UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of Each Class Trading Symbol Name of Each Exchange On Which Registered Class A Ordinary Shares, par value US$0.0001 per share HKIT NASDAQ Capital Market FORM 20-F ☐ 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 PURSUANT TO SECTI ...

Shares of Hitek Global (NASDAQ:HKIT) are surging higher today by nearly 300%, although the reasons behind the jump aren’t exactly clear. The company operates as a holding company of several Chinese subsidiaries with a focus on information technology and technical consulting. A short squeeze doesn’t appear to be the culprit here, as short interest as a percentage of float was just 0.21% based on the latest update as of Jan. 12.It’s worth pointing out that Hitek has a float of just 5.76 million shares. Meanwh ...

Exhibit 99.1 INDEX TO FINANCIAL STATEMENTS HITEK GLOBAL INC. AND SUBSIDIARIES | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | Page | | INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | | | | | | Unaudited Condensed Consolidated Balance Sheets as of June 30, 2023 and December 31, 2022 | F-2 | | Unaudited Condensed Consolidated Statements of Operations and Comprehensive I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of Each Class Trading Symbol Name of Each Exchange On Which Registered Ordinary shares, par value US$0.0001 per share HKIT NASDAQ Capital Market FORM 20-F ☐ 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ 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, 2019 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 PURSUANT TO SECTION ...