JBDI Holdings Ltd Files 20-F for FY2024

TL;DR

JBDI Holdings Ltd dropped its 20-F, check the financials for FY ending May 31, 2024.

AI Summary

JBDI Holdings Ltd filed its annual 20-F report for the fiscal year ending May 31, 2024. The company, incorporated in E9 and headquartered in Singapore, operates in the metal shipping barrels, drums, kegs, and pails industry. The filing includes financial data for the fiscal years 2021, 2022, and 2023.

Why It Matters

This 20-F filing provides investors with a comprehensive overview of JBDI 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 from a foreign private issuer, which inherently carries more complexity and potential for information asymmetry compared to domestic filings.

Key Numbers

• 2024-05-31 — Fiscal Year End (The period covered by the 20-F filing.)
• 2024-10-18 — Filing Date (The date the 20-F was submitted to the SEC.)
• 0001964314 — Central Index Key (Unique identifier for JBDI Holdings Ltd in SEC filings.)

Key Players & Entities

• JBDI Holdings Ltd (company) — Filer of the 20-F report
• 34 GUL CRESCENT, SINGAPORE (location) — Company's business and mailing address
• 0531 (date) — Fiscal year end date

FAQ

Key Financial Figures

• $0.0005 — eport. 18,037,500 Ordinary Shares, US$0.0005 per share, at May 31, 2024 Indicate b
• $1.3509 — nto United States Dollars were made at S$1.3509 to US$1.00 for amounts relevant to the
• $1.00 — ates Dollars were made at S$1.3509 to US$1.00 for amounts relevant to the financial y
• $1.3181 — financial year ended May 31, 2024 and S$1.3181 to US$1.00 for amounts relevant to the
• $5.00 — Shares at a public offering price of US$5.00 per share (the "Offering"). Total net p
• $6.7 million — owance and expenses, were approximately $6.7 million. The Ordinary Shares began trading on A
• $0.3 million — 3 , we had inventories of approximately $0.3 million and $0.3 million, respectively. Any cha
• $0.3 m — ories of approximately $0.3 million and $0.3 million, respectively. Any change in cust

Filing Documents

• form20-f.htm (20-F) — 2031KB
• ex2-1.htm (EX-2.1) — 64KB
• ex4-1.htm (EX-4.1) — 44KB
• ex4-2.htm (EX-4.2) — 65KB
• ex4-3.htm (EX-4.3) — 32KB
• ex4-4.htm (EX-4.4) — 29KB
• ex11-2.htm (EX-11.2) — 24KB
• ex12-1.htm (EX-12.1) — 12KB
• ex12-2.htm (EX-12.2) — 12KB
• ex13-1.htm (EX-13.1) — 6KB
• ex13-2.htm (EX-13.2) — 6KB
• ex97-1.htm (EX-97.1) — 42KB
• form20-f_001.jpg (GRAPHIC) — 37KB
• form20-f_002.jpg (GRAPHIC) — 18KB
• form20-f_003.jpg (GRAPHIC) — 21KB
• form20-f_004.jpg (GRAPHIC) — 1KB
• form20-f_005.jpg (GRAPHIC) — 32KB
• form20-f_006.jpg (GRAPHIC) — 32KB
• form20-f_007.jpg (GRAPHIC) — 25KB
• form20-f_008.jpg (GRAPHIC) — 20KB
• form20-f_009.jpg (GRAPHIC) — 76KB
• form20-f_010.jpg (GRAPHIC) — 55KB
• form20-f_011.jpg (GRAPHIC) — 56KB
• form20-f_012.jpg (GRAPHIC) — 51KB
• form20-f_013.jpg (GRAPHIC) — 48KB
• form20-f_014.jpg (GRAPHIC) — 360KB
• 0001493152-24-041544.txt ( ) — 9395KB
• jbdi-20240531.xsd (EX-101.SCH) — 45KB
• jbdi-20240531_cal.xml (EX-101.CAL) — 60KB
• jbdi-20240531_def.xml (EX-101.DEF) — 168KB
• jbdi-20240531_lab.xml (EX-101.LAB) — 347KB
• jbdi-20240531_pre.xml (EX-101.PRE) — 294KB
• form20-f_htm.xml (XML) — 943KB

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 89 Item 12.

Description of Securities Other Than Equity Securities

Description of Securities Other Than Equity Securities 90 PART II Item 13. Defaults, Dividend Arrearages and Delinquencies 90 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 90 Item 15.

Controls and Procedures

Controls and Procedures 90 Item 16. Reserved 91 Item 16A. Audit Committee Financial Expert 91 Item 16B. Code of Ethics 91 Item 16C. Principal Accountant Fees and Services 91 Item 16D. Exemptions from the Listing Standards for Audit Committees 92 Item 16E. Purchases of Equity Securities by the Issuer and Affiliates Purchasers 92 Item 16F. Changes in Registrant's Certifying Accountants 92 Item 16G. Corporate Governance 92 Item 16H. Mine Safety Disclosure 92 Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 92 ITEM 16J. Insider Trading Policies 92 ITEM 16K Cybersecurity 92 PART III Item 17.

Financial Statements

Financial Statements 93 Item 18.

Financial Statements

Financial Statements 93 Item 19. Exhibits 94

SIGNATURES

SIGNATURES 95 i SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 20-F contains forward-looking statements that relate to our current expectations and views of future events. These

forward-looking statements are contained principally in the sections entitled "Risk Factors," "Management's Discussion

forward-looking statements are contained principally in the sections entitled "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Industry Overview" and "Business." These Factors," which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In some cases, these forward-looking statements can be identified by words or phrases such as "believe", "plan", "expect", "intend", "should", "seek", "estimate", "will", "aim" and "anticipate", or other similar expressions, but these are not the exclusive means of identifying such statements. All results, business strategy, plans and objectives of management for future operations (including development plans and dividends) and other oral or written statements which are forward-looking statements, including in our periodic reports that we will file with the SEC, other information sent to our shareholders and other written materials. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the risk factors set forth in "Risk Factors" and the following: FINAN

RISK FACTORS

RISK FACTORS An investment in our Ordinary Shares is highly speculative and involves a significant degree of risk. The risks discussed below could materially and adversely affect our business, prospects, financial condition, results of operations, cash flows, ability to pay dividends and the trading price of our Ordinary Shares. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial may also materially and adversely affect our business, prospects, financial condition, results of operations, cash flows and ability to pay dividends, and you may lose all or a part of your investment. The realization of any of the risks described below could have a material adverse effect on our business, results of operations and future prospects. Risks Related to Our Business and Industry Our business is inherently susceptible to the cyclical fluctuations of the solvent, chemical, petroleum and edible oil product industries worldwide and regionally, which our customers are operating in Our customers mainly operate in the solvent, chemical, petroleum and edible product oil industries, respectively. These industries are largely cyclical in nature and economic downturns and resulting pricing pressures experienced by them have resulted in them reducing their capital and operating expenditures. A slowdown in these industries or the occurrence of any event that may adversely affect these industries such as changes in regulatory environment and economic conditions will result in a decrease in demand for our products and services, and accordingly our business, profitability and financial performance may be adversely affected. These industries are also subject to the impact of the industry cycle, general market and economic conditions and government policies and expenditures, which are factors beyond our control. A decline in the number of purchase orders or service contracts due to these factors may cause us to operate in a more competi

View Full Filing

View this 20-F filing on SEC EDGAR