Risk Factors Update Summary
- Subsidiaries' largest customer concentration decreased from 50.85% to 45.06% in 2023.
- Expected credit losses provision increased from $30 million to $98 million in 2023.
- Full provision for expected credit losses for a substantial balance due from a related party.
- Due from Cenntro Holding Limited increased from $36.46 million to $34.46 million in 2023.
- Sales of ordinary shares may impact the market price of shares.
- Potential downturn may affect patents, trademarks, and intellectual properties.
- Global market volatility due to geopolitical tensions and conflicts between Russia, Ukraine, and Israel.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1735041&owner=exclude
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