What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2022-03-31 compared with 2021-03-31 · 31 added, 21 removed, 5 unchanged (91% of the section changed)

primary facilities, which are owned except where otherwise indicated, are as follows:

Our primary facilities, which are owned except where otherwise indicated,

are as follows:

Approximate Size

(Square Meters)

City, Hubei Province, PRC

Owned or Leased

Xianning Bozhuang *

Xianning City, Hubei Province, PRC

Land Use Rights Obtained

Sanhe Luckysky**

Jingshan City,

Hubei Province, PRC

Chuangyuan ***

Meihekou City,

Jilin Province, PRC

Jingshan Sanhe Luckysky**

Jingshan City, Hubei Province, PRC

Jilin Chuangyuan ***

Meihekou City, Jilin Province, PRC

Land Use Rights Obtained

a VIE in May 2019.

a VIE in January 2021.

a VIE in March 2021.

the aggregate, we currently have land use rights to, or lease, 3 properties with approximately 104,041 square meters, consisting

of manufacturing facilities and office buildings for future expansion.

We believe our current facilities provide adequate capacity

for our current and projected needs.

land in China is owned by the government.

Individuals and companies are permitted to acquire land use rights for specific purposes.

In the case of land used for industrial purposes, the land use rights are granted for a period of up to 50 years.

may be renewed at the expiration of the initial and any subsequent terms.

Granted land use rights are transferable and may be

used as security for borrowings and other obligations.

Anhui Ansheng***

Xuan City, Anhui Province, PRC

Land Use Rights Obtained

Shandong Yunchu****

Qingdao City, Shandong Province

a VIE in May 2019 and became a subsidiary in August 2021.

a subsidiary in September 2021.

*** Became a VIE in 2021.

**** Become a subsidiary in December 2021

In the aggregate, we currently have land use rights to, or lease,

5 properties with approximately 155,586.16 square meters, consisting of manufacturing facilities and office buildings for future expansion.

We believe our current facilities provide adequate capacity for our current and projected needs.

All land in China is owned by the government.

Individuals and companies

are permitted to acquire land use rights for specific purposes.

In the case of land used for industrial purposes, the land use rights

are granted for a period of up to 50 years.

This period may be renewed at the expiration of the initial and any subsequent terms.

land use rights are transferable and may be used as security for borrowings and other obligations.

LEGAL PROCEEDINGS

Not Applicable.

MINE SAFETY DISCLOSURES

Not applicable.

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