Maitong Sunshine Cultural Development Co., Ltd 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Market Information Our shares of common stock are, at present, listed for trading on the OTCQB under the trading symbol “MGSD”. The Company’s common stock is thinly traded. The quoted bid and asked prices for the Common Stock vary significantly from week to week. An investor holding shares of the Company’s Common Stock may find it difficult to sell the shares and may find it impossible to sell more than a small number of shares at the quoted bid price. Holders of Securities As of the date of filing of this report, we had 65 shareholders of record and 60,500,000 outstanding shares of common stock, par value $0.001. On November 27, 2023, MGSD issued 60,000,000 shares of its common stock to the original shareholders of Maitong Sunshine Cultural Development Co., Limited (Samoa), in exchange for 100% of the outstanding shares of Maitong Sunshine Cultural Development Co., Limited (Samoa) (the “Share Exchange”). On February 20, 2025 Maitong Sunshine Cultural Development, Inc. (“Maitong Sunshine”) signed a Consulting, Public Relations and Marketing Letter Agreement with StockVest of Celebration Florida. The Agreement has a term of six months, during which StockVest will launch a market awareness campaign for Maitong Sunshine and perform various public and investor relations services. In full compensation for StockVest’s services, Maitong Sunshine will issue to StockVest 500,000 restricted shares of Maitong Sunshine common stock on or prior to February 26, 2025. Dividends We have not declared or paid any cash dividends on our common stock since our inception, and our board of directors currently intends to retain all earnings for use in the business for the foreseeable future. Any future payment of dividends will depend upon our results of operations, financial condition, cash requirements and other factors deemed relevant by our board of directors. There are currently no restrictions that limit our ability to declare cash dividends on our common stock. However, the PRC government imposes controls on the convertibility of the RMB into foreign currencies and, in certain cases, the remittance of currency out of China. In addition, our subsidiary in China is required to set aside at least 10% of its after-tax profits each year, if any, to fund a statutory reserve until such reserve reaches 50% of its registered capital. Tongzhilian is also required to further set aside a portion of its after-tax profits to fund the employee welfare fund, although the amount to be set aside, if any, is determined at the discretion of its board of directors. Although the statutory reserves can be used, among other ways, to increase the registered capital and eliminate future losses in excess of retained earnings of the respective companies, the reserve funds are not distributable as cash dividends except in the event of liquidation. Securities Authorized for Issuance Under Equity Compensation Plans We do not have any compensation plan under which equity securities are authorized for issuance. Sales of Unregistered Securities The Company did not have any unregistered sales of equity securities during the fiscal quarter ended September 30, 2025. Repurchase of Equity Securities The Company did not repurchase any of its equity securities that were registered under Section 12 of the Securities Act during the fiscal quarter ended September 30, 2025. 26 Item 6. [Reserved] This Item is not applicable at this time.