Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 28

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1
Chunk 28
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 regulations, or interpretations may severely
affect our operations. Further, if we are required by the Trial Measures to file with the CSRC, we cannot assure you that we will be
able to complete such filings in a timely manner, or even at all. The CSRC or other Chinese regulatory agencies may also take actions
requiring us, or making it advisable for us, be subject to other severe consequences, which would materially affect the interest of the
investors. To that extent, we may not be able to conduct the process of searching for a potential target company. Any failure of us to
fully comply with new regulatory requirements may significantly limit or completely hinder our ability to continue to offer the securities,
causing significant disruption to our business operations, severely damage our reputation, materially and adversely affect our financial
condition and results of operations and cause the securities to significantly decline in value or become worthless.

13

China
Securities Regulatory Commission and other Chinese government agencies may exert more oversight and control over offerings that
are conducted overseas and foreign investment in China-based issuers. Even though we are not a China based issuer, if the CSRC or another
PRC regulatory body subsequently determines that its approval is needed for our listing on Nasdaq or seeking a target for the initial
business combination, we cannot predict whether we will be able to obtain such approval. As a result, both you and us face uncertainty
about future actions by the PRC government that could significantly affect our ability to continue our listing on Nasdaq and cause the
value of our securities to significantly decline or be worthless.

On
July 6, 2021, the General Office of the Communist Party of China Central Committee and the General Office of the State Council jointly
issued a document to crack down on illegal activities in the securities market and promote the high-quality development of the capital
market, which, among other things, requires the relevant governmental authorities to strengthen cross-border oversight of law-enforcement
and judicial cooperation, to enhance supervision over China-based companies listed overseas, and to establish and improve the system
of extraterritorial application of the PRC securities laws. Even though we are a blank check company incorporated in the U.S. and a non-China
based issuer, our sponsor and a majority of our officers and directors have significant ties to China. Since this document is relatively
new, uncertainties still exist in relation to how soon legislative or administrative regulation making bodies will respond and what existing
or new laws, regulations or detailed implementations and