20-F/A: Jiuzi Holdings Amends 20-F with Corrected Certifications

Jiuzi Holdings Inc. filed an Amendment No. 3 to its annual report on Form 20-F to replace inadvertently erroneous CEO and CFO certifications.

Summary

• Jiuzi Holdings Inc. submitted Amendment No. 3 to its Annual Report on Form 20-F for the fiscal year ended October 31, 2024.
• The amendment's sole purpose is to replace Exhibits 12.1, 12.2, 13.1, and 13.2, which contained inadvertent errors, with corrected versions.
• The replaced exhibits include the CEO and CFO certifications required under Sections 302 and 906 of the Sarbanes-Oxley Act of 2002.
• This Amendment No. 3 speaks as of the original filing date of March 3, 2025, and does not amend, update, or restate any other information from the Original Form 20-F or reflect events after that date.

Sentiment

Score: 5

Explanation: The filing is neutral as it is an administrative correction of previously filed exhibits. While the initial error is a minor negative, the act of correcting it is a positive for compliance, balancing the overall sentiment.

Positives

• The company is proactively addressing and correcting errors in its SEC filings, demonstrating a commitment to compliance and accurate reporting.
• The corrected certifications ensure adherence to Sarbanes-Oxley Act requirements for executive responsibility over financial reporting and disclosure controls.

Negatives

• The occurrence of 'inadvertent errors' in critical certification exhibits suggests a minor lapse in internal review processes for regulatory filings.

Risks

• NA

Future Outlook

NA

Management Comments

• Tao Li, Chief Executive Officer, certified that the amended annual report does not contain any untrue statement of a material fact or omit to state a material fact, and that the financial statements fairly present the company's financial condition, results of operations, and cash flows.
• Huijie Gao, Chief Financial Officer, certified that the amended annual report fully complies with Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that the information fairly presents the company's financial condition and results of operations.

Industry Context

NA

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: May view the correction positively as it demonstrates the company's commitment to regulatory compliance and accurate disclosure, potentially enhancing trust.
• Regulatory Authorities: The correction ensures the company meets its filing obligations under the SEC and Sarbanes-Oxley Act.

Next Steps

• NA

Key Dates

Recommendation

This filing is purely an administrative amendment to correct previously filed certification exhibits. It does not contain any new financial results, operational updates, or strategic changes that would alter the investment thesis for Jiuzi Holdings Inc. Therefore, a 'hold' recommendation is appropriate as there is no new information to warrant a change in position.

Keywords

Jiuzi Holdings, JZXN, SEC filing, Form 20-F/A, Amendment, Sarbanes-Oxley Act, SOX, CEO certification, CFO certification, financial reporting, compliance, disclosure controls