Item 2. Properties
ITEM
2. PROPERTIES
We
lease our principal executive office and warehouse which is located at RM1, 5/F, No. 43 Hung To Road, Kwun Tong, Kowloon, Hong Kong 999077.
The lease for this principal executive office and warehouse had a 12-month term beginning on November 1, 2024 and ending on October 31,
2025. On June 1, 2025, this lease was terminated without penalty and a new lease agreement was entered with the landlord. The new lease
term is from June 1, 2024 to May 31, 2026, with a monthly rent of $12,000. The facility consists of approximately 1,400 square feet of
indoor space.
The
lease agreement contains standard commercial lease terms including but not limited to provisions regarding utilities, alterations, maintenance
and repair, insurance and indemnification.
We
believe that our current leased property is in good condition and suitable for the conduct of our business.
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