Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 503

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1
Chunk 503
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 any penny stock. The U.S. Securities and Exchange Commission (the “SEC”)
has adopted regulations which generally define a “penny stock” to be any equity security that has a market price of less
than $5.00 per share, subject to certain exceptions. Depending on market fluctuations, our Common Stock would be considered as a “penny
stock”. A penny stock is subject to rules that impose additional sales practice requirements on broker/dealers who sell these securities
to persons other than established Members and accredited investors. For transactions covered by these rules, the broker/dealer must make
a special suitability determination for the purchase of these securities. In addition, he must receive the purchaser’s written
consent to the transaction prior to the purchase. He must also provide certain written disclosures to the purchaser. Consequently, the
“penny stock” rules may restrict the ability of broker/dealers to sell our securities and may negatively affect the ability
of holders of shares of our Common Stock to resell them. These disclosures require you to acknowledge that you understand the risks associated
with buying penny stocks and that you can absorb the loss of your entire investment. Penny stocks are low priced securities that do not
have a very high trading volume. Consequently, the price of the stocks is often volatile, and you may not be able to buy or sell the
stock when you want to.

We
do not anticipate paying cash dividends on our Common Stock in the foreseeable future.

We
do not anticipate paying cash dividends in the foreseeable future. Presently, we intend to retain all our earnings, if any, to finance
development and expansion of our business. Consequently, your only opportunity to achieve a positive return on your investment in us
will be if the market price of our Common Stock appreciates.

Our
Chief Executive Officer, Mr. Xiaohao Tan, own a majority of our outstanding shares of common stock and could significantly influence
the outcome of our corporate matters.

Mr.
Xiaohao Tan, our CEO, beneficially owns 74% of our outstanding shares of Common Stock. As a result, Mr. Xiaohao Tan is collectively able
to exercise significant influence over all matters that require us to obtain shareholder approval, including the election of directors
to our board and approval of significant corporate transactions that we may consider, such as a merger or other sale of our company or
its assets. This concentration of ownership in our shares by executive officers will limit other shareholders’ ability to influence
corporate matters and may