Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 21

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
Chunk 21
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 and share issuances (post-business combination)

If we choose to complete our
business combination with a China-based company, we may be required to obtain approval from Chinese authorities, including CSRC or CAC,
to continue to list on U.S. exchanges or issue securities to foreign investors post business combination.

Post-business combination,
we could be subject to regulations by various political and regulatory entities, including various local and municipal agencies and government
sub-divisions, and these regulations may be interpreted and applied inconsistently by different agencies or authorities.

If approval is required in
the future and were denied permission from Chinese authorities to list on U.S. exchanges, we will not be able to continue listing
on U.S. exchanges, which would materially affect the interest of the investors. It is uncertain when and whether the post-combination
entity will be required to obtain permission from the PRC government to continue to list on U.S. exchanges in the future, and even
when such permission is obtained, whether it will be denied or rescinded. Although we are currently not required to obtain permission
from any of the PRC central or local government and have not received any denial to list on a U.S. exchange, our operations may be
adversely affected in the future, directly or indirectly, by existing or future laws and regulations relating to our target’s business
or industry.

15

If after completion of a business
combination with a China-based company, it is determined that permission for our continued listing should have been received, or if received,
is later rescinded, we may incur increased costs necessary to obtain such permission or to comply with existing and newly adopted laws
and regulations or penalties for any failure to comply, and such compliance or any associated inquiries or investigations or any other
government actions may:

    ●
    delay or impede our development;

    ●
    result in negative publicity or increase the company’s operating costs;

    ●
    require significant management time and attention; and

    ●
    subject the post-combination entity to remedies, administrative penalties and even criminal liabilities that may harm our business, including fines assessed for our current or historical operations, or demands or orders that we modify or even cease our business practices.

Further, the promulgation
of new laws or regulations, or the new interpretation of existing laws and regulations, in each case that restrict or otherwise may unfavorably
impact the ability or way the post-combination entity may conduct its