Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 106

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 106
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 and cause the value of our securities to significantly decline or be worthless.

Our initial business combination may be subject to PRC laws relating
to the collection, use, sharing, retention, security, and transfer of confidential and private information, such as personal information
and other data. These laws continue to develop, and the PRC government may exert more oversight and control over offerings that are conducted
overseas and foreign investment in PRC-based issuers in the future by adopting other rules and restrictions. Non-compliance could result
in penalties or other significant legal liabilities.

Pursuant to the PRC Cybersecurity Law, which was promulgated by the
Standing Committee of the National People’s Congress on November 7, 2016 and took effect on June 1, 2017, personal information and
important data collected and generated by a critical information infrastructure operator in the course of its operations in the PRC must
be stored in the PRC, and if a critical information infrastructure operator purchases internet products and services that affects or may
affect national security, it should be subject to cybersecurity review by the CAC.

In April 2020, the CAC and certain other PRC regulatory authorities
promulgated the Measures for Cybersecurity Review, which requires that operators of critical information infrastructure must pass a cybersecurity
review when purchasing network products and services which do or may affect national security. On December 28, 2021, the CAC, in conjunction
with 12 other government departments issued the New Measures. The New Measures amends the Draft Measures released on July 10, 2021 and
came into effect on February 15, 2022. The New Measures include data processing activities of network platform operators that affect or
may affect national security into cybersecurity review, and make it clear that network platform operators with personal information of
more than one million users must apply for cybersecurity review to the Cybersecurity Review Office when they go public abroad. The PRC
Data Security Law, which took effect on September 1, 2021, imposes data security and privacy obligations on entities and individuals that
carry out data activities, provides for a national security review procedure for data activities that may affect national security and
imposes export restrictions on certain data and information. On August 20, 2021, the Standing Committee of the People’s Congress
promulgated the PIPL, which is to take effect on November 1, 2021. The PIPL sets out the regulatory framework