−Removed: Our primary facilities, which are owned except where otherwise indicated,
−Removed: are as follows:
+Added: Our primary facilities, which are owned except
+Added: where otherwise indicated, are as follows:
Approximate Size
4 unchanged sentences
Land Use Rights Obtained
−Removed: Jingshan Sanhe Luckysky**
+Added: Jingshan Sanhe **
Jingshan City, Hubei Province, PRC
2 unchanged sentences
Land Use Rights Obtained
−Removed: Anhui Ansheng***
−Removed: Xuan City, Anhui Province, PRC
−Removed: Land Use Rights Obtained
Shandong Yunchu****
Qingdao City, Shandong Province
−Removed: a VIE in May 2019 and became a subsidiary in August 2021.
−Removed: a subsidiary in September 2021.
−Removed: *** Became a VIE in 2021.
+Added: Became a VIE in May 2019 and became a subsidiary in August 2021.
+Added: Became a subsidiary in September 2021.
+Added: Became a VIE in July 2021.
Become a subsidiary in December 2021.
−Removed: In the aggregate, we currently have land use rights to, or lease,
−Removed: 5 properties with approximately 155,586.16 square meters, consisting of manufacturing facilities and office buildings for future expansion.
+Added: In the aggregate, we currently have land use rights
+Added: to, or lease, 4 properties with approximately 104,219.16 square meters, consisting of manufacturing facilities and office buildings for
+Added: 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
−Removed: are permitted to acquire land use rights for specific purposes.
−Removed: In the case of land used for industrial purposes, the land use rights
−Removed: are granted for a period of up to 50 years.
−Removed: This period may be renewed at the expiration of the initial and any subsequent terms.
−Removed: land use rights are transferable and may be used as security for borrowings and other obligations.
+Added: and companies are permitted to acquire land use rights for specific purposes.
+Added: In the case of land used for industrial purposes, the land
+Added: use rights are granted for a period of up to 50 years.
+Added: This period may be renewed at the expiration of the initial and any subsequent
+Added: Granted 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.