Company: JSKJ
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001477932-25-008401
Chunk: 121

Company: Jiansu (Shanghai) Information Technology Co., Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 121
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 welfare and bonus funds, which may not be distributed to equity owners except in the event of liquidation. Under PRC law, RMB is currently convertible into U.S. Dollars under a company’s “current account,” which includes dividends, trade and service-related foreign exchange transactions, without prior approval of the SAFE, but is not from a company’s “capital account,” which includes foreign direct investments and loans, without the prior approval of the SAFE.

With respect to retained earnings accrued after such date, our board of directors may declare dividends after taking into account our operations, earnings, financial condition, cash requirements and availability and other factors as it may deem relevant at such time. Any declaration and payment, as well as the amount, of dividends will be subject to our memorandum and articles of association and applicable Cayman Islands, and Chinese laws and regulations, including the approval from the shareholders of each subsidiary which intends to declare such dividends, if applicable.

We have limited financial obligations dominated in U.S. dollars, thus the foreign currency restrictions and regulations in the PRC on dividend distribution will not have a material impact on our liquidity, financial condition and results of operations of the Company.

Cash Flows for the Fiscal Years Ended June 30, 2024 and 2023

The following tables present a summary of its cash flows for the periods indicated:

|                                                     |     | For the Fiscal Year Ended June 30, |        2024 |   |     |   |       2023 |   |
|:----------------------------------------------------|:----|:-----------------------------------|------------:|:--|:----|:--|-----------:|:--|
| Net cash (used in) provided by operating activities |     | $                                  | (14,179,754 | ) |     | $ | 48,219,008 |   |
| Net cash (used in) investing activities             |     |                                    | (41,230,516 | ) |     |   | (9,645,435 | ) |
| Net cash provided by (used in) financing activities |     |                                    |  30,413,812 |   |     |   | (5,513,329 | ) |
| Effect of exchange rate changes on cash             |     |                                    |  (1,559,510 | ) |     |   | (1,449,438 | ) |
| Net (decrease) increase in cash and restricted cash |     | $                                  | (26,555,968 | ) |