美美证券2023年度报告

UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549FORM20-F (Markone)  REGISTRATIONSTATEMENTPURSUANTTOSECTION12(b)OR(g)OFTHESECURITIESEXCHANGEACTOF1934 OR  ANNUALREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 ForthefiscalyearendedDecember31,2023 OR  TRANSITIONREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 OR  SHELLCOMPANYREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 forthetransitionperiodfromto Commissionfilenumber001-38766 MMTEC,INC. (ExactnameofRegistrantasspecifiedinitscharter) BritishVirginIslands (Jurisdictionofincorporationororganization) c/oMMFutureTechnologyLimitedRoom2302,23rdFloor FWDFinancialCenter308DesVoeuxRoadCentral SheungWan,HongKongTel:+85236908356 (Addressofprincipalexecutiveoffices) XiangdongWen,ChiefExecutiveOfficerc/oMMFutureTechnologyLimitedFWDFinancialCenter 308DesVoeuxRoadCentralSheungWan,HongKongTel:+85236908356 (Name,Telephone,E-mailand/orFacsimileNumberandAddressofCompanyContactPerson)SecuritiesregisteredortoberegisteredpursuanttoSection12(b)oftheAct: TitleofeachclassTradingSymbol(s) Nameofeachexchangeonwhichregistered CommonShares,parvalue$0.01MTCTheNASDAQStockMarketLLC SecuritiesregisteredortoberegisteredpursuanttoSection12(g)oftheAct:None. SecuritiesforwhichthereisareportingobligationpursuanttoSection15(d)oftheAct:None. OnApril30,2024,theissuerhad199,145,041sharesissuedandoutstanding. Indicatebycheckmarkiftheregistrantisawell-knownseasonedissuer,asdefinedinRule405oftheSecuritiesAct. Yes No  Ifthisreportisanannualortransitionreport,indicatebycheckmarkiftheregistrantisnotrequiredtofilereportspursuanttoSection13or15(d)oftheSecuritiesExchangeActof1934. Yes No  Indicatebycheckmarkwhethertheregistrant(1)hasfiledallreportsrequiredtobefiledbySection13or15(d)oftheSecuritiesExchangeActof1934duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtofilesuchreports),and(2)hasbeensubjecttosuchfilingrequirementsforthepast90days. Yes No  IndicatebycheckmarkwhethertheregistranthassubmittedelectronicallyeveryInteractiveDataFilerequiredtobesubmittedpursuanttoRule405ofRegulationS-T(§232.405ofthischapter)duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtosubmitsuchfiles). Yes No  Indicatebycheckmarkwhethertheregistrantisalargeacceleratedfiler,anacceleratedfiler,anon-acceleratedfiler,oranemerginggrowthcompany.Seedefinitionof“largeacceleratedfiler,“acceleratedfiler,”and“emerginggrowthcompany”inRule12b-2oftheExchangeAct..  LargeAcceleratedfiler Acceleratedfiler Non-acceleratedfilerEmerginggrowthcompany  IfanemerginggrowthcompanythatpreparesitsfinancialstatementsinaccordancewithU.S.GAAP,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplyingwithanyneworrevisedfinancialaccountingstandardsprovidedpursuanttoSection13(a)oftheExchangeAct.  Indicatebycheckmarkwhethertheregistranthasfiledareportonandattestationtoitsmanagement’sassessmentoftheeffectivenessofitsinternalcontroloverfinancialreportingunderSection404(b)oftheSarbanes-OxleyAct(15 U.S.C.7262(b))bytheregisteredpublicaccountingfirmthatpreparedorissueditsauditreport.  IfsecuritiesareregisteredpursuanttoSection12(b)oftheAct,indicatebycheckmarkwhetherthefinancialstatementsoftheregistrantincludedinthefilingreflectthecorrectionofanerrortopreviouslyissuedfinancialstatements.  Indicatebycheckmarkwhetheranyofthoseerrorcorrectionsarerestatementsthatrequiredarecoveryanalysisofincentive-basedcompensationreceivedbyanyoftheregistrant’sexecutiveofficersduringtherelevantrecoveryperiodpursuantto§240.10D-1(b).  Indicatebycheckmarkwhichbasisofaccountingtheregistranthasusedtopreparethefinancialstatementsincludedinthisfiling:  USGAAP InternationalFinancialReportingStandardsasissuedbythe InternationalAccountingStandardsBoard  Other If“Other”hasbeencheckedinresponsetothepreviousquestion,indicatebycheckmarkwhichfinancialstatementitemtheregistranthaselectedtofollow.  Item17 Item18 Ifthisisanannualreport,indicatebycheckmarkwhethertheregistrantisashellcompany(asdefinedinRule12b-2oftheExchangeAct). Yes No  TABLEOFCONTENTS PAGE PARTIITEM1. IDENTITYOFDIRECTORS,SENIORMANAGEMENTANDADVISERS 1 ITEM2. OFFERSTATISTICSANDEXPECTEDTIMETABLE 1 ITEM3. KEYINFORMATION 1 ITEM4. INFORMATIONONTHECOMPANY 29 ITEM4A. UNRESOLVEDSTAFFCOMMENTS 47 ITEM5. OPERATINGANDFINANCIALREVIEWANDPROSPECT 47 ITEM6. DIRECTORS,SENIORMANAGEMENTANDEMPLOYEES 60 ITEM7. MAJORSHAREHOLDERSANDRELATEDPARTYTRANSACTIONS 66 ITEM8. FINANCIALINFORMATION 67 ITEM9. THEOFFERANDLISTING 68 ITEM10. ADDITIONALINFORMATION 69 ITEM11. QUANTITATIVEANDQUALITATIVEDISCLOSUREABOUTMARKETRISK 77 ITEM12. DESCRIPTIONOFSECURITIESOTHERTHANEQUITYSECURITIES 77 PARTIIITEM13. DEFAULTS,DIVIDENDARREARAGESANDDELINQUENCIES 78 ITEM14. MATERIALMODIFICATIONSTOTHERIGHTSOFSECURITYHOLDERSANDUSEOFPROCEEDS 78 ITEM15. CONTROLSANDPROCEDURES 78 ITEM16. RESERVED 79 ITEM16A. AUDITCOMMITTEEFINANCIALEXPERT. 79 ITEM16B. CODEOFETHICS. 79 ITEM16C. PRINCIPALACCOUNTANTFEESANDSERVICES. 80 ITEM16D. EXEMPTIONSFROMTHELIST