Oak Woods Acquisition (OAKU) - 2023 Q4 - Annual Report

In contrast, the following illustrative table shows the post-business combination funds flow of the Company to the extent that the Company will acquire a company based in the PRC through direct equity investment. Note: 58 Prior to our initial business combination, we are currently not required to obtain from Chinese authorities any permission to issue our securities to foreign investors and to operate our company. Under the PRC Enterprise Income Tax Law and its implementation rules, an enterprise establishe ...