Company: YCY-WT
Filing Date: 2025-07-09
Form Type: DRS
Source: 0001213900-25-062426
Chunk: 54

Company: AA Mission Acquisition Corp. II
Filing Date: 2025-07-09
Form: DRS
Chunk 54
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 or approvals will be required from the PRC authorities if the relevant PRC government agencies reach a different conclusion or in the course of our business combination if we acquire or merge with a company with major operations in China. We could be required to obtain such approvals in connection with a potential business combination. If it is determined in the future that such permission, licenses or approvals or other procedural requirements are required to be met for and prior to this offering, it is uncertain whether we can or how long it will take us to obtain such permission, licenses or approvals or complete such procedures and any such permission, licenses or approvals could be rescinded. Any failure to obtain or delay in obtaining such permission, licenses or approvals or completing such procedures for our initial business combination with companies in China, or a rescission of any such permission, licenses or approvals, could significantly limit or completely hinder our ability to search for or complete an initial business combination, and subject us to sanctions by the relevant PRC governmental authorities. Our ability to use the proceeds from this offering and to capitalize or otherwise fund our PRC operations may also be negatively affected, which could materially and adversely affect our liquidity and our ability to fund and expand our business. The Regulations on Mergers and Acquisitions of Domestic Companies by Foreign Investors (the “M&A Rules”), adopted by six PRC regulatory agencies in 2006 and amended in 2009, require an offshore special purpose vehicle formed for the purpose of an overseas listing of securities in a PRC company to obtain the approval of the China Securities Regulatory Commission (the “CSRC”) prior to the listing and trading of such special purpose vehicle’s securities on an overseas stock exchange. We believe that we are not required to obtain any licenses or approvals, under applicable PRC laws and regulations, for our listing on the NYSE and seeking a target for the initial business combination. However, substantial uncertainty remains regarding the scope and applicability of the M&A Rules to offshore special purpose vehicles. Recently, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council (“General Offices”) jointly issued the “Opinions on Severely Cracking Down on Illegal Securities Activities According to Law,” or the “Opinions,” which were made available to the public on July 6, 2021. The Opinions emphasized the need to strengthen the administration over illegal securities activities, and the need to strengthen the supervision over overseas listings by Chinese companies. Effective measures, such as promoting the construction of relevant regulatory systems will be taken