Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 21

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1
Chunk 21
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 implicate cybersecurity and we will not undertake
our initial business combination with any entity that conducts a majority of its business or is headquartered in China (including Hong
Kong and Macau), we do not believe that we are, or the post-combination entity will be, a “network platform operator(s)”,
or subject to the cybersecurity review of the Cyberspace Administration of China (the “CAC”). As of the date hereof, we have
not received any inquiry, notice, warning, sanction or any regulatory objection to our listing from any relevant PRC authorities.

Further,
we do not consider ourselves a PRC operating entity or a China-based issuer, in particular, as specified in the Trial Administrative
Measures of the Overseas Securities Offering and Listing by Domestic Companies, or the Trial Measures, and five supporting guidelines
promulgated by the CSRC on February 17, 2023, which became effective on March 31, 2023. According to the Trial Administration Measures,
an issuer is a “domestic [Chinese] company” if the issuer meets both of the following conditions and thus,
subject to the requirements for domestic [Chinese] companies seeking to offer or list securities overseas, both directly and indirectly,
thereunder: (i) any of the total assets, net assets, revenues or profits of the domestic operating entities of the issuer in the most
recent accounting year accounts for more than 50% of the corresponding figure in the issuer’s audited consolidated financial statements
for the same period; and (ii) its major operational activities are carried out in China or its main places of business are located in
China, or the senior managers in charge of operation and management of the issuer are mostly Chinese citizens or are domiciled in China.”
We are a blank check company incorporated in Delaware with no operation of our own except searching for a non-China-based target for
our initial business combination. Furthermore, we do not own or control any equity interest in any PRC company or operate any business
in China, and during the fiscal year ended March 31, 2025, we did not have 50% or more of our total assets, net assets, revenues or profits
located or generated in China.

As
of the date of this Annual Report, no transfers, dividends, or distributions have been made by us. We have not adopted or maintained
any other cash management policies and procedures and need to comply with applicable law or regulations with respect to transfer of funds,
dividends