Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 75

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 75
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RC; (3) a negative list of types of issuers banned from listing or offering overseas, such as (a) issuers whose listing or
offering overseas has been recognized by the State Council of the PRC as a possible threat to national security, (b) issuers whose affiliates
have been recently convicted of bribery and corruption, (c) issuers under ongoing criminal investigations, and (d) issuers under major
disputes regarding equity ownership; (4) issuers’ compliance with web security, data security, and other national security laws
and regulations; (5) issuers’ filing and reporting obligations, such as the obligation to file with the CSRC after it submits an
application for initial public offering to overseas regulators, and the obligation after offering or listing overseas to report to the
CSRC material events including a change of control or voluntary or forced delisting of the issuer; and (6) the CSRC’s authority
to fine both issuers and their shareholders between RMB1 and 10 million for failure to comply with the Trial Measures, including failure
to comply with filing obligations or committing fraud and misrepresentation.

47

On
February 24, 2023, the CSRC and several other administrations jointly released the revised Provisions on Strengthening Confidentiality
and Archiving Administration of Overseas Securities Offering and Listing by Domestic Companies (the “Archives Rules”), which
came into effect on March 31, 2023. The Archives Rules apply to both overseas direct offerings and overseas indirect offerings. The Archives
Rules provides that, among other things, (1) in relation to the overseas listing activities of PRC domestic enterprises, the PRC domestic
enterprises are required to strictly comply with the relevant requirements on confidentiality and archives management, establish a sound
confidentiality and archives system, and take necessary measures to discharge their confidentiality and archives management responsibilities;
(2) if a PRC domestic enterprise is required to publicly disclose or provide to any securities companies or other securities service
providers or overseas regulators or individuals, any materials that contain state secrets or government work secrets (where there is
ambiguity or dispute on whether it is state secret or government work secret, a request shall be submitted to the competent government
authority for determination), during the course of its overseas offering or listing, the PRC domestic enterprise shall apply for approval
from competent authorities and file with the secrecy administrative department at the same level; and (3) working papers produced in
China