What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2026-04-13 compared with 2025-09-11 · 38 added, 42 removed, 70 unchanged (53% of the section changed)

31 unchanged sentences

October 31, 2026 and we believe it can be renewed on commercially reasonable terms.

We also lease 30,879.3 sq.m facility with three

manufacturing wards for principal manufacturing operations in Shigao Town, Renshou ,County, Meishan City, Sichuan Province, China, at

which production of, assembly, packaging, warehousing of our touchscreen products.

We believe these facilities are adequate to meet our

current production requirements and provide room for moderate expansion.

In addition, space of 1069.6 sq.

m in Shigao Town,

Renshou County, Meishan City, Sichuan Province, China was used for testing and experimenting of samples and products by our engineering

We also lease 30,879.3

sq.m facility with three manufacturing wards for principal manufacturing operations in Shigao Town, Renshou, County, Meishan City,

Sichuan Province, China, at which production of, assembly, packaging, warehousing of our touchscreen products.

We believe these

facilities are adequate to meet our current production requirements and provide room for moderate expansion.

In addition, space of 1069.6

m in Shigao Town, Renshou County, Meishan City, Sichuan Province, China was used for testing and experimenting of samples and products

by our engineering teams.

None of our properties are subject to material encumbrances

29 unchanged sentences

bonus of RMB15.0 million ($2.1 million).

In order to minimize the interruption

to our business, Sichuan Vtouch entered into a Leaseback Agreement with Sichuan Renshou on March 16, 2021.

The Leaseback Agreement entitles

us to lease back the Properties commencing from April 1, 2021 until December 31, 2021, at a monthly rent of RMB300,000 (approximately

$46,154), which period was extended to October 31, 2022.

On October 16, 2022, October 30, 2023, Sichuan Vtouch twice entered an extension

to the Leaseback Agreement with Sichuan Renshou to extend the period it granted Sichuan Vtouch to lease back the Properties until October

31, 2024, at a monthly rent of RMB 400,000 ($56,339).

On August 9, 2024, in order to incorporate the new facility construction schedule,

the lease was renewed and extended till October 31, 2025, with a monthly rent of RMB 400,000 ($54,800).

In order to minimize the

interruption to our business, Sichuan Vtouch entered into a Leaseback Agreement with Sichuan Renshou on March 16, 2021.

Leaseback Agreement entitles us to lease back the Properties commencing from April 1, 2021 until December 31, 2021, at a monthly

rent of RMB300,000 (approximately $42,899), which period was extended to October 31, 2022.

On October 16, 2022, October 30, 2023,

August 9, 2024, and September 29, 2025, Sichuan Vtouch entered an extension to the Leaseback Agreement with Sichuan Renshou four

times to extend the period to lease back the Properties until October 31, 2026 at a monthly rent of RMB 400,000 ($57,199) in order

to incorporate the new facility construction schedule

New Facilities

5 unchanged sentences

We are in the process of obtaining

the certificate of land use right for the new parcel and expect to receive the certificate from the local government in the first quarter

On July 27, 2021, Sichuan

Vtouch and Sichuan Chunqiu Development and Construction Group Co., Ltd.

entered into a construction contract for a project to build the

capacitive touchscreen and touch machine research and development production base.

The project was initially scheduled to commence on

August 15, 2021, and reach completion by August 15, 2022, with a provisional contract value of RMB76,000,000 (approximately $11.9 million),

subject to adjustment based on the final completion settlement.

However, the construction project was subsequently suspended due to the

outbreak of Covid-19 and government-ordered shutdowns in China.

As a result, the parties have agreed to extend the term of the contract

to December 31, 2024.

On April 11, 2025, Sichuan Vtouch entered into a supplemental construction contract with Sichuan Chunqiu Development

& Construction Group Co.

for an additional consideration of RMB 4,633,118 (equivalent to $0.6 million) regarding the completion

of the Company’s facility construction project on the capacitive touchscreen and touch machine research and development, which extended

the original contract term to December 31, 2025.

As of the date of this Annual Report, we estimate that our capital needs for this acquisition

and construction will be approximately RMB170.0 million (approximately $26.2 million), but there is no assurance that the estimated amount

is sufficient to achieve our goals.

We may need additional financing for our new facilities.

In addition, we expect that this the construction

of buildings and affixtures will be completed by end of 2025 and our production at the new facilities will commence in the second half

of 2026, but there is no assurance and we may need extended time to achieve our business plan.

the certificate of land use right for the new parcel and expect to receive the certificate from the local government by the first half

On July 27, 2021, Sichuan Vtouch and Sichuan Chunqiu Development and

Construction Group Co., Ltd.

entered into a construction contract for a project to build the capacitive touchscreen and touch machine

research and development production base.

The project was initially scheduled to commence on August 15, 2021, and reach completion by

August 15, 2022, with a provisional contract value of RMB76,000,000 (approximately $10.9 million), subject to adjustment based on the

final completion settlement.

However, the construction project was subsequently suspended due to the outbreak of Covid-19 and government-ordered

shutdowns in China.

As a result, the parties have agreed to extend the term of the contract to December 31, 2024.

On April 11, 2025, Sichuan

Vtouch entered into a supplemental construction contract with Sichuan Chunqiu Development & Construction Group Co.

for an additional

consideration of RMB 4,633,118 (equivalent to $0.7 million) regarding the completion of the Company’s facility construction project

on the capacitive touchscreen and touch machine research and development, which extended the original contract term to December 31, 2025.

As of the date of this Annual Report, we estimate that our capital needs for this acquisition and construction will be approximately RMB253

million (approximately $36.2 million), but there is no assurance that the estimated amount is sufficient to achieve our goals.

need additional financing for our new facilities.

In addition, we expect that this the construction of buildings and affixtures will be

completed by end of first half of 2027 and our production at the new facilities will commence by the end of 2027, but there is no assurance

and we may need extended time to achieve our business plan.

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.

What changed 10-K

Item 2. Properties