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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 20-F

(Mark One)

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

OR

For the fiscal year ended December 31, 2025

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 ______________________

For the transition period from to

Commission file number:001-38203

(Exact name of Registrant as specified in its charter)

Not applicable

(Translation of Registrant’s name into English)

Cayman Islands

(Jurisdiction of incorporation or organization)

Maples Corporate Services Limited,

PO Box 309,

Ugland House,

Grand Cayman KY1-1104

Cayman Islands

(Address of principal executive offices)

Arthur Giterman, Chief Executive Officer & Chief Financial Officer

4550 North Point Parkway

Suite 370

Alpharetta GA 30022

Phone: (888)652-2848

Email: Arthur.Giterman@prometheanworld.com

(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 each classTrading Symbol(s)Name of each exchange on which registered
American depositary shares, each representing 10 ordinary shares par value US$0.001 per shareMYNDNYSE American

Securities registered or to be registered pursuant to Section 12(g) of the Act.

None

(Title of Class)

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act.

None

(Title of Class)

Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.

As of December 31, 2025, there were 462,192,400 ordinary shares outstanding, par value US$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

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 definition 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.☐

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 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

TABLE OF CONTENTS

Page
INTRODUCTION2
FORWARD-LOOKING STATEMENTS2
PART I3
ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISORS3
ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE3
ITEM 3. KEY INFORMATION3
A. Reserved3
B. Capitalization and Indebtedness3
C. Reasons for the Offer and Use of Proceeds3
D. Risk Factors3
ITEM 4. INFORMATION ON THE COMPANY32
A. History and Development of the Company32
B. Business Overview33
C. Organizational Structure43
D. Property, Plant and Equipment44
ITEM 4A. UNRESOLVED STAFF COMMENTS44
ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS44
A. Operating Results44
B. Liquidity and Capital Resources51
C. Research and Development, Patents and Licenses53
D. Trend Information53
E. Critical Accounting Estimates54
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES57
A. Directors and Senior Management57
B. Compensation59
C. Board Practices61
D. Employees63
E. Share Ownership63
F. Disclosure of registrant’s action to recover erroneously awarded compensation63
ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS63
A. Major Shareholders63
B. Related Party Transactions64
C. Interests of Experts and Counsel66
ITEM 8. FINANCIAL INFORMATION67
A. Consolidated Statements and Other Financial Information67
B. Significant Changes67
ITEM 9. THE OFFER AND LISTING67
ITEM 10. ADDITIONAL INFORMATION67
ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK74
ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES75
PART II77
ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES77
ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS77
ITEM 15. CONTROLS AND PROCEDURES77
A. Disclosure Controls and Procedures77
C. Attestation Report of the Registered Public Accounting Firm79
D. Changes in Internal Control Over Financial Reporting79
ITEM 16. [RESERVED]79
ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT80
ITEM 16B. CODE OF ETHICS80
ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES80
ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES80
ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS81
ITEM 16F. CHANGE IN THE REGISTRANT'S CERTIFYING ACCOUNTANT81
ITEM 16G. CORPORATE GOVERNANCE81
ITEM 16H. MINE SAFETY DISCLOSURE82
ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS82
ITEM 16J. INSIDER TRADING POLICIES82
ITEM 16K. CYBERSECURITY82
PART III84
ITEM 17. FINANCIAL STATEMENTS84
ITEM 18. FINANCIAL STATEMENTS84
ITEM 19. EXHIBITS126
SIGNATURES127
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.