Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 5

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 5
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 from Chinese authorities to operate our business while the Company is subject to New Overseas Listing Rules for offering
the securities to investors. We, our subsidiaries, or VIE and its subsidiaries are not covered by permissions requirements from the China
Securities Regulatory Commission (CSRC), Cyberspace Administration of China (CAC) or any other governmental agency to conduct the VIE’s
business and operations. As the VIE and its subsidiaries provide marketing, warehouse storage and technical maintenance services in China,
based on the advice of our PRC counsel Tahota (Nanjing) Law Firm (“ Tahota Law Firm”), we do not believe that we are a Critical
Information Infrastructure Operator (“ CIIO”) or an Online Platform Operator as defined in Cybersecurity Review Measures
published by Cyberspace Administration of China, National Development and Reform Commission, Ministry of Industry and Information Technology,
Ministry of Public Security, Ministry of State Security, Ministry of Finance, Ministry of Commerce, People’s Bank of China, State
Administration for Market Regulation, State Administration of Radio and Television, China Securities Regulatory Commission, State Secrecy
Administration and State Cryptography Administration on December 28, 2021 and became effective on February 15, 2022. As of the date of
this report, we, our subsidiaries, the VIE and its subsidiaries (1) are not required to obtain permissions from any PRC authorities to
issue our securities to foreign investors except for the filing requirement under New Overseas Listing Rules, (2) are not subject to permission
requirements from China Securities Regulatory Commission (the “ CSRC”), Cyberspace Administration of China (“ CAC”)
or any other authority that is required to approve of the VIE’s operations, and (3) have not received or were denied such permissions
by any PRC authorities. Nevertheless, the General Office of the Central Committee of the Communist Party of China and the General Office
of the State Council jointly issued the “ Opinions on Severely Cracking Down on Illegal Securities Activities According to Law,”
or the Opinions, which were made available to the public on July 6, 2021. The Opinions emphasized the need to strengthen the administration
over illegal securities activities, and the need to strengthen the supervision over overseas listings by Chinese companies. Given the
current PRC regulatory environment, it is uncertain when and whether we, our PRC subsidiary or VIE and its subsidiaries, will be required
to obtain permission from the PRC government to be listed on a