Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 130

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1A
Chunk 130
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. As of the date of hereof, we have not received any inquiry, notice, warning, sanction
or any regulatory objection to the listing of our securities on Nasdaq from any PRC authorities.

We
do not consider ourselves 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. 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 do not have 50% or more of our total
assets, net assets, revenues or profits located or generated in China.

However,
applicable laws, regulations, or interpretations of PRC may change, and the relevant PRC government agencies could reach a different
conclusion. There is also a possibility that we may not be able to obtain or maintain such approval or that we inadvertently concluded
that such approval was not required when in fact it was. If prior approval was required while we inadvertently concluded that such approval
was not required or if applicable laws and regulations or the interpretation of such were modified to require us to obtain the approval
in the future, we may face regulatory actions or other sanctions from relevant Chinese regulatory authorities. These authorities may
take actions that could have a material adverse effect upon our business, financial condition, results of operations, reputation and
prospects, as well as the trading price of our securities. In addition, any changes in P