Corporate Structure and Operations - 9F Inc. operates primarily through its PRC subsidiaries and VIEs, with no material operations of its own[11]. - The company has not made any capital contributions or loans to its offshore subsidiaries or PRC subsidiaries during the fiscal year ended December 31, 2023, with all amounts paid to subsidiaries being nil except for RMB 7.5 million received from VIEs[14][15]. - The company incurred payables of RMB 1.3 million for expenses and RMB 13.26 million for service fees to its PRC subsidiaries, but no payments were made[15]. - The company has ceased operations of its online lending information intermediary business and transferred investor rights to licensed asset management companies, with repayments expected within 36 months[30]. - The company operates under a variable interest entity structure, which may face regulatory challenges that could impact its ability to consolidate financial information[87]. - The company relies on contractual arrangements with its VIEs and their shareholders for a significant portion of its business operations, which may not provide effective operational control[91]. Financial Performance and Risks - The company incurred net losses of RMB233.7 million, RMB594.9 million, and RMB140.3 million (US$19.8 million) in 2021, 2022, and 2023, respectively[31]. - Net cash used in operating activities was RMB229.7 million in 2021, while net cash provided was RMB63.3 million and RMB62.5 million (US$8.8 million) in 2022 and 2023, respectively[31]. - The company may incur substantial costs as a result of being a public company, which could affect its ability to fund operating expenses[32]. - The company may face significant costs and time to procure additional permissions if regulations change, which could adversely affect its business operations and financial condition[21]. - The company faces uncertainties regarding compliance with PRC laws, which may require additional licenses or permits for its operations in China[37]. Regulatory Environment - The company is subject to extensive regulatory requirements in Hong Kong and Southeast Asia, and any non-compliance may affect its financial results[21]. - The company is closely monitoring regulatory developments in China, particularly regarding approvals from the CSRC and CAC for its previous and future offerings[23]. - The company must comply with the Confidentiality and Archives Rules, which mandate that all working papers produced in China must be stored locally and not transmitted outside without approval[23]. - The PRC Foreign Investment Law and its Implementation Regulations, effective January 1, 2020, introduce uncertainties regarding the classification of contractual arrangements as foreign investments[89]. - The PRC government has significant authority to regulate the operations of offshore holding companies, which may lead to uncertainties affecting the company's business and financial condition[96]. Taxation and Financial Obligations - Under PRC laws, dividends can only be paid out of accumulated after-tax profits, and at least 10% of profits must be set aside for statutory reserves until reaching 50% of registered capital[18]. - The maximum statutory tax rate applicable to hypothetical pre-tax earnings is 25%, with a withholding tax of 10% on dividends distributed to foreign holding companies[16]. - The company relies on dividends and distributions from its PRC subsidiaries for cash and financing needs, which may be limited by regulatory requirements[18]. - The tax residency status of the company remains uncertain, which could affect tax obligations and shareholder returns[124]. - The company must comply with various tax regulations to avoid sanctions from PRC tax authorities[125]. Market and Competitive Landscape - The company’s future financial performance depends on user retention, acquisition costs, and market competition, with no assurance of maintaining current fee rates[32]. - The competitive landscape is challenging, with competitors potentially having more resources and better adaptability to market changes, which could adversely affect market share[51]. - The company is navigating an evolving regulatory environment that may impose additional compliance requirements on its technology empowerment services[29]. - The company has been expanding its internet-based securities investment business, particularly in offshore securities investment services, to connect individual investors with Hong Kong and U.S. stock markets[34]. Cybersecurity and Data Protection - The company has not experienced any material breaches of cybersecurity measures and believes it has complied with relevant laws and regulations regarding cybersecurity and data protection in all material aspects[54]. - The company relies on a massive amount of user data to conduct its business, and any loss or compromise of this data due to cyber-attacks could adversely affect its operations[56]. - The company is evaluating the impact of cybersecurity regulations on its business practices and plans to strengthen its information management and privacy protection systems[207]. - The company must establish channels for reporting network product security vulnerabilities and retain logs for at least six months[210]. Shareholder Rights and Corporate Governance - The dual-class share structure limits the influence of Class A ordinary shareholders on corporate matters, potentially discouraging change of control transactions[132]. - The voting rights of ADS holders are restricted by the terms of the deposit agreement, limiting their ability to direct the voting of underlying shares[135]. - Holders of ADSs may not have direct voting rights and must provide instructions to the depositary for voting on underlying Class A ordinary shares[136]. - The company has adopted home country corporate governance practices that may afford less protection to shareholders compared to U.S. domestic issuers[151]. Strategic Initiatives and Future Outlook - The company plans to establish a one-stop online brokerage platform in Singapore, aiming to provide clients access to a variety of investment products globally[66]. - The company is developing new online wealth management products to retain and attract investors, but market acceptance remains uncertain[39]. - The company aims to expand its services and product offerings by applying for more licenses and acquiring licensed entities in Hong Kong and other regions[165]. - The company has implemented internal control procedures to ensure compliance with PRC laws and regulations regarding content displayed on its platforms, but cannot assure full compliance at all times[62].

在不久前一起网贷诉讼中，玖富出借人王某向玖富平台提起诉讼，请求判令玖富普惠偿还借款本息。经市、省各级法院民事判决败诉后，原告王某不服，向最高院申请再审，最高院判定王某与玖富普惠之间不存在民间借贷法律关系，平台不用承担还本付息的责任。该案再次提醒网贷出借人，只有起诉网贷真实借款人才有胜诉把握，平台没有法定还款责任。 该案中，最高院认为案件审理焦点在于，王某与玖富普惠之间是否为民间借贷法律关系；玖富普惠是否应向王某承担还本付息的责任。经审理各项证据后，最高院认定，王某和玖富普惠之间并无订立民间借贷合同的意思表示，客观上王某并无实际出借款项给玖富普惠，玖富普惠亦无实际出借款项给用款人。因此，玖富普惠平台是作为中介服务机构提供借款信息服务，其与王某之间属于中介合同关系。据上分析，王某主张其与玖富普惠之间成立民间借贷关系缺乏事实与法律依据，本院不予采纳。对于玖富普惠是否应向王某承担还本付息责任的问题，根据前述分析，玖富普惠与王某之间为中介合同关系，而非民间借贷关系，故玖富普惠依法无需承担偿还借款的责任。最高院裁定如下：驳回王某的再审申请。 因此，网贷出借人要主张债权，追究还款责任，就必须针对网贷实际 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2023 Commission File Number 001-39025 9F Inc. (Registrant's name) Room 1207, Building No. 5, 5 West Laiguangying Road Chaoyang District, Beijing 100012 People's Republic of China (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual repor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(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 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x 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 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ...