Company: OCG
Filing Date: 2025-12-11
Form Type: 424B5
Source: 0001213900-25-120719
Chunk: 39

Company: Oriental Culture Holding LTD
Filing Date: 2025-12-11
Form: 424B5
Chunk 39
---
CSRC”), State Secrecy Administration and State Cryptography
Administration and became effective on February 15, 2022, which provides that, Critical Information Infrastructure Operators (“CIIOs”)
that purchase internet products and services and Online Platform Operators engaging in data processing activities that affect or may
affect national security shall be subject to the cybersecurity review by the Cybersecurity Review Office. On November 14, 2021, CAC published
the Administration Measures for Cyber Data Security (Draft for Public Comments), or the “Cyber Data Security Measure (Draft)”,
which requires cyberspace operators with personal information of more than 1 million users who want to list abroad to file a cybersecurity
review with the Office of Cybersecurity Review. On July 7, 2022, CAC promulgated the Measures for the Security Assessment of Data Cross-border
Transfer, effective on September 1, 2022, which requires the data processors to apply for data cross-border security assessment coordinated
by the CAC under the following circumstances: (i) any data processor transfers important data to overseas; (ii) any critical information
infrastructure operator or data processor who processes personal information of over 1 million people provides personal information to
overseas; (iii) any data processor who provides personal information to overseas and has already provided personal information of more
than 100,000 people or sensitive personal information of more than 10,000 people to overseas since January 1st of the previous year;
and (iv) other circumstances under which the data cross-border transfer security assessment is required as prescribed by the CAC. On
February 17, 2023, the CSRC released the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Enterprises
(the “New Overseas Listing Rules”) with five interpretive guidelines, which took effect on March 31, 2023. The New Overseas
Listing Rules require Chinese domestic enterprises to complete filings with relevant governmental authorities and report related information
under certain circumstances, 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
CS