Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 232

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 232
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 to a U.S. Holder such information as the IRS may require, including
a PFIC annual information statement, in order to enable the U.S. Holder to make and maintain a QEF election, but there is no assurance
that we will timely provide such required information. There is also no assurance that we will have timely knowledge of our status as
a PFIC in the future or of the required information to be provided.

If a U.S. Holder has made
a QEF election with respect to our Class A ordinary shares, and the excess distribution rules discussed above do not apply to such
shares (because of a timely QEF election for our first taxable year as a PFIC in which the U.S. Holder holds (or is deemed to hold)
such shares or a purge of the PFIC taint pursuant to a purging election, as described above), any gain recognized on the sale of our Class A
ordinary shares generally will be taxable as capital gain and no additional interest charge will be imposed under the PFIC rules. As discussed
above, if we are a PFIC for any taxable year, a U.S. Holder of our Class A ordinary shares that has made a QEF election will
be currently taxed on its pro rata share of our earnings and profits, whether or not distributed for such year. A subsequent
distribution of such earnings and profits that were previously included in income generally should not be taxable when distributed to
such U.S. Holder. The tax basis of a U.S. Holder’s shares in a QEF will be increased by amounts that are included in income,
and decreased by amounts distributed but not taxed as dividends, under the above rules. In addition, if we are not a PFIC for any taxable
year, such U.S. Holder will not be subject to the QEF inclusion regime with respect to our Class A ordinary shares for such
a taxable year.

Alternatively, if a U.S. Holder,
at the close of its taxable year, owns shares in a PFIC that are treated as marketable stock, the U.S. Holder may make a mark-to-market
election with respect to such shares for such taxable year. If the U.S. Holder makes a valid mark-to-market election for the first
taxable year of the U.S. Holder in which the U.S. Holder holds (or is deemed to hold) Class A ordinary shares in us and
for which we are determined to be a PFIC, such U.S. Holder generally will not be subject