Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 84

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 84
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 of an investment company by Section
3I(1) or I)(7) of the Investment Company Act. However, the PRC has restricted or limited foreign ownership of certain kinds of assets
and companies operating in certain industries. The industry groups that are restricted are wide-ranging, including, for example, certain
aspects of telecommunications, food production, and heavy equipment manufacturers. In addition, there can be restrictions on the foreign
ownership of businesses that are determined from time to time to be in “important industries” that may affect the national
economic security or having “famous brand names” or “well-established brand names.” Subject to the review and
approval requirements of the relevant agencies for acquisitions of assets and companies in the relevant jurisdictions and subject to
the various percentage ownership limitations that exist from time to time, acquisitions involving foreign investors and parties in the
various restricted categories of assets and industries may nonetheless sometimes be consummated using contractual arrangements with permitted
local parties. To the extent that such agreements are employed, they may be for control of specific assets such as intellectual property
or control of blocks of the equity ownership interests of a company which may provide exceptions to the merger and acquisition regulations
mentioned above since these types of arrangements typically do not involve a change of equity ownership in the operating company. The
agreements would be designed to provide our company with the economic benefits of, and control over, the subject assets or equity interests
similar to the rights of full ownership, while leaving the technical ownership in the hands of local parties who would be our nominees
and, therefore, may exempt the transaction from certain regulations, including the application process required thereunder.

However,
since there has been limited implementation guidance provided with respect to such regulations, the relevant government agency might
apply them to a business combination effected through contractual arrangements. If such an agency determines or interprets that such
an application should have been made or that our potential future target businesses are otherwise in violation of local laws or regulations,
consequences may include confiscating relevant income and levying fines and other penalties, revoking business and other licenses, requiring
restructure of ownership or operations, requiring discontinuation or restriction of the operations of any portion or all of the acquired
business, restricting or prohibiting our use of the proceeds of the IPO to finance our businesses and operations and imposing conditions
or requirements with which we or potential future target businesses may not be able to comply, and we could be unable to assert our contractual
control rights over the assets of the post