Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 478

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1
Chunk 478
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 development in the regulatory landscape in China, particularly regarding the requirement of approvals,
including on a retrospective basis, from the CSRC, the CAC or other PRC authorities with respect to this offering, as well as regarding
any annual data security review or other procedures that may be imposed on us. If any approval, review or other procedure is in fact
required, we cannot assure you that we will be able to obtain such approval or complete such review or other procedure timely or at all.
For any approval that we may be able to obtain, it could nevertheless be revoked and the terms of its issuance may impose restrictions
on our operations and offerings relating to our securities. The regulatory requirements with respect to cybersecurity and data privacy
are constantly evolving and can be subject to varying interpretations, and significant changes, resulting in uncertainties about the
scope of our responsibilities in that regard. Failure to comply with the cybersecurity and data privacy requirements in a timely manner,
or at all, may subject us to government enforcement actions and investigations, fines, penalties, suspension or disruption of our operations,
among other things.

Given
that the above referenced laws, regulations and policies were recently promulgated or publicly released, their interpretation, application
and enforcement are subject to substantial uncertainties.

Recent
regulatory developments in China, including greater oversight and control by the CAC over data security, may subject us to additional
regulatory review and any actions by the Chinese government to exert more oversight and control over foreign investment in China-based
issuers could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the
value of such securities to significantly decline or be worthless.

Recent
statements by the Chinese government have indicated an intent to exert more oversight and control over offerings that are conducted overseas
and/or foreign investments in China based issuers. The PRC government recently initiated a series of regulatory actions and statements
to regulate business operations in China with little advance notice, among other things, including adopting new measures to extend the
scope of cybersecurity reviews, cracking down on illegal activities in the securities market, and expanding the efforts in anti-monopoly
enforcement. The PRC government is increasingly focused on data security, recently launching cybersecurity review against a number of
mobile apps operated by several U.S.-listed Chinese companies and prohibiting these apps from registering new users during the review
period. We are subject to various risks and costs related to the collection, use, sharing, retention, security, and transfer of confidential
and private information, such as personal