{"url_path":"/sec/efty/10-k/2026/item-8","section_key":"item-8","section_title":"Item 8 Financial Information**","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":608,"has_tables":true,"body_markdown":"** **\n\n**Item\n8. Financial Information**\n\n \n\n**A.\nConsolidated Statements and Other Financial Information**\n\n \n\nPlease\nrefer to “Item 18. Financial Statements.”\n\n** **\n\n**Legal\nProceedings**\n\n \n\nAs\nof the date of this annual report, Etoiles Cayman and its subsidiaries had not been involved in any legal proceedings, investigations,\nclaims nor had we been aware of any pending or threatened litigation, arbitration or other claims, which would have a material adverse\nimpact on the operations, financial position and reputation of our Group.\n\n \n\n**Dividend\nPolicy**\n\n \n\nDuring the years ended December 31, 2025, 2024 and 2023 and up to the\ndate of this annual report, no transfers, dividends or distributions have been made by Etoiles Cayman, Zynergy BVI, Etoiles Consultancy,\nEtoiles Financial, Etoiles Vision and Etoiles Original. We intend to retain all available funds and future earnings, if any, for operation\nand business development, however, we may pay dividends on our Class A Ordinary Shares in the foreseeable future. Any future determination\nrelated to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results\nof operations, capital requirements, contractual requirements, business prospects and other factors the board of directors deems relevant,\nand subject to the restrictions contained in any future financing instruments.\n\n \n\nThe\ndeclaration, amount and payment of any future dividends will be at the sole discretion of our board of directors, subject to compliance\nwith applicable Cayman Islands laws regarding solvency. Our board of directors will take into account general economic and business conditions,\nour financial condition and results of operations, our available cash and current and anticipated cash needs, capital requirements, contractual,\nlegal, tax and regulatory restrictions and other implications on the payment of dividends by us to our shareholders or by our subsidiaries\nto us, and such other factors as our board of directors may deem relevant. In addition, our shareholders may by ordinary resolution declare\na dividend, but no dividend may exceed the amount recommended by our board of directors\n\n \n\nUnder\nCayman Islands law, our board of directors may authorize payment of a dividend to shareholders at such time and of such an amount out\nof profits or our share premium account, if shares have been issued at a premium. No dividend may be paid out of our share premium account\nunless immediately following the payment we are able to pay our debts as they fall due in the ordinary course of business. Subject to\ncompliance with applicable solvency requirements, there is no further Cayman Islands statutory restriction on the amount of funds which\nmay be distributed by us by dividend.\n\n \n\nAs\nwe are a holding company, we rely on dividends paid to us by our subsidiaries for our cash requirements, including funds to pay any dividends\nand other cash distributions to our shareholders, service any debt we may incur and pay our operating expenses. Our ability to pay dividends\nto our shareholders will depend on, among other things, the availability of dividends from our Hong Kong Operating Subsidiary and Etoiles\nFinancial.\n\n \n\nCash\ndividends, if any, on our Class A Ordinary Shares will be paid in U.S. dollars or HK Dollar.\n\n \n\nAs\nan exempted company, we are not subject to any income, withholding or capital gains taxes in the Cayman Islands. Our shareholders will\nnot be subject to any income, withholding or capital gains taxes in the Cayman Islands with respect to their shares and dividends received\non those shares, nor will they be subject to any estate or inheritance taxes in the Cayman Islands.\n\n \n\n**8.B. Significant\nChanges**\n\n \n\nExcept\nas otherwise disclosed in this report, we have not experienced any significant changes since the date of our audited consolidated financial\nstatements included herein."}