What changed in this filing

/stocks — the workspaceLOADING

Item 1. Business

2024-09-09 compared with 2024-06-21 · 50 added, 5 removed, 903 unchanged (6% of the section changed)

252 unchanged sentences

asset exchanges associated with Russian and/or North Korean nationals.

Our business operations are not currently

impacted by the cryptocurrency restrictions imposed by the Chinese government (collectively, the “PRC Crypto Restrictions”)

in any material respect, even though the Chinese government has adopted an increasingly stringent approach in recent years, as outlined

and discussed below.

On December 3, 2013, the People’s Bank

of China, China’s central bank (“PBoC”), issued the Notice on Preventing Risks Associated with Bitcoin , emphasizing

that Bitcoin should be deemed as a virtual commodity rather than a fiat currency.

This notice prohibits financial and payment institutions

in China from providing Bitcoin-related services, highlighting the potential risks of money-laundering associated with Bitcoin.

Further tightening the regulatory environment,

on September 4, 2017, the PBoC issued the Announcement on Preventing Risks Associated with Financing Activities through ICOs ,

which prohibits the initial coin offerings (ICOs) which was characterized as a potentially criminal activity, potentially involving suspected

illegal issuance and sales of tokens and notes, unauthorized public issuance of securities, illegal fundraising, financial fraud, and

Ponzi schemes.

The most recent regulatory measure came on

September 24, 2021, when the PBoC, along with nine other Chinese national government bodies, issued the Notice Regarding Further Prevention

and Management of Risks Associated with Cryptocurrency Trading Hype banning overseas cryptocurrency exchanges from providing services

to residents in mainland China.

This notice also prohibits individuals in mainland China from working for overseas exchanges, and restricts

companies and individuals from providing marketing, payment, settlement services or technical support to these exchanges.

A comprehensive

monitoring system was also established to oversee cryptocurrency activities of individuals and companies in mainland China, giving local

authorities extensive authority to monitor their regions and raise early warning flags.

We believe our business operations are not

currently subject to these PRC Crypto Restrictions.

We are not a PRC company, nor do we have any PRC subsidiaries.

We are not a financial

or payment institution operating within China either.

We currently do not conduct any business activities within China.

We do not engage

in any exchange business between fiat currency and cryptocurrency or among cryptocurrencies.

We do not issue digital tokens through ICOs

or otherwise, nor do we provide marketing, payment, settlement services or related technical support for any cryptocurrency exchanges.

Our involvement with Bitcoin is limited to

purchasing, holding and selling Bitcoins, which is not prohibited under the PRC Crypto Restrictions.

Furthermore, the holding of certain

executive roles by Chinese citizens in our company does not violate any PRC Crypto Restrictions.

While our current business operations are

not subject to the PRC Crypto Restrictions, future changes in our business strategies or operations could expose us to these restrictions.

In addition, the PRC Crypto Restrictions are continuously evolving and can be subject to significant changes.

There is a possibility

that the Chinese government may broaden its regulatory scope to include a wider range of cryptocurrency-related activities, potentially

impacting companies operating outside of China.

If new regulations are introduced or if our business evolves to include activities that

fall under the PRC jurisdiction, we could face increased regulatory scrutiny, compliance costs or operational restrictions, which, in

turn, could materially affect our current or anticipated business operations.

As noted above, activities involving Bitcoin

17 unchanged sentences

On March 24, 2021, the SEC adopted interim final

rules relating to the implementation of certain disclosure and documentation requirements of the Holding Foreign Company Accountable Act,

or the HFCAA.

rules relating to the implementation of certain disclosure and documentation requirements of the Holding Foreign Company Accountable

Act, or the HFCAA.

An identified issuer will be required to comply with these rules if the SEC identifies it as having a “non-inspection”

13 unchanged sentences

in the HFCAA.

The rules apply to registrants that the SEC identifies as having filed an annual report with an audit report issued by a

registered public accounting firm that is located in a foreign jurisdiction and that PCAOB is unable to inspect or investigate completely

The rules apply to registrants that the SEC identifies as having filed an annual report with an audit report issued by

a registered public accounting firm that is located in a foreign jurisdiction and that PCAOB is unable to inspect or investigate completely

because of a position taken by an authority in foreign jurisdictions.

614 unchanged sentences

Not applicable as we are a smaller reporting company.

UNRESOLVED STAFF COMMENTS

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/A

Item 1. Business