Moatable Inc ADR 2024年度报告

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past90 days. Yes ☐ No ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☐ No ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 ofthe Exchange Act. Accelerated filerSmaller reporting companyEmerging growth company Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its auditreport. ☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflectthe correction of an error to previously issued financial statements. ☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any ofthe registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b). ☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☐ As of June 30, 2024, the aggregate market value of shares held by non-affiliates of the registrant (based upon the closing sale price of the registrant’s Americandepositary shares on the OTC Market on June 30, 2024) was approximately $11.7 million. For purposes of calculating the aggregate market value of shares held bynon-affiliates, we have assumed that all outstanding shares are held by non-affiliates, except for shares held by each of our executive officers, directors and 5% orgreater shareholders. In the case of 5% or greater shareholders, we have not deemed such shareholders to be affiliates unless there are facts and circumstances whichwould indicate that such shareholders exercise any control over our company, or unless they hold 10% or more of our outstanding ordinary shares. These assumptionsshould not be deemed to constitute an admission that all executive officers, directors and 5% or greater shareholders are, in fact, affiliates of our company, or thatthere are no other persons who may be deemed to be affiliates of our company. Further information concerning shareholdings of our officers, directors and principalshareholders is included or incorporated by reference in Part III, Item 12 of this Annual Report on Form 10-K. As of March 19, 2025, the registrant had 631,625,176 Class A ordinary shares and 170,258,970 Class B ordinary shares outstanding. Moatable, Inc.Form 10-KFor the Fiscal Year Ended December 31, 2024 TABLE OF CONTENTS PART IITEM 1.BUSINESS2ITEM 1A.RISK FACTORS7ITEM 1B. UNRESOLVED STAFF COMMENTS33ITEM 1C. CYBERSECURITY33ITEM 2.PROPERTIES35ITEM 3.LEGAL PROCEEDINGS35ITEM 4.MINE SAFETY DISCLOSURE35PART IIITEM 5.MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDERMATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES36ITEM 6.[RESERVED]44ITEM 7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ANDRESULTS OF OPERATIONS44ITEM 7A.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK58ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA58ITEM 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING ANDFINANCIAL DISCLOSURE58ITEM 9A.CONTROLS AND PROCEDURES58ITEM 9B. OTHER INFORMATION60ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTION THAT PREVENTS INSPECTIONS60PART IIIITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE61ITEM 11. EXECUTIVE COMPENSATION63ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENTAND RELATED STOCKHOLDER MATTERS67ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTORINDEPENDENCE69ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES71PART IVITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES72ITEM