| SEC FILE NUMBER 000-56219 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): | ☒ Form 10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form 10-D ☐ Form N-SAR ☐ Form N-CSR |
For Period Ended: December 31, 2022 | |
☐ Transition Report on Form 10-K | |
☐ Transition Report on Form 20-F | |
☐ Transition Report on Form 11-K | |
☐ Transition Report on Form 10-Q | |
☐ Transition Report on Form N-SAR | |
For the Transition Period Ended: |
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein. |
If the notification relates to a portion of the filing checked above, identify the item(s) to which the notification relates:
PART I
REGISTRANT INFORMATION
EXSULAR FINANCIAL GROUP INC.
Full Name of Registrant
Former Name if Applicable
Room 1105, 11/F Hip Kwan Commercial Bldg., No. 38 Pitt St. Yau Ma Tel, KLN, Hong Kong
Address of Principal Executive Office (Street and Number)
City, State and Zip Code
PART II
RULE 12b-25 (b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
(a) | The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense. | |
☒ | (b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, or Form N-SAR or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and |
(c) | The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
PART III
NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra Sheets if Needed) |
Exsular Financial Group Inc. (the “Company”) is not in a position to file its Annual Report on Form 10-K for the period ended December 31, 2022 (the “Form 10-K”) in a timely manner because the Company cannot complete the Form 10-K in a timely manner without unreasonable effort or expense. As a result, the Company is still in the process of compiling required information to complete the Annual Report and its independent registered public accounting firm requires additional time to complete its audit of the consolidated financial statements for the year ended December 31, 2022, to be incorporated in the Annual Report. The Company intends to file its Annual Report on Form 10-K no later than the fifteenth calendar day following the prescribed due date. |
PART IV
OTHER INFORMATION
(1) | Name and telephone number of person to contact in regard to this notification |
William Barnett | (442) | 274-7571 | ||
(Name) | (Area Code) | (Telephone Number) |
(2) | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s). ☒ Yes ☐ No |
(3) | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ☐ Yes ☒ No |
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
EXSULAR FINANCIAL GROUP INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
Date: | March 30, 2023 | By: | /s/ Seng Yeap Kok |
Name: | Seng Yeap Kok | ||
Title: | Chief Executive Officer |