Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 482

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1
Chunk 482
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 to carry out an annual data security review and comply with the relevant reporting
obligations.

12

With
regard to the current effective data security management regulations, we don’t believe that we are required to conduct data security
review for listing overseas. However, according to the Regulations on Network Data Security Management (Draft for Comment), as an overseas
listed company, we will be required to conduct an annual data security review and to comply with the relevant reporting obligations.
We have been closely monitoring the development in the regulatory landscape in China, particularly regarding the requirement of approvals,
including on a retrospective basis, from the CSRC, the CAC or other PRC authorities with respect to securities offering, as well as regarding
any annual data security review or other procedures that may be imposed on us. If any approval, review or other procedure is in fact
required, we cannot assure you that we will be able to obtain such approval or complete such review or other procedure timely or at all.
For any approval that we may be able to obtain, it could nevertheless be revoked and the terms of its issuance may impose restrictions
on our operations and securities offerings. Any actions by the Chinese government to exert more oversight and control over foreign investment
in China-based issuers could significantly limit or completely hinder our ability to offer or continue to offer securities to investors
and cause the value of such securities to significantly decline or be worthless.

The
regulatory requirements with respect to cybersecurity and data privacy are constantly evolving and can be subject to varying interpretations,
and significant changes, resulting in uncertainties about the scope of our responsibilities in that regard. Failure to comply with the
cybersecurity and data privacy requirements in a timely manner, or at all, may subject us to government enforcement actions and investigations,
fines, penalties, suspension or disruption of our operations, among other things.

Compliance
with the PRC Cybersecurity Law, the PRC National Security Law, the Data Security Law, the Personal Information Protection Law, the Cybersecurity
Review Measures, as well as additional laws and regulations that PRC regulatory bodies may enact in the future, may result in additional
expenses to us and subject us to negative publicity, which could harm our reputation among users and negatively affect the trading price
of our shares in the future. There are also uncertainties with respect to how the PRC Cybersecurity Law, the PRC National Security Law
and the Data Security Law will be implemented and interpreted in practice. PRC regulators, including the Ministry of Public Security,
the MI