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Tingo Group Inc
28 West Grand Avenue, Suite 3
Phone: (201) 225-0190p:201 225-0190 MONTVALE, NJ  07645  United States Ticker: TIOGTIOG
On December 18, 2023, the Securities & Exchange Commission filed a complaint against Tingo Group Inc alleging that its financial Statements have been fabricated since at least 2019. On December 23, 2023, the Audit Committee concluded that the consolidated financial statements for 2022, as well as the consolidated financial statements for the first quarter of 2023, its consolidated financial statements for the second quarter of 2023, and its consolidated financial statements for the third quarter of 2023, and the financial statements of Tingo Foods PLC for the period from August 11, 2022 (inception) to the year ended December 31, 2022 and associated report of Deloitte Israel included in Form 8-K/A dated April 27, 2023 should no longer be relied upon.
Business Summary
Tingo Group, Inc. is a holding company. The Company is engaged in conducting the financial technology business, Agri-fintech and the food business through its subsidiaries. The Company’s Verticals and Technology segment is engaged in the insurance brokerage business. The Company’s Online Stock Trading segment operates the business of online stock trading, located mainly in Hong Kong and Singapore. Its Comprehensive Platform Service segment includes the operations of Tingo Mobile. Its Food Processing segment includes the operations of Tingo Foods. Tingo Foods has outsourced its processing activities to third-party food processing plants in Nigeria, for which Tingo Foods arranges the supply of raw crops, as well as the customers for the finished processed foods. Its Export and Commodity Trading segment deals in the export and trade of agricultural commodities and processed foods on a global basis, and is operated through Tingo DMCC, which operates from the Dubai Multi Commodity Centre.
(Source: PROSPECTUS)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202312/31/2022YesYes---

Industries
SIC Code Description
3670 Electronic components and accessories
7374 Computer processing and data preparation and processing services
7379 Computer related services, not elsewhere classified
4812 Radiotelephone communications
5159 Farm-product raw materials, not elsewhere classified
2033 Canned fruits, vegetables, preserves, jams, and jellies
2032 Canned specialties
6719 Offices of holding companies, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Independent Non-Executive Chairman of the Board John M.Scott 76 9/15/2023 11/3/2019
Group Chief Executive Officer, Chief Accounting Officer, Director Kenneth I.Denos 55 12/20/2023 12/1/2022
Group Chief Financial Officer HaoChen 41 11/22/2023 11/29/2021
Controller MoranAmran 42 11/29/2021 1/1/2011
Independent Director C. DerekCampbell 55 10/2/2023 10/2/2023

Subsidiaries
Business Name Address City State/Province Country
Micronet Ltd 16 HaMelacha St. ROSH HA'AYIN Israel

Business Names
Business Name
All Weather Insurance Agency Co., Ltd.
Beijing All Weather Appraisal Co., Ltd.
Beijing Fucheng Insurance Brokerage Co., Ltd
27 additional Business Names available in full report.

General Information
Number of Employees: 797 (As of 12/31/2022)
Outstanding Shares: 241,952,977 (As of 11/19/2023)
Shareholders: 282
Stock Exchange: OTC
Federal Tax Id: 270016420
Fax Number: (302) 421-5753


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Wednesday, November 20, 2024