Company: NCL
Filing Date: 2025-01-14
Form Type: S-1/A
Source: 0001575872-25-000059
Chunk: 63

Company: Northann Corp.
Filing Date: 2025-01-14
Form: S-1/A
Chunk 63
---
 in the U.S. may not be efficient in the absence of a practical cooperation
mechanism. Furthermore, according to Article 177 of the PRC Securities Law, or “Article 177,” which became effective in March
2020, no overseas securities regulator is allowed to directly conduct investigations or evidence collection activities within the territory
of the PRC. Article 177 further provides that Chinese entities and individuals are not allowed to provide documents or materials related
to securities business activities to foreign agencies without prior consent from the securities regulatory authority of the PRC State
Council and the competent departments of the PRC State Council. While detailed interpretation of or implementing rules under Article 177
have yet to be promulgated, the inability for an overseas securities regulator to directly conduct investigation or evidence collection
activities within China may further increase difficulties faced by you in protecting your interests.

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<div align='center'>ACQUISITIONS AND PRIVATE PLACEMENTS</div>

Acquisition of Cedar Modern Limited

On October 11, 2024, the Company entered into
a share purchase agreement (the “Cedar SPA”) with Chuntao Li, pursuant to which Chuntao Li has agreed to transfer to the Company
all of the outstanding shares of Cedar Modern Limited, a company incorporated under the laws of Hong Kong, in exchange for the issuance
of 4,484,400 shares of the Company’s common stock to Chuntao Li. The transaction was closed on October 14, 2024.

Acquisition of Raleigh Industries Limited

On November 13, 2024, the Company entered into
a share purchase agreement (the “Raleigh SPA”) with Jianqun Xu, pursuant to which Jianqun Xu has agreed to transfer to the
Company all of the outstanding shares of Raleigh Industries Limited, a company incorporated under the laws of Hong Kong, in exchange for
the issuance of 4,500,000 shares of the Company’s common stock to Jianqun Xu. The transaction was closed on November 13, 2024.

Financing and Strategic Planning Advisory Agreement with Linkun Investment LLC

On December 4, 2024, the Company entered into
a Financing and Strategic Planning Advisory Agreement with Linkun Investment LLC (“Linkun Investment,” and such agreement,
the “Linkun Investment Consulting Agreement”). Pursuant to the Linkun Investment Consulting Agreement, Linkun Investment has
agreed to provide certain strategic planning advisory services in connection with the Company’s business development during the