Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 28

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 28
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RC and report related information under certain circumstances,
such as: a) an issuer making an application for initial public offering and listing in an overseas market; b) an issuer making an overseas
securities offering after having been listed on an overseas market; c) a domestic company seeking an overseas direct or indirect listing
of its assets through single or multiple acquisition(s), share swap, transfer of shares or other means. According to the Notice on Arrangements
for Overseas Securities Offering and Listing by Domestic Enterprises, published by the CSRC on February 17, 2023, a company that (i) has
already completed overseas listing or (ii) has already obtained the approval for the offering or listing from overseas securities regulators
or exchanges but has not completed such offering or listing on or before effective date of the new rules but completed the offering or
listing before September 30, 2023 will be considered as an existing listed company and is not required to make any filing until it conducts
a new offering in the future. Furthermore, upon the occurrence of any of the material events specified below after an issuer has completed
its offering and listed its securities on an overseas stock exchange, the issuer shall submit a report thereof to the CSRC within 3 business
days after the occurrence and public disclosure of the event: (i) change of control; (ii) investigations or sanctions imposed by overseas
securities regulatory agencies or other competent authorities; (iii) change of listing status or transfer of listing segment; or (iv)
voluntary or mandatory delisting. The New Overseas Listing Rules stipulate the legal consequences to the companies for breaches,
including failure to fulfill filing obligations or filing documents having false statement or misleading information or material omissions,
which may result in administrative penalties such as order to rectify, warnings and a fine ranging from RMB1 million to RMB10 million,
and in cases of severe violations, the controlling shareholders, actual controllers, the person directly in charge and other directly
liable persons may also be subject to administrative penalties, such as warnings and fines and may be barred from entering the securities
market.

Negative List Relating to Foreign Investment

Investment activities in the PRC by foreign
investors are principally governed by the Guidance Catalog of Industries for Foreign Investment promulgated and as amended from time
to time by MOFCOM and National Development and Reform Commission (the “ NDRC”) and MOFCOM. The NDRC and the MOFCOM
promulgated the Special Administrative Measures