6 unchanged sentences
Management’s Discussion and Analysis of Financial Condition and Results of Operations – Overview.
−Removed: On August 29, 2025, we received the first installment payment of RMB 676 million (approximately $94.5 million based on the exchange rate on August 29, 2025) and recorded a receivable of $56.4 million for the remaining three installments.
+Added: On August 29, 2025, we received the first installment payment of RMB 676 million (approximately $94.5 million based on the exchange rate on August 29, 2025).
+Added: In addition, we received $11.1 million during the three months ended December 31, 2025 for the second installment payment.
+Added: In January 2026, we also received $30.3 million for the third installment.
+Added: We expect to receive the remaining installment payment of approximately $15.8 million and close the transaction in the near future.
We cannot be certain that the conditions for the remaining installments will be satisfied on a timely basis, including those conditions that are outside of our control.
1 unchanged sentence
Furthermore, failure to meet these conditions may require the parties to terminate and unwind the transaction, which will adversely affect our reputation, business operations and stock price.
−Removed: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: Not applicable.
−Removed: DEFAULTS UPON SENIOR SECURITIES
−Removed: Not applicable.
−Removed: MINE SAFETY DISCLOSURES
−Removed: Not applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.