{"url_path":"/sec/efty/10-k/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/2058349/0001213900-26-056086-index.html","accession_number":"0001213900-26-056086","cik":"0002058349","ticker":"EFTY","issuer_name":"ETOILES CAPITAL GROUP CO., LTD","edgar_url":"https://www.sec.gov/Archives/edgar/data/2058349/0001213900-26-056086-index.html","primary_entity_key":"0002058349","primary_entity_name":"ETOILES CAPITAL GROUP CO., LTD"},"word_count":834,"has_tables":true,"body_markdown":"**UNITED\nSTATES\nSECURITIES AND EXCHANGE COMMISSION\nWashington**, **D**.**C**. **20549**\n\n** **\n\n \n\n \n\n**FORM 20-F**\n\n** **\n\n**☐\nREGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n** **\n\n**OR**\n\n** **\n\n**☒\nANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n** **\n\n**For\nthe fiscal year ended December 31, 2025**\n\n** **\n\n**OR**\n\n** **\n\n**☐\nTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n** **\n\n**OR**\n\n** **\n\n**☐\nSHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n** **\n\n**For\nthe transition period from                  to**              \n\n** **\n\n**Commission file number: 001-42793**\n\n** **\n\n**ETOILES\nCAPITAL GROUP CO., LTD**\n\n(**Exact\nName of Registrant as Specified in its Charter**)\n\n \n\n**Cayman\nIslands**\n\n(Jurisdiction\nof incorporation or organization)\n\n \n\n**Unit 03-04, 25/F, Cosco Tower, 183 Queen’s\nRoad Central**\n\n**Sheung Wan, Hong Kong**\n\n(Address of principal executive offices)\n\n \n\n**Kit Shing, CHEUNG**\n\n**+852-2398-8699**\n\n**michaelcheung@etoilesfin.com**\n\n**Unit 03-04, 25/F, Cosco Tower, 183 Queen’s\nRoad Central**\n\n**Sheung Wan, Hong Kong**\n\n(Name,\nTelephone, E-mail and/or Facsimile number and Address of Company Contact Person)\n\n \n\nSecurities\nregistered or to be registered pursuant to Section 12(b) of the Act:\n\n \n\n**Title of each class**   **Trading Symbol(s)**   **Name of each exchange on which registered**\n\n**Class A Ordinary Shares, par value $0.0001 per share**   **EFTY**   **The Nasdaq Stock Market LLC (Nasdaq Capital Market)**\n\n** **\n\n**Securities\nregistered or to be registered pursuant to Section 12(g) of the Act: None**\n\n** **\n\n**Securities\nfor which there is a reporting obligation pursuant to Section 15(d) of the Act: None**\n\n** **\n\nIndicate the number of outstanding shares of each of the issuer’s\nclasses of capital or common stock as of the close of the period covered by the annual report: 20,110,000 Ordinary Shares, par\nvalue of $0.0001, consisting of 15,110,000 Class A Ordinary Share and 5,000,000 Class B Ordinary Share, issued and outstanding as of December\n31, 2025.\n\n** **\n\n \n\n \n\n** **\n\nIndicate\nby check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.\n\n \n\n☐ Yes ☒ No\n\n \n\nIf\nthis report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13\nor 15(d) of the Securities Exchange Act of 1934. \n\n \n\n☐ Yes ☒ No\n\n \n\nIndicate\nby check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities\nExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such\nreports), and (2) has been subject to such filing requirements for the past 90 days.\n\n \n\n☒ Yes ☐ No\n\n \n\nIndicate\nby check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data\nFile required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the\npreceding 12 months (or for such shorter period that the registrant was required to submit and post such files).\n\n \n\n☒ Yes ☐ No\n\n \n\nIndicate\nby check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth\ncompany. See definition of “large accelerated filer,” “accelerated filer,” and “emerging growth company”\nin Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒\n\n    Emerging growth company ☒\n\n \n\nIf\nan emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant\nhas elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided\npursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate\nby check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness\nof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered\npublic accounting firm that prepared or issued its audit report. ☐\n\n \n\nIndicate\nby check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:\n\n \n\nU.S. GAAP ☒   International Financial Reporting Standards as issued by the International Accounting Standards Board ☐   Other ☐\n\n \n\n*If\n“Other” has been checked in response to the previous question, indicate by check\nmark which financial statement item the registrant has elected to follow.\n\n \n\n☐ Item 17 ☐ Item 18\n\n \n\nIf\nsecurities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant\nincluded in the filing reflect the correction of an error to previously issued financial statements. ☐\n\n \n\nIndicate\nby check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation\nreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐\n\n \n\nIf\nthis is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the\nSecurities Exchange Act of 1934).\n\n \n\n☐ Yes ☒ No\n\n \n\n \n\n \n\n \n\n \n\n \n\n**Table\nof Contents**\n\n \n\n \n \n \n \n**Page**\n\n**PART\nI**"}