Ebang International Holdings Inc., a Cayman Islands holding company with operations primarily in China, filed its 20-F annual report, detailing significant legal and operational risks. The company highlighted the potential for delisting under the Holding Foreign Companies Accountable Act (HFCAA) due to uncertainties regarding PCAOB inspections, despite its current U.S.-based auditor. The report also emphasized challenges in enforcing civil liabilities and navigating China's evolving regulatory landscape, while outlining its expanding business model into Fintech, renewable energy, and new material manufacturing.