Tian'an Technology Group Ltd Files 20-F Annual Report

TL;DR

<b>Tian'an Technology Group Ltd has submitted its 2023 annual report on Form 20-F, detailing financial data and business operations.</b>

AI Summary

Tian'an Technology Group Ltd (TANAF) filed a Foreign Annual Report (20-F) with the SEC on April 2, 2024. Tian'an Technology Group Ltd filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The company is incorporated in D8 and its fiscal year ends on December 31. Its principal business address is located at No. 3500 Xiupu Road, Pudong New Area, Shanghai, China. The filing includes data related to common stock, additional paid-in capital, retained earnings, and accumulated other comprehensive income for the years 2021, 2022, and 2023. Information on related and non-related party transactions for the fiscal years 2022 and 2023 is also present.

Why It Matters

For investors and stakeholders tracking Tian'an Technology Group Ltd, this filing contains several important signals. This filing provides investors with a comprehensive overview of the company's financial performance and position as of December 31, 2023. The inclusion of data on related and non-related party transactions offers transparency into the company's business dealings.

Risk Assessment

Risk Level: low — Tian'an Technology Group Ltd shows low risk based on this filing. The filing is a standard annual report (20-F) and does not contain immediate red flags, indicating a routine disclosure.

Analyst Insight

Review the detailed financial statements and disclosures within the 20-F filing to understand Tian'an Technology Group Ltd's financial health and operational status for 2023.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-04-02 — Filing Date (Date of submission)
• 333-267453 — SEC File Number (Company's SEC file number)

Key Players & Entities

• Tian'an Technology Group Ltd (company) — Filer of the 20-F report
• 20-F (regulator) — Form type filed
• 2024-04-02 (date) — Filing date
• 2023-12-31 (date) — Fiscal year end
• Shanghai (location) — City of business address
• 0001941189 (company) — Central Index Key

FAQ

Industry Context

The company operates in the Motors & Generators industry (SIC 3621).

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring foreign private issuers to submit annual reports on Form 20-F.

What Investors Should Do

1. Analyze the financial statements for the fiscal year ended December 31, 2023.
2. Review disclosures related to related and non-related party transactions.
3. Examine any risk factors or management discussion and analysis sections if available in the full filing.

Key Dates

• 2024-04-02: Filing Date — Submission of the annual report
• 2023-12-31: Fiscal Year End — Period covered by the financial statements

Year-Over-Year Comparison

This is the initial filing analyzed, so no comparison to a previous filing is available.

Key Financial Figures

• $ — of the People's Republic of China; "US$," "U.S. dollars," "$," or "dollars" are
• $1,064,348 — has incurred an accumulated deficit of $1,064,348 and a negative working capital of $543,
• $543,964 — 4,348 and a negative working capital of $543,964. As of December 31, 2022 the Company ha
• $814,339 — has incurred an accumulated deficit of $814,339 and a negative working capital of $307,
• $307,499 — 4,339 and a negative working capital of $307,499. The Company will require additional fu
• $1.07 b — our total annual gross revenues exceed $1.07 billion, (ii) the date that we become
• $700 million — that is held by non-affiliates exceeds $700 million as of the last business day of our most
• $1 billion — date on which we have issued more than $1 billion in non-convertible debt during the prec
• $75 million — rs that had a public float of less than $75 million as of the last business day of their mo

Filing Documents

• form20-f.htm (20-F) — 1316KB
• ex10-9.htm (EX-10.9) — 69KB
• ex10-10.htm (EX-10.10) — 69KB
• ex10-11.htm (EX-10.11) — 4KB
• ex14-1.htm (EX-14.1) — 36KB
• ex21-1.htm (EX-21.1) — 3KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 12KB
• ex32-1.htm (EX-32.1) — 4KB
• ex32-2.htm (EX-32.2) — 4KB
• form20-f_001.jpg (GRAPHIC) — 67KB
• form20-f_002.jpg (GRAPHIC) — 8KB
• form20-f_003.jpg (GRAPHIC) — 31KB
• form20-f_004.jpg (GRAPHIC) — 28KB
• form20-f_005.jpg (GRAPHIC) — 43KB
• form20-f_006.jpg (GRAPHIC) — 53KB
• form20-f_007.jpg (GRAPHIC) — 28KB
• form20-f_008.jpg (GRAPHIC) — 113KB
• form20-f_009.jpg (GRAPHIC) — 36KB
• audit_001.jpg (GRAPHIC) — 45KB
• ex10-11_001.jpg (GRAPHIC) — 1469KB
• ex10-11_002.jpg (GRAPHIC) — 1814KB
• ex10-11_003.jpg (GRAPHIC) — 2115KB
• ex10-11_004.jpg (GRAPHIC) — 1878KB
• ex10-11_005.jpg (GRAPHIC) — 1643KB
• 0001493152-24-012556.txt (&nbsp;) — 18258KB
• tanaf-20231231.xsd (EX-101.SCH) — 32KB
• tanaf-20231231_cal.xml (EX-101.CAL) — 46KB
• tanaf-20231231_def.xml (EX-101.DEF) — 127KB
• tanaf-20231231_lab.xml (EX-101.LAB) — 236KB
• tanaf-20231231_pre.xml (EX-101.PRE) — 188KB
• form20-f_htm.xml (XML) — 489KB

Selected Financial Data

Selected Financial Data 2 B. Capitalization and Indebtedness 3 C. Reasons for the Offer and Use of Proceeds 3 D.

Risk Factors

Risk Factors 3 ITEM 4. INFORMATION ON THE COMPANY 21 A. History and Development of the Company 21 B. Business Overview 23 C. Organizational Structure 38 D. Property, Plants and Equipment 38 ITEM 4A. UNRESOLVED STAFF COMMENTS 39 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 39 A. Operating Results 39 B. Liquidity and Capital Resources 42 C. Research and Development, Patents and Licenses, Etc. 43 D. Trend Information 43 E. Off Balance Sheet Arrangements 43 F. Tabular Disclosure of Contractual Obligations 43 G. Safe Harbor 46 ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 47 A. Directors and Senior Management 47 B. Compensation 47 C. Board Practices 47 D. Employees 49 E. Share Ownership 49 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 50 A. Major Shareholders 50 B. Related Party Transactions 50 C. Interests of Experts and Counsel 50 ITEM 8. FINANCIAL INFORMATION 50 A. Consolidated Statements and Other Financial Information 50 B. Significant Changes 51 ITEM 9. THE OFFER AND LISTING 51 A. Offer and Listing Details 51 B. Plan of Distribution 51 C. Markets 51 D. Selling Shareholders 51 E.

Dilution

Dilution 51 F. Expenses of the Issue 51 i ITEM 10. ADDITIONAL INFORMATION 52 A. Share Capital 52 B. Memorandum and Articles of Association 52 C. Material Contracts 56 D. Exchange Controls 56 E. Taxation 58 F. Dividends and Paying Agents 62 G. 62 H. Documents on Display 62 I. Subsidiary Information 62 ITEM 11.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 62 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 63 A. Debt Securities 63 B. Warrants and Rights 63 C. Other Securities 63 D. American Depositary Shares 63 PART II ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 63 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 63 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 64 A. Disclosure Controls and Procedures 64 B. Management's Annual Report on Internal Control Over Financial Reporting 64 C. Attestation Report of the Registered Public Accounting Firm 64 D. Changes in Internal Controls over Financial Reporting 64 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 64 ITEM 16B. CODE OF ETHICS 64 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 65 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 65 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 65 ITEM 16F. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT 65 ITEM 16G. CORPORATE GOVERNANCE 65 ITEM 16H. MINE SAFETY DISCLOSURE 65 PART III ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 65 ii INTRODUCTORY NOTES Use of Certain Defined Terms Except as otherwise indicated by the context and for the purposes of this report only, references in this report to: "Tian'an Technology Group Ltd.," "the Company," "we," "us," "our company" or "our" are to Tian'an Technology Group Ltd a British Virgin Islands corporation, its subsidiaries and its consolidated affiliated entities. Tian'an Technology Group Ltd., is a limited company organized under the laws of the British Virgin Islands and is the holding company of Yunke Jingrong Information Technology Co., Ltd., its wholly owned subsidiary; "China" or the "PRC" are to the People's Republic of China, including Hong Kong and Macau, and excluding, for the purposes of this report only, Taiwan. "Ordinary shares" or "Shares" are to our ordinary shares, no par value per share; "RMB," "Renminbi" "Yuan," or "" are to the legal currency of the People's Republic of China; "US$," "U.S. dollars," "$," or "dollars" are to the legal currency of the United States; Shanghai Qige Power Technology Co., Ltd., which is the operating company for Tian'an Technology Group Ltd., is a limited company organized under the laws of China and is the wholly owned subsidiary of Yunke Jingrong Information Technology Co., Ltd. Yunke Jingrong Information Technology Co., Ltd. is a limited company organized under the laws of China and is the parent company for Shanghai Qige Power Technology Co., Ltd., its wholly owned subsidiary. Cautionary Note Regarding Forward-Looking Statements In addition to historical information, this report contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. We use words such as "believe," "expect," "anticipate," "project," "target," "plan," "optimistic," "intend," "aim," "will" or similar expressions which are intended to identify forward-looking statements. Such statements include, among others, thos

View Full Filing

View this 20-F filing on SEC EDGAR