Core Insights - Johnnie Walker is launching a series of partnerships to redefine whisky enjoyment and expand its cultural impact, starting with the 76th Emmy® Awards as the Official Spirits Partner [1][2] - The brand aims to inspire a new generation of whisky drinkers through collaborations in culinary arts, entertainment, and fashion [1] Company Initiatives - Johnnie Walker Blue Label experiences will feature bespoke cocktail pairings created in collaboration with Emmy-winning actor Ebon Moss-Bachrach, chef Courtney Storer, and mixologist Charles Joly [1][2] - The partnership seeks to challenge traditional whisky norms and enhance dining experiences with modern sophistication [1][2] Culinary Pairings - Three unique cocktail pairings have been developed for the Emmy celebrations: - Caramelized Onion Burger paired with Elegance in Motion (a reimagined Whisky Sour) [2] - Steak Frites Bite paired with Dressed For Success (an elevated twist on a Rob Roy) [2] - Chicago-Style Burger paired with Lights, Coffee, Action! (a frozen coffee twist on the Espresso Martini) [2] Consumer Engagement - Following the Emmy Awards, Johnnie Walker invites fans to explore the 'Blue List', a curated selection of bars and restaurants offering Blue Label cocktails inspired by the new pairings [2] - The brand encourages engagement in major cities like California, New York, Miami, and Chicago [2] Brand Background - Johnnie Walker is the world's number one Scotch Whisky brand, with nearly 19 million cases sold annually, making it the most popular Scotch Whisky globally [2]

Core Viewpoint - Ebang International Holdings Inc. reported a significant decrease in total net revenues for the first half of fiscal year 2024, reflecting ongoing challenges while transitioning its business towards renewable energy solutions [2][4][3]. Financial Performance - Total net revenues for the first six months of 2024 were US$2.11 million, a 37.41% decrease from US$3.38 million in the same period of 2023 [2][4]. - Gross profit decreased to US$0.08 million from US$0.28 million year-over-year [2][5]. - The net loss for the first half of 2024 was US$6.65 million, an improvement from a net loss of US$8.38 million in the same period of 2023 [2][7]. Operational Highlights - The decrease in total net revenues was attributed to changes in market conditions, leading to reduced service and product revenues [4]. - Cost of revenues decreased by 34.32% to US$2.03 million, primarily due to a reduction in impairment costs [4][5]. - Total operating expenses were reduced to US$12.50 million from US$13.64 million year-over-year, with selling expenses decreasing to US$0.66 million and general and administrative expenses to US$11.84 million [5][6]. Strategic Direction - The company is focusing on expanding into the renewable energy sector, particularly in advanced solar cell manufacturing, leveraging its existing technologies and R&D capabilities [3][9]. - The CEO emphasized the importance of technological innovation to meet evolving market demands in the renewable energy industry [3]. Shareholder Information - Basic and diluted net loss per share for the first six months of 2024 was US$0.99, compared to US$1.25 in the same period of 2023 [8][23].

Revenue and Net Loss - Total net revenues in the 2023 fiscal year decreased by 85.0% to US$4.9 million, from US$32.3 million in the 2022 fiscal year[2][4] - Net loss in the 2023 fiscal year was US$38.0 million, compared to US$45.8 million in the 2022 fiscal year[2][8] - Total revenues for the year ended December 31, 2023, were $4,855,181, a significant decrease from $32,328,119 in 2022 and $51,450,247 in 2021[17] - Net loss attributable to Ebang International Holdings Inc. for 2023 was $(36,772,143), compared to $(43,888,242) in 2022 and $4,430,941 in 2021[17] - Basic and diluted net loss per ordinary share for 2023 was $(5.86), compared to $(7.03) in 2022 and $0.75 in 2021[17] - Total comprehensive loss for 2023 was $(40,312,503), compared to $(51,095,454) in 2022 and $3,720,894 in 2021[17] Gross Profit and Loss - Gross loss in the 2023 fiscal year was US$16.7 million, compared to a gross profit of US$15.4 million in the 2022 fiscal year[2][5] - Gross loss for 2023 was $(16,703,805), compared to a gross profit of $15,412,324 in 2022 and $29,223,192 in 2021[17] Operating Expenses - Total operating expenses in the 2023 fiscal year decreased by 41.7% to US$36.9 million, from US$63.4 million in the 2022 fiscal year[5] - Total operating expenses for 2023 were $36,942,914, down from $63,406,564 in 2022 and $27,192,823 in 2021[17] Cost of Revenues - Cost of revenues in the 2023 fiscal year increased by 27.4% to US$21.6 million, from US$16.9 million in the 2022 fiscal year[5] Interest Income - Interest income in the 2023 fiscal year was US$11.9 million, compared to US$4.4 million in the 2022 fiscal year[7] - Interest income for 2023 was $11,941,453, a significant increase from $4,362,832 in 2022 and $1,779,672 in 2021[17] Impairment Losses - Impairment of intangible assets in the 2023 fiscal year was US$3.7 million, related to a financial license impairment loss[6] - Impairment of goodwill in the 2023 fiscal year was US$2.3 million, representing impairment loss from a business acquisition in March 2022[6] Cryptocurrency Business - Revenue from cryptocurrency exchange and cross-border payment businesses increased by approximately 36% compared to the 2022 fiscal year[3] - Net gain on disposal of cryptocurrencies in 2023 was $744,803, with no comparable data for 2022 and 2021[17] Cash and Cash Equivalents - Cash and cash equivalents were US$241.6 million as of December 31, 2023, compared with US$251.3 million as of December 31, 2022[8] Shares Outstanding - The number of basic shares outstanding for 2023 was 6,275,118, compared to 6,247,333 in 2022 and 5,923,845 in 2021[18]

Core Viewpoint - Ebang International Holdings Inc. reported a significant decline in total net revenues for the fiscal year 2023, primarily due to adverse market conditions and the absence of one-time revenue from the previous year, while also highlighting growth in specific business segments such as cryptocurrency exchange and cross-border payments [2][4][3]. Financial Performance - Total net revenues for fiscal year 2023 decreased by 85.0% to US$4.9 million, down from US$32.3 million in 2022 [2][4]. - Gross loss for the fiscal year 2023 was US$16.7 million, compared to a gross profit of US$15.4 million in 2022 [2][5]. - Net loss for fiscal year 2023 was US$38.0 million, an improvement from a net loss of US$45.8 million in 2022 [2][8]. Revenue Breakdown - Revenue from cryptocurrency exchange and cross-border payment and foreign exchange businesses increased by approximately 36% compared to the previous fiscal year [3]. - The decline in total revenues was attributed to the bankruptcy of virtual currency banks in the U.S. and increased caution among market participants regarding cryptocurrency products [4]. Cost and Expenses - Cost of revenues increased by 27.4% to US$21.6 million in 2023, primarily due to a VAT recoverable impairment of US$16.7 million [5]. - Total operating expenses decreased by 41.7% to US$36.9 million, driven by reductions in selling and general administrative expenses [5][6]. Impairments and Losses - Impairment of intangible assets in 2023 was US$3.7 million, and impairment of goodwill was US$2.3 million, reflecting challenges from previous acquisitions [6][7]. - Loss from operations for the fiscal year was US$53.6 million, compared to a loss of US$48.0 million in 2022 [7][18]. Cash Position - Cash and cash equivalents as of December 31, 2023, were US$241.6 million, a decrease from US$251.3 million as of December 31, 2022 [8][14]. Market Outlook - The approval and listing of spot Bitcoin ETFs are seen as potential positive developments for the cryptocurrency market, despite ongoing challenges [3]. - The company aims to continue promoting innovation and adjusting business strategies in response to market changes [3].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Class A ordinary shares, par value HK$0.03 per share EBON Nasdaq Global Select Market FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (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 for the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (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 for the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ OR ☐ SHELL COMPANY REPORT ...