Company: NCL
Filing Date: 2025-11-14
Form Type: 424B3
Source: 0001575872-25-000688
Chunk: 43

Company: Northann Corp.
Filing Date: 2025-11-14
Form: 424B3
Chunk 43
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 the Security Administration Draft was December 13, 2021.

As of the date of this
prospectus, we have not received any notice from any authorities identifying our PRC subsidiaries as CIIOs or requiring us to go through
cybersecurity review or network data security review by the CAC. We believe that the operations of our PRC subsidiaries and our listing
will not be affected and that we will not be subject to cybersecurity review and network data security review by the CAC, given that:
(i) because our companies mainly manufacture and sell vinyl flooring products, our PRC subsidiaries are unlikely to be classified as CIIOs
by the PRC regulatory agencies; (ii) our PRC subsidiaries make all of their sales through distributors and do not collect or have access
to personal data of the end customers and as a result, we possess personal data of fewer than one million individual clients in our business
operations as of the date of this prospectus; and (iii) since our PRC subsidiaries are in the vinyl flooring manufacture and wholesale
industry, data processed in our business is unlikely to have a bearing on national security and therefore is unlikely to be classified
as core or important data by the authorities. There remains uncertainty, however, as to how the Cybersecurity Review Measures and the
Security Administration Draft will be interpreted or implemented and whether the PRC regulatory agencies, including the CAC, may adopt
new laws, regulations, rules, or detailed implementation and interpretation related to the Cybersecurity Review Measures and the Security
Administration Draft. If any such new laws, regulations, rules, or implementation and interpretation come into effect, we will take all
reasonable measures and actions to comply and to minimize the adverse effect of such laws on us. We cannot guarantee, however, that we
will not be subject to cybersecurity review and network data security review in the future. During such reviews, we may be required to
suspend our operations or experience other disruptions to our operations. Cybersecurity review and network data security review could
also result in negative publicity with respect to our Company and a diversion of our managerial and financial resources, which could materially
and adversely affect our business, financial conditions, and results of operations.

If we and/or our subsidiaries were to be required to obtain any permission or approval from or complete any filing procedure with the China Securities Regulatory Commission (the “CSRC”), the CAC, or other PRC governmental authorities in connection with future follow-on offerings under PRC laws, we and/or our subsidiaries may