Item 2. Properties
Item 2.
Properties
We currently maintain our
principal executive offices at 16F, Shihao Square, Middle Jiannan Blvd., High-Tech Zone, Chengdu, Sichuan, People’s Republic of
China 610000, comprising an aggregate of 965 and 380 square meters under lease agreements that expire in March 2023 and February 2026,
respectively. The cost for these offices is approximately $13,600 per month in aggregate.
We maintain another six offices
for our Automobile Transaction and Related Services and Online Ride-hailing Platform Services in the cities of Chengdu, Changsha and Guangzhou,
China. The total area of our Chengdu offices is approximately 2,907 square meters. We lease those offices for a total monthly rent of
approximately $6,900 under two lease agreements that expire in August 2024 and December 2023, respectively. The total area of
the offices in Changsha is 680 square meters. We lease those offices for a total monthly rent of approximately $3,900 under two lease
agreements that expire in October 2023 and July 2021, respectively. The total area of the offices in Guangzhou is 541 square
meters. We lease those offices for a total monthly rent of approximately $5,100 under two lease agreements that expire in March 2024
and March 2022, respectively.
We also lease three parking
lots for automobiles in Chengdu, Changsha and Guangzhou and an exhibition hall in Changsha, with total areas of 8,425 square meters. The
monthly rent for these parking lots and the exhibition hall is approximately $4,800 in the aggregate and approximately $6,300, respectively.
We consider our current facilities
adequate for our current operations.
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