ENFY · Enlightify Inc.
Substantial doubt about the company's ability to continue as a going concern.
“These conditions raise substantial doubt about the Company's ability to continue as a going concern for a period of at least one year from the date these financial statements are issued. The ability of the Company to continue as a going concern is dependent upon its ability to secure alternative sources of financing and ultimately achieve profitable operations. The delisting, if finalized, will severely impair our ability to raise capital through public equity markets. Management's plans to mitigate these adverse conditions include implementing cost-reduction measures, and exploring alternative financing arrangements. However, there can be no assurance that the Company's plans will be successful.”View the 10-Q filed Nov 17, 2025
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 3, 4 and 5. Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2023-12-28 | Song Cui |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2023-12-27 | Shiyu Zhang |
Insider |
Other↑
|
No Securities Owned
|
0 |
| 2023-06-12 | Huang Jian |
Director, 10% Owner |
Other↑
Filing footnotes — Common Stock, par value $0.001 (Indirect)
On April 4, 2022, the reporting person's mother purchased 1,314,286 shares of the Issuer's Common Stock (the "Shares") directly from the Issuer at $15 per share. The purchase was made pursuant to a Share Purchase Agreement dated November 23, 2021 (the "SPA") in transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), in reliance on an exemption provided by Rule 903 of Regulation S and/or Section 4(a)(2) of the Securities Act. On June 12, 2023, the reporting person's mother deposited the Shares to Golden Peak Trust for which the reporting person and his mother are the sole trustees. |
Common Stock, par value $0.001
(I)
|
1,314,286 |
| 2023-04-12 | Pan Zhibiao |
Co-Chief Executive Officer, 10% Owner |
Other↑
Filing footnotes — Common Stock, par value $0.001 (Indirect)
On April 4, 2022, the reporting person's mother purchased 2,286,857 shares of the Issuer's Common Stock (the "Shares") directly from the Issuer at $15 per share. The purchase was made pursuant to a Share Purchase Agreement dated November 23, 2021 (the "SPA") in transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), in reliance on an exemption provided by Rule 903 of Regulation S and/or Section 4(a)(2) of the Securities Act. On April 12, 2023, the reporting person's mother deposited the Shares to Django Creek Trust for which the reporting person and his mother are the sole trustees. |
Common Stock, par value $0.001
(I)
|
2,286,857 |
| 2021-09-23 | Li Xiaolai |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2021-09-23 | Huang Jian |
Director, 10% Owner |
Other↑
|
No Securities Owned
|
0 |
| 2021-04-08 | Shiyu Zhang |
Insider |
Other↑
|
No Securities Owned
|
0 |