What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2022-04-12 compared with 2021-04-08 · 20 added, 28 removed, 249 unchanged (16% of the section changed)

FIGURE 2.1 - REGIONAL MAP OF MINING PROPERTIES

FIGURE 2.2 –

DETAILED MAP OF MINING PROPERTIES

FIGURE 2.2 – DETAIED MAP OF MINING PROPERTIES

We do not own any land, although we do own some

31 unchanged sentences

1 and land lease contracts to seven properties (approximately 17,816

acre), totaling nearly 17,819 acre, located on the south bank of Laizhou Bay on the Shandong Peninsula of the People’s Republic

of China (“China”).

acre), totaling nearly 17,819 acre, located on the south bank of Laizhou Bay on the Shandong Peninsula of the People’s Republic

Each of the properties is accessible by road.

The Yiyang railway line is within 50 kilometers

and the Yangkou port is five kilometers away.

The Yiyang railway line is within 50 kilometers and the Yangkou port

is five kilometers away.

Each of the seven properties contains natural

24 unchanged sentences

to improve safety and decrease environmental degradation.

The “China Mineral Resources Law”

declares state ownership

The “China Mineral Resources Law” declares state ownership

of all mineral resources in China.

7 unchanged sentences

The licensee is required to submit a proposal and feasibility studies to the relevant authority and to pay

the central government a natural resources tax in an amount equal to RMB 1,050 per tonne of bromine sales volumes.

was exempt from paying the fee prior to January 1, 2008.

Shandong province has determined that bromine is to be extracted only by

licensed entities.

the central government a natural resources tax levied at 8% of sales.

The Company was exempt from paying the fee prior to January

Shandong province has determined that bromine is to be extracted only by licensed entities.

Our mineral rights are issued by the local government

2 unchanged sentences

under the leased land and produce bromine and crude salt.

The government performs an annual inspection of the company’s previous

year’s state of production & operations at beginning of each year.

The government performs an annual inspection of the company’s previous

year’s state of production & operations at beginning of each year.

The annual inspection reviews:

2 unchanged sentences

(2) whether the natural resources tax and other taxes were

(3) whether employees’

salary and welfare benefits were timely paid;

(3) whether employees’ salary and welfare benefits were timely paid;

and (4) whether the Company meets environment

8 unchanged sentences

On September 21, 2018, we received a closing notice

from the People’s Government of Yangkou Town, Shouguang City informing us that we had to shut down our three bromine factories (Factory

The following is a description of the land use

51 unchanged sentences

7 (originally named as No.

5)– Wangjiancai

Date of Acquisition

7 unchanged sentences

Under application, written consent obtained from local land and resources departments

7 – Qiufen Yuan

Date of Acquisition

11 unchanged sentences

Period of Permission:

8 – Fengxia Yuan

Date of Acquisition

8 unchanged sentences

Under application, written consent obtained from local land and resources departments

9 – Jinjin Li

Date of Acquisition

22 unchanged sentences

Pursuant to the Lease Contract, SCHC shall lease certain property with an area

of 3,192 square meters (or 0.8 acres) and buildings adjacent to the Company’s Factory No.

There are currently non-operating

16 unchanged sentences

7* (originally named as No.

October 25, 2007/

January 7, 2009

October 25, 2007/ January 7,

September 7, 2009

32 unchanged sentences

7 on May 2019

The following table shows the chemical products

produced and sold for our SYCI’s production facilities and the weighted average price received for all products sold for the last

Selling price (RMB/ton)

Oil and gas exploration additives

Paper manufacturing additives

Pesticides manufacturing additives

Pharmaceutical intermediates

Our SYCI’s production facilities did not

produce or sold any chemical products for the last two years.

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.

What changed 10-K

Item 2. Properties