REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 |
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. |
Title of each class |
Trading Symbol |
Name of each exchange on which registered | ||
* | Not for trading, but only in connection with the registration of American Depositary Shares representing such Class A ordinary shares pursuant to the requirements of the Securities and Exchange Commission. |
Large accelerated filer | ☐ | ☒ | ||||
Non-accelerated filer | ☐ | Emerging growth company |
☒ | International Financial Reporting Standards as issued by the International Accounting Standards Board | ☐ | Other | ☐ |
ITEM 19. |
EXHIBITS |
Exhibit Number |
Description of Exhibits | |
*12.1 | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | |
*12.2 | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | |
*101.INS | Inline XBRL Instance Document—this instance document does not appear on the Interactive Data File because its XBRL tags are not embedded within the Inline XBRL document | |
*101.SCH | Inline XBRL Taxonomy Extension Schema Document | |
*101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | |
*101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | |
*101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | |
*101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
* | Filed herewith |
Canaan Inc. | ||
By: | /s/ Nangeng Zhang | |
Name: | Nangeng Zhang | |
Title: | Chairman and Chief Executive Officer |
Exhibit 12.1
Certification by the Chief Executive Officer
Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
I, Nangeng Zhang, certify that:
1. | I have reviewed this annual report on Form 20-F/A of Canaan Inc. (the Company); |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | [reserved]; |
4. | The Companys other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Company and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
(c) | Evaluated the effectiveness of the Companys disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
(d) | Disclosed in this report any change in the Companys internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the Companys internal control over financial reporting; and |
5. | The Companys other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Companys auditors and the audit committee of the Companys board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Companys ability to record, process, summarize and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the Companys internal control over financial reporting. |
Date: December 22, 2021 | ||
By: | /s/ Nangeng Zhang | |
Name: | Nangeng Zhang | |
Title: | Chairman and Chief Executive Officer |
Exhibit 12.2
Certification by the Chief Financial Officer
Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
I, James Jin Cheng, certify that:
1. | I have reviewed this annual report on Form 20-F/A of Canaan Inc. (the Company); |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | [reserved]; |
4. | The Companys other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Company and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
(c) | Evaluated the effectiveness of the Companys disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
(d) | Disclosed in this report any change in the Companys internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the Companys internal control over financial reporting; and |
5. | The Companys other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Companys auditors and the audit committee of the Companys board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Companys ability to record, process, summarize and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the Companys internal control over financial reporting. |
Date: December 22, 2021 | ||
By: | /s/ James Jin Cheng | |
Name: | James Jin Cheng | |
Title: | Chief Financial Officer |
Cover Page |
12 Months Ended |
---|---|
Dec. 31, 2020
shares
| |
Document Information [Line Items] | |
Document Type | 20-F/A |
Amendment Flag | true |
Document Period End Date | Dec. 31, 2020 |
Document Fiscal Year Focus | 2020 |
Document Fiscal Period Focus | FY |
Entity Registrant Name | Canaan Inc. |
Entity Central Index Key | 0001780652 |
Entity Current Reporting Status | Yes |
Entity Voluntary Filers | No |
Entity Interactive Data Current | Yes |
Current Fiscal Year End Date | --12-31 |
Entity Filer Category | Accelerated Filer |
Entity Well-known Seasoned Issuer | Yes |
Entity Shell Company | false |
Document Shell Company Report | false |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
Document Accounting Standard | U.S. GAAP |
Entity File Number | 001-39127 |
Entity Incorporation, State or Country Code | E9 |
Entity Address, Address Line One | ROOM 2101, 21ST Floor, Building 1 |
Entity Address, Address Line Two | Yard 1, No. 81 Beiqing Road |
Entity Address, City or Town | Haidian District, Beijing |
Entity Address, Country | CN |
Entity Address, Postal Zip Code | 100094 |
Document Annual Report | true |
Document Transition Report | false |
Document Registration Statement | false |
ICFR Auditor Attestation Flag | false |
Amendment Description | The registrant filed with the Securities and Exchange Commission (the “SEC”) an Annual Report on Form 20-F for the fiscal year ended December 31, 2020 (the “Original Form 20-F”) on April 21, 2021. However, the registrant inadvertently omitted certain required language from paragraph 4 of the certifications of the registrant’s principal executive officer and principal financial officer required by Exchange Act Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. This Amendment No. 1 on Form 20-F/A is being filed solely for the purpose of filing revised certifications by the registrant’s principal executive officer and principal financial officer, including the previously omitted language. These revised certifications are currently dated, refer to this Form 20-F/A, and are being included as exhibits to this Amendment No.1 on Form 20-F/A under Part II, Item 19 hereof. In accordance with applicable SEC interpretations, this Form 20-F/A contains only the cover page, this explanatory note, a signature page and the revised certifications (containing only paragraphs 1, 2, 4 and 5 of the text otherwise prescribed by Item 601(b)(31)(i) of Regulation S-K). Except as described above, no attempt has been made in this Amendment No.1 on Form 20-F/A to modify or update the other disclosures or exhibits presented in the Original Form 20-F. Except as presented in this Form 20-F/A and except for Exhibits 12.1 and 12.2 filed herewith, this Amendment No. 1 on Form 20-F/A does not reflect events occurring after the filing of the Original Form 20-F, or modify or update those disclosures. Accordingly, this Amendment No. 1 on Form 20-F/A should be read in conjunction with the Original Form 20-F and the registrant’s other filings with the SEC. |
Class A Ordinary Shares | |
Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 2,060,597,778 |
Title of each class | Class A ordinary shares, par value US$0.00000005 per share |
Name of each exchange on which registered | NASDAQ |
No Trading Symbol Flag | true |
Class B Ordinary Shares | |
Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 311,624,444 |
American Depositary Shares | |
Document Information [Line Items] | |
Title of each class | American Depositary Shares, each representing 15 Class A ordinary share |
Trading Symbol | CAN |
Name of each exchange on which registered | NASDAQ |
Business Contact | |
Document Information [Line Items] | |
Entity Address, Address Line One | ROOM 2101, 21ST Floor, Building 1 |
Entity Address, Address Line Two | Yard 1, No. 81 Beiqing Road |
Entity Address, City or Town | Haidian District, Beijing |
Entity Address, Country | CN |
Entity Address, Postal Zip Code | 100094 |
Contact Personnel Name | James Jin Cheng, Chief Financial Ofiicer |
City Area Code | +86-010 |
Local Phone Number | 6097-4080 |
Contact Personnel Email Address | IR@canaan-creative.com |
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