Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 565

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1A
Chunk 565
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 plan to do business.
In addition, as we continue to grow rapidly, a large percentage of our sales team will be new to the Company and our solution. If we
are unable to hire and train sufficient numbers of effective sales personnel, or the sales personnel are not successful in obtaining
new customers or increasing sales to our existing customer base, our business would be adversely affected.

7

Risks
Related to Doing Business in China

Certain
judgments obtained against us by our officers and directors may not be enforceable

We
are a Nevada corporation but most of our assets are and will be located outside of the United States. Almost all our operations are conducted
in the PRC. In addition, all our officers and directors are the nationals and residents of a country other than the United States. Almost
all of their assets are located outside the United States. As a result, it may be difficult for you to effect service of process within
the United States upon them. It may also be difficult for you to enforce in U.S. courts judgments on the civil liability provisions of
the U.S. federal securities laws against us and our officers and directors, since he or she is not a resident in the United States. In
addition, there is uncertainty as to whether the courts of the PRC or other jurisdictions would recognize or enforce judgments of U.S.
courts.

Regulations
Relating to M&A Rules and certain other PRC regulations establish complex procedures for some acquisitions of Chinese companies by
foreign investors, which could make it more difficult for us to pursue growth through acquisitions in China.

On
August 8, 2006, six PRC regulatory agencies, including the China Securities Regulatory Commission, or the CSRC, adopted the Regulations
on Mergers of Domestic Enterprises by Foreign Investors, or the M&A Rules, which became effective on September 8, 2006 and was amended
on June 22, 2009. Foreign investors shall comply with the M&A Rules when they purchase equity interests of a domestic company or
subscribe the increased capital of a domestic company, thus changing the nature of the domestic company into a foreign-invested enterprise;
or when the foreign investors establish a foreign-invested enterprise in the PRC, purchase the assets of a domestic company and operate
the assets; or when the foreign investors purchase the asset of a domestic company, establish a foreign-invested enterprise by injecting
such assets and operate the assets. The M&A Rules purport, among other