Tianci International Inc
For the period ended Jul 31, 2024. Filed Oct 22, 2024.
View on SEC.govAbout this filing
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 Oct 22, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 4. Mine Safety Disclosures
Part II
(a) Market Information
The Company’s common stock is quoted on the OTC Pink Market under the symbol “CIIT”. The quotations reported on the OTC Pink Market reflect inter-dealer prices without retail markup, markdown or commissions, and may not necessarily represent actual transactions.
The Company’s common stock is thinly traded. The quoted bid and asked prices for the Common Stock vary significantly from week to week. An investor holding shares of the Company’s Common Stock may find it difficult to sell the shares and may find it impossible to sell more than a small number of shares at the quoted bid price.
(b) Shareholders
Our shareholders list contains the names of 132 stockholders of record of the Company’s Common Stock.
(c) Dividends
Any future decisions regarding dividends will be made by our board of directors. We currently intend to retain and use any future earnings for the development and expansion of our business and do not anticipate paying any cash dividends in the foreseeable future. Our board of directors has complete discretion on whether to pay dividends, subject to the approval of our stockholders. Even if our board of directors decides to pay dividends, the form, frequency and amount will depend upon our future operations and earnings, capital requirements and surplus, general financial condition, contractual restrictions and other factors that the board of directors may deem relevant.
(d) Securities Authorized for Issuance Under Equity Compensation Plans
The information set forth in the table below regarding equity compensation plans (which include individual compensation arrangements) was determined as of July 31, 2024.
| Number of securities to be issued upon exercise of outstanding options, warrants and rights · Weighted average exercise price of outstanding options, warrants and rights · Number of securities remaining available for future issuance under equity compensation plans | ||||
|---|---|---|---|---|
| Equity compensation plans approved by security holders | 0 | N.A. | 7,000,000 | (1) |
| Equity compensation plans not approved by security holders | 0 | N.A. | 0 | |
| Total | 0 | N.A. | 7,000,000 | |
(1) In 2024 the Board of Directors adopted the 2024 Equity Incentive Plan. The Plan authorized the Board to issue up to 7,000,000 common shares during the ten year period of the Plan. The shares may be awarded to employees or directors of Tianci International, Inc. or its subsidiaries as well as to consultants to those entities. The shares may be awarded as outright grants or in the form of options, restricted stock, performance shares, deferred stock units or stock appreciation rights. 7,000,000 shares remain available for issuance under the plan.
(e) Sale of Unregistered Securities
The Company did not make any sale of unregistered securities during the 4 th quarter of fiscal year 2023.
(f) Repurchase of Equity Securities
The Company did not repurchase any shares of its common stock during the 4 th quarter of fiscal year 2024.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.