14 unchanged sentences
Profits retained from prior fiscal years may be distributed together with distributable profits from the current fiscal year.
+Added: As of March 31, 2023, the total respective registered capital of all the Company’s direct subsidiaries was approximately RMB492 million (approximately $71.6 million).
+Added: And as of March 31, 2023, all the Company’s subsidiaries incorporated in the PRC have suffered accumulated loss and the Company concluded those subsidiaries did not have abilities to transfer a portion of their net assets to the Company either in the form of dividends, loans or advances.
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.
3 unchanged sentences
The plan permits the grant of nonqualified stock options, incentive stock options, restricted stock, restricted stock units (“RSUs”), stock appreciation rights, stock bonus awards, and performance compensation awards.
−Removed: As of the date of this Report, an aggregate of 12,727 (127,273 pre reverse split) RSUs were issued and 9,545 (95,457 pre reverse split) RSUs shall be vested but have not been issued under the plan.
+Added: In March 2023, our annual meeting of stockholders for the year ended March 31, 2022 further approved the amendment to the 2018 Equity Incentive Plan, to increase the number of shares of common stock reserved under the Plan to 1,500,000 shares.
+Added: As of the date of this Report, an aggregate of 29,630 RSUs were issued and 3,182 RSUs were vested but have not been issued under the plan.
The following table provides information as of March 31, 2023 with respect to the shares of our common stock that may be issued under our existing equity incentive plan:
12 unchanged sentences
2018 Equity Incentive Plan
−Removed: 183,099 (1,830,985 pre-reverse stock split)
Purchases of Our Equity Securities
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.