Company: DKI
Filing Date: 2025-04-25
Form Type: DRS/A
Source: 0001641172-25-006135
Chunk: 66

Company: DarkIris Inc.
Filing Date: 2025-04-25
Form: DRS/A
Chunk 66
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 China, and we cannot assure that we can finish all necessary governmental registration processes in a timely manner.

The proceeds of this offering may be sent back to mainland China, and the process for sending such proceeds back to China may take several months after the closing of this offering. In utilizing the proceeds of this offering in the manner described in “Use of Proceeds,” as an offshore holding company of our mainland China subsidiary, we may make loans to our mainland China subsidiary, or we may make additional capital contributions to our mainland China subsidiary. Any shareholder loan or additional capital contribution are subject to PRC regulations.

To remit the proceeds of this offering to China, we must take the steps legally required under the PRC laws. In light of the various requirements imposed by PRC regulations on loans to, and direct investment in, PRC entities by offshore holding companies, we cannot assure you that we will be able to complete the necessary government registrations or obtain the necessary government approvals on a timely basis, if at all, with respect to future loans by us to our mainland subsidiary or with respect to future capital contributions by us to our mainland subsidiary. If we fail to complete such registrations or obtain such approvals, our ability to use the proceeds from this offering and to capitalize or otherwise fund our PRC operations may be negatively affected, which could materially and adversely affect our liquidity, our ability to fund and expand our business and our Class A Ordinary Shares.

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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, which could materially and adversely affect our liquidity and our ability to fund and expand our business.

Any funds we transfer to our mainland China subsidiary, 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 China, capital contributions to our mainland China subsidiary 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