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CXJ GROUP CO Ltd

For the period ended May 31, 2024. Filed Nov 8, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Nov 8, 2024

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

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

For the fiscal years endedMay 31,2024 and 2023 (as restated)

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

For the transition period from ____________to ____________

Commission File Number:000-56425

CXJ GROUP CO., LIMITED

(Exact name of registrant as specified in its charter)

Nevada85-2041913
(State or other jurisdiction of(I.R.S. Employer
incorporation or organization)Identification Number)

(Address of principal executive office and zip code)

Room 401, 4th Floor, East Block Building 5,

Xintiandi Business Center, No. 7 Anqiaogang Road,

Gongshu District, Hangzhou City,

Zhejiang Province, China 310017.

(86) 186 6817 5727

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:None

Securities registered pursuant to Section 12(g) of the Act:Common stock, par value $0.001 per share

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ☐No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes ☐No ☒

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 issuer 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, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

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

If an emerging growth company, 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. ☐

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.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

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 whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No☒

The aggregate market value of the voting and non-voting common equity held by non-affiliates was approximately $65,908,415, computed by reference to the price at which the common equity was last sold, as of September 2, 2024.

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

ClassOutstanding as at August 16, 2024
Common Stock, $0.001 par value101,710,517

TABLE OF CONTENTS

Cautionary Notes Regarding Forward-Looking Statements3
PART I
ITEM 1Business4
ITEM 1ARisk Factors11
ITEM 1BUnresolved Staff Comments35
ITEM 2Properties35
ITEM 3Legal Proceedings35
ITEM 4Mine Safety Disclosures35
PART II
ITEM 5Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities36
ITEM 6Selected Financial Data36
ITEM 7Management’s Discussion and Analysis of Financial Condition and Results of Operations36
ITEM 7AQuantitative and Qualitative Disclosures about Market Risk39
ITEM 8Financial Statements and Supplementary Data39
ITEM 9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure39
ITEM 9AControls and Procedures40
ITEM 9BOther Information41
PART III
ITEM 10Directors, Executive Officers and Corporate Governance42
ITEM 11Executive Compensation44
ITEM 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters45
ITEM 13Certain Relationships and Related Transactions, and Director Independence46
ITEM 14Principal Accounting Fees and Services47
PART IV
ITEM 15Exhibits and Financial Statement Schedules47

EXPLANATORY NOTE

Unless the context requires otherwise, references to “Company,” “ECXJ,” “we,” “us” and “our” are to CXJ Group Co., Limited.

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.