Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 586

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1A
Chunk 586
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 any future improvements may prove to be less than effective,
and the employees, consultants, or sales agents of our Company may engage in conduct for which we might be held responsible. Violations
of the FCPA may result in severe criminal or civil sanctions, and we may be subject to other liabilities, which could negatively affect
our business, operating results and financial condition. In addition, the government may seek to hold our Company liable for successor
liability FCPA violations committed by companies in which we invest or that we acquire.

You
may have difficulty enforcing judgments against us.

We
are a Nevada corporation but most of our assets are and will be located outside of the United States. Almost all our operations are conducted
in the PRC. In addition, all our officers and directors are the nationals and residents of a country other than the United States. Almost
all of their assets are located outside the United States. As a result, it may be difficult for you to effect service of process within
the United States upon them. It may also be difficult for you to enforce in U.S. courts judgments on the civil liability provisions of
the U.S. federal securities laws against us and our officers and directors, since he or she is not a resident in the United States. In
addition, there is uncertainty as to whether the courts of the PRC or other jurisdictions would recognize or enforce judgments of U.S.
courts.

15

Chinese
economic growth slowdown may have a negative effect on our business.

Since
2014, Chinese economic growth has been slowing down from double-digit GDP speed. The annual rate of growth declined from 7.3% in
2014 to 6.9% in 2015, to 6.7% in 2016, to 6.9% in 2017, to 6.6% in 2018, and to 6.1% in 2019 2.3% in 2020, 8.45% in 2021, 3% in
2022, 5.2% in 2023 and 5% in 2024. Due to the impact of COVID-19, China’s economic growth rate in 2020 has slowed to 2.3%, its lowest level
in years. While technology-based financial services companies have not been affected by the pandemic on the same level as companies
in certain other industries, nevertheless a slow economic growth could adversely affect many of our