What changed 10-K

Item 1A. Risk Factors

2026-01-09 compared with 2024-11-25 · 6 added, 6 removed, 960 unchanged (1% of the section changed)

136 unchanged sentences

no independent audit committee.

Our full board of directors function as our audit committee and is comprised of a single director.

Our full board of directors functions as our audit committee and is comprised of a single director.

independent audit committee would play a crucial role in the corporate governance process, assessing our Company’s processes relating

810 unchanged sentences

shares of our stock, and accordingly, will have control over stockholder matters, the Company’s business and management.

Huang Fang, our CEO, owns common stock representing

49% of the outstanding shares of our common stock.

While she continues to hold the near-majority of the voting power in our Company, this

director will have effective control over the Company.

In particular, the director will have the ability to:

Fang, our CEO, owns common stock representing 48.6% of the outstanding shares of our common

While she continues to hold the near-majority of the voting power in our Company,

this director will have effective control over the Company.

In particular, the director will

have the ability to:

or defeat the election of our directors;

10 unchanged sentences

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.