Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 96

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 96
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 and we have taken and expect to continue to take advantage of certain exemptions from various
reporting requirements that are applicable to other public companies that are not EGCs including, but not limited to, not being required
to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding
executive compensation in our periodic reports, registrations statements and proxy statements, and exemptions from the requirements of
holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously
approved. Further, Section 102(b)(1) of the JOBS Act exempts EGCs from being required to comply with new or revised financial accounting
standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not
have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards.
This exemption may make comparison of our financial statements with other public companies that are neither EGCs nor EGCs that have opted
out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

We may be exposed to risk if we cannot enhance, maintain, and adhere to our internal controls and procedures.

As a public company trading
on Nasdaq, we have significant requirements for enhanced financial reporting and internal controls. The process of designing and implementing
effective internal controls is a continuous effort that will require us to anticipate and react to changes in our business accounting,
auditing and regulatory requirements and to expend significant resources to maintain a system of internal controls that is adequate to
satisfy our reporting obligations as a public company, and we are still early in the process of generating a mature system of internal
controls and integration across business systems. If we are unable to establish or maintain appropriate internal financial reporting controls
and procedures, it could cause us to fail to meet our reporting obligations on a timely basis, result in material misstatements in our
financial statements, and harm our operating results.

Matters impacting our internal
controls may cause us to be unable to report our financial information in an accurate manner or on a timely basis and thereby subject
us to adverse regulatory consequences, including sanctions by the SEC or violations of Nasdaq rules. There also could be a negative reaction
in the financial markets due to a loss of investor confidence in us and the reliability of our financial statements. Confidence in the
reliability of our financial statements also could