Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 129

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1A
Chunk 129
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our officers and directors are located in China. The central or local governments of these jurisdictions may impose new, stricter regulations
or interpretations of existing regulations that would require additional expenditures and efforts on our part to ensure our compliance
with such regulations or interpretations. Accordingly, government actions in the future, including any decision not to continue to support
recent economic reforms and to return to a more centrally planned economy or regional or local variations in the implementation of economic
policies, could have a significant effect on economic conditions in China or particular regions thereof.

12

It
is possible that in the future, we could be subject to regulation by various political and regulatory entities, including various local
and municipal agencies and government sub-divisions. In that case, we may incur increased costs necessary to comply with existing and
newly adopted laws and regulations or penalties for any failure to comply, and such compliance or any associated inquiries or investigations
or any other government actions may require significant management time and attention; and subject us to remedies, administrative penalties
and even criminal liabilities that may harm the post-combination entity’s business, including fines assessed for its current or
historical operations that it modifies or even cease its business practices.

As
we are neither a China-based company under the Trial Measures nor a PRC operating entity, given that (a) the CSRC currently has not issued
any definitive rule or interpretation concerning whether companies like ours are subject to the M&A Rules; and (b) our company is
a blank check company incorporated in the U.S. rather than in China and currently our company does not own or control any equity interest
in any PRC company or operate any business in China, we believe that we are not required to obtain any licenses or approvals, under applicable
PRC laws and regulations, for our operation or listing on Nasdaq and while seeking a target for the initial business combination. Further,
according to the Measures for Cybersecurity Review, which was promulgated on December 28, 2021 and became effective on February 15, 2022,
online platform operators holding more than one million users/users’ individual information shall be subject to cybersecurity review
before listing abroad. As we are a blank check company and are not involved in the collection of personal data of at least 1 million
users or implicate cybersecurity, we do not believe that we are, or the post-combination entity will be, a “network platform operator(s)”,
or subject to the cybersecurity review of the CAC