{"url_path":"/sec/lud/10-k/2026/item-8","section_key":"item-8","section_title":"Item 8 **","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1984124/0001213900-26-057512-index.html","accession_number":"0001213900-26-057512","cik":"0001984124","ticker":"LUD","issuer_name":"Luda Technology Group Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1984124/0001213900-26-057512-index.html","primary_entity_key":"0001984124","primary_entity_name":"Luda Technology Group Ltd"},"word_count":580,"has_tables":true,"body_markdown":"**ITEM 8.**\n**FINANCIAL INFORMATION**\n\n \n\n**8.A. Consolidated Statements and Other Financial\nInformation**\n\n \n\nThe financial statements required by this item\nmay be found at the end of this annual report on Form 20-F, beginning on page F-1.\n\n \n\n**Legal Proceedings**\n\n \n\nFrom time to time, we may become a party to various\nlegal or administrative proceedings arising in the ordinary course of our business, including actions with respect to intellectual property\ninfringement, violation of third-party licenses or other rights, breach of contract, and labor and employment claims. We are currently\nnot a party to, and we are not aware of any threat of, any legal or administrative proceedings that, in the opinion of our management,\nare likely to have any material and adverse effect on our business, financial condition, cash flow, or results of operations.\n\n** **\n\n**Dividends**\n\n \n\nOn January 8, 2024, May 6, 2024 and August 26,\n2024, Luda Cayman paid dividend of RMB9,250,000, RMB5,700,000 and RMB9,000,000, respectively, to Diamond Horses Group Limited. We may\ndeclare or pay dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion\nof our board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements,\nbusiness prospects and other factors the board of directors deems relevant, and subject to the restrictions contained in any future financing\ninstruments. \n\n \n\nThe declaration, amount and payment of any future\ndividends will be at the sole discretion of our board of directors, subject to compliance with applicable Cayman Islands laws. Our board\nof directors will take into account general economic and business conditions, our financial condition and results of operations, our available\ncash and current and anticipated cash needs, capital requirements, contractual, legal, tax and regulatory restrictions and other implications\non the payment of dividends by us to our shareholders or by our subsidiaries to us, and such other factors as our board of directors may\ndeem relevant.\n\n \n\nSubject to the Companies Act and our amended and restated memorandum\nand articles of association, our board of directors may authorize payment of a dividend to shareholders at such time and of such an amount\nout of profits and/or our share premium account, if shares have been issued at a premium, provided that in no circumstances may a dividend\nbe paid if the dividend payment would result in the company being unable to pay its debts as they fall due in the ordinary course of business.\n\n \n\n80\n\n \n\nAs we are a holding company, we rely on dividends\npaid to us by our subsidiaries for our cash requirements, including funds to pay any dividends and other cash distributions to our shareholders,\nservice any debt we may incur and pay our operating expenses. Our ability to pay dividends to our shareholders will depend on, among other\nthings, the availability of dividends from our PRC subsidiary Luda PRC.\n\n \n\nCash dividends, if any, on our Shares will be\npaid in U.S. dollars.\n\n \n\nAs an exempted company, we are not subject to\nany income, withholding or capital gains taxes in the Cayman Islands. Our shareholders will not be subject to any income, withholding\nor capital gains taxes in the Cayman Islands with respect to their shares and dividends received on those shares, nor will they be subject\nto any estate or inheritance taxes in the Cayman Islands. \n\n \n\n**8.B. Significant Changes**\n\n \n\nExcept as disclosed elsewhere in this annual report,\nno other significant changes to our financial condition have occurred since the date of the annual financial statements contained herein."}