Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 567

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1A
Chunk 567
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 transactions, if required, could be time-consuming, and any required approval processes, including
obtaining approval from the MOFCOM or its local counterparts may delay or inhibit our ability to complete such transactions. It is unclear
whether our business would be deemed to be in an industry that raises “national defense and security” or “national
security” concerns. However, the MOFCOM or other government agencies may publish explanations in the future determining that our
business is in an industry subject to the security review, in which case our future acquisitions in the PRC, including those by way of
entering into contractual control arrangements with target entities, may be closely scrutinized or prohibited. Our ability to expand
our business or maintain or expand our market share through future acquisitions would as such be materially and adversely affected. Furthermore,
according to the M&A Rules, if a PRC entity or individual plans to merge or acquire its related PRC entity through an overseas company
legitimately incorporated or controlled by such entity or individual, such a merger and acquisition will be subject to examination and
approval by the MOFCOM. There is a possibility that the PRC regulators may promulgate new rules or explanations requiring that we obtain
the approval of the MOFCOM or other PRC governmental authorities for our completed or ongoing mergers and acquisitions. There is no assurance
that, if we plan to make an acquisition, we can obtain such approval from the MOFCOM or any other relevant PRC governmental authorities
for our mergers and acquisitions, and if we fail to obtain those approvals, we may be required to suspend our acquisition and be subject
to penalties. Any uncertainties regarding such approval requirements could have a material adverse effect on our business, results of
operations and corporate structure.

8

China’s
political climate and economic conditions, as well as changes in government policies, laws and regulations which may be quick with little
advance notice, could have a material adverse effect on our business, financial condition and results of operations.

Our
business, financial condition, results of operations and prospects are subject, to a significant extent, to economic, political and legal
developments in China. For example, as a result of recent proposed changes in the cybersecurity regulations in China that would require
certain Chinese technology firms to undergo a cybersecurity review before being allowed to list on foreign exchanges, this may have the
effect of further narrowing the list of potential businesses in China’s consumer, technology and mobility sectors that we intend
to focus on for