Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 483

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1
Chunk 483
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IT, the SAMR and the CAC, have been increasingly focused on regulation in the areas of data security and data protection, including
for mobile apps, and are enhancing the protection of privacy and data security by rule-making and enforcement actions at national and
local levels. We expect that these areas will receive greater and continued attention and scrutiny from regulators and the public going
forward, which could increase our compliance costs and subject us to heightened risks and challenges associated with data security and
protection. If we are unable to manage these risks, we could become subject to penalties, including fines, suspension of business, prohibition
against new user registration (even for a short period of time) and revocation of required licenses, and our reputation and results of
operations could be materially and adversely affected.

If
the Chinese government determines that our corporate structure does not comply with Chinese regulations, or if Chinese regulations change
or are interpreted differently in the future, Chinese regulatory authorities could disallow our current operating structure, which would
likely result in a material change in our operations and/or cause the value of such securities to significantly decline or become worthless.

In
July 2021, the Chinese government provided new guidance on Chinese companies raising capital outside of mainland China, including through
arrangements called variable interest entities, or VIEs. Currently, our corporate structure contains no variable interest entities and
we are not in an industry that is subject to foreign ownership limitations in mainland China. However, there are uncertainties with respect
to the Chinese legal system and there may be changes in laws, regulations and policies, including how those laws, regulations and policies
will be interpreted or implemented. If in the future the Chinese government determines that our corporate structure does not comply with
Chinese regulations, or if Chinese regulations change or are interpreted differently, the value of our securities may decline or become
worthless.

The
Chinese government may intervene or influence our operations at any time, or may exert more control over offerings conducted overseas
and/or foreign investment in China-based issuers, which could result in a material change in our operations and/or cause the value of
our securities to significantly decline or be worthless.

The
Chinese government has significant oversight and discretion over the conduct of our business and may intervene or influence our operations
as the government deems appropriate to further regulatory, political and societal goals. The Chinese government has recently published
new policies that significantly affected certain industries such as the education and internet industries, and we cannot rule out the
possibility that it will