9 unchanged sentences
On January 10, 2025 and January 31, 2025, we sent two letters to the lessor requesting to terminate the lease, as we had vacated the property.
−Removed: As of the date of this annual report, we have ceased to pay rent per the Company’s legal counsel advice.
+Added: Starting from February 2025, we ceased to pay rent per the Company’s legal counsel advice.
+Added: The Company reviewed the landlord’s internal tenant management system and confirmed that the Company had been removed as an active tenant from the landlord’s system in December 2025, and all the outstanding invoices from February to December 2025 had also been reversed.
+Added: As of December 31, 2025, based on these developments, the Company believes that its remaining obligations under the lease have been effectively terminated.
Allen-Boy, one of our subsidiaries, leases office space for its business operations in Charlotte, North Carolina, from an independent third party, Sounder Properties Inc., with an area of approximately 225 square feet.
1 unchanged sentence
This office is the address for our dealer license.
−Removed: Pacific, one of our subsidiaries, leased an office in New York City, New York, from an independent third party, Executive Workspace LLC, with an area of approximately 1,692 square feet.
−Removed: On September 26, 2023, we amended the lease to include an additional office space of approximately 1,591 square.
−Removed: The lease expired on August 31, 2024.
Edward, which became one of our subsidiaries on February 2, 2024, had previously been in a collaborative partnership with us as providers for vehicle storage and logistics services throughout the year ended December 31, 2023.
4 unchanged sentences
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.