Cybersecurity Review Measures definition
Examples of Cybersecurity Review Measures in a sentence
However, there are substantial uncertainties regarding the interpretation and application of the Cybersecurity Review Measures, other PRC Laws and future PRC Laws, and the relevant Governmental Agencies in the PRC may take a view that is contrary to or otherwise different from our opinions stated herein and may initiate cybersecurity review on the PRC Companies at their discretion.
According to the latest amended Cybersecurity Review Measures, which was promulgated on November 16, 2021 and became effective on February 15, 2022, an online platform operator holding more than one million users/users’ individual information shall be subject to cybersecurity review before listing abroad.
There remains uncertainty, however, as to how the Cybersecurity Review Measures and the Security Administration Draft will be interpreted or implemented and whether the PRC regulatory agencies, including the CAC, may adopt new laws, regulations, rules, or detailed implementation and interpretation related to the Cybersecurity Review Measures and the Security Administration Draft.
Based on our understanding of the explicit provisions under the currently published and effective PRC Laws, except as disclosed in the Registration Statement, the PRC Companies are currently not required to apply to the Cybersecurity Review Office housed in the CAC for cybersecurity review for the Offering according to the Cybersecurity Review Measures.
The Cybersecurity Review Measures required that, among others, if an internet platform operator holding over one million users’ personal information and intends to be listed in a foreign country, it must apply to the Cybersecurity Review Office housed in the CAC for cybersecurity review.
As of the date hereof, we have not received any notice from the Cyberspace Administration of China of a cybersecurity review on us under the Revised Cybersecurity Review Measures.
Neither the Company nor any Subsidiaries has been notified by any Governmental Authority of being classified as a critical information infrastructure operator under the Cybersecurity Review Measures.
To the knowledge of the Warrantors, none of the Group Companies is currently subject to any cybersecurity review under the Cybersecurity Review Measures of the PRC.
As of the date of this annual report, we have not received any notice from the Cybersecurity Administration of China of a cybersecurity review on us under the Revised Cybersecurity Review Measures and we are not aware of any material non-compliance with cybersecurity rules and regulations issued by the Cyberspace Administration of China.
As of the date of this annual report, we are not aware of material adverse effects on our business arising from our compliance with the PRC Cybersecurity Law, the PRC National Security Law, the Data Security Law, the Personal Information Protection Law, the Revised Cybersecurity Review Measures and the Measures for the Security Assessment of Cross-border Data Transmission.