Company: JSKJ
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001477932-25-008401
Chunk: 105

Company: Jiansu (Shanghai) Information Technology Co., Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 105
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 Ltd established a wholly-owned subsidiary, Jensu Hong Kong Limited, to be our intermediate holding company in Hong Kong. |
| · | Incorporation of WFOE. In March, 2025, Jiansu Hong Kong Limited established a wholly-owned subsidiary, Shanghai Kunde Industrial Development Partnership Enterprise (Limited Partnership)., in PRC.                                |

In March, 2025, WFOE acquired 92.705% of the equity interest in Shanghai Jiansu by entering into equity interest transfer agreements with other shareholders. In February, 2025, Jiansu (Shanghai) Information Technology Co., Ltd issued shares to the previous shareholders of Shanghai Jiansu to reflect their respective equity interests in Shanghai Jiansu prior to the restructuring.

As of the date of this prospectus, we and our PRC subsidiaries have received from PRC authorities all requisite licenses, permissions or approvals needed to engage in the businesses currently conducted in China, and no permission or approval has been denied. Such licenses and permissions include Business License, Record Registration Form for Foreign Trade Business Operators, and Certificate of the Customs of the People’s Republic of China on Registration of a Customs Declaration Entity. The following table provides details on the licenses and permissions held by our PRC subsidiaries.

As advised by our PRC counsel, [ ], except for the overseas listing filing requirements from the CSRC as required by the Trial Measures, neither we nor any of our subsidiaries is currently required to obtain regulatory approval from Chinese authorities before listing in the U.S. under any existing PRC law, regulations or rules, including from the CSRC, CAC, or any other relevant Chinese regulatory agencies that is required to approve our operations in China. However, the PRC government may take actions to exert more oversight and control over offerings by China based issuers conducted overseas and/or foreign investment in such companies, which could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the value of our securities to significantly decline or become worthless.

Our Subsidiaries

Our operations are primarily conducted by our subsidiaries in China. The table below sets forth the information regarding our PRC subsidiaries:

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<div align='center'>MANAGEMENT’S DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and related notes included elsewhere in this prospectus. This discussion and analysis and other parts of this