Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 576

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1A
Chunk 576
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final provisions and the timeline for its adoption are subject to changes and uncertainties.

We
currently operate three online platform, one is primarily engaged in provide advertisements service in our Xindian platform to our customers
in China, the other two are engaged in provide e-commerce service in our ZCZX and LSM WeChat application to sell health and beauty products
in China, where our customers can register as members first, and then purchase advertisements promotion plan, and health and beauty products.
Our online platform collects customer information and data. Since our online platform has only been in operation for about a year, we
are in the process of studying the newly issued rules and regulations governing cybersecurity and data protection and the industry best
practice, as well as assessing the extent to which our information and data system is not in full compliance with the various requirements
under the newly proposed regulations. Based on the preliminary assessment, our management has determined that we are not in full compliance
with those new proposed rules. For example, we have not consistently informed users of the purpose, method and scope of personal information
and data collections and uses. We also have not fully implemented the measures designed by us to provide additional security to personal
information obtained and stored by us through our online platform. As of the date of this report, the proposed rules have not been adopted
and thus we are not subject to those requirements in the proposed rules.

We
are committed to taking the necessary actions to satisfy the effective personal information protection and internet data security regulatory
requirements. We have designed a user information protection mechanism, which includes seven detailed personal information and data security
protection measures. We have implemented some of those measures while is in the process of completing the execution of others. We intend
to fully comply with the following requirements should the final rules are issued in the same form as proposed: (a) enter into user information
collection, storage and use rules and privacy agreements with all users, (b) fully inform users of the purpose, method and scope of personal
information and data collection, (c) provide channels for inquiring stored personal information and correcting inaccuracies in information
and data, and (d) remediate for violations of personal information and data security protection policies and guidelines, among other
things.

On
December 28, 2021, the CAC, NDRC, and several other agencies jointly issued the Cybersecurity Review Measures, or the Measures, which
took effect on February 15, 2022 and replaced Revised Measures for Cybersecurity Review