Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 316

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1A
Chunk 316
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 at any time alleging us violation of
cybersecurity laws, anti-monopoly laws, and securities offering rules in the PRC in connection with a future business combination, we
may have to spend additional resources and incur additional time delays to comply with the applicable rules, and our business operations
will be affected materially and any such action could cause the value of our securities to significantly decline or be worthless.

As the date hereof, there are no PRC laws and regulations (including
the CSRC, the CAC, or any other government entity) in force explicitly requiring that we obtain permission from PRC authorities for our
Initial Public Offering or to issue securities to foreign investors, and we have not received any inquiry, notice, warning, sanction or
any regulatory objection to our Initial Public Offering from any relevant PRC authorities. However, it is uncertain when and whether any
future combined company will be required to obtain permission from the PRC government to list on U.S. stock exchanges in the future, and
even when such permission is obtained, whether it will be denied or rescinded. Any new policies, regulations, rules, actions or laws by
the PRC government may subject us or our combined company to material changes in operations, may cause the value of our securities significantly
decline or be worthless, and may completely hinder our ability to offer or continue securities to investors.

55

The CSRC and other Chinese government agencies may exert more oversight
and control over offerings that are conducted overseas and foreign investment in PRC-based issuers. It is possible that we may need to
obtain approvals or permissions from the CSRC or another PRC regulatory body if we undertake a business combination with a PRC-based entity.
As a result, we may have to spend additional resources and incur additional time delays to complete any such business combination or be
prevented from pursuing certain investment opportunities, or even 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.

Our initial business combination may be subject to PRC laws relating
to the collection, use, sharing, retention, security, and transfer of confidential and private information, such as personal information
and other data. These laws continue to develop, and the PRC government may exert more oversight and control over offerings that are conducted
overseas and foreign investment in PRC-based issuers in the future by adopting other rules and restrictions. Non-compliance could result
in penalties or