Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 581

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1A
Chunk 581
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 Truck Alliance of Full Truck Alliance Co. Ltd. (NYSE: YMM) and Boss of KANZHUN LIMITED
(Nasdaq: BZ).

On
December 24, 2021, the CSRC issued the Administrative Provisions of the State Council Regarding the Overseas Issuance and Listing of
Securities by Domestic Enterprises (the “Draft Administrative Provisions”) and the Measures for the Overseas Issuance of
Securities and Listing Record-Filings by Domestic Enterprises (Draft for Comments) (the “Draft Filing Measures”), collectively,
the Draft Overseas Listing Rules, which are currently published for public comments only. According to the Draft Overseas Listing Rules,
among other things, all China-based companies applying for overseas securities issuance, listing and post-listing capital operations
shall be subject to statutory procedures, such as filing and information reporting requirement. After making initial applications with
overseas stock markets for offerings or listings, all China-based companies shall file with the CSRC within three business days. In addition,
overseas offerings and listings may be prohibited for such China-based companies when any of the following applies: (a) if the securities
offerings and listings are prohibited by applicable PRC laws and rules; (b) if securities offerings and listings may constitute a threat
to, or endanger national security as reviewed and determined by PRC authorities; (c) if there are material ownership disputes over applicants’
equity interests, major assets, core technologies or other items; (d) if a PRC company or its controlling shareholders or de facto controllers
have committed certain crimes, under investigation for suspicion of major violations in the prior three years; (e) if any directors,
supervisors, or senior executives of applicants have been subject to administrative punishments for severe violations, or are under investigations
for crimes or major violations; or (f) other circumstances as provided. The Draft Administrative Provisions further provide that a fine
between RMB 1 million and RMB 10 million may be imposed if a company fails to fulfill the filing requirements with the CSRC or conducts
an overseas offering or listing in violation of the Draft Overseas Listing Rules. In the case of severe violations, an order to suspend
relevant businesses or halt operations for rectification may be issued, and relevant business permits or operational license revoked.
Overseas issuance and listings subject to the Draft Overseas Listing Rules include direct and indirect issuance and listings. We believe
that our future securities offerings and proposed listing