Company: JSKJ
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001477932-25-008401
Chunk: 104

Company: Jiansu (Shanghai) Information Technology Co., Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 104
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 underlying dispute, by an action commenced on the foreign judgment debt in the Grand Court of the Cayman Islands, provided such judgment (i) is given by a foreign court of competent jurisdiction, (ii) imposes on the judgment debtor a liability to pay a liquidated sum for which the judgment has been given, (iii) is final and conclusive, (iv) is not in respect of taxes, a fine or a penalty, (v) is not impeachable on the grounds of fraud and was not obtained in a manner and is not of a kind the enforcement of which is contrary to natural justice or the public policy of the Cayman Islands. A Cayman Islands Court may stay enforcement proceedings if concurrent proceedings are being brought elsewhere.

We have been advised by our PRC counsel, [ ], that the recognition and enforcement of foreign judgments are provided for under the PRC Civil Procedure Law. PRC courts may recognize and enforce foreign judgments in accordance with the requirements of the PRC Civil Procedure Law based either on treaties between China and the country where the judgment is made or on reciprocity between different jurisdictions, and PRC courts will not recognize or enforce these foreign judgments if PRC courts believe the foreign judgments violate the basic principles of PRC laws or national sovereignty, security or public interest after review. However, currently, China does not have treaties or reciprocity arrangement providing for recognition and enforcement of foreign judgments ruled by courts in the United States or the Cayman Islands. Thus, whether a PRC court would enforce a judgment ruled by a court in the United States or the Cayman Islands depends on the regulations in effect at that time.

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<div align='center'>CORPORATE HISTORY AND STRUCTURE</div>

Corporate History

Jiansu is an exempted company with limited liability incorporated in the Cayman Islands in January 2023. Jiansu is a holding company of our group with no substantive operation. We carry out our business in China through our PRC subsidiaries, primarily Shanghai Jiansu, which started its business in 2011.

We have undergone a series of corporate restructuring in contemplation of this offering, in particular the following.

| · | Incorporation of the listing entity. In January 2023, we established Jiansu (Shanghai) Information Technology Co., Ltd, as a holding company and the proposed listing entity in the Cayman Islands.                                |
| · | Incorporation of the Hong Kong subsidiary. In January 2023, Jiansu (Shanghai) Information Technology Co.,