Company: ABTS
Filing Date: 2025-12-02
Form Type: F-3/A
Source: 0001493152-25-025631
Chunk: 51

Company: Abits Group Inc
Filing Date: 2025-12-02
Form: F-3/A
Chunk 51
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 Security Regulations,
which took effect on January 1, 2025. The Network Data Security Regulation requires that a network data processor who carries out network
data processing activities that affect or may affect national security shall undergo a national security review in accordance with relevant
regulations. Based on the assessment of the management, none of our Company, Hong Kong subsidiary and U.S. Subsidiaries conducts any
data processing activities within the PRC, or those outside the PRC that may damage the national security, public interests, or legitimate
interests of PRC persons. As advised by our PRC counsel, our Company, Hong Kong subsidiary and U.S. Subsidiaries are not subject to the
Network Data Security Regulations. Bitmatrix conducts network data processing activities, including the processing of personal information,
for its operation in the PRC, which do not affect national security, but it does not process large amount of personal data or any important
data. It is not a network platform service provider. None of the Company and our subsidiaries (including Bitmatrix) have been informed
by any PRC governmental authority of any requirement for a national review or any reporting and/or security assessment under the Network
Data Security Regulations. Based on the opinion of our PRC counsel, our PRC subsidiary, Bitmatrix, is subject to the Network Data Security
Regulation for its collection and storage of data through network, but our PRC subsidiary is not required to undergo the national security
review under the Network Data Security Regulation, because none of the network data processing activities carried out by Bitmatrix affect
or may affect national security of the PRC.

As advised by our PRC counsel, Jincheng Tongda & Neal, as of the date of this prospectus, neither we nor any of our subsidiaries have been found to have violated any personal information or data security laws and regulations, have received any notice of violations from any competent PRC authorities, including the CAC, or have been investigated or sanctioned by any competent PRC authorities in relation to data security or personal information protection. However, the PRC regulatory authorities have broad discretion in interpreting and implementing the Data Security Law, the PIPL, and other relevant personal information and data security laws and there are uncertainties with respect to the enforcement of these laws and regulations. Our management has determined that our PRC subsidiary, Bitmatrix, is in compliant with the Data Security Law, the PIPL, and other relevant personal information and data security laws. However, we cannot rule out the possibility