Company: EZOO
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022083
Chunk: 58

Company: Ezagoo Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 58
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 significant to the consolidated VIE or the right to receive
benefits from the consolidated VIE that could potentially be significant to the consolidated VIE. We hold all the variable interests
of the consolidated VIE and its subsidiaries, and has been determined to be the primary beneficiary of the consolidated VIE.

In
accordance with the contractual agreements among between CETL, BEZL, BELCB and shareholders of BEZL and BELCB allow us to:

    1.
    exercise effective control
    over BEZL and BELCB whereby having the power to direct BEZL and BELCB’s activities that most significantly drive the economic
    results of BEZL;

    2.
    receive substantially all
    of the economic benefits and residual returns, and absorb substantially all the risks and expected losses from BEZL and BELCB as
    if it was their sole shareholder;

    3.
    and have an exclusive option
    to purchase all of the equity interests in BEZL and BELCB.

We
believe that the contractual arrangements among CETL, BEZL, BELCB and the shareholders of BEZL are in compliance with PRC law and are
legally enforceable. However, uncertainties in the PRC legal system could limit our ability to enforce these contractual arrangements
and if the shareholders of our consolidated VIE were to reduce their interest in us, their interests may diverge from ours and that may
potentially increase the risk that they would seek to act contrary to the contractual terms.

Our
ability to control the consolidated VIE also depends on the voting rights proxy agreement and our company, through CETL, has to vote
on all matters requiring shareholder approval in the consolidated VIE. As noted above, we believe this voting rights proxy agreement
is legally enforceable but may not be as effective as direct equity ownership.

The
Company’s mailing address is Rm 205, 2/F, Building 17, Yard 1, Li Ze Road, Feng Tai District, Beijing 100073, China.

4

Item
3 Quantitative and Qualitative Disclosures About Market Risk.

As
a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information
required by this Item.

Item
4 Controls and Procedures.

Evaluation
of Disclosure Controls and Procedures:

We
carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange