Our principal executive office is located in South San Francisco, California where we lease a total of approximately 11,800 square feet of office space that we use for our administrative and other activities.
−Removed: 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.
−Removed: 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.
+Added: The lease commenced in July 2023 and will expire on August 31, 2027.
We also have a development and operations office located in Shanghai, China where we lease a total of approximately 22,500 square feet of office space.
−Removed: This lease expires on September 15, 2023, and we may request to renew it.
+Added: This lease expires on December 31, 2026.
+Added: We also lease a total of approximately 8,400 square feet of laboratory space located in Shanghai, China for our research and development activities.
+Added: This lease expires on January 31, 2027.
We believe that our facilities are sufficient to meet our current needs and that suitable additional space will be available as and when needed.
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.