Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 219

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 219
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 a negative impact on the price of our
securities. Such delisting and prohibition could also significantly affect our ability to raise capital on acceptable terms, or at all,
which would have a material adverse effect on our business, financial condition and prospects.

49

Compliance
with the PRC Antitrust law may limit our ability to effect our initial business combination.

The
PRC Antitrust Law became effective on August 1, 2008. The government authorities in charge of antitrust matters in China are the Antitrust
Commission and other antitrust authorities under the State Council. The PRC Antitrust Law regulates (1) monopoly agreements, including
decisions or actions in concert that preclude or impede competition, entered into by business operators; (2) abuse of dominant market
position by business operators; and (3) concentration of business operators that may have the effect of precluding or impeding competition.
To implement the Antitrust Law, in 2008, the State Council formulated the regulations that require filing of concentration of business
operators, pursuant to which concentration of business operators refers to (1) merger with other business operators; (2) gaining control
over other business operators through acquisition of equity interest or assets of other business operators; and (3) gaining control over
other business operators through exerting influence on other business operators through contracts or other means. In 2009, the Ministry
of Commerce, which oversees the Antitrust Commission, promulgated the Measures for Filing of Concentration of Business Operators (amended
by the Guidelines for Filing of Concentration of Business Operators in 2014), which set forth the criteria of concentration and the document
filing requirements. The business combination we contemplate may be considered the concentration of business operators, and to the extent
required by the Antitrust Law and the criteria established by the State Council, we must file with the antitrust authority under the
PRC State Council prior to conducting the contemplated business combination. If the antitrust authority decides not to further investigate
whether the contemplated business combination has the effect of precluding or impeding competition or fails to make a decision within
30 days from receipt of relevant materials, we may proceed to consummate the contemplated business combination. If the antitrust authority
decides to prohibit the contemplated business combination after further investigation, we must terminate such business combination and
would then be forced to either attempt to complete a new business combination if it is within 15 months from the closing of our initial
public