Company: YCY-WT
Filing Date: 2025-07-09
Form Type: DRS
Source: 0001213900-25-062426
Chunk: 63

Company: AA Mission Acquisition Corp. II
Filing Date: 2025-07-09
Form: DRS
Chunk 63
---
 the company’s auditor is based in the U.S. and is registered with the PCAOB and subject to PCAOB inspection, in the event it is later determined that the PCAOB is unable to inspect or investigate completely the company’s auditor because of a position taken by an authority in a foreign jurisdiction, then such lack of inspection could cause trading in the company’s securities to be prohibited under the HFCAA, and ultimately result in a determination by a securities exchange to delist the company’s securities. We expressly exclude any target company whose financial statements have been audited by an accounting firm that is not subject to PCAOB inspection. However, if we decide to consummate our initial business combination with a target business based in and primarily operating in China, auditors of the combined company and their workpapers may be located in China, a jurisdiction where the PCAOB has been unable to conduct inspections without the approval of the PRC authorities. Therefore, trading in our securities may be prohibited under the HFCAA if the PCAOB determines that it cannot inspect or fully investigate the auditor of a company with which we consummate our initial business combination and the combined company’s securities may be delisted from a national securities exchange in the U.S. A prohibition in the trading of our securities would be expected to have a negative impact on the company as well as on the value of our securities. See “ Risk Factors — Risks Relating to Acquiring and Operating a Business in Foreign Countries — The recent joint statement by the SEC and PCAOB, proposed rule changes submitted by Nasdaq, and the HFCAA all call for additional and more stringent criteria to be applied to emerging market companies upon assessing the qualification of their auditors, especially the non -U .S. auditors who are not inspected by the PCAOB. These developments could add uncertainties to our offering.” Enforcement of Civil Liabilities Our Chairperson of the Board and Chief Executive Officer, Qing Sun, is a resident of mainland China. Our Chief Financial Officer and executive director, Shibin Fang, is a resident of mainland China. Directors Daoyong Xing, Zhenxing Wang and Wenzhong Zhao are residents of mainland China. As a result, legal claims against us or our 23 executive officers and directors may be difficult or impossible for investors to pursue in U.S. courts. Moreover, even if an investor obtains a judgment in a U.S. court against one of our directors or officers, the investor may be unable to enforce such judgment on these directors and officers. It will equally be difficult to