Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 2

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 2
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, such as:
a) an issuer making an application for initial public offering and listing in an overseas market; b) an issuer making an overseas securities
offering after having been listed on an overseas market; c) a domestic company seeking an overseas direct or indirect listing of its
assets through single or multiple acquisition(s), share swap, transfer of shares or other means. According to the Notice on Arrangements
for Overseas Securities Offering and Listing by Domestic Enterprises, published by the CSRC on February 17, 2023, a company that (i)
has already completed overseas listing or (ii) has already obtained the approval for the offering or listing from overseas securities
regulators or exchanges but has not completed such offering or listing on or before effective date of the new rules but completed the
offering or listing before September 30, 2023 will be considered as an existing listed company and is not required to make any filing
until it conducts a new offering in the future. Furthermore, upon the occurrence of any of the material events specified below after
an issuer has completed its offering and listed its securities on an overseas stock exchange, the issuer shall submit a report thereof
to the CSRC within 3 business days after the occurrence and public disclosure of the event: (i) change of control; (ii) investigations
or sanctions imposed by overseas securities regulatory agencies or other competent authorities; (iii) change of listing status or transfer
of listing segment; or (iv) voluntary or mandatory delisting. The New Overseas Listing Rules stipulate the legal consequences to
the companies for breaches, including failure to fulfill filing obligations or filing documents having false statement or misleading
information or material omissions, which may result in administrative penalties such as order to rectify, warnings and a fine ranging
from RMB1 million to RMB10 million, and in cases of severe violations, the controlling shareholders, actual controllers, the person directly
in charge and other directly liable persons may also be subject to administrative penalties, such as warnings and fines and may be barred
from entering the securities market. On February 24, 2023, the CSRC, the Ministry of Finance, the National Administration of State
Secretes Protection and the National Archives Administration released the Provisions on Strengthening the Confidentiality and Archives
Administration Related to the Overseas Securities Offering and Listing by Domestic Companies, or the Confidentiality and Archives Administration
Provisions, which took effect on March 31, 2023. PRC