Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 22

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1
Chunk 22
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 and distributions, if any. Given that we are not a China-based issuer or expect to be a China-based issuer upon the consummation
of our initial business combination, we are not subject to, or are not expected to become subject to, the foreign exchange control rules
of the PRC.

10

However,
applicable laws, regulations, or interpretations of the PRC may change, and the relevant PRC government agencies could reach a different
conclusion. There is also possibility that we may not be able to obtain or maintain such approval or that we inadvertently concluded
that such approval was not required when in fact it was. If prior approval was required while we inadvertently concluded that such approval
was not required or if applicable laws and regulations or the interpretation of such were modified to require us to obtain the approval
in the future, we may face regulatory actions or other sanctions from relevant Chinese regulatory authorities. These authorities may
take actions that could have a material adverse effect upon our business, financial condition, results of operations, reputation and
prospects, as well as the trading price of our securities. In addition, any changes in the PRC law, regulations, or interpretations may
severely affect our operations. Further, if we are required by the Trial Measures to file with the CSRC, we cannot assure you that we
will be able to complete such filings in a timely manner, or at all. The CSRC or other Chinese regulatory agencies may also take actions
requiring us, or making it advisable for us, be subject to other severe consequences, which would materially affect the interest of the
investors. To that extent, we may not be able to conduct the process of searching for a potential target company. Any failure of us to
fully comply with new regulatory requirements may significantly limit or completely hinder our ability to continue to offer the securities,
causing significant disruption to our business operations, severely damage our reputation, materially and adversely affect our financial
condition and results of operations and cause the securities to significantly decline in value or become worthless.

Enforceability
of Civil Liability

Our
officers and four of five of our directors are US citizens and reside in the United States. The fifth director, Nan Sun, is a Chinese
citizen and also resides in the United States. Further, there is uncertainty if any officers and directors of the post-combination entity
will be located inside the United States. As a result, it may be difficult, or in some cases not possible, for