Company: DKI
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001493152-25-010539
Chunk: 9

Company: DarkIris Inc.
Filing Date: 2025-03-17
Form: DRS
Chunk 9
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 to emerging market companies upon assessing the qualification of their auditors, especially the non-U.S. auditors who are not inspected by the PCAOB.”

DarkIris is incorporated in the Cayman Islands. As a holding company with no material operations of our own, we conduct our substantial operations in Hong Kong and China through our Hong Kong and PRC subsidiaries, Quantum, Stellar and Turing. Although other means are available for us to obtain financing at the holding company level, DarkIris’s ability to pay dividends to its shareholders and to service any debt it may incur may depend upon dividends paid by Quantum, Stellar and Turing.

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.

Cash is expected to be transferred through our organization in the following manner: (i) funds are transferred to Quantum and Stellar, our Hong Kong operating entities, and Turing, our PRC operating entity, from DarkIris in the form of capital contributions or shareholder loans, as the case may be; and (ii) dividends or other distributions may be paid by Quantum, Stellar and Turing 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 the business is in the PRC or in a PRC entity, the funds may not be available to fund operations or for other use outside of the PRC due to interventions in or the imposition of restrictions and limitations on the ability of DarkIris and its subsidiaries by the PRC government to transfer cash, and we cannot assure you that the PRC government will not intervene in or impose restrictions on the ability of DarkIris and its subsidiaries to transfer cash.

In the future, cash proceeds raised from overseas financing activities, including this offering, may be transferred by us to our Hong Kong and PRC subsidiaries, as the case may be. In order for us to pay dividends to our shareholders, we may rely on payments made by Quantum, Stellar and Turing. If any of our subsidiaries incur debt on its own behalf in the future