Company: DKI
Filing Date: 2025-04-25
Form Type: DRS/A
Source: 0001641172-25-006135
Chunk: 16

Company: DarkIris Inc.
Filing Date: 2025-04-25
Form: DRS/A
Chunk 16
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 if any. Furthermore, if our subsidiary in the PRC incur debt on their own in the future, the instruments governing the debt may restrict their ability to pay dividends or make other payments.

Cash is expected to be transferred through our organization in the following manner: (i) funds are transferred to Turing, from DarkIris through Quantum in the form of capital contributions or shareholder loans, as the case may be; (ii) dividends or other distributions may be paid by Turing to DarkIris through Quantum; (iii) funds are transferred to Stellar from DarkIris in the form of capital contribution or shareholder loans, as the case may be; and (iv) dividends or other distributions may be paid by Stellar to DarkIris. As of the date of this prospectus, we do not maintain cash management policies or procedures dictating the amount of such funding or how funds are transferred and have not made any transfers for both directions. To the extent cash in Turing, the funds may not be available to fund operations or for other use outside of the PRC due to interventions in or the imposition of restrictions and limitations on the ability of Turing by the PRC government to transfer cash, and we cannot assure you that the PRC government will not intervene in or impose restrictions on the ability of Turing to transfer cash.See “RiskFactor — Regulations of currency conversion may limit our ability to transfer cash between us, our subsidiaries or investors including to utilize our net revenues effectively and affect the value of your investment” for more information.

Any funds we transfer to Turing, either as a shareholder loan or as an increase in registered capital, are subject to approval by or registration with relevant governmental authorities or the authorized local banks in mainland China. According to the relevant PRC regulations on foreign-invested enterprises, or FIEs, in mainland China, capital contributions to Turing are subject to registration with the relevant market supervisory authorities and local banks authorized by the State Administration of Foreign Exchange, or SAFE. In addition, (i) a foreign loan of less one year duration procured by our mainland China subsidiary is required to be registered with SAFE or its local branches and (ii) a foreign loan of one year duration or more procured by our mainland China subsidiary is required to be applied to the NDRC in advance for undergoing recordation. See “ Risk Factor— PRC regulation of loans to and direct investment in PRC entities by offshore holding companies may delay us from using the proceeds of this offering to make loans or additional capital contributions to our mainland China subsidiary,