Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 32

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 32
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or the Cyberspace Administration of China (“CAC”), or any other government entity, for our initial public offering and listing
on NYSE. However, we cannot guarantee whether permission or any licenses or approvals will be required from the PRC authorities if the
relevant PRC government agencies reach a different conclusion. If it is determined in the future that such permission, licenses or approvals
or other procedural requirements are required to be met for and prior to this offering, it is uncertain whether we can or how long it
will take us to obtain such permission, licenses or approvals or complete such procedures and any such permission, licenses or approvals
could be rescinded. Our ability to use the proceeds from this offering and to capitalize or otherwise fund our Hong Kong-based operations
may also be negatively affected, which could materially and adversely affect our liquidity and our ability to fund and expand our business.

The Regulations on Mergers and
Acquisitions of Domestic Companies by Foreign Investors (the “M&A Rules”), adopted by six PRC regulatory agencies in
2006 and amended in 2009, require an offshore special purpose vehicle formed for the purpose of an overseas listing of securities in
a PRC company to obtain the approval of the CSRC prior to the listing and trading of such special purpose vehicle’s securities
on an overseas stock exchange. We believe that we are not required to obtain any licenses or approvals, under applicable PRC laws and
regulations, for our listing on the NYSE and seeking a target for the initial business combination. However, substantial uncertainty
remains regarding the scope and applicability of the M&A Rules to offshore special purpose vehicles.

Recently, the General Office
of the Central Committee of the Communist Party of China and the General Office of the State Council (“General Offices”)
jointly issued the “Opinions on Severely Cracking Down on Illegal Securities Activities According to Law,” or the “Opinions,”
which were made available to the public on July 6, 2021. The Opinions emphasized the need to strengthen the administration over
illegal securities activities, and the need to strengthen the supervision over overseas listings by Chinese companies. Effective measures,
such as promoting the construction of relevant regulatory systems will be taken to deal with the risks and incidents of China-concept
overseas listed companies, and cybersecurity and data privacy protection requirements and similar matters. The Opinions and any related
implementing rules to be enacted may subject us to compliance requirements in the future. Given the current regulatory environment in
the