Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 217

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 217
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, and other forms of sanctions that may materially and adversely affect our business, financial condition, and results of operations
and the value of our securities. To avoid such risk, we may avoid completing an initial business combination with such a target business
and instead pursue other opportunities, which may limit the pool of attractive targets. As a result, our search for a target company
may be adversely affected, which could result in a material change in our operations and/or the value of the securities we are registering
for sale.

U.S.
laws and regulations, such as the HFCAA, may restrict or eliminate our ability to complete a business combination with certain companies,
particularly those acquisition candidates with substantial operations in mainland China or Hong Kong.

Pursuant
to the Holding Foreign Companies Accountable Act (the “HFCAA”) and related regulations, if we have filed an audit report
issued by a registered public accounting firm that the PCAOB has determined that it is unable to inspect and investigate completely,
the SEC will identify us as a “Commission-identified Issuer,” and the trading of our securities on any U.S. national securities
exchanges, as well as any over-the-counter trading in the United States, will be prohibited if we are identified as a Commission-identified
Issuer for two consecutive years. On December 16, 2021, the PCAOB issued a report on its determinations that it is unable to inspect
or investigate completely PCAOB-registered public accounting firms headquartered in mainland China and Hong Kong, and identified the
registered public accounting firms in mainland China and Hong Kong that were subject to such determinations. In August 2022, the PCAOB,
the CSRC and the Ministry of Finance of the PRC signed the Statement of Protocol, which establishes a specific and accountable framework
for the PCAOB to conduct inspections and investigations of PCAOB-governed accounting firms in mainland China and Hong Kong. On December
15, 2022, the PCAOB announced that it was able to secure complete access to inspect and investigate PCAOB-registered public accounting
firms headquartered in mainland China and Hong Kong in 2022. The PCAOB Board vacated its previous 2021 determinations that the PCAOB
was unable to inspect or investigate completely registered public accounting firms headquartered in mainland China and Hong Kong. However,
whether the PCAOB will continue to be able to satisfactorily conduct inspections of PCAOB-registered public accounting firms headquartered
in mainland China and Hong Kong is subject to uncertainties and depends on a