2024.)
• 001-41834 — SEC File Number (Identifies the company's filing with the SEC.)

Key Players & Entities

• Global Mofy AI Ltd (company) — Filer of the 20-F
• Global Mofy Metaverse Ltd (company) — Former name of the company
• September 30, 2024 (date) — Fiscal year end
• February 25, 2022 (date) — Date of name change
• 001-41834 (dollar_amount) — SEC file number

FAQ

Key Financial Figures

• $0.00003 — red Class A Ordinary Shares, par value $0.00003 per share GMM The Nasdaq Stock Market L
• $ — y Global Mofy China; "U.S. dollars," "$," "US$," and "dollars" refer to the leg

Filing Documents

• ea0225904-20f_global.htm (20-F) — 2862KB
• ea022590401ex2-1_global.htm (EX-2.1) — 116KB
• ea022590401ex8-1_global.htm (EX-8.1) — 7KB
• ea022590401ex12-1_global.htm (EX-12.1) — 9KB
• ea022590401ex12-2_global.htm (EX-12.2) — 9KB
• ea022590401ex13-1_global.htm (EX-13.1) — 3KB
• ea022590401ex13-2_global.htm (EX-13.2) — 3KB
• image_001.jpg (GRAPHIC) — 142KB
• image_002.jpg (GRAPHIC) — 140KB
• image_003.jpg (GRAPHIC) — 87KB
• image_004.jpg (GRAPHIC) — 71KB
• image_005.jpg (GRAPHIC) — 140KB
• image_006.jpg (GRAPHIC) — 5KB
• image_007.jpg (GRAPHIC) — 23KB
• 0001213900-25-000430.txt ( ) — 13257KB
• gmm-20240930.xsd (EX-101.SCH) — 91KB
• gmm-20240930_cal.xml (EX-101.CAL) — 78KB
• gmm-20240930_def.xml (EX-101.DEF) — 441KB
• gmm-20240930_lab.xml (EX-101.LAB) — 726KB
• gmm-20240930_pre.xml (EX-101.PRE) — 442KB
• ea0225904-20f_global_htm.xml (XML) — 1628KB

Item 18

Item 17 Item 18 If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to 240.10D-1(b). 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 Securities Exchange Act of 1934). 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 Table of Contents Page PART I Item 1. Identity of Directors, Senior Management and Advisers 1 Item 2. Offer Statistics and Expected Timetable 1 Item 3. Key Information 1 Item 4. Information on the Company 62 Item 4A. Unresolved Staff Comments 103 Item 5. Operating and Financial Review and Prospects 103 Item 6. Directors, Senior Management and Employees 122 Item 7. Major Shareholders and Related Party Transactions 130 Item 8. Financial Information 132 Item 9. The Offer and Listing 133 Item 10. Additional Information 134 Item 11.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 152 Item 12.

Description of Securities Other than Equity Securities

Description of Securities Other than Equity Securities 153 PART II Item 13. Defaults, Dividend Arrearages and Delinquencies 154 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 154 Item 15.

Controls and Procedures

Controls and Procedures 155 Item 16. [ Reserved ] 156 Item 16A. Audit Committee Financial Expert 156 Item 16B. Code of Ethics 156 Item 16C. Principal Accountant Fees and Services 156 Item 16D. Exemptions from the Listing Standards for Audit Committees 156 Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 156 Item 16F. Change in Registrant's Certifying Accountant 157 Item 16G. Corporate Governance 157 Item 16H. Mine Safety Disclosure 158 Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 158 Item 16J. Insider Trading Policies 158 Item 16K. Cybersecurity 158 PART III Item 17.

Financial Statements

Financial Statements 159 Item 18.

Financial Statements

Financial Statements 159 Item 19. Exhibits 159 i INTRODUCTION Commonly Used Defined Terms Unless otherwise indicated or the context requires otherwise, references in this report to: "Beijing Mofy" refers to Mofy (Beijing) Film Technology Co., Ltd., a limited liability company organized under the laws of the PRC, which is 60% owned by Global Mofy China; "Century Mofy" refers to Anji Century Mofy Education Consulting Co., Ltd., a limited liability company organized under the laws of the PRC, which is wholly-owned by Global Mofy Zhejiang WFOE; "Class A Ordinary Shares" refers to the Class A Ordinary Shares of the Company, par value US$0.00003 per share; "Class B Ordinary Shares" refers to the Class B Ordinary Shares of the Company, par value US$0.00003 per share; "Gauss Intelligence" refers to Gauss Intelligence (Beijing) Technology Co. Ltd., a limited liability company organized under the laws of the PRC, which is wholly-owned by Global Mofy Zhejiang WFOE; "Global Mofy Cayman" refers to GLOBAL MOFY AI LIMITED, an exempted company incorporated under the laws of the Cayman Islands; "Global Mofy HK" refers to Global Mofy HK Limited, a limited liability company organized under the laws of Hong Kong, which is wholly-owned by Global Mofy Cayman; "Global Mofy California" refers to Global Mofy (Beijing) Technology Co., Ltd., a limited liability company organized under the laws of the State of California, which is wholly-owned by Global Mofy China; "Global Mofy WFOE" refers to Mofy Metaverse (Beijing) Technology Co., Ltd., a limited liability company organized under the laws of the PRC, which is wholly-owned by Global Mofy HK; "Global Mofy Zhejiang WFOE" refers to Zhejiang Mofy Metaverse Technology Co., Ltd., a limited liability company organized under the laws of the PRC, which is wholly-owned by Global Mofy HK; "Global Mofy China" refers to Global Mofy (Beijing) Technology Co., Ltd., a limited liability company organized under the laws of PRC

Identity of Directors,

Item 1. Identity of Directors, Senior Management and Advisers Not applicable for annual reports on Form 20-F.

Offer Statistics

Item 2. Offer Statistics and Expected Timetable Not applicable for annual reports on Form 20-F.

Key Information

Item 3. Key Information OVERVIEW Corporate Structure The following diagram illustrates the corporate structure of GLOBAL MOFY AI LIMITED and its subsidiaries as of the date of this annual report. 1 Global Mofy Cayman is a Cayman Islands exempted company incorporated on September 29, 2021. As a holding company with no significant assets or operation, it conducts business in China through Global Mofy China and its subsidiaries. GMM Discovery was incorporated on May 22, 2024, under the laws of the State of Delaware. GMM Discovery is a wholly owned subsidiary of Global Mofy Cayman and is currently not engaging in any active business. Global Mofy HK was incorporated on October 21, 2021, under the laws of Hong Kong SAR. Global Mofy HK is the wholly-owned subsidiary of Global Mofy Cayman and is currently not engaging in any active business and merely acting as a holding company. Global Mofy WFOE was incorporated on December 9, 2021, under the laws of the People's Republic of China. It is a wholly-owned subsidiary of Global Mofy HK and a wholly foreign-owned entity under the PRC laws. It is currently not engaging in any active business. Global Mofy Zhejiang WFOE was incorporated on April 3, 2023, under the laws of the People's Republic of China. It is a wholly-owned subsidiary of Global Mofy HK and a wholly foreign-owned entity under the PRC laws. It is one of the operating subsidiaries and is engaged in technology development, technical services, and software development. Gauss Intelligence was incorporated on February 28, 2024, under the laws of the PRC. Gauss Intelligence is a wholly owned subsidiary of Global Mofy Zhejiang WFOE. It is currently not engaging in any active business. Global Mofy China was incorporated on November 22, 2017, under the laws of the People's Republic of China. It is one of the operating subsidiaries and is engaged in technology development, technical services, design and produce advertisement, and film screening. Century Mofy was

View Full Filing

View this 20-F filing on SEC EDGAR