Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 470

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1
Chunk 470
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 PRC companies or individuals, to obtain
the approval of the CSRC prior to publicly listing their securities on an overseas stock exchange.

The
M&A Rules discussed in the risk factor and related regulations and rules concerning mergers and acquisitions established additional
procedures and requirements that could make merger and acquisition activities by foreign investors more time-consuming and complex. For
example, the M&A Rules require that MOFCOM be notified in advance of any change-of-control transaction in which a foreign investor
takes control of a PRC domestic enterprise, if (i) any important industry is concerned, (ii) such transaction involves factors that have
or may have impact on the national economic security, or (iii) such transaction will lead to a change in control of a domestic enterprise
which holds a famous trademark or PRC time-honored brand, (iv) or in circumstances where overseas companies established or controlled
by PRC enterprises or residents acquire affiliated domestic companies. Mergers, acquisitions or contractual arrangements that allow one
market player to take control of or to exert decisive impact on another market player must also be notified in advance to the MOFCOM
when the threshold under the Provisions on Thresholds for Prior Notification of Concentrations of Undertakings issued by the State Council
in August 2008 is triggered.

In
addition, the security review rules issued by the MOFCOM that became effective in September 2011 specify that mergers and acquisitions
by foreign investors that raise “national defense and security” concerns and mergers and acquisitions through which foreign
investors may acquire de facto control over domestic enterprises that raise “national security” concerns are subject to strict
review by the MOFCOM, and the rules prohibit any activities attempting to bypass a security review, including by structuring the transaction
through a proxy or contractual control arrangement. Furthermore, according to the security review, foreign investments that would result
in acquiring the actual control of assets in certain key sectors, such as critical agricultural products, energy and resources, equipment
manufacturing, infrastructure, transport, cultural products and services, information technology, Internet products and services, financial
services and technology sectors, are required to obtain approval from designated governmental authorities in advance.

In
the future, we may grow our business by acquiring complementary businesses. Complying with the requirements of the above-mentioned regulations
and other relevant rules to complete such transactions, if required, could be time-consuming, and any required approval processes, including
obtaining approval from the