High Templar Tech 2026年年度报告和过渡报告

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 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 past 90 days. Table of Contents CONVENTIONS THAT APPLY TO THIS ANNUAL REPORT ON FORM20-F1FORWARD-LOOKING INFORMATION2PartI.3ITEM1.IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS3ITEM2.OFFER STATISTICS AND EXPECTED TIMETABLE3ITEM3.KEY INFORMATION3ITEM4.INFORMATION ON THE COMPANY51ITEM4A.UNRESOLVED STAFF COMMENTS76ITEM5.OPERATING AND FINANCIAL REVIEW AND PROSPECTS76ITEM6.DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES89ITEM7.MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS98ITEM8.FINANCIAL INFORMATION99ITEM9.THE OFFER AND LISTING99ITEM10.ADDITIONAL INFORMATION100ITEM11.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK109ITEM12.DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES110PartII.112ITEM13.DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES112ITEM14.MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USEOF PROCEEDS112ITEM15.CONTROLS AND PROCEDURES112ITEM16A. AUDIT COMMITTEE FINANCIAL EXPERT113ITEM16B. CODE OF ETHICS114ITEM16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES114ITEM16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES114ITEM16E.PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATEDPURCHASERS115ITEM16F.CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT116ITEM16G. CORPORATE GOVERNANCE116ITEM16H. MINE SAFETY DISCLOSURE117ITEM16I.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENTINSPECTIONS117ITEM16J.INSIDER TRADING POLICIES117ITEM 16K. CYBERSECURITY117PartIII.120ITEM17.FINANCIAL STATEMENTS120ITEM18.FINANCIAL STATEMENTS120ITEM19.EXHIBITS121 CONVENTIONS THAT APPLY TO THIS ANNUAL REPORT ON FORM20-F Except where the context otherwise requires, references in this annual report to: ●“ADSs” are to our American depositary shares, each of which represents one ClassA ordinary share, and“ADRs” are to the American depositary receipts that evidence our ADSs;●“China” and the “PRC” are to the People’s Republic of China; and only in the context of describing PRClaws, regulations and other legal or tax matters in this annual report, excludes Taiwan, the Hong KongSpecial Administrative Region and the Macao Special Administrative Region;●“the Group” are to High Templar Tech Limited, the Group VIEs and their respective subsidiaries;●“Group VIEs” are to Xiamen Quxianxiang Time Technology Co., Ltd., formerly known as Beijing HappyTime Technology Development Co., Ltd., or Xiamen Quxianxiang, and Xiamen Lexiang TimeTechnology Co., Ltd. (formerly known as Ganzhou Qudian Technology Co., Ltd.), or Xiamen Lexiang;Xiamen Lexiang was a Group VIE historically until January 2026 and is now considered a Subsidiary ofthe Company and will continue to be consolidated into the Group’s financial statements;●“last-mile delivery” are to the logistics service which involves the delivery of a package located in awarehouse to an end-consumer;●“loan book business” are to the business of offering small credit products to consumers the Grouphistorically operated;●“RMB” or “Renminbi” are to the legal currency of China;●“small credit products” are to cash or merchandise credit products that are less than RMB5,000 inamount;●“Subsidiary” are to an entity controlled by High Templar Tech Limited and consolidated with HighTemplar Tech Limited’s results of operations due to High Templar Tech Limited’s equity interest in suchentity, instead of contractual arrangements; for avoidance of doubt, the Group VIEs are not subsidiariesof High Templar Tech Limited;●“transaction services business” are to the Group’s business of offering loan recommendation and referralservices to third-party financial service providers; the Group assumes no credit risk for the transactionsfacilitated under the transaction services business; the Group ceased its transaction services business inthe third quarter of 2021;●“US$,” “U.S. dollars,” or “dollars” are to the legal currency of the United States; and●“we,” “us,” “our company” and “our” are to High Templar Tech Limited and/or its subsidiaries, as thecontext requires. The translations from Renminbi to U.S. dollars and from U.S. dollars to Renminbi in this annual report weremade at a rate of RMB6.9931 to US$1.00, the exchange rates set forth in the H. 10 statistical release of the FederalReserve Board on December 31, 2025. We make no representation that the Renminbi or U.S. dollar amounts referredto in this annual report could have been or could be converted into U.S. dollars or Renminbi, as the case may be, at anyparticular rate or at all. On March 31, 2026, the noon buying rate for Renminbi was RMB6.8980 to US$1.00. Our ADSs are listed on the NYSE under the Company’s name “High Templar Tech Limited,” and its tickersymbol “HTT”. Before December 22, 2025, our ADSs