Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 598

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1A
Chunk 598
---
 our CETL, to our Hong Kong subsidiary, ELHK. CETL currently does not have any plan to declare and pay dividends, and we
have not applied for the tax resident certificate from the relevant Hong Kong tax authority. ELHK will apply for the tax resident certificate
when CETL plans to declare and pay dividends.

19

As
of the date of this report, we have not paid, and do not anticipate paying in the foreseeable future, dividends or other distributions
to our shareholders. There have not been any dividends or other distributions from CETL to ELHK. None of our PRC subsidiaries have ever
paid any dividends or distributions outside of China. We presently intend to retain all earnings to fund our operations and business
expansions.

We
can give no assurance that we will declare dividends of any amounts, at any rate or at all in the future. The declaration of future dividends,
if any, will be at the discretion of our board of directors and will depend upon our future operations and earnings, capital requirements,
general financial conditions, legal and contractual restrictions and other factors that our board of directors may deem relevant.

Our
common stock may not develop an active trading market and the price and trading volume of our shares may fluctuate significantly.

Shares
of common stock are currently quoted on the OTC marketplace. We cannot predict whether investor interest in us will lead to the development
of an active and liquid trading market. If an active trading market does not develop, holders of our shares of common stock may have
difficulty selling our shares that may now be owned or may be purchased later. In addition, until we are able to be listed on a national
exchange, the number of investors willing to hold or acquire our shares may be reduced, we may receive decreased news and analyst coverage,
and we may be limited in our ability to issue additional securities or obtain additional financing in the future on terms acceptable
to us, or at all. Even if an active trading market develops for our shares, the market price of our shares may be highly volatile and
could be subject to wide fluctuations. In addition, the trading volume of our shares may fluctuate and cause significant price variations
to occur.

In
case that our shares trade under $5.00 per share they will be considered penny stock. Trading in penny stocks has many restrictions and
these restrictions could severely affect the price and liquidity of our common stock.

If
our stock trades below $5.00 per share, our stock would be known as a “p