Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 106

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 106
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to national security, (b) issuers whose affiliates have been recently convicted of bribery and corruption, (c) issuers under ongoing
criminal investigations, and (d) issuers under major disputes regarding equity ownership; (4) issuers’ compliance with web security,
data security, and other national security laws and regulations; (5) issuers’ filing and reporting obligations, such as the obligation
to file with the CSRC after it submits an application for initial public offering to overseas regulators, and the obligation after offering
or listing overseas to report to the CSRC material events including a change of control or voluntary or forced delisting of the issuer;
and (6) the CSRC’s authority to fine both issuers and their shareholders between 1 and 10 million RMB for failure to comply with
the Trial Measures, including failure to comply with filing obligations or committing fraud and misrepresentation.

  57 

As
of the date of the Form 10-K, we have not received any inquiry, notice, warning, sanctions or regulatory objection to the IPO from the
CSRC or any other PRC governmental authorities.

Our
company is a blank check company incorporated under the laws of the Cayman Islands. We currently do not hold any equity interest in any
PRC company or operate any business in China. Therefore, we are not required to obtain any permission from any PRC governmental authorities
to operate our business as currently conducted. If we decide to consummate our business combination with a target business based in and
primarily operating in China, the combined company’s business operations in China through its subsidiaries are subject to relevant
requirements to obtain applicable licenses from PRC governmental authorities under relevant PRC laws and regulations.

If
we select a business combination target that operates in the PRC, the approval of the China Securities Regulatory Commission (the “CSRC”),
the Cybersecurity Review Office (“CRO”), the Central Cyberspace Affairs Commission and/or other PRC authority may be required
for our initial business combination under PRC law.

The
Regulations on Mergers and Acquisitions of Domestic Companies by Foreign Investors (the “M&A Rules”) requires overseas
special purpose vehicles that are controlled by PRC companies or individuals formed for the purpose of seeking a public listing on an
overseas stock exchange through acquisitions of PRC domestic companies using shares of such special purpose vehicles or held by their
shareholders as considerations to obtain the approval of the CSRC, prior to the listing and