Company: OCG
Filing Date: 2025-12-11
Form Type: 424B5
Source: 0001213900-25-120719
Chunk: 57

Company: Oriental Culture Holding LTD
Filing Date: 2025-12-11
Form: 424B5
Chunk 57
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 on illegal activities in the securities
market, enhancing supervision over China-based companies listed overseas using variable interest entity structure, adopting new measures
to extend the scope of cybersecurity reviews, and expanding the efforts in anti-monopoly enforcement. On July 6, 2021, the General Office
of the Communist Party of China Central Committee and the General Office of the State Council jointly issued an announcement to crack
down on illegal activities in the securities market and promote the high-quality development of the capital market, which, among other
things, requires the relevant governmental authorities to strengthen cross-border oversight of law-enforcement and judicial cooperation,
to enhance supervision over China-based companies listed overseas, and to establish and improve the system of extraterritorial application
of the PRC securities laws. On December 28, 2021, Cybersecurity Review Measures published by Cyberspace Administration of China or the
CAC, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Public Security, Ministry
of State Security, Ministry of Finance, Ministry of Commerce, People’s Bank of China, State Administration of Radio and Television,
China Securities Regulatory Commission, State Secrecy Administration and State Cryptography Administration, effective on February 15,
2022, which provides that, Critical Information Infrastructure Operators (“CIIOs”) that intend to purchase internet products
and services and Online Platform Operators engaging in data processing activities that affect or may affect national security shall be
subject to the cybersecurity review by the Cybersecurity Review Office. On November 14, 2021, CAC published the Administration Measures
for Cyber Data Security (Draft for Public Comments), or the “Cyber Data Security Measure (Draft)”, which requires cyberspace
operators with personal information of more than 1 million users who want to list abroad to file a cybersecurity review with the Office
of Cybersecurity Review. On July 7, 2022, CAC promulgated the Measures for the Security Assessment of Data Cross-border Transfer, effective
on September 1, 2022, which requires the data processors to apply for data cross-border security assessment coordinated by the CAC under
the following circumstances: (i) any data processor transfers important data to overseas; (ii) any critical information infrastructure
operator or data processor who processes personal information of over 1 million people provides personal information to overseas; (iii)
any data processor who provides personal information to overseas and has already provided personal information of more than 100,000 people
or sensitive personal information