Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 3

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 3
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 domestic enterprises seeking to offer securities and list in overseas markets, either
directly or indirectly, shall establish and improve the system of confidentiality and archives work, and shall complete approval and
filing procedures with competent authorities, if such PRC domestic enterprises or their overseas listing entities provide or publicly
disclose documents or materials involving state secrets and work secrets of state organs to relevant securities companies, securities
service institutions, overseas regulatory agencies and other entities and individuals. It further stipulates that (i) providing or publicly
disclosing documents and materials which may adversely affect national security or public interests, and accounting records or photocopies
thereof to relevant securities companies, securities service institutions, overseas regulatory agencies and other entities and individuals
shall be subject to corresponding procedures in accordance with relevant laws and regulations; and (ii) any working papers formed in
the territory of the PRC by securities companies and securities service agencies that provide domestic enterprises with securities services
relating to overseas securities issuance and listing shall be stored in the territory of the PRC, the outbound transfer of which shall
be subject to corresponding procedures in accordance with relevant laws and regulations. On September 24, 2024, the State Council
published the Administration Measures for Cyber Date Security, or the “ Cyber Data Security Measure”, which requires cyber
data processors to file a national security review if their cyber data processing activities affect or may affect national security.
As of the date of this report, these new laws and guidelines that became effective have not impacted the Company’s ability to conduct
its business, accept foreign investment or list on a U. S. or other foreign stock exchange except for the filing requirement under New
Overseas Listing Rules. The Company has timely filed with CSRC for its private placement offering conducted after effectiveness of the
New Overseas Listing Rules but has not received final clearance from CSRC as of the date of this prospectus. As advised by our PRC
counsel, Tahota (Nanjing) Law Firm, our offerings will be subject to the New Overseas Listing Rules but such offerings are not contingent
upon receipt of approval from the CSRC as the new rules only require the Company to file with CSRC within three business days after the
completion of the overseas offering since the Company is already listed on an oversea exchange before the effective date of the New Overseas
Listing Rules. However, there are uncertainties in the interpretation and enforcement of these new laws and guidelines, which could materially
and adversely impact our business and financial outlook,