Item 2. Properties
Item 2. Properties.
Our principal executive office is located in South San Francisco, California where we lease a total of approximately 500 square feet of office space that we use for our administrative and other activities. The lease for this office space renews automatically at the end of each calendar month, unless or until we provide notice of our intent not to renew the lease. We entered into a new sublease agreement to rent approximately 4,100 square feet of office space in South San Francisco, California, which lease expires in October 2023. We also have a development and operations office located in Shanghai, China where we lease a total of approximately 5,900 square feet of office space. This lease expires on September 15, 2023, and we may request to renew it. We believe that our facilities are sufficient to meet our current needs and that suitable additional space will be available as and when needed.
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