Ostin Technology Group Files 2024 Annual Report

TL;DR

Ostin Tech filed its 2024 20-F, check it for the latest on their electronics biz.

AI Summary

Ostin Technology Group Co., Ltd. filed its annual report on Form 20-F for the fiscal year ended September 30, 2024. The company, incorporated in E9 and headquartered in Nanjiang, Jiangsu, operates in the electronic components sector. The filing was made on January 27, 2025, under SEC file number 001-41362.

Why It Matters

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

Risk Assessment

Risk Level: medium — As an annual report for a publicly traded company, it contains standard disclosures but may also reveal specific risks related to its industry or operations.

Key Numbers

• 20240930 — Fiscal Year End (Indicates the period covered by the annual report.)
• 20250127 — Filing Date (The date the 20-F was officially submitted to the SEC.)

Key Players & Entities

• Ostin Technology Group Co., Ltd. (company) — Filer of the 20-F report
• 0001213900-25-007016 (filing_id) — Accession number for the SEC filing
• 20250127 (date) — Date the filing was made
• 20240930 (date) — Fiscal year end date
• 001-41362 (commission_file_number) — SEC file number for Ostin Technology Group
• 3679 (sic_code) — Standard Industrial Classification for Electronic Components, NEC

FAQ

Key Financial Figures

• $0.001 — red Class A ordinary shares, par value $0.001 per share OST The Nasdaq Stock Market L
• $0.0001 — ,348 Class A ordinary shares, par value $0.0001 per share and 2,000,000 Class B ordinar
• $ — stal display, a display technology "US$," "U.S. dollars," "$," and "dollars"
• $1 — .S. dollars are made at RMB7.0176 to US$1.00, the rate published by the Federal R

Filing Documents

• ea0228218-20f_ostintech.htm (20-F) — 2198KB
• ea022821801ex2-1_ostin.htm (EX-2.1) — 76KB
• ea022821801ex4-16_ostin.htm (EX-4.16) — 3KB
• ea022821801ex8-1_ostin.htm (EX-8.1) — 4KB
• ea022821801ex12-1_ostin.htm (EX-12.1) — 9KB
• ea022821801ex12-2_ostin.htm (EX-12.2) — 9KB
• ea022821801ex13-1_ostin.htm (EX-13.1) — 4KB
• ea022821801ex13-2_ostin.htm (EX-13.2) — 4KB
• ea022821801ex15-1_ostin.htm (EX-15.1) — 8KB
• ea022821801ex15-2_ostin.htm (EX-15.2) — 3KB
• ea022821801ex15-3_ostin.htm (EX-15.3) — 4KB
• image_001.jpg (GRAPHIC) — 542KB
• image_002.jpg (GRAPHIC) — 542KB
• image_003.jpg (GRAPHIC) — 186KB
• ex4-16_001.jpg (GRAPHIC) — 115KB
• ex4-16_002.jpg (GRAPHIC) — 106KB
• ex4-16_003.jpg (GRAPHIC) — 45KB
• ex15-1_001.jpg (GRAPHIC) — 22KB
• ex15-1_002.jpg (GRAPHIC) — 13KB
• ex15-2_001.jpg (GRAPHIC) — 7KB
• ex15-3_001.jpg (GRAPHIC) — 24KB
• ex15-3_002.jpg (GRAPHIC) — 7KB
• 0001213900-25-007016.txt ( ) — 14637KB
• ost-20240930.xsd (EX-101.SCH) — 101KB
• ost-20240930_cal.xml (EX-101.CAL) — 94KB
• ost-20240930_def.xml (EX-101.DEF) — 501KB
• ost-20240930_lab.xml (EX-101.LAB) — 751KB
• ost-20240930_pre.xml (EX-101.PRE) — 518KB
• ea0228218-20f_ostintech_htm.xml (XML) — 1301KB

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS iv 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 35 Item 4A. Unresolved Staff Comments 61 Item 5. Operating and Financial Review and Prospects 62 Item 6. Directors, Senior Management and Employees 79 Item 7. Major Shareholders and Related Party Transactions 87 Item 8. Financial Information 88 Item 9. The Offer and Listing 88 Item 10. Additional Information 88 Item 11.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 105 Item 12.

Description of Securities Other Than Equity Securities

Description of Securities Other Than Equity Securities 105 PART II 105 Item 13. Defaults, Dividend Arrearages and Delinquencies 106 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 106 Item 15.

Controls and Procedures

Controls and Procedures 106 Item 16. [Reserved] 107 Item 16A. Audit Committee Financial Expert 107 Item 16B. Code of Ethics 107 Item 16C. Principal Accountant Fees and Services 108 Item 16D. Exemptions From the Listing Standards for Audit Committees 108 Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 108 Item 16F. Change In Registrant's Certifying Accountant 108 Item 16G. Corporate Governance 108 Item 16H. Mine Safety Disclosure 109 Item 16I. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 109 Item 16J. Insider Trading Policies 109 Item 16K. Cybersecurity 110 PART III 111 Item 17.

Financial Statements

Financial Statements 111 Item 18.

Financial Statements

Financial Statements 111 Item 19. Exhibits 111 i CERTAIN TERMS AND CONVENSIONS Unless otherwise indicated, in this annual report, the following terms shall have the meaning set out below: "AIO" All-in-one computer "AMOLED" Active-matrix organic light emitting diode, is an organic light emitting diode display technology "China" or "PRC" The People's Republic of China, excluding Taiwan, solely for purpose of this annual report " Class A Ordinary Shares " Our class A ordinary shares, par value $0.001 per share " Class B Ordinary Shares " Our class B ordinary shares, par value $0.001 per share "Code" The United States Internal Revenue Code of 1986, as amended "Exchange Act" Securities Exchange Act of 1934, as amended "IoT" Internet of Things "Jiangsu Austin" Our wholly owned subsidiary, which is a company limited by shares incorporated in China "LED" Light emitting diode, a light emitting display technology "Nasdaq" Nasdaq Stock Market LLC "Nanjing Aosa" or "WFOE" Nanjing Aosa Technology Development Co., Ltd., our wholly owned subsidiary, which is a limited liability company formed in China "OLED" Organic light emitting diode, a light emitting display technology "ordinary shares" Our Class A Ordinary Shares and Class B Ordinary Shares "Ostin" Ostin Technology Group Co., Ltd., a Cayman Islands exempted company "our company," the "Company," "us" or "we" Ostin Technology Group Co., Ltd. and/or its consolidated subsidiaries, unless the context suggests otherwise "PCAOB" Public Company Accounting Oversight Board "polarizer" Polarizing film, a composite optical film used in LCD/OLED/AMOLED displays "RMB" or "Renminbi" Legal currency of China "PFIC" A passive foreign investment company "SEC" The United States Securities and Exchange Commission "Shanghai Inabata" Shanghai Inabata Trading Co., Ltd., a wholly owned subsidiary of Inabata & Co., Ltd. "Securities Act" The Securities

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This annual report contains "forward-looking beliefs, projections and predictions about future events. You can identify some of these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These

forward-looking statements include statements relating to

forward-looking statements include statements relating to: the expected or potential impact of the novel coronavirus (COVID-19) pandemic, and the related responses of the government, consumers, and the Company, on our business, financial condition and results of operations; the cyclical nature of our industry; our dependence on introducing new products on a timely basis; our dependence on growth in the demand for and market acceptance for our products; our ability to effectively manage inventories; our ability to compete effectively; our dependence on a small number of customers for a substantial portion of our net revenue; our ability to successfully manage our capacity expansion and allocation in response to changing industry and market conditions; implementation of our expansion plans and our ability to obtain capital resources for our planned growth; our ability to acquire sufficient raw materials and key components and obtain equipment and services from our suppliers in suitable quantity and quality; our dependence on key personnel; our ability to expand into new businesses, industries or internationally and to undertake mergers, acquisitions, investments or divestments; changes in technology and competing products; general economic and political conditions, including those related to the display panel industry; possible disruptions in commercial activities caused by events such as natural disasters, terrorist activity fluctuations in foreign currency exchange rates; and other factors in the " Item 3. Key Information – D. Risk Factors " section in this annual report. These forward-looking statements are subject to various and significant risks and uncertainties, including those which are beyond our control. Although we believe that our expectations expressed in these forward-looking statements are reasonable, our expectations may later be found to be incorrect. The forward-looking

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not Applicable.

OFFER STATISTICS AND EXPECTED TIMETABLE

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not Applicable.

KEY INFORMATION

ITEM 3. KEY INFORMATION Our Holding Company Structure Ostin is not an operating company but a Cayman Islands holding company with operations primarily conducted by its subsidiaries based in China. We and our subsidiaries are subject to complex and evolving PRC laws and regulations and face various legal and operational risks and uncertainties relating to doing business in China. For example, we and our subsidiaries in the PRC face risks associated with regulatory approvals on offshore offerings, anti-monopoly regulatory actions, and oversight on cybersecurity and data privacy, as well as the risk of lack of inspection on our auditors by the PCAOB, which may impact our ability to conduct certain businesses, accept foreign investments, or list and conduct offerings on a United States or other foreign exchange. These risks could result in a material adverse change in our operations and the value of our Class A Ordinary Shares, significantly limit or completely hinder our ability to continue to offer securities to investors, or cause the value of such securities to significantly decline. For a detailed description of risks relating to doing business in China, please refer to risks disclosed under " Item 3. Key Information—D. Risk Factors—Risks Relating to Doing Business in China ." PRC government's significant authority in regulating our operations and its oversight and control over offerings conducted overseas by, and foreign investment in, China-based issuers could significantly limit or completely hinder our ability to offer or continue to offer securities to investors. Implementation of industry-wide regulations, including data security or anti-monopoly related regulations, in this nature may cause the value of such securities to significantly decline. For more details, see " Item 3. Key Information—D. Risk Factors—Risks Relating to Doing Business in China— The PRC government exerts substantial influence over the manner in which we conduct our business activiti

View Full Filing

View this 20-F filing on SEC EDGAR