AXT INC 10-K

Item 2. Properties Our principal properties as of March 12, 2024 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ Square ​ ​ Location ​ Feet ​ Principal Use ​ Ownership Fremont, CA 19,467 Administration Operating lease, expires November 2028 Beijing, China 141,524 Production and Administration Owned by AXT / Tongmei DingXing, China ​ 193,621 ​ Production ​ Owned by AXT / Tongmei Kazuo, China ​ 528,390 ​ Production ​ Owned by AXT / Tongmei Kazuo, China 75,703 Production and Administration Owned by Beijing BoYu Semiconductor Vessel Craftwork Technology Co., Ltd.* Tianjin, China ​ 146,012 ​ Production and Administration ​ Owned by Beijing BoYu Semiconductor Vessel Craftwork Technology Co., Ltd., * Kazuo, China 190,597 ​ Production ​ Owned by ChaoYang JinMei Gallium Ltd.,* ​ * Raw material companies consolidated in our consolidated financial statements. We consider each facility to be in good operating condition and adequate for its present use, and believe that each facility has sufficient plant capacity to meet its current and anticipated operating requirements. ​