Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 580

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1A
Chunk 580
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 significantly affected certain industries such as the education and internet industries, and we cannot rule out the
possibility that it will in the future release regulations or policies regarding the food and beverage industry or the supply in Chinese
industries that could require us to seek permission from Chinese authorities to continue to operate our business, which may adversely
affect our business, financial condition and results of operations. Furthermore, recent statements made by the Chinese government have
indicated an intent to increase the government’s oversight and control over offerings of companies with significant operations
in mainland China that are to be conducted in foreign markets, as well as foreign investment in China-based issuers like us. Any future
action by the Chinese government expanding the categories of industries and companies whose foreign securities offerings are subject
to government review could significantly limit or completely hinder our ability to offer or continue to offer securities to investors
or could disallow our current operating structure, which would likely result in a material change in our operations and/or a material
change in the value of our securities, including causing the value of such securities to significantly decline or become worthless.

On
July 6, 2021, the General Office of the Communist Party of China Central Committee and the General Office of the State Council jointly
issued a document to crack down on illegal activities in the securities market and promote the high-quality development of the capital
market, which, among other things, requires the relevant governmental authorities to strengthen cross-border oversight of law enforcement
and judicial cooperation, to enhance supervision over China-based companies listed overseas, and to establish and improve the system
of extraterritorial application of the PRC securities laws. Since this document is still relatively new, uncertainties still exist in
relation to how soon legislative or administrative regulation making bodies will respond and what existing or new laws or regulations
or detailed implementations and interpretations will be modified or promulgated, if any, and the potential impact such modified or new
laws and regulations will have on our future business combination with a company with major operation in China.

13

Further,
Chinese government continues to exert more oversight and control over Chinese technology firms. On July 2, 2021, Chinese cybersecurity
regulator announced, that it had begun an investigation of Didi Global Inc. (NYSE: DIDI) and two days later ordered that the company’s
application be removed from smartphone application stores. On July 5, 2021, the Chinese cybersecurity regulator launched the same investigation
on two other Internet platforms, China’s Full