Company: DKI
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001493152-25-010539
Chunk: 14

Company: DarkIris Inc.
Filing Date: 2025-03-17
Form: DRS
Chunk 14
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 United States is [*], located at [*]. Our corporate website is [*]. Information contained on our website does not constitute part of this prospectus.

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<div align='center'>Transfers of Cash To and From Our Subsidiaries</div>

As of the date of this prospectus, we have not made any transfers between the holding company and our subsidiaries, and none of our subsidiaries have ever issued any dividends or distribution to the holding company or their respective shareholders outside of Hong Kong or China. There can be no assurance that the cash maintained in the PRC could be transferred out for the payment of dividends or the cash could be deployed into our business which shall be subject to the PRC regulations and policies.

To address persistent capital outflows and the RMB’s depreciation against the U.S. dollar in the fourth quarter of 2016, the People’s Bank of China and the State Administration of Foreign Exchange, or SAFE, have implemented a series of capital control measures in the subsequent months, including stricter vetting procedures for China-based companies to remit foreign currency for overseas acquisitions, dividend payments and shareholder loan repayments. The PRC government may continue to strengthen its capital controls and our PRC subsidiaries’ dividends and other distributions may be subject to tightened scrutiny in the future. The PRC government also imposes controls on the conversion of RMB into foreign currencies and the remittance of currencies out of the PRC. Therefore, we may experience difficulties in completing the administrative procedures necessary to obtain and remit foreign currency for the payment of dividends from the profits of Turing, if any. Furthermore, if our subsidiary in the PRC incur debt on their own in the future, the instruments governing the debt may restrict their ability to pay dividends or make other payments.

Cash is expected to be transferred through our organization in the following manner: (i) funds are transferred to Turing, from DarkIris through Quantum in the form of capital contributions or shareholder loans, as the case may be; (ii) dividends or other distributions may be paid by Turing to DarkIris through Quantum; (iii) funds are transferred to Stellar from DarkIris in the form of capital contribution or shareholder loans, as the case may be; and (iv) dividends or other distributions may be paid by Stellar to DarkIris. As of the date of this prospectus, we do not maintain cash management policies or procedures dictating the amount of such funding or how funds are transferred and have not made any transfers for both directions. To the extent cash in Turing