Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 66

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 3
Chunk 66
---
 S. federal income tax purposes if Ten Percent
Shareholders own, directly, indirectly or constructively (through attribution), more than 50% of either the total combined voting power
of all classes of stock of such corporation entitled to vote or of the total value of the stock of such corporation. A “ Ten Percent
Shareholder” is a United States person (as defined by the U. S. Internal Revenue Code of 1986, as amended) that owns directly or
indirectly, or is considered to own constructively, 10% or more of the total combined voting power of all classes of stock entitled to
vote of such corporation or 10% or more of the total value of the stock of such corporation. We believe we are not a CFC. However, the
determination of CFC status is complex and includes certain “downward attribution” rules pursuant to which our non-U. S. subsidiaries
are expected to be treated as constructively controlled by our U. S. subsidiary and therefore our non-U. S. subsidiaries are expected to
be treated as CFCs. We do not intend to provide information to Ten Percent Shareholders that may be required in order for those shareholders
to properly report their U. S. taxable income with respect to our or our subsidiaries’ operation.

Item 4. INFORMATION ON THE COMPANY