Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 254

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1A
Chunk 254
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 ownership of
businesses that are determined from time to time to be in “important industries” that may affect the national economic security
or those having “famous brand names” or “well-established brand names.”

If
we or any of our potential future target businesses are found to be in violation of any existing or future local laws or regulations
(for example, if we are deemed to be holding equity interests in certain of our affiliated entities in which direct foreign ownership
is prohibited), the relevant regulatory authorities might have the discretion to:

    ●
    revoke
    the business and operating licenses of the potential future target business;

    ●
    confiscate
    relevant income and impose fines and other penalties;

    ●
    discontinue
    or restrict the operations of the potential future target business;

    ●
    require
    us or the potential future target business to restructure the relevant ownership structure or operations;

    ●
    restrict
    or prohibit our use of the proceeds of the IPO to finance our businesses and operations in the relevant jurisdiction; or

    ●
    impose
    conditions or requirements with which we or the potential future target business may not be able to comply.

If
we acquire control of a target business through contractual arrangements with one or more operating businesses in the PRC, such contracts
may not be as effective in providing operational control as direct ownership of such business and may be difficult to enforce.

  46 

We
will only acquire a business or businesses that, upon the consummation of our initial business combination, will be our majority-owned
subsidiaries and will be neither investment companies nor companies excluded from the definition of an investment company by Section
3I(1) or I)(7) of the Investment Company Act. However, the PRC has restricted or limited foreign ownership of certain kinds of assets
and companies operating in certain industries. The industry groups that are restricted are wide-ranging, including, for example, certain
aspects of telecommunications, food production, and heavy equipment manufacturers. In addition, there can be restrictions on the foreign
ownership of businesses that are determined from time to time to be in “important industries” that may affect the national
economic security or having “famous brand names” or “well-established brand names.” Subject to the review and
approval requirements of the relevant agencies for acquisitions of assets and companies in the relevant jurisdictions and subject to
the various percentage ownership limitations that exist from time to time, acquisitions involving foreign investors and parties in the