Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s
Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
Market Information
Our common stock is traded
on the OTC QB tier of OTC Market Group LLC’s Marketplace under the symbol “PNYG.” As of March 27, 2026, there
were 11,500,000 shares of common stock outstanding.
The OTC Market is a network
of security dealers who buy and sell stock. The dealers are connected by a computer network that provides information on current “bids”
and “asks,” as well as volume information. The trading of securities on the OTCQB is often sporadic and investors may have
difficulty buying and selling our shares or obtaining market quotations for them, which may have a negative effect on the market price
of our common stock.
The following table sets
forth, for the periods indicated the high and low bid quotations for our common stock. These quotations represent inter-dealer quotations,
without adjustment for retail markup, markdown, or commission and may not represent actual transactions.
Fiscal Year 2025
High
Low
First Quarter (January 1, 2025 - March 31, 2025)
$ 0.59
$ 0.21
Second Quarter (April 1, 2025 - June 30, 2025)
$ 0.40
$ 0.14
Third Quarter (July 1, 2025 - September 30, 2025)
$ 0.41
$ 0.15
Fourth Quarter (October 1, 2025 - December 31, 2025)
$ 0.70
$ 0.14
Fiscal Year 2024
High
Low
First Quarter (January 1, 2024 - March 31, 2024)
$ 1.21
$ 1.00
Second Quarter (April 1, 2024 - June 30, 2024)
$ 1.21
$ 0.25
Third Quarter (July 1, 2024 - September 30, 2024)
$ 4.99
$ 1.01
Fourth Quarter (October 1, 2024 - December 31, 2024)
$ 4.99
$ 0.22
Dividend
We have never declared or
paid cash dividends on our shares. We do not have any present plan to pay any cash dividends on our common stock in the foreseeable future.
We currently intend to retain most, if not all, of our available funds and any future earnings to operate and grow our business.
Our board of directors will
have the discretion to declare and pay dividends in the future, subject to applicable PRC regulations and restrictions. The Wholly-Foreign
Owned Enterprise Law (1986), as amended, and the Wholly-Foreign Owned Enterprise Law Implementing Rules (1990), as amended, and the Company
Law of the PRC (2006), as amended, contain the principal regulations governing dividend distributions by wholly foreign owned enterprises.
Under these regulations, wholly foreign owned enterprises may pay dividends only out of their accumulated profits, if any, determined
in accordance with PRC accounting standards and regulations. Additionally, such companies are required to set aside a certain amount
of their accumulated profits each year, if any, to fund certain reserve funds until such time as the accumulated reserve funds reach
and remain above 50% of the registered capital amount. These reserves are not distributable as cash dividends except in the event of
liquidation and cannot be used for working capital purposes. Furthermore, if our subsidiaries and affiliates in China incur debt on their
own in the future, the instruments governing the debt may restrict its ability to pay dividends or make other payments. If we or our
subsidiary and affiliates are unable to receive all of the revenues from our operations through the current contractual arrangements,
we may be unable to pay dividends on our common stock.
Recent Sales of Unregistered Securities
None
Item 6. [Reserved]
Not required for smaller reporting companies.
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.