1 unchanged sentence
Exchange Risk
−Removed: reporting currency is the US dollar, all of our revenues and costs are
−Removed: denominated in RMB and all our assets and liabilities are denominated in RMB.
−Removed: a result, we are exposed to foreign exchange risk as our revenues and results of
−Removed: operations may be affected by fluctuations in the exchange rate between the US
−Removed: Dollar and RMB.
−Removed: If the RMB depreciates against the US Dollar, the value of our
−Removed: RMB revenues and assets as expressed in our US Dollar consolidated financial
+Added: currently do not hold or use any derivative or other financial instruments that
+Added: expose us to substantial market risk and we have no foreign exchange
+Added: exposed to foreign exchange risk arising from fluctuations in the exchange rate
+Added: Dollars and Renminbi.
+Added: Our operations are located in the People’s
+Added: Republic of China and substantially all of our revenues and assets are
+Added: denominated in Renminbi.
+Added: However our reporting currency is the U.S.
+Added: some of our expenses are denominated in U.S.
+Added: As a result, our financial
+Added: results are potentially subject to the impact of changes in value between U.S.
+Added: Dollars and Renminbi.
+Added: If the Renminbi depreciates relative to the U.S.
+Added: the value of our revenues, earnings and assets as reported in our financial
statements will decline.
−Removed: is currently freely convertible under the “current account”, which includes
−Removed: dividends, trade and service-related foreign exchange transactions, but not
−Removed: under the “capital account”, which includes foreign direct investment.
−Removed: 19, 2007, the People’s Bank of China announced a policy to expand the maximum
−Removed: daily floating range of RMB trading prices against the U.S.
−Removed: dollar in the
−Removed: inter-bank spot foreign exchange market from 0.3% to 0.5%.
−Removed: international reactions to the RMB revaluation and widening of the RMB’s daily
−Removed: trading band have generally been positive, with the increased floating range of
−Removed: the RMB’s value against foreign currencies, the RMB may appreciate or depreciate
−Removed: significantly in value against the U.S.
−Removed: dollar or other foreign currencies in
−Removed: the long term, depending on the fluctuation of the basket of currencies against
−Removed: which it is currently valued.
not experienced significant credit risk, as most of our customers are long-term
53 unchanged sentences
no change in the Company's internal control over financial reporting during the
−Removed: period ended August 31, 2009, that has materially affected, or is reasonably
+Added: period ended November 30, 2009, that has materially affected, or is reasonably
likely to materially affect, the Company's internal control over financial
1 unchanged sentence
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.