Company: NBRG
Filing Date: 2025-06-24
Form Type: DRS/A
Source: 0001213900-25-056981
Chunk: 105

Company: Newbridge Acquisition Ltd
Filing Date: 2025-06-24
Form: DRS/A
Chunk 105
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 in the PRC or Hong Kong. Our efforts to identify a prospective target business will not be limited to a particular industry or geographic region. As such, although we are not targeting target companies in China, we may consider a business combination with an entity or business with a physical presence or other significant ties to the PRC which may subject the post -businesscombination business to the laws, regulations and policies of the PRC. As a result, we may be subject to risks related to the PRC as discussed below. The risks associated with the PRC are not solely future risks associated with acquiring a business in the PRC, but are currently applicable to our company as a result of being based in the PRC and having directors and officers with significant ties to the PRC. We may undertake our initial business combination with an entity or business which is based in a foreign country, including China, and the laws and regulations of such foreign countries may not afford U.S. investors or regulatory agencies access to information normally available to them with respect to U.S. based entities. In November 2020, the SEC Staff issued guidance regarding certain risks and considerations that should be considered by investors regarding foreign entities, specifically the limited ability of U.S. investors and regulatory agencies to rely upon or obtain information from foreign based entities, specifically China based entities, under the laws and regulations of such foreign countries. As stated by the SEC Staff, “[A]lthough China -basedIssuers that access the U.S. public capital markets generally have the same disclosure obligations and legal responsibilities as other non -U.S. issuers, the Commission’s ability to promote and enforce high -qualitydisclosure standards for China -basedIssuers may be materially limited. As a result, there is substantially greater risk that their disclosures may be incomplete or misleading. In addition, in the event of investor harm, investors generally will have substantially less access to recourse, in comparison to U.S. domestic companies and foreign issuers in other jurisdictions.” Among other potential issues and risks cited by the SEC Staff, the SEC Staff identified restrictions in China which restricted the PCAOB’s ability to inspect audit work and practices of PCAOB -registeredpublic accounting firms in China and on the PCAOB’s ability to inspect audit work with respect to China -basedissuer audits by PCAOB -registeredpublic accounting firms in Hong Kong. However, we will not conduct an initial business combination with a target company that has an auditor that PCAOB is unable to inspect for two consecutive years at the time of our business combination,