Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 559

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1A
Chunk 559
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You
should carefully consider the risks described below and elsewhere in this Annual Report, which could materially and adversely affect
our business, results of operations or financial condition. Our business faces significant risks and the risks described below may not
be the only risks we face. Additional risks not presently known to us or that we currently believe are immaterial may materially affect
our business, results of operations, or financial condition. If any of these risks occur, the trading price of our common stock could
be decline and you may lose all or part of your investment.

COVID-19
Pandemic

COVID-19
pandemic has had, and may continue to have, an adverse effect on our business and our financial results.

In
December 2019, a novel strain of coronavirus was discovered in China, which has and is continuing to spread throughout the world. The outbreak of COVID-19 has resulted in quarantines, travel restrictions,
and the temporary closure of stores and business facilities globally. On
January 30, 2020, the World Health Organization declared the outbreak of the COVID-19 disease a “Public Health Emergency of International
Concern.” On March 11, 2020, the World Health Organization characterized the outbreak as a “pandemic.” 

In 2020, COVID-19 had a material
impact on our business, financial condition, and results of operations. In 2022, the sporadic outbreaks of COVID-19 had material impact
on the industry in China. The government’s “zero-COVID” policy required, from time to time, quarantines, rolling lockdowns,
office closures and travel restrictions to control outbreaks in affected local areas. As a result of the COVID control measures, we were
unable to implement some of our business and marketing plans, and our operating results were negatively affected by the sporadic COVID
outbreaks and strict government response measures. In December 2022, the PRC government ended the implementation of the “zero-COVID”
policy and the overall market condition has shown improvement since then. However, COVID-19 could adversely affect our business and results
of operations in the future if any COVID resurgence causes significant disruptions to our operations, logistics and service providers.
We cannot predict the severity and duration of the impact from such resurgence, if any. If any new outbreak of COVID-19 is not effectively
and timely controlled, or if government responses to outbreaks or potential outbreaks are severe or long-lasting, our business operations
and financial condition