Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 4

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 4
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 may impact our ability to accept foreign investments, offer our securities to
investors or continue to list on a U. S. or other foreign exchange, and could impact our ability to conduct our business. Any change in
foreign investment regulations, and other policies in China or related enforcement actions by China government could result in a material
change in our operations and the value of our securities and could significantly limit or completely hinder our ability to offer our
securities to investors or cause the value of our securities to significantly decline or be worthless.

The Holding Foreign Companies Accountable Act,
or the HFCA Act, was enacted on December 18, 2020. In accordance with the HFCA Act, trading in securities of any registrant on a
national securities exchange or in the over-the-counter trading market in the United States may be prohibited if the PCAOB determines
that it cannot inspect or fully investigate the registrant’s auditor for three consecutive years beginning in 2021, and, as a result,
an exchange may determine to delist the securities of such registrant. On December 29, 2022, a legislation entitled “ Consolidated
Appropriations Act, 2023” (the “ Consolidated Appropriations Act”) was signed into law by President Biden, which has
shorten the Holding Foreign Companies Accountable Act’s timeline for a potential trading prohibition from three years to two years,
thus reducing the time period before our securities may be prohibited from trading or delisted if our auditor is unable to meet the PCAOB
inspection requirement. The Company’s auditor, Wei, Wei & Co., LLP is headquartered in the U. S. and the Public Company Accounting
Oversight Board (United States) (the “ PCAOB”) currently has access to inspect the working papers of our auditor and our auditor
is not subject to the determinations announced by the PCAOB on December 16, 2021, which determinations were vacated on December 15, 2022.
The Holding Foreign Companies Accountable Act and related regulations currently does not affect the Company as the Company’s auditor
is subject to PCAOB’s inspection and investigation.

Permissions Required from the PRC Authorities
for Our Operations

Jiangsu Yanggu and its subsidiaries are incorporated
and operating in mainland China and they have received all required permissions from Chinese authorities to operate its current business
in China, which are their business licenses. Other than the business licenses, the VIE and its subsidiaries are not required to obtain
permit and approval