0001864055
true
FY
0001864055
2021-01-01
2021-12-31
0001864055
dei:BusinessContactMember
2021-01-01
2021-12-31
0001864055
2021-12-31
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
20-F/A
(Amendment
No. 1)
☐
REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES
EXCHANGE ACT OF 1934
OR
☐
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
OF 1934
OR
☒
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
ACT OF 1934
For
the year ended December 31, 2021
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 333-256665
MOXIAN
(BVI) INC
(Exact
name of Registrant as specified in its charter)
British
Virgin Islands
(Jurisdiction
of incorporation or organization)
Room
1202, Block B, Jiahui Center, 6 Jiqing Li, Chaoyangmenwai Street
Chaoyang
District,
Beijing
100020, China
(Address
of principal executive offices)
Wanhong
Tan, Chief Financial Officer
+852
9855 6575– telephone
yf@abitgrp.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 class |
|
Symbol |
|
Name
of each exchange on which registered |
Ordinary
shares, par value $0.001 per share |
|
MOXC |
|
Nasdaq
Capital Market |
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 common stock as of the close of the period covered
by the transition report: 19,554,677 ordinary shares, par value $0.001 per share, as of December 31, 2021.
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
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. (Check one):
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 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 Securities
Exchange Act of 1934).
☐
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
Audit
Firm ID |
|
Auditor
Name |
|
Auditor
Location |
2769 |
|
Centurion
ZD CPA & Co. |
|
Hong
Kong |
Explanatory
Note
This
Amendment No. 1 on Form 20-F/A (the “Amendment No. 1”) to our annual report on Form 20-F for the year ended December 31,
2021, filed with the Securities and Exchange Commission on May 13, 2022 (the “Form 20-F”), is filed to solely to amend Item
16G “Corporate Governance” to disclose that we have chosen to follow our home country practices in lieu of the requirements
under NASDAQ (“Nasdaq”) Listing Rule 5635 (“Rule 5635”) to obtain shareholder approval prior to entering into
certain transactions with the potential to issue securities as described in Rule 5635 (Shareholder Approval Rule) and the requirements
under Nasdaq Listing Rule 5640 that voting rights of existing shareholders of publicly traded common stock of listed companies cannot
be disparately reduced or restricted through any corporate action or issuance (Voting Rights Rule).
This
Amendment No. 1 speaks as of the filing date of the Form 20-F on May 13, 2022. Other than as set forth herein, this Amendment No. 1 does
not, and does not purport to, amend, update or restate any other information or disclosure included in the Form 20-F or reflect any events
that have occurred since May 13, 2022.
ITEM
16G. CORPORATE GOVERNANCE
Our
ordinary shares are listed on the NASDAQ Capital Market, or Nasdaq. As such, we are subject to Nasdaq’s corporate governance requirements.
Under Nasdaq rules, listed non-US companies may follow their home country corporate governance practices in lieu of some of the Nasdaq
corporate governance requirements.
Nasdaq
Listing Rule 5635 (“Rule 5635”) generally provides that shareholder approval is required of U.S. domestic companies listed
on Nasdaq prior to an issuance (or potential issuance) of securities in connection with: (i) the acquisition of the stock or assets of
another company; (ii) equity-based compensation of officers, directors, employees or consultants; (iii) a change of control; and (iv)
certain transactions other than a public offering involving issuances equaling 20% or more of the Company’s common shares or voting
power for less than the greater of market or book value (Shareholder Approval Rule). In addition, Nasdaq Listing Rule 5640 (“Rule
5640”) provides that voting rights of existing shareholders of publicly traded common stock registered under Section 12 of the
Act cannot be disparately reduced or restricted through any corporate action or issuance (Voting Rights Rule).
Notwithstanding
the foregoing general requirements, Nasdaq Listing Rule 5615(a)(3)(A) permits foreign private issuers like us to follow home country
practice in lieu of certain requirements of the Listing Rule 5600 Series, provided that such a foreign private issuer discloses in its
annual report filed with the SEC the Nasdaq requirements that it does not follow and describes the home country practice followed in
lieu of such requirements. Further, Nasdaq’s Voting Rights Policy as defined in IM-5640 generally states that Nasdaq will accept
any action or issuance relating to the voting rights structure of a non-U.S. company that is not prohibited by the company’s home
country law.
The
corporate governance practice in our home country, the British Virgin Islands, does not require us to obtain such shareholder approval
prior to entering into a transaction with the potential to issue securities as described in Rule 5635 above. We have adopted and opted
to follow British Virgin Islands practices in lieu of the requirements of Rule 5635 in connection with an issuance of securities. In
addition, disparate reduction or restriction of voting rights of existing shareholders through corporate actions or issuances are not
prohibited by British Virgin Islands law. We have chosen to follow British Virgin Islands practices in lieu of the requirements of Rule
5640 in connection with corporation actions or issuances relating to the Company’s voting rights structure. Other than as described
in this section, our corporate governance practices do not differ from those followed by domestic companies listed on Nasdaq.
SIGNATURES
The
registrant hereby certifies that it meets all of the requirements for filing on Form 20-F/A and has duly caused and authorized the undersigned
to sign this transition report on its behalf.
|
Moxian
(BVI) Inc |
|
|
|
Date:
June 9, 2022 |
By: |
/s/
Deng Conglin |
|
Name: |
Deng
Conglin |
|
Title: |
Chief
Executive Officer |
|
|
(Principal
Executive Officer) |
|
|
|
Date:
June 9, 2022 |
By: |
/s/
Tan Wanhong |
|
Name: |
Tan
Wanhong |
|
Title: |
Chief
Financial Officer |
|
|
(Principal
Financial Officer) |
Moxian (NASDAQ:MOXC)
Historical Stock Chart
Von Jan 2025 bis Feb 2025
Moxian (NASDAQ:MOXC)
Historical Stock Chart
Von Feb 2024 bis Feb 2025