Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 291

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 291
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 above with respect to Pre-Funded Warrants under “Certain Adjustments to
the Pre-Funded Warrants” is generally intended also to pertain to Series A Warrants if the Series A Warrants are treated as options.

Dividends on Common Shares

The gross amount of any distribution,
including a constructive distribution, with respect to Company common shares will be included in a U.S. holder’s gross income as
a dividend to the extent of the Company’s current and accumulated earnings and profits as determined under U.S. federal income tax
laws. To the extent that a distribution exceeds the Company’s current and accumulated “earnings and profits”, such distribution
will be treated first as a tax-free return of capital to the extent of a U.S. holder’s tax basis in the common shares and thereafter
as gain from the sale or exchange of such common shares. However, the Company does not expect to maintain calculations of earnings and
profits for U.S. federal income tax purposes. Therefore, a U.S. holder should expect that any such distribution will generally be treated
as a dividend from foreign sources when actually or constructively received. Dividends will not be eligible for the dividends-received
deduction generally available to U.S. corporations. Dividends received from a “qualified foreign corporation” by eligible
non-corporate U.S. holders that satisfy a minimum holding period and certain other requirements generally will be taxed at the preferential
rate applicable to qualified dividend income. The Company will be treated as a qualified foreign corporation if its shares are readily
tradable on an established securities market in the United States or the Company qualifies for comprehensive benefits under the U.S.-Canada
income tax treaty and the Company is not a PFIC for either the taxable year of distribution or prior taxable year. U.S. Treasury guidance
indicates that shares listed on the NASDAQ will be considered readily tradable on an established securities market in the United States.
There can be no assurance, however, that the Company common shares will be considered readily tradable on an established securities market
in future years or that the Company will qualify for comprehensive benefits under the U.S.-Canada income tax treaty. The dividend rules
are complex, and each U.S. holder should consult its own tax advisor regarding the application of such rules in light of its own circumstances.

Dividends paid in a currency
other than U.S. dollars will be included in income in a U.S. dollar amount based on the exchange rate in effect on the date