Item 2. Properties
Item
2. Properties
The Company entered
into a lease agreement with Ms. Qingmei Lin on May 1, 2018, to lease approximately 1200
square meters of office space located in No. 10, Tuanjie 2nd Road, Hetaogang, Beizha Community, Humen Town, Dongguan City,
China. The lease agreement will expire on April 30, 2027. The original monthly rent expense was $3,811 (RMB 25,000). Effective
as of May 1, 2018, the monthly rent expense was lowered to $2,323 (RMB15,000) based on a written agreement between Ms. Qingmei
and Company. The total rental expenses for the years ended December 31, 2018 and 2017 were $33,317 and $31,707,
respectively. The lease agreement did not require a rental deposit.
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