Dunxin Financial Holdings Ltd
For the period ended Dec 31, 2023. Filed May 16, 2024.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2023 · Filed May 16, 2024
Contents
FORWARD-LOOKING STATEMENTS
This annual report on Form 20-F contains forward-looking statements, within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act with respect to our business, operating results and financial condition as well as our current expectations, assumptions, estimates and projections about our industry. All statements other than statements of historical fact in this annual report are forward-looking statements. These statements relate to events that involve known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors,” which may cause our actual results, performance or achievements to be materially different from any future results, performances 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 “aim,” “predict,” “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “is/are likely to,” “could,” “may,” “plan,” “potential,” “will” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements include, among other things, statements relating to:
| ● | the potential impact of the economic, political and social conditions of the PRC on our business; |
| ● | any changes in the laws of the PRC or local province that may affect our operation; |
| ● | the impact of COVID-19 on our operations and business plans; |
| ● | inflation and fluctuations in foreign currency exchange rates; |
| ● | our ability to operate as a going concern; |
| ● | the liquidity of our securities; |
| ● | our ability to develop and market our microfinance lending business in the future; |
| ● | our exposure to risk associated to the geographic concentration of loans in Hubei Province, China; |
| ● | our on-going ability to obtain all mandatory and voluntary government and other industry certifications, approvals, and/or licenses to conduct our business; |
| ● | our ability to collect loan principal and interest timely and effectively and to pay our debt timely; |
| ● | our ability to maintain effective internal control over financial reporting; |
| ● | our ability to maintain or increase our market share in the competitive markets in which we do business; |
| ● | our dependence on the growth in demand for our loan products; |
| ● | our ability to diversify our product offerings and capture new market opportunities; |
| ● | the costs and losses we may incur as a result of current ongoing and future litigation and claims; |
| ● | our estimates of expenses, capital requirements and needs for additional financing and our ability to fund our current and future operations; |
| ● | the costs we may incur in the future from complying with current and future governmental regulations and the impact of any changes in the regulations on our operations; and |
| ● | the loss of key members of our senior management. |
The forward-looking statements made in this annual report relate only to events or information as of the date on which the statements are made in this annual report. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this annual report and the documents that we reference in this annual report and/or file as exhibits to this annual report completely and with the understanding that our actual future results may be materially different from what we expect.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.