Company: YCY-WT
Filing Date: 2025-08-22
Form Type: S-1
Source: 0001213900-25-079440
Chunk: 9

Company: AA Mission Acquisition Corp. II
Filing Date: 2025-08-22
Form: S-1
Chunk 9
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 be able to satisfy their respective payment obligations that are denominated in foreign currencies, including the remittance of dividends outside of the PRC. For a detailed description of risks associated with the cash transfer through the post -combinationorganization if we acquire a PRC target company, see “ Risk Factors — Transfer of Cash to and from Our Post -Combination Organization If We Acquire a Company Based in China,” “ Risk Factors — Risks Relating to Acquiring and Operating a Business in Foreign Countries — PRC regulations relating to the establishment of offshore special purpose companies by PRC residents may subject our PRC Beneficial Owners or any future PRC subsidiaries to liability or penalties, limit our ability to inject capital into any PRC subsidiaries, limit any PRC subsidiary’s ability to increase its registered capital or distribute profits to us, or may otherwise adversely affect us,” “ Risk Factors — Risks Relating to Acquiring and Operating a Business in Foreign Countries — Exchange controls that exist in the PRC may restrict or prevent us from using the proceeds of this offering to acquire a target company in PRC and limit our ability to utilize our cash flow effectively following our initial business combination” and “ Risk Factors — Risks Relating to Acquiring and Operating a Business in Foreign Countries — The cash -flow structure of a post -acquisition company based in China or Hong Kong poses additional risks including, but not limited to, restrictions on foreign exchange and restrictions on our ability to transfer cash between entities, across borders, and to U.S. investors.” The Holding Foreign Companies Accounting Act (the “HFCAA”), was enacted on December 18, 2020. The HFCAA states that if the SEC determines that an issuer’s audit reports issued by a registered public accounting firm have not been subject to inspection by the PCAOB for three consecutive years beginning in 2021, the SEC shall prohibit such issuer’s securities from being traded on a national securities exchange or in the over -the-countertrading market in the United States. The HFCAA requires that, every year, the SEC identify any public companies (“Commission -IdentifiedIssuers” or “CIIs”) that file annual reports with financial statements audited by an auditor located in a foreign jurisdiction where the PCAOB has determined it is unable to inspect or investigate completely because of a position taken by a foreign authority. Under the amended HFCAA, once a company is identified as a CII for two consecutive years, the SEC must apply certain trading prohibitions to that CII’s securities. In June 202