Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 101

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 101
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 undertake may be subject, to a significant extent, to economic, political, social conditions, and legal developments in the PRC. For
example, as a result of recent proposed changes in the cybersecurity regulations in the PRC, certain Chinese technology firms would be
required to undergo a cybersecurity review before being allowed to list on foreign exchanges. This may have the effect of further narrowing
the list of potential businesses in the PRC that we intend to focus on for our initial business combination or the ability of the combined
company to list in the United States.

The economies in Asia differ from the economies of most developed countries
in many respects. For the most part, such economies have grown at a rate in excess of the United States; however, (1) such economic growth
has been uneven, both geographically and among various sectors of the economy, and (2) such growth may not be sustained in the future.
If, in the future, such country’s economy experiences a downturn or grows at a slower rate than expected, there may be less demand
for spending in certain industries. A decrease in demand for spending in certain industries could materially and adversely affect our
ability to find an attractive target business with which to consummate our initial business combination and if we effect our initial business
combination, the ability of that target business to become profitable.

Furthermore, the PRC’s economy differs from the economies of
most developed countries in many respects, including the amount of government involvement, level of development, growth rate, control
of foreign exchange and allocation of resources. While the PRC economy has experienced significant growth in the past two to three decades,
growth has been uneven, both geographically and among various sectors of the economy. Demand for target services and products depends,
in large part, on economic conditions in the PRC. Any slowdown in the PRC’s economic growth may cause our potential customers to
delay or cancel their plans to purchase our services and products, which in turn could reduce our net revenues.

The PRC government has significant oversight and discretion over the
conduct of a PRC company’s business and may intervene with or influence its operations as the government deems appropriate to further
regulatory, political and societal goals. The PRC government has recently published new policies that significantly affected certain industries
such as the education and internet industries, and we cannot rule out the possibility that it will in the future release regulations or
policies regarding any industry that could adversely affect the business, financial condition and results of operations of the combined