UNIVERSAL ELECTRONICS INC 10-K

ITEM 2. PROPERTIES Our global headquarters is located in Scottsdale, Arizona. We utilize the following facilities: Location Purpose or Use Square Feet Status Scottsdale, Arizona Corporate headquarters, engineering, research and development 25,106 Leased, expires February 27, 2027 Hong Kong, PRC Asian headquarters 6,550 Leased, expires July 31, 2028 Enschede, Netherlands European headquarters and call center 19,440 Leased, expires February 28, 2029 Bangalore, India Engineering, research and development 21,326 Leased, expires June 30, 2025 Carlsbad, California Engineering, research and development 30,758 Leased, expires December 31, 2027 Plymouth, Minnesota Engineering, research and development 5,275 Leased, expires March 31, 2028 Poway, California Engineering, research and development 7,891 Leased, expires December 31, 2025 Santa Ana, California Engineering, research and development 18,420 Leased, expires November 30, 2027 Suzhou, PRC Engineering, research and development 5,705 Leased, expires December 31, 2025 Hai Duong, Vietnam Manufacturing facility 124,776 Leased, expires December 1, 2034 Manaus, Brazil Manufacturing facility 56,120 Leased, expires August 19, 2025 Monterrey, Mexico Manufacturing facility 61,296 Leased, expires April 15, 2029 Yangzhou, PRC (1) Manufacturing facility 1,247,688 Land leased, expires July 31, 2055 Yangzhou, PRC Manufacturing facility 77,888 Leased, expires October 31, 2025 Guangzhou, PRC Service center 26,850 Leased, expires April 14, 2026 (1) Private ownership of land in mainland PRC is not allowed. All land in the PRC is owned by the government and cannot be sold to any individual or entity. These facilities were developed on land which we lease from the PRC government. In addition to the facilities listed above, we lease space in various international locations, primarily for use as sales offices. Upon expiration of our facilities leases, we believe we will obtain lease agreements under similar terms; however, there can be no assurance that we will receive similar terms or that any offer to renew will be accepted. We currently believe that our manufacturing, engineering, and research and development facilities are suitable and adequate for our continued needs. We will continue to assess the suitability and adequacy of these facilities to meet both our current needs, as well as our expected future requirements. See "ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA — Notes to Consolidated Financial Statements — Note 8" for additional information regarding our obligations under leases.