Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 25

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
Chunk 25
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 itself
which may be sued upon as a debt at common law so that no retrial of the issues would be necessary provided that: (1) the U.S. court
issuing the judgment had jurisdiction in the matter and the company either submitted to such jurisdiction or was resident or carrying
on business within such jurisdiction and was duly served with process; (2) the U.S. judgment is final and for a liquidated sum;
(3) the judgment given by the U.S. court was not in respect of penalties, taxes, fines or similar fiscal or revenue obligations
of the company; (4) in obtaining judgment, there was no fraud on the part of the person in whose favor judgment was given or on the
part of the court; (5) recognition or enforcement of the judgment would not be contrary to public policy in the BVI; and (6) the
proceedings pursuant to which judgment was obtained were not contrary to natural justice.

In appropriate circumstances,
a BVI Court may give effect in the BVI to other kinds of final foreign judgments such as declaratory orders, orders for performance of
contracts and injunctions.

In addition, many of our directors
and officers are nationals or residents of Canada, mainland China, Hong Kong, Singapore, the United Kingdom and all or a substantial
portion of their assets are located in the aforementioned locations.

As of the date of this annual
report, four of our directors (Mr. Kenneth Wong, Mr. Peter Ding, William Chu and Prof. Albert Yu) and one of our officers (Mr. Kenneth
Wong, our Chairman and CEO) are residing in Hong Kong. Further, it is uncertain whether 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 impossible, for investors in the United
States to enforce their legal rights, to effect service of process upon those officers and directors located outside the United States,
or to enforce judgments of U.S. courts seeking to impose civil liabilities and criminal penalties on them under United States securities
laws. In particular, the PRC does not have treaties providing for the reciprocal recognition and enforcement of judgments of courts with
the United States and many other countries and regions. Therefore, recognition and enforcement in the PRC of judgements of U.S. courts
in relation to any matter not subject to a binding arbitration provision may be difficult or