Company: OCG
Filing Date: 2025-12-11
Form Type: 424B5
Source: 0001213900-25-120719
Chunk: 3

Company: Oriental Culture Holding LTD
Filing Date: 2025-12-11
Form: 424B5
Chunk 3
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 Review Office. On July 7, 2022, CAC promulgated the Measures for the Security Assessment of Data Cross-border Transfer, effective on September 1, 2022, which requires the data processors to apply for data cross-border security assessment coordinated by the CAC under the following circumstances: (i) any data processor transfers important data to overseas; (ii) any critical information infrastructure operator or data processor who processes personal information of over 1 million people provides personal information to overseas; (iii) any data processor who provides personal information to overseas and has already provided personal information of more than 100,000 people or sensitive personal information of more than 10,000 people to overseas since January 1 stof the previous year and; and (iv) other circumstances under which the data cross-border transfer security assessment is required as prescribed by the CAC. On September 24, 2024, CAC published the Administration Measures for Cyber Data Security, or the “Cyber Data Security Measure”, which requires a network data handler may transmit personal information abroad if it meets certain conditions including without limitation that pass the security assessment for data cross-border transmission organized by the state cyberspace administration, certified by a specialized agency in respect of the protection of personal information, enter into standard contract for cross-border transmission of personal information as developed by the state cyberspace administration and etc.On February 17, 2023, China
Securities Regulatory Commission (“CSRC”) released Trial Administrative Measures of Overseas Securities Offering and Listing
by Domestic Companies (the “New Overseas Listing Rules”) with five interpretive guidelines, which took effect on March 31,
2023. The New Overseas Listing Rules require Chinese domestic enterprises to complete filings with CSRC and report related information
under certain circumstances, such as: a) an issuer making an application for initial public offering and listing in an overseas market;
b) an issuer making an overseas securities offering after having been listed on an overseas market; c) a domestic company seeking an
overseas direct or indirect listing of its assets through single or multiple acquisition(s), share swap, transfer of shares or other
means. According to the Notice on Arrangements for Overseas Securities Offering and Listing by Domestic Enterprises, published by the
CSRC on February 17, 2023, a company that (i) has already completed overseas listing or (ii) has already obtained the approval for the
offering or listing from overseas securities regulators or exchanges but has not completed such offering