Luokung Technology 's

The Company operates in the technology-based services industry and faces risks associated with technological advancements, intellectual property protection, and internal control maintenance. Incorporated in the British Virgin Islands, the Company primarily conducts business in China, which involves legal and regulatory challenges. The departure of executives, directors, or key employees to competitors or the formation of competing companies may result in the loss of customers, proprietary knowledge, and essential personnel. While non-competition agreements exist with most executives, enforcement of these agreements carries inherent risks.