Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 109

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 8
Chunk 109
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ITEM 8. FINANCIAL INFORMATION.

A. Consolidated Statements and Other Financial Information.

See “ Item 18. Financial Statements.”

Legal Proceedings

See “ Item 4. B. Business Overview-Legal
Proceedings.”

Dividends

We have never declared or paid any cash dividends
to our shareholders and we do not anticipate or intend to pay cash dividends in the foreseeable future. We currently intend to retain
future earnings, if any, to finance operations and expand our business.

Under the Companies Law, dividend distributions
are determined by the board of directors of a company and do not require the approval of the shareholders of a company unless the company’s
articles of association provide otherwise. The Amended Articles do not require shareholder approval of a dividend distribution and
provide that dividend distributions may be determined by the Board. Any future determination as to the payment of dividends will be at
the discretion of the Board and will depend on a number of factors, among other things, our financial condition, results of operations,
current and anticipated cash needs and availability and other factors that the Board may consider to be relevant.

Pursuant to the Companies Law, the
distribution amount is limited to the greater of retained earnings or earnings generated over the previous two years, according
to our then last reviewed or audited financial statements (less the amount of previously distributed dividends, if not already
reduced from the earnings), provided that the end of the period to which the financial statements relate is not more than
six months prior to the date of the distribution. If we do not meet such criteria, then we may distribute dividends only with
court approval. In each case, we are only permitted to distribute a dividend if the Board and, if applicable, the court, determines
that there is no reasonable concern that payment of the dividend will prevent us from satisfying our existing and foreseeable
obligations as they become due.

Payment of dividends may be subject to Israeli
withholding taxes. See “Item 10. E - Additional Information - Taxation - Material Israeli Tax Considerations”
for additional information.