Overview
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- TickerCIIT on Nasdaq1
- IndustryComputer Communications Equipment1
- HeadquartersNV1
- Incorporated inNV3
- Business addressUnit 1109, Lippo Sun Plaza, 28 Canton Road, Tsim Sha Tsui, Kowloon, 9990773
- Filer categoryNon-accelerated filer, Smaller reporting company3
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Cost Management: Managing and optimizing the costs associated with cargo transportation.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Global Logistics Services brought in 94% of the revenue Tianci International, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Global Logistics Services | $8.3M | $9.0M |
| Business Consulting Services | $145.0K | $276.6K |
| Other Revenue | $296.9K | $276.6K |
Regions
Hong Kong brought in 87% of the revenue Tianci International, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| Hong Kong | $6.6M | $8.1M |
| Japan | $1.0M | $954.1K |
| VN | $953.3K | $166.8K |
| Singapore | $1.2K | $53.6K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue95¢$8.8M
- Other costs5¢$444.3K
- Income tax0¢$5.8K
Out of $9.3M in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Total Operating Revenues | $9.3M | $8.6M |
| Total Cost of Revenues | $8.8M | $7.6M |
| Gross profit | $450.1K | $1.1M |
| Selling and marketing | $230.8K | $366.0K |
| General and administrative | $2.9M | $520.9K |
| Total operating expenses | $3.2M | $886.9K |
| Income (loss) from operations | -$2.7M | $168.3K |
| Other income (loss) net | $27.4K | -$22.1K |
| Income (loss) before provision for income taxes | -$2.7M | $146.2K |
| Provision for income taxes | $5.8K | $35.9K |
| Net income (loss) | -$2.7M | $110.3K |
| Less: net income (loss) attributable to non-controlling interest | -$45.6K | $55.9K |
| Net income (loss) attributable to TIANCI INTERNATIONAL, INC. | -$2.6M | $54.5K |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.2
| Period ending | 2025-07-31 | 2025-06-30 | 2024-07-31 | 2023-07-31 | 2023-01-31 |
|---|---|---|---|---|---|
| Cash | $2.4M | $413.1K | |||
| Prepayment and other current assets | $382.6K | $1.8K | |||
| Inventory | $215.3K | $0 | |||
| Deferred offering costs | $0 | $495.4K | |||
| Total current assets | $3.0M | $910.3K | |||
| Lease security deposit | $23.2K | $1.7K | |||
| Lease right-of-use asset | $119.5K | $124.5K | $0 | $8.7K | |
| Total non-current assets | $142.7K | $1.7K | |||
| TOTAL ASSETS | $3.1M | $912.0K | |||
| Accounts payable | $18.6K | $0 | |||
| Income taxes payable | $16.1K | $62.2K | |||
| Due to related parties | $0 | $2.3K | |||
| Lease liability-current | $57.9K | $0 | |||
| Accrued liabilities and other payables | $5.1K | $57.5K | |||
| Total current liabilities | $97.7K | $122.0K | |||
| Lease liability - noncurrent | $61.4K | $0 | |||
| Total liabilities | $159.1K | $122.0K | |||
| Common stock, $0.0001 par value, 100,000,000 shares authorized; 16,531,803 and 14,781,803 shares issued and outstanding as of July 31, 2025 and 2024 | $1.7K | $1.5K | |||
| Additional paid-in capital | $5.8M | $962.4K | |||
| Accumulated deficit | -$2.9M | -$222.1K | |||
| Total stockholders' equity attributable to TIANCI INTERNATIONAL, INC. | $3.0M | $741.8K | |||
| Non-controlling interest | $2.6K | $48.2K | |||
| Total stockholders equity | $3.0M | $790.0K | -$278.6K | ||
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $3.1M | $912.0K | |||
| Common stock, par value | $0.00 | $0.00 | |||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | |||
| Common stock, shares issued | 16.5M shares | 14.8M shares | |||
| Common stock, shares outstanding | 16.5M shares | 14.8M shares |
| Period ending | 2025-07-31 | 2025-06-30 | 2024-07-31 | 2023-07-31 | 2023-01-31 |
|---|---|---|---|---|---|
| Cash | $2.4M | $413.1K | |||
| Prepayment and other current assets | $382.6K | $1.8K | |||
| Inventory | $215.3K | $0 | |||
| Deferred offering costs | $0 | $495.4K | |||
| Total current assets | $3.0M | $910.3K | |||
| Lease security deposit | $23.2K | $1.7K | |||
| Lease right-of-use asset | $119.5K | $124.5K | $0 | $8.7K | |
| Total non-current assets | $142.7K | $1.7K | |||
| TOTAL ASSETS | $3.1M | $912.0K | |||
| Accounts payable | $18.6K | $0 | |||
| Income taxes payable | $16.1K | $62.2K | |||
| Due to related parties | $0 | $2.3K | |||
| Lease liability-current | $57.9K | $0 | |||
| Accrued liabilities and other payables | $5.1K | $57.5K | |||
| Total current liabilities | $97.7K | $122.0K | |||
| Lease liability - noncurrent | $61.4K | $0 | |||
| Total liabilities | $159.1K | $122.0K | |||
| Common stock, $0.0001 par value, 100,000,000 shares authorized; 16,531,803 and 14,781,803 shares issued and outstanding as of July 31, 2025 and 2024 | $1.7K | $1.5K | |||
| Additional paid-in capital | $5.8M | $962.4K | |||
| Accumulated deficit | -$2.9M | -$222.1K | |||
| Total stockholders' equity attributable to TIANCI INTERNATIONAL, INC. | $3.0M | $741.8K | |||
| Non-controlling interest | $2.6K | $48.2K | |||
| Total stockholders equity | $3.0M | $790.0K | -$278.6K | ||
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $3.1M | $912.0K | |||
| Common stock, par value | $0.00 | $0.00 | |||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | |||
| Common stock, shares issued | 16.5M shares | 14.8M shares | |||
| Common stock, shares outstanding | 16.5M shares | 14.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Net income (loss) | -$2.7M | $110.3K |
| Amortization of operating lease right-of-use asset | $4.9K | $356 |
| Warrants issuance to consultant | $158.4K | $0 |
| Debt forgiven by related party | $0 | -$25.0K |
| Prepayment and other current assets | -$380.7K | -$70 |
| Inventory | -$215.3K | $0 |
| Lease security deposit | -$21.5K | -$114 |
| Advances from customers | $0 | -$29.1K |
| Accounts payable | $18.6K | -$777 |
| Income taxes payable | -$46.1K | $35.9K |
| Operating lease liabilities | -$5.2K | -$356 |
| Accrued liabilities and other payables | -$52.4K | $21.5K |
| Net cash (used in) provided by operating activities | -$3.2M | $112.7K |
| Repayment of working capital advance to related party | -$10.8K | -$28.1K |
| Operating expenses directly paid by shareholders | $0 | $139 |
| Working capital advance from related party | $8.5K | $54.1K |
| Proceeds received from public or private offerings | $5.4M | $513.2K |
| Deferred offering costs incurred | -$219.1K | -$495.4K |
| Net cash provided by financing activities | $5.2M | $44.0K |
| Net increase in cash | $2.0M | $156.8K |
| Interest | $0 | $0 |
| Income taxes | $51.9K | $0 |
| Early termination of right-of-use assets and lease liabilities | $0 | $6.1K |
| Conversion of liabilities to common stock | $0 | $445.1K |
| Conversion of preferred stock to common stock | $0 | $800 |
| Deferred offering costs net against proceeds from public offering | $714.5K | $0 |
| Initial recognition of right-of-use assets and lease liabilities, net of disposal | $124.5K | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
Tianci International, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Tianci International, Inc.
- Alta Partners LLC Filed SCHEDULE 13G on Tianci International, Inc., latest Aug 26, 2026
- S.H.N. Financial Investments Ltd. Filed SCHEDULE 13G/A on Tianci International, Inc., latest Aug 20, 2026 (3 filings since Jun 24, 2026)
- L1 Capital Global Opportunities Master Fund, Ltd. Filed SCHEDULE 13G/A on Tianci International, Inc., latest Aug 14, 2026 (2 filings since Jun 23, 2026)
- Shufang Gao Filed SCHEDULE 13D on Tianci International, Inc., latest Nov 7, 2025
- Tianci International, Inc. NV
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Tianci International, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | $119.5K2 Jul 31, 2025 | $02 Jul 31, 2024 |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, net | $119.5K2 Jul 31, 2025 |
Inventory
Properties, in its own words
Our principal executive office is located at Unit 1109, Lippo Sun Plaza, 28 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong, covering a total area of approximately 1,200 square feet. The premises are provided by a third-party pursuant to an office rental service agreement and the service term expires in June 2027. After that, we intend to renew the service term. The office meets the office space needs of all of our business segments.
Management believes the real property leased by Roshing will be adequate for its operations for the foreseeable future.
Item 2 of the 10-K filed Oct 3, 2025.4
Leadership
Who has led Tianci International, Inc., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
- Chief executive officerZhigang Pei Sep 7, 2021 to Sep 7, 202113
- Chief executive officerSu Mei Chuah Aug 15, 2017 to Aug 27, 202114
- Chief executive officerCuilian Cai Nov 2, 2016 to Nov 2, 201615
- Chief executive officerAnton Lin Jan 31, 2014 to Oct 7, 201516
- PresidentSu Mei Chuah Aug 15, 2017 to Aug 27, 202114
- Chief financial officerZhigang Pei Sep 7, 2021 to Sep 7, 202113
- Chief financial officerSu Chen Chuah Aug 15, 2017 to Aug 27, 202117
- Chief financial officerCuilian Cai Nov 2, 2016 to Nov 2, 201615
Board members and other officers (13)
- Chief Technology OfficerYuen Kai Yeow Aug 15, 2017 to Aug 15, 201718
- Board memberFan Liu Sep 3, 2021 to Sep 3, 202119
- Board memberShufang Gao Sep 3, 2021 to Sep 3, 202120
- Board memberWei Fang Sep 3, 2021 to Sep 3, 202121
- Board memberWeiyu Zhu Sep 3, 2021 to Sep 3, 202122
- Board memberYee Man Yung Sep 3, 2021 to Sep 3, 202123
- Board memberZhigang Pei Sep 7, 2021 to Sep 7, 202113
- Board memberSu Chen Chuah Aug 15, 2017 to Aug 27, 202117
- Board memberSu Mei Chuah Aug 15, 2017 to Aug 27, 202114
- Board memberYuen Kai Yeow Aug 15, 2017 to Aug 15, 201718
- Board memberJerry Ooi Aug 30, 2017 to Aug 27, 202124
- Board memberCuilian Cai Nov 2, 2016 to Nov 2, 201615
- Board memberAnton Lin Jan 31, 2014 to Oct 7, 201516
Former names
Timeline
- Oct 15, 20268-K Entered a material agreement; Unregistered sale of shares25
- Oct 6, 20268-K Other events26
- Sep 15, 20268-K Other events27
- Sep 9, 20268-K Other events28
- Aug 24, 20268-K Entered a material agreement29
- Jul 31, 20268-K Executive or director change30
- Jul 24, 20268-K Other events31
- Jul 22, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed32
- Jul 21, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Regulation FD disclosure33
- Jun 26, 20268-K Other events34
- Jun 22, 20268-K Results of operations35
- Jun 18, 20268-K Entered a material agreement; Other events36
- Sep 7, 2021New chief executive Zhigang Pei becomes CEO13
- Aug 15, 2017New chief executive Su Mei Chuah becomes CEO14
- Nov 2, 2016New chief executive Cuilian Cai becomes CEO15
- Jan 31, 2014New chief executive Anton Lin becomes CEO16
Calendar
When it reported results
- Jun 22, 2026Reported quarterly or annual results35
- Mar 16, 2026Reported quarterly or annual results37
- Dec 15, 2025Reported quarterly or annual results38
- Oct 3, 2025Reported quarterly or annual results39
- Jun 10, 2025Reported quarterly or annual results40
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
92 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 30 major events, 7 large holders, 35 other. The latest 20:
- Oct 15, 20268-K CURRENT REPORT EDGAR
- Oct 6, 20268-K EDGAR
- Sep 15, 20268-K EDGAR
- Sep 9, 20268-K CURRENT REPORT EDGAR
- Aug 26, 2026SCHEDULE 13G EDGAR
- Aug 24, 20268-K CURRENT REPORT EDGAR
- Aug 20, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Jul 31, 20268-K CURRENT REPORT EDGAR
- Jul 24, 20268-K CURRENT REPORT EDGAR
- Jul 22, 20268-K/A AMENDMENT NO 1 EDGAR
- Jul 21, 20268-K EDGAR
- Jun 26, 20268-K CURRENT REPORT EDGAR
- Jun 24, 2026SCHEDULE 13G EDGAR
- Jun 23, 2026SCHEDULE 13G EDGAR
- Jun 22, 20268-K CURRENT REPORT EDGAR
- Jun 22, 2026424B3 EDGAR
- Jun 22, 202610-Q FORM 10-Q FOR APR 2026 EDGAR
- Jun 18, 20268-K CURRENT REPORT EDGAR
The 92 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Alta Partners LLCSCHEDULE 13G, 1 filing Aug 26, 202641
- S.H.N. Financial Investments Ltd.SCHEDULE 13G/A, 3 filings Jun 24, 2026 to Aug 20, 202642
- L1 Capital Global Opportunities Master Fund, Ltd.SCHEDULE 13G/A, 2 filings Jun 23, 2026 to Aug 14, 202643
- Shufang GaoSCHEDULE 13D, 1 filing Nov 7, 202544
SEC filer profile
How Tianci International, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARTianci International, Inc.1
- CIK0001557798
- Employer ID (EIN)45-55404464
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company4
- Incorporated inNevada4
- Fiscal year endsJuly 311
- Industry code (SIC)3576 Computer Communications Equipment1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business addressUnit 1109, Lippo Sun Plaza, 28 Canton Road, Tsim Sha Tsui, Kowloon, 999077, Hong Kong1
- Phone852 266218001
- Shares outstanding9,673,907 as of Jun 22, 202612
- Public float$25.4M as of Jan 31, 20254
- AuditorBush & Associates CPA LLC, Henderson, Nevada PCAOB ID 6797; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceSep 24, 20121
- Filings211 in all: 8-K (54), 10-Q (42), 3 (16), 10-K (13), NT 10-Q (10), S-1/A (9), CORRESP (8), 4 (7)1
All 28 form types
SC 13D (7), UPLOAD (5), 8-K/A (4), 10-Q/A (3), 424B4 (3), DEF 14C (3), EFFECT (3), NT 10-K (3), PRE 14C (3), S-1 (3), SCHEDULE 13G (3), SCHEDULE 13G/A (3), SC 13D/A (2), 424B3 (1), 8-A12B (1), CERT (1), DEF 14A (1), DRS (1), PRE 14A (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Oct 3, 2025
Quarterly report (10-Q) Jun 22, 2026
Proxy statement (DEF 14A) Jan 13, 2026
Latest 8-K (8-K) Oct 15, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.0001 par value | CIIT | Nasdaq |
From the cover page of the 10-K filed Oct 3, 2025 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Tianci International, Inc. names in Item 1A of its 10-K filed Oct 3, 2025: 53 risks under these headings, as written.4
- RISKS RELATED TO OUR BUSINESS
- Risks Related to the Global Logistics Services
- Geopolitical conditions, such as political instability or conflict, terrorist attacks and international hostilities can affect the Maritime transportation industry, which could adversely affect our business.
- Any reduction in international commerce or disruption in global trade may adversely impact our business and operating results.
- Our industry is highly competitive, and failure to compete or respond to customer requirements could damage our business and the results of operations.
- Difficulty in forecasting timing or volumes of customer shipments or rate changes by carriers could adversely impact our margins and operating results.
- Climate change, including measures to address climate change, could adversely impact our business and financial results.
- Roshing faces risks associated with the contents of shipments and inventories handled through its logistics services, including real or perceived quality or health issues with the products that are handled through Roshing’s logistics services, and risks inherent in the logistics industry, including personal injury, product damage, and transportation-related incidents.
- Roshing is subject to potential risks arising from contractual obligations with shipping suppliers.
- Roshing faces risks from changing customer logistics needs, contractual obligations, and failure to meet customer requirements, which could lead to financial losses, legal liabilities, and damage to Roshing’s reputation if not managed proactively.
- Our revenues, operating income and cash flows are likely to fluctuate and are subject to uncertainty and potential volatility in demand and supply for cargo space and container loads from time to time.
- Seasonality and the impact of weather and other catastrophic events adversely affect Roshing’s operations and profitability.
The other 43 risks
- Risk Related to Other Products & Services
- Roshing has a great dependence on a limited number of suppliers and the loss of their manufacturing capability could materially impact its operations.
- Defects in the Hardware Products Roshing sells or failures in quality control related to its distribution of products could impair its ability to sell its products or could result in product liability claims, litigation and other significant events involving substantial costs.
- The software and website development markets are highly competitive.
- Roshing’s software and website may not perform in line with customer specifications or expectations.
- If Roshing does not continually update its products and/or services, they may become obsolete and Roshing may not be able to compete with other companies.
- Roshing may not be able to continue to recruit, train and retain dedicated and qualified consultants who are essential to the success of its business and the effective delivery of policy and business advisory services to its individual and corporate clients.
- A decline in the market for individual clients of Roshing’s business consulting services and corporate business consulting could have a material adverse effect on its business, prospects, financial condition and results of operations.
- General Business Risks
- We have a limited operating history and face significant challenges and will incur substantial expenses as we build our capabilities.
- We are currently dependent on a small group of customers for most of our revenue. If we cannot expand our customer base many-fold, our business growth will be challenged and affected, resulting in adjustments to our business strategy.
- We rely on shipping suppliers, cargo owner and cargo agents and Hardware Products suppliers, if they become financially unstable or have reduced capacity to provide services because of pandemics, such as COVID-19, it may adversely impact our business and operating results.
- Our business could be negatively affected by rising inflation and interest rates.
- If we are unable to hire, retain or motivate qualified personnel, consultants, independent contractors, and advisors, we may not be able to grow effectively.
- The Company and its subsidiaries do not presently maintain fire, theft, product liability or any other property insurance, which leaves us with exposure in the event of loss or damage to our properties or claims filed against us.
- Our operating history may not be indicative of our future growth or financial results and we may not be able to sustain our historical growth rates.
- We incur significant costs and demands upon management and accounting and finance resources as a result of complying with the laws and regulations affecting public companies; if we fail to maintain proper and effective internal controls, our ability to produce accurate and timely financial statements and otherwise make timely and accurate public disclosure could be impaired, which could harm our operating results, our ability to operate our business and our reputation.
- We may fail to make necessary acquisitions or investments or enter desirable strategic alliances, and we may not be able to achieve the anticipated benefits from such acquisitions, investments or strategic alliances.
- We may not be able to prevent others from unauthorized use of our intellectual property, which could harm our business and competitive position.
- We are a “smaller reporting company” under Rule 12b-2 of the Securities Exchange Act of 1934, and we cannot be certain if the scaled disclosure requirements applicable to smaller reporting companies will make our common stock less attractive to investors and make it more difficult to raise capital as and when we need it.
- Anti-takeover provisions contained in our bylaws and articles of incorporation as well as provisions of Nevada law, could impair a takeover attempt.
- Any damage to the reputation and recognition of our brand names, including negative publicity against us, our services, operations and our directors, senior management and business partners may materially and adversely affect our business operations and prospects.
- We may from time to time be subject to claims, disputes, lawsuits and other legal and administrative proceedings.
- While we believe that we and our subsidiaries are currently not required to obtain any other permissions or approvals from Hong Kong authorities for our business operations, we cannot assure you that we or our subsidiaries will be able to obtain all such permissions or approvals if they are nevertheless required.
- We may adjust our business strategies and models in response to changing market conditions, competitive pressures, or regulatory changes. However, there is no guarantee that these adjustments will be successful, and they may not achieve the desired results, potentially impacting our performance and financial results.
- Risks Related to Doing Business in Hong Kong
- Most of our operations are in Hong Kong. However, due to the long arm provisions under the current Mainland China laws and regulations, the Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, or may exert more control over offerings conducted overseas and/or foreign investment in issuers like us, which could result in a material change in our operations and/or the value of our common stock.
- We will rely on dividends and other distributions on equity paid by our Hong Kong subsidiary to fund any cash and financing requirements we may have. In the future, the PRC government may impose restrictions on our ability to transfer funds out of Hong Kong to fund operations or for other use outside of Hong Kong. Any limitation on the ability of our Hong Kong subsidiary to make payments to us could have a material adverse effect on our ability to conduct our business and might materially decrease the value of our common stock.
- Changes in international trade policies, trade disputes, barriers to trade, or the emergence of a trade war may dampen growth in Hong Kong, China and other markets where the majority of our clients reside.
- The enactment of Law of the PRC on Safeguarding National Security in the Hong Kong Special Administrative Region (the “Hong Kong National Security Law”) could impact our Hong Kong subsidiary.
- There are political risks associated with conducting business in Hong Kong.
- Recent joint statement by the SEC and the PCAOB, proposed rule changes submitted by Nasdaq, and the newly enacted Holding Foreign Companies Accountable Act all call for additional and more stringent criteria to be applied to emerging market companies upon assessing the qualification of their auditors, especially the non-U.S. auditors who are not inspected by the PCAOB. These developments could add uncertainties to the trading of our common stock on U.S. stock exchanges, including the possibility that our securities can be delisted if the PCAOB cannot inspect or fully investigate our auditor.
- Increases in labor costs in Hong Kong and non-compliance with laws and regulations relating to employment and labor protection may adversely affect the business of Roshing and our results of operations.
- You may incur additional costs and procedural obstacles in effecting service of legal process, enforcing foreign judgments or bringing actions in Hong Kong against us or its management named in the Report based on Hong Kong laws.
- While we believe that we and our subsidiaries are currently not required to obtain permissions or approvals from Mainland China authorities for our business operations and/or the listing and offering of our securities, and it is very unlikely that we or our subsidiaries will be required to do so in the future, we cannot assure you that we or our subsidiaries will be able to obtain all such permissions or approvals if they are nevertheless required.
- Risks Related to Taxation
- Non-compliance with tax obligations may adversely affect our business and operation results.
- A change in tax laws in any country in which we operate or loss of a major tax dispute or a successful tax challenge to our operating structure, intercompany pricing policies or the taxable presence of our subsidiaries in certain countries could adversely affect us.
- Risks Related to Our Common Stock
- An active, liquid, and orderly market for our common stock may not develop.
- Our articles of incorporation allow our board to create a new series of preferred stock without further approval by our Stockholders, which could adversely affect the rights of the holders of our common stock.
- The trading price of our common stock is likely to be volatile, which could result in substantial losses to investors.
- Short sellers of our stock may be manipulative and may drive down the market price of our common stock.
- As we do not expect to pay dividends in the foreseeable future, you must rely on a price appreciation of our common stock for return on your investment.
- Our CEO beneficially owns the majority of our outstanding stock and, accordingly, will have control over stockholder matters, the Company’s business and management.
- The sale of securities by us in any equity or debt financing could result in dilution to our existing Stockholders.
- We may not be able to satisfy the continued listing requirements of Nasdaq to maintain a listing of our common stock.
- We may require additional capital to support growth, and such capital might not be available on terms acceptable to us, if at all. This could hamper our growth and adversely affect our business.
Legal proceedings
Neither Tianci International nor any of its subsidiaries is party to material pending legal proceedings.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13SEC EDGARZhigang Pei, Chief executive officer
- 14
- 15SEC EDGARCuilian Cai, Chief executive officer
- 16SEC EDGARAnton Lin, Chief executive officer
- 17
- 18
- 19SEC EDGARFan Liu, Board member
- 20SEC EDGARShufang Gao, Board member
- 21SEC EDGARWei Fang, Board member
- 22SEC EDGARWeiyu Zhu, Board member
- 23SEC EDGARYee Man Yung, Board member
- 24SEC EDGARJerry Ooi, Board member
- 25
- 26SEC EDGAROther events
- 27SEC EDGAROther events
- 28SEC EDGAROther events
- 29SEC EDGAREntered a material agreement
- 30SEC EDGARExecutive or director change
- 31SEC EDGAROther events
- 32
- 33
- 34SEC EDGAROther events
- 35SEC EDGARResults of operations
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- 37
- 38
- 39
- 40
- 41
- 42
- 43
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