Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 486

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1
Chunk 486
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 Draft Overseas Listing Rules and will be required to complete the filing procedures and submit the relevant
information to CSRC after the Draft Overseas Listing Rules become effective. As of the date of this report, such rules have not become
effective and we are not required to complete the filing procedures if we complete this offering and begin the trading of our common
stock on the Nasdaq before the rules take effect. In addition, after the rules take effect, we would only need to submit the filing materials
and no CSRC approval would be required under the rules. Because we are relying on an opinion of counsel, there is uncertainty inherent
in relying on an opinion of counsel in connection with whether we are required to obtain permissions from a governmental agency that
is required to approve of our operations and/or listings. In the event that an government approval is required, we cannot assure you
that we will be able to receive clearance in a timely manner, or at all. Any failure of us to fully comply with new regulatory requirements
may significantly limit or completely hinder our ability to offer or continue to offer our common stock, cause significant disruption
to our business operations, severely damage our reputation, materially and adversely affect our financial condition and results of operations
and cause our shares to significantly decline in value or become worthless.

China
Securities Regulatory Commission and other Chinese government agencies may exert more oversight and control over offerings that are conducted
overseas and/or foreign investment in China-based issuers. Additional compliance procedures may be required in connection with the offering
of our securities and our business operations, and, if required, we cannot predict whether we will be able to obtain such approval. As
a result, we face uncertainty about future actions by the PRC government that could significantly affect our ability to offer or continue
to offer securities to investors and/or conduct our operations and cause the value of our shares to significantly decline or be worthless.

Trading
in our securities may be prohibited under the Holding Foreign Companies Accountable Act if the PCAOB determines that it cannot inspect
or investigate completed our auditors for three consecutive years beginning in 2021, or for two consecutive years if the Accelerating
Holding Foreign Companies Accountable Act or the America COMPETES Act becomes law.

In
recent years, U.S. regulatory authorities have continued to express their concerns about challenges in their oversight of financial statement
audits of U.S.-listed companies with significant operations in China. As part of a continued regulatory focus in the United States on
access to audit