Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 572

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1A
Chunk 572
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Inc. (NYSE: DIDI) and two days later ordered that the company’s app be removed from smartphone app stores. On July 5, 2021, the
Chinese cybersecurity regulator launched the same investigation on two other Internet platforms, China’s Full Truck Alliance of
Full Truck Alliance Co. Ltd. (NYSE: YMM) and Boss of KANZHUN LIMITED (Nasdaq: BZ). On July 24, 2021, the General Office of the Communist
Party of China Central Committee and the General Office of the State Council jointly released the Guidelines for Further Easing the Burden
of Excessive Homework and Off-campus Tutoring for Students at the Stage of Compulsory Education, pursuant to which foreign investment
in such firms via mergers and acquisitions, franchise development, and variable interest entities are banned from that sector.

On
July 10, 2021, the CAC released the Cybersecurity Review Measures (Revised Draft for Solicitation of Comments), or the Revised Cybersecurity
Measures, pursuant to which operator holding more than one million users/users’ (which is to be further specified) individual information
shall be subject to cybersecurity review before listing abroad. The cybersecurity review will evaluate, among others, the risk of critical
information infrastructure, core data, important data, or a large amount of personal information being influenced, controlled or maliciously
used by foreign governments after going public overseas. The procurement of network products and services, data processing activities
and overseas listing should also be subject to cybersecurity review if they concern or potentially pose risks to national security. According
to the effective Cybersecurity Review Measures, online platform/website operators of certain industries may be identified as critical
information infrastructure operators by the CAC, once they meet standard as stated in the National Cybersecurity Inspection Operation
Guide, and such operators may be subject to cybersecurity review. The scope of business operations and financing activities that are
subject to the Revised Cybersecurity Measures and the implementation thereof is not yet clear. As of the date of this report, we have
not been informed by any PRC governmental authority of any requirement that we file for approval in connection with an offering of our
common stock.

10

On
August 17, 2021, the State Council promulgated the Regulations on the Protection of the Security of Critical Information Infrastructure,
or the Regulations, which took effect on September 1, 2021. The Regulations supplement and specify the provisions on the security of
critical information infrastructure as