Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 128

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1A
Chunk 128
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ITEM
1A. RISK FACTORS

As
a smaller reporting company, we are not required to make disclosures under this Item although we are highlighting certain risks below
that may be applicable to us. Please see our prospectus dated March 16, 2022 for additional risk factors applicable to us.

Changes
in the policies, regulations, rules, and the enforcement of laws of the PRC government may be quick with little advance notice and could
have a significant impact on our business and prospects.

Even
though we are a blank check company incorporated in Delaware, a majority of our officers and directors are either located in China or
have significant ties to China. Accordingly, economic, political and legal developments in the PRC may significantly affect our business
and prospects. Policies, regulations, rules, and the enforcement of laws of the PRC government may change quickly with little advance
notice, which can have significant effects on economic conditions in the PRC and the ability of businesses to operate profitably. If
those significant ties continue in existence following our initial business combination, our post-combination entity’s business,
financial condition and results of operations may be subject to changes in policies by the PRC government, including changes in laws,
regulations or their interpretation, particularly those dealing with the internet, including censorship and other restriction on material
which can be transmitted over the internet, security, intellectual property, money laundering, taxation and other laws that affect our
post-combination entity’s ability to operate its business.

Even
though we are not a China-based issuer, the sponsor and a majority of our officers and directors have significant ties to China. The
Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence
its operations at any time, which could result in a material change in its operations and/or the value of our securities. We are also
currently not required to obtain approval from Chinese authorities to list on U.S. exchanges, however, if the relevant PRC government
agencies decide that we were required to obtain approval and we were denied permission from Chinese authorities to list on U.S. exchanges,
we will not be able to continue listing on a U.S. exchange, which would materially affect the interest of our investors.

The
Chinese government has exercised and continues to exercise substantial control over virtually every sector of the Chinese economy through
regulation and state ownership. Even though we are not a PRC operating entity or a China-based issuer, the sponsor and a majority