Company: ABTS
Filing Date: 2025-12-02
Form Type: F-3/A
Source: 0001493152-25-025631
Chunk: 26

Company: Abits Group Inc
Filing Date: 2025-12-02
Form: F-3/A
Chunk 26
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 “Confidentiality Provisions”). Under the Confidentiality Provisions, domestic companies established
in mainland China seeking overseas offering and listing, by both direct and indirect means, are required to institute a sound confidentiality
and archives system. If such domestic companies established in mainland China intend to, either directly or through its overseas listed
entity, publicly disclose or provide to relevant individuals or entities including securities companies, securities service providers
and overseas regulators, any documents and materials that contain state secrets or secrets of government agencies, they shall obtain
approval from competent authorities and complete the relevant filing procedure with the competent secrecy administrative department prior
to their disclosure or provision of such documents and materials. Based on the opinion of our counsel as to PRC law, (i) we and our PRC
subsidiary are not subject to the Confidentiality Provisions, because our offering of securities will not be deemed as a direct or indirect
offering of securities by PRC domestic companies under the relevant PRC laws, and (ii) we and our PRC subsidiary are not required to
obtain any permissions or approvals under the Confidentiality Provisions or other relevant PRC laws and regulations, because none of
the documents and materials possessed, provided or disclosed by the Company or Bitmatrix contains any PRC state secrets or secrets of
PRC government agencies.

No CAC or Other Regulatory Approvals Required

On December 28, 2021, the Cyberspace Administration of China (“CAC”), jointly with other government authorities, formally published Measures for Cybersecurity Review (2021) which took effect on February 15, 2022. Measures for Cybersecurity Review (2021) stipulates that operators of critical information infrastructure purchasing network products and services and online platform operator carrying out data processing activities that affect or may affect national security, shall conduct a cybersecurity review. Any online platform operator who controls more than one million users’ personal information must go through a cybersecurity review by the cybersecurity review office if it seeks to be listed in a foreign country. As advised by Jincheng Tongda & Neal, our counsel as to PRC law, under current PRC laws, regulations and rules, the Company is not required to apply for cybersecurity review with the CAC, if the Company (i) have not received any notification from relevant government departments identifying you as critical information infrastructure operators; (ii) have not carried out data processing activities that affect or may affect national security; (iii) have not received any notification from relevant government departments such as national or local