8 unchanged sentences
Our wholly-owned subsidiary, Nemo Holding Company Limited, was incorporated on April 16, 2016, and does not have a history of earnings.
−Removed: As a result, our independent accountants in their audit report have expressed substantial doubt about our ability to continue as a going concern.
+Added: As a result, our independent auditors in their audit report have expressed substantial doubt about our ability to continue as a going concern.
Continued operations are dependent on our ability to complete equity or debt financings or generate profitable operations.
77 unchanged sentences
trade policy or practices, which could also adversely affect travel to or from the United States.
−Removed: As a result of the recent coronavirus outbreak, the travel industry to experience, and continue to experience, a significant decline in travel demand and increase in customer cancellations predominantly related to travel to, from or in China and certain other Asian markets, though concerns about the coronavirus are also negatively impacting travel demand (and therefore our business) generally.
+Added: As a result of the coronavirus outbreak in 2019, the travel industry experienced, and continues to experience, a significant decline in travel demand and increase in customer cancellations predominantly related to travel to, from or in China and certain other Asian markets, though concerns about the coronavirus are also negatively impacting travel demand (and therefore our business) generally.
Some countries have implemented travel bans or restrictions and some airlines have suspended or limited flights to or from China.
65 unchanged sentences
We face risks related to the Novel Coronavirus (COVID-19) which could significantly disrupt our development, operations, sales, and financial results.
−Removed: Our business will be adversely impacted by the effects of the Novel Coronavirus (COVID-19).
+Added: Our business has been adversely impacted by the effects of the Novel Coronavirus (COVID-19).
In addition to global macroeconomic effects, the Novel Coronavirus (COVID-19) outbreak and any other related adverse public health developments will cause disruption to our operations and sales activities.
12 unchanged sentences
Changes in the political and economic policies of the PRC government may materially and adversely affect our business, financial condition and results of operations and may result in our inability to sustain our growth and expansion strategies.
−Removed: New Momentum Corporation, is a holding company that, through Gagfare Limited, a Hong Kong entity, and Beyond Blue Limited, Hong Kong entity, both wholly-owned subsidiaries, operates our online ticketing platform that provides travelers a “Book Now, Pay Later” business model.
+Added: New Momentum Corporation, is a holding company that, through Gagfare Limited, a Hong Kong entity, and Beyond Blue Limited, Hong Kong entity, both wholly-owned subsidiaries, operate our online ticketing platform that provides travelers a “Book Now, Pay Later” business model.
The PRC government has sovereignty of Hong Kong, and Hong Kong’s legislature adopts laws that are congruent with PRC government policies and laws.
53 unchanged sentences
While detailed interpretation of or implementation rules under Article 177 have yet to be promulgated, the inability for an overseas securities regulator to directly conduct investigation or evidence collection activities within China may further increase the difficulties you face in protecting your interests.
−Removed: The audit report included in this prospectus is prepared by an independent registered public accounting firm who is based in Malaysia and is presently is inspected by the Public Company Accounting Oversight Board (the “PCAOB”).
−Removed: If, however, the PCAOB is unable to inspect our an independent registered public accounting firm, our investors would be deprived of the benefits of such inspection.
+Added: The audit report is prepared by an independent registered public accounting firm who is based in Malaysia and may soon be inspected by the Public Company Accounting Oversight Board (the “PCAOB”).
+Added: If, however, the PCAOB is unable to inspect our independent registered public accounting firm, our investors would be deprived of the benefits of such inspection.
The Holding Foreign Companies Accountable Act, or the HFCA Act, and other legislative and regulatory developments related to political tensions between the United States and China, may have a material adverse impact on any future possible listing and trading, or quotation, in the U.S.
1 unchanged sentence
As an auditor of U.S.
−Removed: publicly traded companies and a PCAOB-registered accounting firm, the independent registered public accounting firm that issued the audit report included in this prospectus is required by the laws of the United States to undergo regular inspections by the PCAOB to assess its compliance with the laws of the United States and professional standards.
−Removed: If, however, it is later determined that the PCAOB is unable to inspect or investigate completely our auditor because of a position taken by an authority in Malaysia or another other foreign jurisdiction, then our independent registered public accounting firm would not be inspected by the PCAOB, which would be detrimental to your investment.
+Added: publicly traded companies and a PCAOB-registered accounting firm, the independent registered public accounting firm that issued the audit report is required by the laws of the United States to undergo regular inspections by the PCAOB to assess its compliance with the laws of the United States and professional standards.
+Added: If, however, it is later determined that the PCAOB is unable to inspect or investigate completely our auditor because of a position taken by the authority in Malaysia or another other foreign jurisdiction, then our independent registered public accounting firm would not be inspected by the PCAOB, which would be detrimental to your investment.
PCAOB inspections are able to identify deficiencies in the inspected firms’ audit procedures and quality control procedures, which may then be addressed as part of the inspection process to improve future audit quality.
20 unchanged sentences
The SEC will begin identifying issuers based on annual reports filed in 2023 for the fiscal year ended December 31, 2022.
−Removed: Because our annual report for fiscal year 2021 will likely include an audit report issued by an independent registered public accounting firm that is currently subject to PCAOB inspection, we do not expect that we will be an SEC-identified company in fiscal year 2022, and would not be required to comply with the SEC’s submission and disclosure requirements for our Annual Report for the fiscal year ending December 31, 2022.
+Added: Because our annual report for fiscal year 2022 will likely include an audit report issued by an independent registered public accounting firm that may be subject to PCAOB inspection, we do not expect that we will be an SEC-identified company for fiscal year 2023, and would not be required to comply with the SEC’s submission and disclosure requirements for our Annual Report for the fiscal year ending December 31, 2023.
If, however, it is later determined that the PCAOB is unable to inspect or investigate completely our auditor because of a position taken by an authority in Malaysia or another foreign jurisdiction, then our independent registered public accounting firm would not be inspected by the PCAOB, and we are determined to be subject to the HFCA Act, our shares of common stock would be prohibited from trading on a U.S.
52 unchanged sentences
Our articles of incorporation authorize the issuance of up to 500,000,000 shares of common stock with a par value of $0.001 per share, and 175,000,000 shares have been designated as “blank check” preferred stock.
−Removed: As of the date of this Prospectus, the Company had 176,168,548 shares of common stock issued and outstanding.
+Added: As of the date of this report, the Company had 190,782,774 shares of common stock issued and outstanding.
Accordingly, we may issue up to an additional 148,000,000 shares of common stock.
41 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.