QMMM Holdings Ltd Files 2024 Annual 20-F Report

TL;DR

QMMM Holdings Ltd dropped its 2024 20-F, check financials for ad agency.

AI Summary

QMMM Holdings Ltd filed its annual 20-F report for the fiscal year ending September 30, 2024. The company, incorporated in E9 and headquartered in Hong Kong, operates in the advertising agencies sector. The filing covers financial data and business operations for the period.

Why It Matters

This filing provides investors with a comprehensive overview of QMMM Holdings Ltd's financial performance and business activities for the fiscal year 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — The filing is a standard annual report and does not contain immediate red flags or significant new disclosures that would indicate elevated risk.

Key Numbers

• 2024-09-30 — Fiscal Year End (The end date for the reporting period covered by the 20-F.)
• 2025-01-27 — Filing Date (The date the 20-F report was officially filed with the SEC.)

Key Players & Entities

• QMMM Holdings Ltd (company) — Filer of the 20-F report
• 7311 (dollar_amount) — Standard Industrial Classification code for Services-Advertising Agencies
• E9 (dollar_amount) — State of incorporation
• Hong Kong (company) — Business and mailing address location

FAQ

Key Financial Figures

• $0.0001 — registered Ordinary shares, par value $0.0001 per share QMMM The Nasdaq Capital M
• $ — , the legal currency of Hong Kong; "US$," "U.S. dollars," "
  quot; and "dollars" are
• $1,580,198 — or at all. We incurred net a loss of $1,580,198 for the year ended September 30, 2024.
• $2,513,747 — e Company had an accumulated deficit of $2,513,747; its net cash used in operating activit
• $6,250,549 — r the year ended September 30, 2024 was $6,250,549. While our auditors have substantial do
• $216,109 — man solutions generated approximately US$216,109 and US$200,873 which accounted for appr
• $200,873 — enerated approximately US$216,109 and US$200,873 which accounted for approximately 7.7%

Filing Documents

• form20-f.htm (20-F) — 2063KB
• ex2-1.htm (EX-2.1) — 71KB
• ex12-1.htm (EX-12.1) — 21KB
• ex12-2.htm (EX-12.2) — 21KB
• ex13-1.htm (EX-13.1) — 9KB
• ex97-1.htm (EX-97.1) — 37KB
• form20-f_01.jpg (GRAPHIC) — 62KB
• form20-f_02.jpg (GRAPHIC) — 61KB
• form20-f_002.jpg (GRAPHIC) — 363KB
• form20-f_003.jpg (GRAPHIC) — 164KB
• form20-f_004.jpg (GRAPHIC) — 262KB
• form20-f_006.jpg (GRAPHIC) — 20KB
• 0001493152-25-003751.txt ( ) — 10418KB
• qmmm-20240930.xsd (EX-101.SCH) — 55KB
• qmmm-20240930_cal.xml (EX-101.CAL) — 82KB
• qmmm-20240930_def.xml (EX-101.DEF) — 171KB
• qmmm-20240930_lab.xml (EX-101.LAB) — 366KB
• qmmm-20240930_pre.xml (EX-101.PRE) — 278KB
• form20-f_htm.xml (XML) — 1370KB

Item 18

Item 17 Item 18 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 Exchange Act). Yes No TABLE OF CONTENTS

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS 4 DEFINITIONS 5 PART I 6

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS 6

OFFER STATISTICS AND EXPECTED TIMETABLE

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE 6

KEY INFORMATION

ITEM 3. KEY INFORMATION 6 B. Capitalization and Indebtedness. 6 C. Reason for the Offer and Use of Proceeds. 6 D. Risk Factors. 6

INFORMATION ON THE COMPANY

ITEM 4. INFORMATION ON THE COMPANY 34 A. History and Development of the Company. 34 B. Business overview. 37 C. Organizational structure. 46 D. Property, plant and equipment. 4 7

UNRESOLVED STAFF COMMENTS

ITEM 4A. UNRESOLVED STAFF COMMENTS 4 7

OPERATING AND FINANCIAL REVIEW AND PROSPECTS

ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 4 8 A. Operating results. 4 8 B. Liquidity and capital resources. 5 0 C. Research and development, patents and licenses, etc. 5 2 D. Trend information. 5 2 E. Critical accounting estimates 5 2

DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES

ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 5 3 A. Directors and senior management. 5 3 B. Compensation. 5 5 C. Board Practices. 5 6 D. Employees. 59 E. Share Ownership. 59 F. Disclosure of a registrant's action to recover erroneously awarded compensation. 6 0

MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 6 0 A. Major Shareholders. 6 0 B. Related Party Transactions. 6 0 C. Interests of Experts and Counsel 6 1

FINANCIAL INFORMATION

ITEM 8. FINANCIAL INFORMATION 6 1 A. Consolidated Statements and Other Financial Information. 6 1 B. Significant Changes. 6 1

THE OFFER AND LISTING

ITEM 9. THE OFFER AND LISTING 6 2 A. Offer and Listing Details. 6 2 B. Plan of Distribution. 6 2 C. Markets. 6 2 D. Selling Shareholders. 6 2 E. Dilution. 6 2 F. Expenses of the Issue. 6 2 2

ADDITIONAL INFORMATION

ITEM 10. ADDITIONAL INFORMATION 6 2 A. Share Capital. 62 B. Memorandum and Articles of Association. 62 C. Material Contracts. 64 D. Exchange controls. 64 E. Taxation. 64 F. Dividends and paying agents. 68 G. Statement by experts. 68 H. Documents on display. 69 I. Subsidiary Information 69

QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK

ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK 69

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 69 PART II 7 0

DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES

ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 7 0

MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS

ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 7 0

CONTROLS AND PROCEDURES

ITEM 15. CONTROLS AND PROCEDURES 7 0

AUDIT COMMITTEE FINANCIAL EXPERT

ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 7 1

CODE OF ETHICS

ITEM 16B. CODE OF ETHICS 7 1

PRINCIPAL ACCOUNTANT FEES AND SERVICES

ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 7 1

EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES

ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 7 2

PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS

ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 7 2

CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

ITEM 16F. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT 72

CORPORATE GOVERNANCE

ITEM 16G. CORPORATE GOVERNANCE 72

MINE SAFETY DISCLOSURE

ITEM 16H. MINE SAFETY DISCLOSURE 72 PART III 7 3

FINANCIAL STATEMENTS

ITEM 17. FINANCIAL STATEMENTS 7 3

FINANCIAL STATEMENTS

ITEM 18. FINANCIAL STATEMENTS 73

EXHIBITS

ITEM 19. EXHIBITS 7 3 REPORTS OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMS F-2 CONSOLIDATED BALANCE SHEETS F-3 CONSOLIDATED STATEMENTS OF OPERATIONS F-4 CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY F-5 CONSOLIDATED STATEMENTS OF CASH FLOWS F-6

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS F-7 3 FORWARD-LOOKING This Annual Report contains forward-looking statements that involve substantial risks and uncertainties. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the words "may," "might," "will," "could," "would," "should," "expect," "intend," "plan," "goal," "objective," "anticipate," "believe," "estimate," "predict," "potential," "continue" and "ongoing," or the negative of these terms, or other comparable terminology intended to identify statements about the future. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking of the date of this Annual Report and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. Forward-looking timing of the development of future business; capabilities of our business operations; expected future economic performance; competition in our market; continued market acceptance of our services and products; protection of our intellectual property rights; changes in the laws that affect our operations; inflation and fluctuations in foreign currency exchange rates; our ability to obtain and maintain all necessary government certifications, approvals, and/or licenses to conduct our busines

View Full Filing

View this 20-F filing on SEC EDGAR