Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 508

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1
Chunk 508
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 on shares of our Common Stock will be made at the discretion of our
board of directors out of funds legally available for such purpose. We are under no contractual obligations or restrictions to declare
or pay dividends on our shares of Common Stock. In addition, we currently have no plans to pay such dividends. Our board of directors
currently intends to retain all earnings for use in the business for the future.

Equity
Compensation Plan Information

Currently,
there is no equity compensation plan in place.

Purchases
of Equity Securities by the Registrant and Affiliated Purchasers

We
have not repurchased any shares of our common stock during the fiscal year ended December 31, 2024.

22

ITEM
6. SELECTED FINANCIAL DATA

We
are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information
under this item.

ITEM
7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The
following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in
this Annual Report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual
results could differ materially from those discussed in the forward- looking statements. Factors that could cause or contribute to such
differences include, but are not limited to those discussed below and elsewhere in this Report. Our audited financial statements are
stated in U.S. Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.

Company
Overview

Ezagoo
Limited (“the Company” or “EZAGOO”), was incorporated in the State of Nevada on May 9, 2018. The Company’s
revenues were mainly generated from providing advertising services on the bus, and Xindian application that developed the Company (“advertisement
income”). We’re planned to expand our brand to attract more potential users and customers as we met the bottleneck when we
transformed the traditional bus advertising to our Xindian platform since January 1, 2022 (as the Changsha government decided to merger
and control all the local bus themselves that effected on December 28, 2021). However, due to the high-level market competitive (Tiktok,
RED etc.), the effect of the Covid-19, and the unsatisfactory operating dates, the Company decided to shut down the operation of Xindian