HONG
KONG, April 29, 2024 /PRNewswire/ -- ICZOOM
Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM") today filed an
amendment to its Annual Report on 20-F for the fiscal year ended
June 30, 2023 (the "Original Form
20-F"), solely for the purposes to revise certain disclosures
regarding the legal and operational risks in China and PRC regulations.
The amendment to the Original Form 20-F (the
"Form 20-F/A") did not modify or update in any way disclosures made
in the Original Form 20-F with respect to the Company's business or
operations, financial results, financial statements or others,
except for solely the revisions of certain disclosures of risk
factors in connection with doing business in China. The Form 20-F/A reflects information as
of the original filing date of the Original Form 20-F, October 31, 2023, and does not reflect events
occurring after that date.
The Company continues to maintain transparency
and compliance with applicable disclosures requirements.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About ICZOOM Group Inc.
ICZOOM Group Inc. (Nasdaq: IZM) is primarily
engaged in sales of electronic component products to customers in
Hong Kong and mainland
China through its B2B e-commerce
platform. These products are primarily used by China based small and medium-sized enterprises
("SMEs") in the consumer electronic industry, Internet of Things
("IoT"), automotive electronics and industry control segments. By
utilizing latest technologies, the Company's platform collects,
optimizes and presents product offering information from suppliers
of all sizes, all transparent and available to its SME customers to
compare and select. In addition to the sales of electronic
component products, the Company also provides services to customers
such as temporary warehousing, logistic and shipping, and customs
clearance. For more information, please visit the Company's
website: http://ir.iczoomex.com/index.html.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company's current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "anticipate," "estimate," "plan,"
"project," "continuing," "ongoing," "expect," "we believe," "we
intend," "may," "should," "will," "could" and similar expressions.
The Company undertakes no obligation to update or revise publicly
any forward-looking statements to reflect subsequent occurring
events or circumstances, or changes in its expectations, except as
may be required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the U.S. Securities and Exchange Commission.
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SOURCE ICZOOM Group Inc.