Skip to main content

CytoMed Therapeutics Ltd

For the period ended Dec 31, 2023. Filed Apr 22, 2024.

View on SEC.gov

About this filing

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 Apr 22, 2024

GDTC$0.86-2.4%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits
Contents

Cover page

Show cover page

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 20-F

(Mark One)

☐REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

For the fiscal year endedDecember 31,2023

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this shell company report: Not applicable

For the transition period from _______ to _______

Commission file number:001-41677

CytoMed Therapeutics Limited

(Exact name of Registrant as specified in its charter)

n/a

(Translation of Registrant’s name into English)

Republic of Singapore

(Jurisdiction of incorporation or organization)

1 Commonwealth Lane

**#08-22 **

Singapore 149544

(Address of principal executive offices)

Choo Chee Kong

Chairman and Director

Phone:+65 6250 7738

Email: peterchoo@cytomed.sg

c/o CytoMed Therapeutics Limited

1 Commonwealth Lane

**#08-22 **

Singapore 149544

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of classTrading SymbolName of exchange on which registered
Ordinary shares, no par value per shareGDTCThe Nasdaq Stock Market LLC

Securities registered or to be registered pursuant to Section 12(g) of the Act: None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None

Indicate the number of outstanding shares of each of the issuer’s classes of capital or ordinary shares as of the close of the period covered by the annual report: As of December 31, 2023, there were 11,529,328 of the registrant’s ordinary shares, issued and outstanding. As of April 22, 2024 there were 11,540,000 ordinary shares outstanding.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ☐ Yes ☒No

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. ☐ Yes ☒No

Note – Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☐ Yes ☒No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒Yes ☐No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐Accelerated filer ☐Non-accelerated filer ☒
Emerging growth company ☒

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act.☐

† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b) by the registered public accounting firm that prepared or issued its audit report.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

U.S. GAAP ☐International Financial Reporting Standards as issued by the International Accounting Standards Board ☒Other ☐

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.

☐ 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

(APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

☐ Yes ☐ No

TABLE OF CONTENTS

Page
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS-ii-
DEFINITIONSiii
PART I1
ITEM 1.IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS1
ITEM 2.OFFER STATISTICS AND EXPECTED TIMETABLE1
ITEM 3.KEY INFORMATION1
A.[RESERVED]1
B.CAPITALIZATION AND INDEBTEDNESS1
C.REASONS FOR THE OFFER AND USE OF PROCEEDS1
D.RISK FACTORS1
ITEM 4.INFORMATION ON THE COMPANY48
A.HISTORY AND DEVELOPMENT OF THE COMPANY48
B.BUSINESS OVERVIEW49
C.ORGANIZATIONAL STRUCTURE105
D.PROPERTY, PLANTS AND EQUIPMENT105
ITEM 4A.UNRESOLVED STAFF COMMENTS105
ITEM 5.OPERATING AND FINANCIAL REVIEW AND PROSPECTS105
ITEM 6.DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES114
A.DIRECTORS AND SENIOR MANAGEMENT114
B.COMPENSATION120
C.BOARD PRACTICES120
D.EMPLOYEES122
E.SHARE OWNERSHIP124
F.DISCLOSURE OF A REGISTRANT’S ACTION TO RECOVER ERRONEOUSLY AWARDED COMPENSATION.124
ITEM 7.MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS124
A.MAJOR SHAREHOLDERS124
B.RELATED PARTY TRANSACTIONS125
C.INTERESTS OF EXPERTS AND COUNSEL127
ITEM 8.FINANCIAL INFORMATION127
ITEM 9.THE OFFER AND LISTING127
A.OFFERING AND LISTING DETAILS127
B.PLAN OF DISTRIBUTION127
C.MARKETS127
D.DILUTION127
E.EXPENSE OF THE ISSUE127
ITEM 10.ADDITIONAL INFORMATION128
A.SHARE CAPITAL128
B.CONSTITUTION OF THE COMPANY128
C.MATERIAL CONTRACTS128
D.EXCHANGE CONTROLS128
E.TAXATION128
F.DIVIDENDS AND PAYING AGENTS134
G.STATEMENT BY EXPERTS134
H.DOCUMENTS ON DISPLAY134
I.SUBSIDIARY INFORMATION134
ITEM 11.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK134
ITEM 12.DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES135
PART II135
ITEM 13.DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES135
ITEM 14.MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS135
A-D.MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS135
E.USE OF PROCEEDS135
ITEM 15.CONTROLS AND PROCEDURES135
ITEM 16.RESERVED136
ITEM 16A.AUDIT COMMITTEE FINANCIAL EXPERT136
ITEM 16B.CODE OF ETHICS136
ITEM 16C.PRINCIPAL ACCOUNTANT FEES AND SERVICES136
ITEM 16D.EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES136
ITEM 16E.PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS136
ITEM 16F.CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT137
ITEM 16G.CORPORATE GOVERNANCE137
ITEM 16H.MINE SAFETY DISCLOSURE137
ITEM 16I.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS137
ITEM 16J.INSIDER TRADING POLICIES137
ITEM 16K.CYBERSECURITY137
PART III138
ITEM 17.FINANCIAL STATEMENTS138
ITEM 18.FINANCIAL STATEMENTS138
ITEM 19.EXHIBITS138

-i-

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.