Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 200

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 200
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 under the Companies Act (As Revised)
of the Cayman Islands. Accordingly, no vote would be required from our shareholders to commence such a voluntary winding up, dissolution
and liquidation. However, we may extend the period of time to consummate a business. If we are unable to consummate our initial business
combination within the 15-month period (unless further extended), we will, as promptly as possible but not more than ten business days
thereafter, redeem 100% of our outstanding public shares for a pro rata portion of the funds held in the trust account, including a pro
rata portion of any interest earned on the funds held in the trust account and not necessary to pay taxes, and then seek to liquidate
and dissolve. However, we may not be able to distribute such amounts as a result of claims of creditors which may take priority over
the claims of our public shareholders. In the event of dissolution and liquidation, our warrants and rights will expire and will be worthless.

39

Because
we are incorporated under the laws of the Cayman Islands, and most of our executive officers and directors are located outside the United
States, you may face difficulties in protecting your interests, and your ability to protect your rights through the U.S. Federal or state
courts may be limited. 

We
are an exempted company incorporated under the laws of the Cayman Islands. In addition, most of our executive officers and directors
are located outside of the United States and are nationals or residents of jurisdictions other than the United States, and most or a
substantial portion of their assets are located outside of the United States. Mr. Bian Fan, our chairman and chief executive officer,
is a PRC passport holder; Mr. Kenneth Lam, our chief financial officer and director, is a United Kingdom passport holder; Ms. Jiayi Liang,
our chief operating officer, is a PRC passport holder; Mr. Shaoke Li, our independent director, is a PRC passport holder; Ms. Longjiao
Li, our independent director, is a PRC passport holder; and Mr. Chi Zhang, our independent director, is a PRC passport holder.

As
a result, it may be difficult for investors to effect service of process within the United States upon us or these persons, or to enforce
judgments obtained in U.S. courts against us or them, including judgments predicated upon the civil liability provisions of the securities
laws of the United States or any state in