−Removed: Our primary facilities, which are owned except where otherwise indicated, are as follows:
+Added: Our primary facilities, which are owned except where otherwise indicated,
+Added: are as follows:
Approximate Size
−Removed: Owned or Leased
(Square Meters)
−Removed: Taishan Muren *
−Removed: Taishan, Guangdong, PRC
−Removed: Luotian Lorain **
−Removed: Luotian County,
−Removed: Hubei Province, PRC
−Removed: Shandong Greenpia **
−Removed: Junan County,
−Removed: Shandong Province, PRC
−Removed: * Acquired in September 2018.
−Removed: ** Operations discontinued in December 2018.
−Removed: In the aggregate, we currently have land use rights to, or lease, 3 properties with approximately 97,083 square meters, consisting of manufacturing facilities and office buildings for future expansion.
+Added: Owned or Leased
+Added: Xianning Bozhuang *
+Added: Xianning City, Hubei Province, PRC
+Added: Land Use Rights Obtained
+Added: Jingshan Sanhe **
+Added: Jingshan City, Hubei Province, PRC
+Added: Jilin Chuangyuan ***
+Added: Meihekou City, Jilin Province, PRC
+Added: Land Use Rights Obtained
+Added: Anhui Ansheng***
+Added: Xuan City, Anhui Province, PRC
+Added: Land Use Rights Obtained
+Added: Shandong Yunchu****
+Added: Qingdao City, Shandong Province
+Added: a VIE in May 2019 and became a subsidiary in August 2021.
+Added: a subsidiary in September 2021.
+Added: *** Became a VIE in July 2021.
+Added: **** Become a subsidiary in December 2021
+Added: In the aggregate, we currently have land use rights to, or lease,
+Added: 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.
−Removed: Individuals and companies are permitted to acquire land use rights for specific purposes.
−Removed: In the case of land used for industrial purposes, the land use rights are granted for a period of up to 50 years.
+Added: Individuals and companies
+Added: are permitted to acquire land use rights for specific purposes.
+Added: In the case of land used for industrial purposes, the land use rights
+Added: 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.
−Removed: Granted land use rights are transferable and may be used as security for borrowings and other obligations.
+Added: land use rights are transferable and may be used as security for borrowings and other obligations.
LEGAL PROCEEDINGS
3 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.