Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 11

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1
Chunk 11
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 Roxe pursuant to Section 10.1(c) of the Merger Agreement, and no termination fee or other payment is due to either party
from the other as a result of the termination.

By
virtue of the termination of the Merger Agreement, the Additional Agreements (as defined in the Merger Agreement) were terminated in
accordance with their terms.

Permission
Required from the PRC Authorities for a Business Combination and Relevant PRC Regulations

We
are a blank check company incorporated in Delaware with no operations or subsidiaries in China. We are not a PRC operating entity and
currently do not own or control any equity interest in any PRC company or operate any business in China. The China Securities Regulatory
Commission (the “CSRC”) has not issued any definitive rule or interpretation concerning whether listing of our securities
are subject to the Regulations on Mergers and Acquisitions of Domestic Enterprises by Foreign Investors (the “M&A Rules”),
and we believe that we are not required to obtain any licenses or approvals, under applicable PRC laws and regulations, for our listing
on Nasdaq and seeking a target for the initial business combination. Further, according to the Measures for Cybersecurity Review, which
was promulgated on December 28, 2021 and became effective on February 15, 2022, online platform operators holding more than one million
users/users’ individual information shall be subject to cybersecurity review before listing abroad. As we are a blank check company
and are not involved in the collection of personal data of at least 1 million users or implicate cybersecurity and we will not undertake
our initial business combination with any entity that conducts a majority of its business or is headquartered in China (including Hong
Kong and Macau), we do not believe that we are, or the post-combination entity will be, a “network platform operator(s)”,
or subject to the cybersecurity review of the Cyberspace Administration of China (the “CAC”). As of the date hereof, we have
not received any inquiry, notice, warning, sanction or any regulatory objection to our listing from any relevant PRC authorities.

Further,
we do not consider ourselves a PRC operating entity or a China-based issuer, in particular, as specified in the Trial Administrative
Measures of the Overseas Securities Offering and Listing by Domestic Companies, or the Trial Measures, and five supporting guidelines
promulgated by the CSRC on February 17, 2023, which became effective