{"url_path":"/sec/efty/10-k/2026/item-14","section_key":"item-14","section_title":"Item 14 Material Modifications to the Rights of Securities Holders and Use of Proceeds**","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":197,"has_tables":true,"body_markdown":"**Item\n14. Material Modifications to the Rights of Securities Holders and Use of Proceeds**\n\n \n\n**14.A. – 14.D. Material Modifications\nto the Rights of Security Holders**\n\n \n\nSee “Item 10. Additional Information”\nfor a description of the rights of shareholders, which remain unchanged.\n\n \n\n**14.E. Use of Proceeds**\n\n \n\nFor the period from August 8, 2025, the date that the Company’s\nRegistration Statement on Form F-1 (File Number: 333-287302) relating to the initial public offering was declared effective by the SEC,\nto the date of this annual report, out of the net proceeds of approximately US$5.1 million received from the initial public offering,\nwe used (i) approximately US$0.4 million for strengthening our integrated investor relation services in Hong Kong; (ii) approximately\nUS$0.1 million for expanding our market presence; (iii) nil for incorporate latest technology and trends into our service offerings; (iv)\napproximately US$0.2 for enhancing our brand; and (v) approximately US$1.2 million for general administration and working capital. There\nis no material change in the use of proceeds as described in the Registration Statement. We intend to use the remainder of the proceeds\nfrom the initial public offering for the purposes as disclosed in our registration statements on Form F-1.\n\n \n\n58"}