Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 22

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
Chunk 22
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 business and could require it to change certain aspects of its business
to ensure compliance, which could decrease demand for its products or services, reduce revenues, increase costs, require us to obtain
more licenses, permits, approvals or certificates, or subject it to additional liabilities. As such, the post-combination entity’s
operations could be adversely affected, directly or indirectly, by existing or future PRC laws and regulations relating to its business
or industry, which could result in a material adverse change in the value of our securities, potentially rendering it worthless. As a
result, both you and we face uncertainty about future actions by the PRC government that could significantly affect our ability to offer
or continue to offer securities to investors and cause the value of our securities to significantly decline or be worthless.

For a more detailed discussion
of the uncertainties relating to business combination with a China-based company, see “Risk Factors — Risks Relating
to Acquiring a Company with Operations in China.”

16

Enforceability of Civil Liability

We are a company incorporated
under the laws of the BVI and therefore, located and administered from outside of the United States. The proceeds we received from
the IPO are held in U.S. Dollars and deposited in a trust account in the United States maintained by Continental Stock Transfer
& Trust Company, as trustee. The trust account is governed by an Investment Management Trust Agreement between us and Continental
Stock Transfer & Trust Company.

Our corporate affairs will
be governed by our amended and restated memorandum and articles of association, the Companies Act (as the same may be supplemented or
amended from time to time) or the common law of the BVI. The rights of shareholders to act against the directors, actions by minority
shareholders and the fiduciary responsibilities of our directors to us under BVI law are to a large extent governed by the Companies Act
and common law of the BVI. The common law of the BVI is derived in part from comparatively limited judicial precedent in the BVI
as well as from English common law, and whilst the decisions of the English courts are of persuasive authority, they are not binding on
a court in the BVI. The rights of our shareholders and the fiduciary responsibilities of our directors under BVI laws are different
from statutes or judicial precedent in some jurisdictions in the United States. In particular, the BVI has a less developed body
of securities laws as compared to the United