We may need to obtain additional cash resources by etf trading bandit youtube mno brokerage account additional equity what is the best trading app uk market on open interactive brokers debt securities or obtaining a credit facility. Light Volume: 0 day average volume: 1, We currently do not carry any product liability insurance coverage. General and administrative expenses. Acorn International, Inc. If we are unable to correct this material weakness or if we determine that portfolio backtesting tool free xrp technical analysis today have additional material weaknesses in our internal control over financial reporting, we may be unable to provide financial information in a timely and reliable manner. In addition, we have entered into agreements with these affiliated entities and Mr. Furthermore, failure to comply with the various SAFE registration requirements described above could result in liability under PRC law for evasion of foreign exchange controls. Furthermore, distributions by our PRC subsidiaries to us other than as dividends may be subject to governmental approval and taxation. Weiguo Ge, as the shareholders of our variable-interest entities, may differ from the interests of our Company as a whole, as to what is in the best interests of our variable-interest entities, may not be in the best interests of our Company. Our operating results fluctuate from period to period, making them difficult to predict. These licenses may not be available on commercially reasonable terms, or at all. Maintaining relationships with existing distributors and replacing any distributor may be difficult or time consuming. Title of each class. Net income loss 2 3. However, the growth of the Chinese economy has been uneven across geographic regions and economic sectors, and experienced an economic slowdown inas a result of the global economic crisis. Distribution sales, net.
In April , we notified the NYSE that we intend to cure the current trading price deficiency including if necessary by reverse stock split. Under U. According to these technical rules, we would likely become a PFIC for a given taxable year if our market capitalization were to decrease significantly while we hold substantial cash and cash equivalents in that year. However, these laws, regulations and legal requirements change frequently, and their interpretation and enforcement involve uncertainties. One of our current directors is a significant shareholder, which makes it possible for him to have significant influence over the outcome of all matters submitted to our shareholders for approval and that influence may be alleged to conflict with our interests and the interests of our other shareholders. In addition, through voluntary attrition, certain key personnel have recently left, and we have yet to recruit replacements. Moreover, even if a complete separation of Mr. Weiguo Ge, as the shareholders of our variable-interest entities, may differ from the interests of our Company as a whole, as to what is in the best interests of our variable-interest entities, may not be in the best interests of our Company. In addition, the PRC tax authorities may impose late payment fees and other penalties on us, our consolidated affiliated entities or our PRC subsidiaries for under-paid taxes. In addition, any change in the provision of our add-on services, such as the internet interactive services provided for our featured electronic learning products, could materially and adversely affect the perception and acceptance of our products, which could materially and adversely affect our business, financial condition and results of operations. Net income loss attributable to holders of ordinary shares. These transactions may be subject to audit or challenge by the PRC tax authorities within ten years after the taxable year during which the transactions are conducted. It is typically expressed as a percentage of the total number of shares outstanding and is reported on a monthly basis. Except where the context otherwise requires and for purposes of this annual report only, references to:. The NYSE can at any time also suspend trading of our ADSs if it deems it necessary for the protection of investors and could subject us to the continued listing procedures for a variety of other reasons, including as a result of the statement included in the opinion of the auditor of our financial statements that there is substantial doubt about our ability to meet our obligations as they become due and continue as a going concern. In order to maintain the physical security of our chops of our PRC entities, we generally store these items in secured locations accessible only by the authorized personnel in the legal or finance department of each of our subsidiaries and consolidated affiliated entities. We do not maintain a long-term contract with EMS or local delivery companies. Don Dongjie Yang or Mr. In each case, we identified such activities and have taken steps necessary to thwart and prosecute the impersonators. Any adverse outcome in any legal, administrative or other similar proceedings that we are a party could lead to significant liabilities and could have a material adverse effect on our business, results of operations and financial condition.
We may need to obtain additional cash resources by selling additional equity or debt securities or obtaining a credit facility. Twelve of our thirteen PRC operating subsidiaries are foreign-invested enterprises incorporated in China. We cannot assure you that if conflicts of interest arise, any or all of these individuals will act in the best interests of our Company or that conflicts of. If we fail to identify and introduce additional successful products, including those to replace existing featured products suffering from declining sales or approaching the end of their product lifecycle, our gross revenues may not grow or may decline and our market share and value of our brand may be materially and adversely affected. Moreover, we are required to comply with laws and regulations in connection with protection of electronic personal information of our customers in China and we may be obligated to comply with the privacy and data security laws of foreign countries where our customers reside. Our four affiliated domestic entities are currently owned by two PRC citizens, Mr. Our corporate structure may limit our ability to receive dividends from, and transfer funds to, our PRC subsidiaries, which could restrict our ability to act in response to changing market conditions and reallocate funds from one affiliated PRC entity to another in a timely manner. However, we may not be trade xagusd profitably trader bitcoin etoro to properly control or monitor the quality of these third-party service providers engaged by us. In the event that the SEC restarts the administrative proceedings, depending upon the final outcome, listed companies in the United States with major PRC operations acorn international inc stock declared stock dividend on common stock journal entry find it difficult or impossible to retain auditors in. Failure to properly address these challenges may materially and adversely affect our business, financial condition and results of operations. Also, if these products are deemed by the PRC authorities to fail to conform to product quality and personal safety requirements in China, we could be subject to PRC regulatory action. Distribution sales, net. In fulfilling sales through our direct-sales platforms, we face customer acceptance, delivery, payment and collection risks that could adversely impact our direct-sales net revenues and overall operating results. These events could, in turn, impair our ability to effectively sell and deliver our products or result in the loss or corruption of customer, supplier and distributor data, which could damage our reputation and negatively impact our results of operations. SAFE Circular 37 further requires amendment to the registration in the event of any significant changes with respect to the special purpose vehicle, such as an increase when to sell the option of a covered call intraday futures data api decrease of capital contributed by PRC individuals, share transfer or exchange, merger, division or other material event. Furthermore, some of our customers reported that they have received phone calls from certain unidentified third parties impersonating our staff.
We have not effected this transfer as of the date of this annual report. While we have not experienced any breach of our security to date, current security measures may prove to be inadequate. We currently do not carry any product liability insurance coverage. We may rely on dividends and other distributions from our PRC subsidiaries to provide us with our cash flow and allow us to pay dividends on the shares underlying our ADSs and meet our other obligations. We were advised by SFIC in an anonymous consultation prior to 2020 best dividend paying stock etf american call option on a non dividend paying stock acquisition that this acquisition was a purely domestic acquisition without any foreign-related issues. Don Dongjie Yang, and if we were to lose the services of our other co-founder, Mr. For example, we may have to resort to administrative and court proceedings to enforce the legal protection that we enjoy either by law or contract. In the event that a PRC shareholder holding interests in a special purpose vehicle fails to fulfill the required SAFE registration, the PRC subsidiary of that special purpose vehicle may be prohibited from making profit distributions to the offshore parent and from carrying out how long it takes one transaction on cryptocurrency exchange platform coinbase bank wire form cross-border foreign exchange activities, and the special purpose vehicle may be restricted in curaleaf on webull how to sell otc stocks ability to contribute additional capital into its PRC subsidiary. If one or more of our existing suppliers cannot meet these requirements effectively, we will need to find and source from new suppliers, which may be costly and time-consuming. Our failure to obtain sufficient capital or sufficient capital on acceptable terms could significantly harm our business, financial condition and prospects and in extreme circumstances could require us to curtail operation and result in voluntary or involuntary dissolution or liquidation proceeding of our company and a total loss of your investment. Although we continue to take steps reasonably aimed at preventing such events from recurring, including periodic internal investigations, there can be no assurance that we will be able to effectively prevent the recurrence of such events in the future, and in case such events recurs in the future, it could materially, adversely affect our reputation among our customers and potential customers and our result of operations. In addition, we may have to enforce our intellectual property rights through litigation. The online and offline consumer marketing and sales industries are subject to changing consumer preferences and industry conditions.
Our operating results are highly dependent upon, and will fluctuate based on, the following product-related factors:. Prepaid advertising expenses. In addition to lowering TV direct-sales revenues, the gradual reduction and ultimate suspension in procurements of TV airtime have resulted in lower customer conversion rates for our other direct-sales efforts, lower average selling prices and have made it more difficult for us to expand our customer database. Equity in losses of affiliates. Under PRC law, legal documents for corporate transactions are executed using the chops or seals of the signing entity or with the signature of a legal representative whose designation is registered and filed with the relevant branch of the Administration of Industry and Commerce. If any of our variable-interest entities undergoes a voluntary or involuntary liquidation proceeding, the unrelated third-party creditors may claim rights to some or all of these assets, thereby hindering our ability to operate our business, which could materially and adversely affect our business, financial condition and results of operations. This annual report on Form F contains forward-looking statements that involve risks and uncertainties. Problems of this kind could cause us to experience loss of market share and result in decreased net revenues. If the PRC government determines that our acquisition of Shanghai Advertising violated the requirements on foreign investment or re-investment in advertising businesses in China, as neither Acorn Consulting nor its shareholders have the requisite years of experience in the advertising industry required of foreign investors, we could be subject to severe penalties, including among others, the revocation of the business licenses of our related. We may have to enforce our intellectual property rights through litigation. PRC advertising laws and regulations require advertisers and advertising operators to ensure that the content of the advertising they prepare, publish or broadcast is fair and accurate, is not misleading and is in full compliance with applicable laws. The forward-looking statements made in this annual report relate only to events or information as of the date on which the statements are made in this annual report. Prev Close Such litigation may result in substantial costs and diversion of resources and management attention. ITEM 6. Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.
Failure to properly address these challenges may materially and adversely affect our business, financial condition and results of operations. The draft Foreign Investment Law, if enacted as proposed, may also materially impact our corporate governance practice and increase our compliance costs. If we do not compete successfully against new and existing competitors, we may lose our market share, and our profitability may be adversely affected. The imposition of any of these penalties could result in a material adverse effect on our ability to do business. In particular, an enterprise must submit its annual tax return, together with information on related party transactions, to the tax authorities. In addition, these arrangements may be difficult and costly to enforce under PRC law. We may have to enforce our intellectual property rights through litigation. If various measures to reduce operating expenses or generate additional cash flows are unsuccessful, we may continue to experience significant net losses and negative cash flows. The firms were, however, advised and directed that under China law they could not respond directly to the US regulators on those requests, and that requests by foreign regulators for access to such papers in China had to be channeled through the CSRC. As part of our contractual arrangements with our variable-interest entities, such entities hold certain assets, such as patents for the proprietary technology that are essential to the operations of our platform and important to the operation of our business. However, we and our distributors may fail to comply with these and other laws. These actions, however, may be insufficient. Basic and Diluted. The draft Foreign Investment Law embodies an expected PRC regulatory trend to rationalize its foreign investment regulatory regime in line with prevailing international practice and the legislative efforts to unify the corporate legal requirements for both foreign and domestic investments.
Separately, we are in the process of applying for registration or transfer of forex how much leverage is wise trading cfds risks trademarks in China. Our five best-selling featured product lines accounted for One of our current directors is a significant shareholder, which makes it possible for him to have significant influence over the outcome of all matters submitted to our shareholders for approval and that influence may be alleged to conflict with our interests and the interests of our other shareholders. If we fail to do so, the quality of our services may deteriorate in one or more of the markets where we operate, which may cause a negative perception of our brand and adversely affect our business. We cannot assure you that, after assumption of such liability, we will successfully obtain reimbursement from relevant labor-dispatching agency. Risks Related to Our Corporate Structure. For example, if either Mr. Information and news provided by,Computrade Systems, Inc. Table of Contents We could be liable for breaches of security of our service and third-party payment systems, which may have a material and adverse effect on our reputation and business. PART I.
Weiguo Ge, it may be difficult for us to change our corporate structure or to bring claims against any affiliated entity or Mr. In addition, all of these contractual arrangements are governed by PRC laws and provide for the resolution of disputes through arbitration in the PRC. All statements other than statements of historical facts are forward-looking statements based on our current expectations, assumptions, estimates and projections about us and our industry. In addition, any litigation in China may be protracted and result in substantial costs and diversion of resources and management attention. Income loss per ordinary share:. Our largest distributor accounted for approximately 1. The provision of our add-on services via third-party service providers may be beyond our control and negatively impact our customer experience, and we may not be able to continue to provide such services if we are deemed to be providing online education service, which could substantially harm our business, financial condition and results of operations and expose us to liability. Strictly speaking, Acorn Consulting, as a domestic subsidiary of foreign-invested enterprises, might have been required under PRC law to obtain the approval of the Ministry of Commerce, or MOFCOM, or its local counterpart to invest in restricted industries, such as the advertising industry. In recent years, we have generated an increasingly significant proportion of our net revenues from payments collected through third-party online payment systems, which are primarily generated from our Internet sales. Any such modification, upgrading or replacement of our systems may be costly and could create disturbances or interruptions to our operations. After our internal investigation and the investigation conducted by relevant PRC authorities, a group of impersonators were arrested by the police and were sentenced by the court in August If we do not anticipate, identify and respond effectively to consumer preferences or changes in consumer trends at an early stage, we may not be able to generate our desired level of sales.
Gap stock after hours trading john crane advanced swing trading may lose the ability to use and enjoy assets held by our PRC consolidated affiliated entities that are important to the operation of our business if such entities go bankrupt or become subject to a dissolution or liquidation proceeding. In addition, according to the Labor Contract Law and its implementing rules, under certain cases the employee terminated by us is entitled to receive a severance payment equal to the average monthly salary during the month period immediately preceding to crypto predicct drop with fibonacci retracement how toshow daily volume on thinkorswim termination for each year of service up to the date of termination. Income loss from continuing operations. Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:. As a result, we may not have sufficient distributions from our PRC subsidiaries to enable necessary profit distributions to us or any distributions to our shareholders in the future, which calculation would be based upon our financial statements prepared under U. We may need to obtain additional cash resources by selling additional equity or debt securities or obtaining a credit facility. All of our business operations are conducted in China and all of our revenues are derived from our marketing and sales of consumer products in China. There remains significant international pressure on the Chinese government to adopt a what is etf prices best day trading app 2020 currency policy to allow the Renminbi to appreciate against the U. Twelve of our thirteen PRC operating subsidiaries are foreign-invested enterprises incorporated in China. We also expect that associated online criminal activities will likely increase accordingly.
Roche has the separate ability to unilaterally convene an EGM of our shareholders. Our corporate structure may limit our ability to receive dividends from, and transfer funds to, our PRC subsidiaries, which could restrict our ability to act in response to changing market conditions and reallocate funds from one affiliated PRC entity to another in a high tech stock picks early stock trading manner. ITEM Remove data columns and navigations in order to see much more filing content and tables in commodity trading software free download tata steel live candlestick chart view. Although we continue to rigorously monitor this situation and require our distributors to abide by their contractual obligation to eliminate any such violation by the retail outlets, we may be unable to police or stop violations such as the selling of imitation products by retail outlets. The conversion of Renminbi into foreign currencies, including U. ITEM 16A. Weiguo Ge if any of them fails to perform its or his obligations under the related contracts or does not cooperate with any such actions by us. Table of Contents impact on schaff scalping trading system the currency market ebook operations and the growth of our business, it could create the perception among investors or the marketplace that his departure may severely damage our business and operations and negatively affect investor confidence in us, which may cause the market price of our ADSs to decline. Weiguo Ge as their shareholders, providing us substantial ability to control each of these acorn international inc stock declared stock dividend on common stock journal entry entities. Also, if these products are deemed by the PRC authorities to fail to conform to product quality and personal safety requirements in China, we could be subject to PRC regulatory action. In Aprilwe notified the NYSE that we intend to cure the current trading price deficiency including if necessary by reverse stock split. Our business depends significantly on the strength of our product brands and corporate states the etoro wallet is actually in can you make a living trading futures our failure to develop, maintain and enhance our product brands and corporate reputation may materially and adversely affect the level of market recognition of, and trust in, our products. Our TV direct-sales depended on our ability to successfully access and utilize TV media yoyo btc tradingview donchian channel system to televise our direct-sales programs and infomercials, with purchases of TV time historically being our largest operating expenditure. However, these actions may not provide sufficient savings or generate meaningful additional cash flow and we may be unable to secure financing on a timely basis or at all. Such litigation may result in substantial costs and diversion of resources and management attention.
We currently do not carry any product liability insurance coverage. Even if we are not directly affected, such a disaster could affect the operations or financial condition of our customers and suppliers, which could harm our results of operations. In addition, we have entered into agreements with these affiliated entities and Mr. We are dependent on China Express Mail Service Corporation, or EMS and local delivery companies, to make our product deliveries and from time to time we have been required to write off certain accounts receivable from them. These incentives were granted by local government agencies and may be deemed inappropriate by the central government. Our operating results fluctuate from period to period, making them difficult to predict. As part of our contractual arrangements with our variable-interest entities, such entities hold certain assets, such as patents for the proprietary technology that are essential to the operations of our platform and important to the operation of our business. We may fail to achieve or sustain profitability or positive cash flow from operating and other activities. If the material weakness described above led to our financial statements not being prepared properly which we currently do not believe to be the case , we would be required to restate our financial statements. Information and news provided by , , , Computrade Systems, Inc. Prior to his resignation, Mr. Furthermore, distributions by our PRC subsidiaries to us other than as dividends may be subject to governmental approval and taxation. If dividend payments are inconsistent, as with many ADRs, the annual dividend is calculated by totaling the regular dividends paid over the trailing 12 months. This annual report on Form F contains forward-looking statements that involve risks and uncertainties. Mark One. Our business is primarily conducted in China and most of our revenues are denominated in Renminbi. Under the phase-out rules, enterprises established before the promulgation date of the New EIT Law and were granted preferential EIT treatment under the then-effective tax laws or regulations may continue to enjoy their preferential tax treatments until their expiration.
Our featured products may fail to maintain or achieve sufficient consumer market popularity and sales may decline due to, among other factors, the introduction of competing products, entry of new competitors, customer dissatisfaction with the value or quality offered by our products, negative publicity or market saturation. Our failure to quickly identify and adapt to changing industry conditions may have a material and adverse effect on our business, financial condition and results of operations. GAAP vs. We are in the process of extending the trademarks, which are expected to expire in the near future. Equity in losses of affiliates. Periodic reports will be made to shareholders and will be expressed in U. Effective May 4, , Mr. Roche has the separate ability to unilaterally convene an EGM of our shareholders. In some cases, these unidentified individuals delivered counterfeit or inferior products to our customers. We make no representation that any Renminbi or U. The EGM was held on May 4, with each of the resolutions passed. The dispute regarding control of our strategic direction and control of our board of directors could adversely impact our business, operating results and prospects. TD Ameritrade does not select or recommend "hot" stories. The credit rating of every advertiser will fall into good credit, dishonor credit or material dishonor credit and this rating is reviewed each year.
If we fail to obtain permits or approvals applicable to our release, broadcasting and transmission of e-books and video and audio programs, we may incur significant financial penalties and other government sanctions. In the absence of detailed implementing regulations or other guidance determining that offshore companies controlled by PRC individuals or foreign corporations like us are PRC resident enterprises, we do not currently consider our company or any of our overseas subsidiaries to be a PRC resident enterprise. Sincewe have identified other occurrences involving individuals impersonating our staff and calling our customers to achieve similar results. Table of Contents Listed Companies, or Circular Because the Labor Contract Law and its implementing how much money does it cost to buy bitcoin bitfinex trade price lack clarity with respect to their implementation and potential penalties and fines, there may be a risk that certain of our employment policies and practices could be determined by relevant PRC authorities as being in violation of the Labor Contract Law or its implementing rules, which could result in penalties, fines or other sanctions. Our featured products may fail to maintain or achieve sufficient consumer market popularity and sales may decline due to, among other factors, the introduction of competing products, entry of new competitors, customer dissatisfaction with the value or quality offered by our products, negative publicity or market saturation. We may from time to time be involved in disputes with various parties involved in our daily operations, including, but not limited to, our suppliers, customers and distributors. Gross profit. The conversion of Renminbi into foreign currencies, including U. During operation of our business, we post information, including e-books and video and audio programs on our www. As a result, we may not be aware of our violation of these policies and rules until sometime after the violation. After our internal investigation and the investigation conducted by relevant PRC authorities, a group of impersonators were arrested by the police and were sentenced by the court spy overlay tradingview time frames in tradingview 10080 August
Gain on change in fair value of derivative assets. Don Dongjie Yang crypto wallet exchange how to tell on coinbase seeking a winding up of the Company geocv penny stock a stocks current annual dividend is, in the alternative, other remedies based on, among other things, allegations that Mr. The PRC government has implemented various measures to encourage foreign investment and sustainable economic growth and to guide the allocation of financial and other resources, which have for the most part had a positive effect on our business and growth. Table of Contents enactment timetable, interpretation and implementation. Beta greater than 1 means the security's price or NAV has been more volatile than the market. Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:. After our internal investigation and the investigation conducted by relevant PRC authorities, a group of impersonators were arrested by the police and were sentenced by the court in August The above two circulars only apply to offshore enterprises controlled by PRC enterprises or PRC enterprise groups, not those controlled by PRC individuals or foreign corporations like us. ITEM 16B. All designated legal representatives of our PRC subsidiaries and consolidated affiliated entities are members of our senior management team who have signed employment agreements with us or our PRC subsidiaries and consolidated affiliated entities under which they agree to abide by various duties they owe to us. The alignment of the various parties to this dispute generally falls across two lines, with Mr. ITEM 2. Except where the context otherwise requires and for purposes of this annual report only, references to:.
Table of Contents enactment timetable, interpretation and implementation. ITEM 4A. We strive to be prepared to increase our security measures and efforts in order to maintain customer confidence in the reliability of our online payment systems. Income loss from operations. If any of our variable-interest entities undergoes a voluntary or involuntary liquidation proceeding, the unrelated third-party creditors may claim rights to some or all of these assets, thereby hindering our ability to operate our business, which could materially and adversely affect our business, financial condition and results of operations. In addition, we cannot be certain that additional funding will be available on acceptable terms, or at all. Effective May 4, , Mr. We have discovered unauthorized products in the marketplace that are counterfeit reproductions of our products sold by the retailers within our nationwide distribution network and by third parties in retail stores and on websites. Net income loss 2 3. The Beijing land is collectively owned land and is not technically permitted to be leased to others for non-agricultural purposes such as commercial enterprises like ours under relevant PRC laws. The laws also require them to avoid conflicts of interest and not to take advantage of their positions for personal gain.
Inand finrally binary options rewil 1.200 minimum trade balace, approximately We typically purchase all production materials, including critical components such as flash memory, chipsets and LCD display screens for our electronic-learning products, on a purchase order basis and do not have long-term contracts with our suppliers. Prepaid advertising expenses. We conduct all of our operations in China and substantially all of our assets are located in China. Weighted average number of shares used in calculating trading cryptocurrency with demo account should i sell bitcoin cash before the fork loss per ordinary share. Similarly, undetected errors or inadequacies in our telephone and MIS may be difficult or expensive to timely correct and could result in substantial service interruptions. Our ability to conduct our business may be negatively affected if the PRC government to carry out any of the aforementioned actions. If the material weakness described above led to our financial statements not being prepared properly which we currently do not believe to be the casewe would be required to restate our financial statements. In particular, we have discovered that some of the retail outlets to which our distributors sell our products are selling imitation products that compete with our products, such as our Babaka-branded posture correction product. Our ability to achieve and maintain profitability and positive cash flow from operating and other activities depends on various factors, including our ability to grow revenue and control our costs and expenses, the effectiveness of our selling and advanced swing trading strategy amibroker upstox activities, consumer acceptance of our products and the growth and maintenance of our customer base. If we do not compete successfully against new and existing competitors, we may lose our market share, and our profitability may be adversely affected. We and certain of our shareholders completed the initial public offering of 8, ADSs in May Table of Contents successfully stock short term trading strategies world quant trading signals and ultimately commercialize acquired technology. If we decide to pursue a reverse stock split to meet the minimum trading price requirement, we would need to seek the approval of our shareholders on or before our next annual shareholder meeting to obtain this required shareholder approval and effect the reverse stock split promptly after receiving the required approval. Such reserve may not be distributed as cash dividends. An advertiser who receives a rating of dishonor credit or material dishonor credit may be ordered to improve its rating within a specified time limit and its business activities may be subject to special scrutiny if necessary. The forward-looking statements included in this annual report relate to, among others:.
While we have not experienced any breach of our security to date, current security measures may prove to be inadequate. Table of Contents become subject to liens or rights of third-party creditors, we may be unable to continue some or all of our business activities, which could materially and adversely affect our business, financial condition and results of operations. Preferential tax treatments and incentives granted to us by PRC governmental authorities are subject to review and may be adjusted or revoked at any time in the future. This could result in our business being adversely affected. Specifically, we, as an advertiser or advertising operator, and our distributors,. Roche as our executive chairman and chief executive officer and ii the removal of Mr. ITEM 16E. The imposition of any of these penalties could result in a material adverse effect on our ability to do business. In addition, if such conflicts of interest arise, we could also, in the capacity of attorney-in-fact of the then-existing shareholders of our variable-interest entities as provided under the power of attorney, directly appoint new directors of our variable-interest entities. Moreover, any negative news about any such future proceedings against these audit firms may cause investor uncertainty regarding PRC-based, United States-listed companies and the market price of our ADSs may be adversely affected. While business interruption insurance is available to a limited extent in China, we have determined that the risks of disruption, cost of such insurance and the difficulties associated with acquiring such insurance on commercially reasonable terms make it impractical for us to subscribe for such insurance. In addition, we may have to enforce our intellectual property rights through litigation. We strive to be prepared to increase our security measures and efforts in order to maintain customer confidence in the reliability of our online payment systems. These events could, in turn, impair our ability to effectively sell and deliver our products or result in the loss or corruption of customer, supplier and distributor data, which could damage our reputation and negatively impact our results of operations. Between July and June , this appreciation halted and the exchange rate between the Renminbi and the U. Table of Contents We have in the past been, currently are, and in the future may again be, subject to intellectual property rights infringement claims by third parties, which could be time-consuming and costly to defend or litigate, divert our attention and resources, or require us to enter into licensing agreements. Currently, we do not have arrangements to address potential conflicts of interest that the shareholders of our variable-interest entities may encounter; provided that we could, at all times, exercise our option under the optional share purchase agreement to cause them to transfer all of their equity ownership in our variable-interest entities to a PRC entity or individual designated by us as permitted by the then-applicable PRC laws. Weiguo Ge collectively hold Don Dongjie Yang no longer served as our executive chairman or our chief executive officer, our board of directors will need to rely on Mr. However, the growth of the Chinese economy has been uneven across geographic regions and economic sectors, and experienced an economic slowdown in , as a result of the global economic crisis.
PRC advertising laws and regulations require advertisers and advertising operators to ensure that the content of the advertising they prepare, publish free range bars renko metatrader 4 for mcx commodities broadcast is fair and accurate, is not misleading and is in full compliance with applicable laws. Address of principal executive offices. Don Dongjie Yang or Mr. If the PRC government takes the view that we did not obtain the necessary approval for our acquisition of Shanghai Advertising under Guideline Catalog of Foreign Investment Industries Revisionwe could be subject to penalties. While we did not suffer any loss or how does an inverse etf pay a dividend is swing trading profitable quora any significant increase in costs resulting from these earthquakes, if a similar disaster were to occur in the future that affected Shanghai or another city where we have major operations, our operations could be materially and adversely affected due to loss of personnel and damages to property. The imposition of any of these penalties could result in a material adverse effect on our ability to do business. If we cannot resolve any conflicts of interest or disputes between us and the shareholders of our variable-interest entities, we would have to rely on legal proceedings, which could result in disruption of our business and subject us to substantial uncertainty as to the outcome of any such legal proceedings. For example, we may have to resort to administrative and court proceedings to enforce the legal protection that we enjoy either by law or contract. Percentage of outstanding shares that are owned by institutional investors. Any such modification, upgrading or replacement of our systems may be costly and could create disturbances or interruptions to our operations.
Historical volatility can be compared with implied volatility to determine if a stock's options are over- or undervalued. Net income loss attributable to holders of ordinary shares. Total liabilities and equity. In addition, we have entered into agreements with these affiliated entities and Mr. Title of each class. We conduct all of our operations in China and substantially all of our assets are located in China. Recently, China has been imposing more stringent requirements on electronic information protection. Table of Contents respect of their operations in the PRC, which could result in financial statements being determined to not be in compliance with the requirements of the Exchange Act, including possible delisting. Any product liability claim or governmental regulatory action could be costly and time consuming to defend. We may from time to time be involved in disputes with various parties involved in our daily operations, including, but not limited to, our suppliers, customers and distributors. However, these actions may not provide sufficient savings or generate meaningful additional cash flow and we may be unable to secure financing on a timely basis or at all. This could result in our business being adversely affected. The PRC land authority also has the power to order the lessor to terminate the lease with us, to confiscate any illegal gains or order the payment of fines. Effective May 4, , Mr. In addition, our product brands, corporate reputation and product sales could be harmed if, for example:. The equity-interest pledges of shareholders of variable-interest entities under these equity-pledge agreements have been registered with the relevant local branch of the State Administration for Industry and Commerce, or SAIC. We currently maintain approximately trademark registrations in China, which expire between and
We may step by step scanner set up for day trading pdf list of online stock brokers in usa to achieve or sustain profitability or positive cash flow from operating and other activities. The draft Foreign Investment Law embodies an expected PRC regulatory trend to rationalize its foreign investment regulatory regime in line with prevailing international practice and the legislative efforts to unify the corporate legal requirements for both foreign and domestic investments. Our ability to conduct our business tc2000 derivative vwap distance scanner thinkorswim be negatively affected if the PRC government to carry out any of the aforementioned actions. As a result, fluctuations in exchange rates may have a material adverse effect on your investment. Our five best-selling featured product fxcm mobile app guide ma100 mt4 indicator forex factory accounted for Don DongjieYang and Mr. We must comply with various listing standards to maintain our continued NYSE listing. The PRC government has implemented various measures to encourage foreign investment and sustainable economic growth and to guide the allocation of financial and other resources, which have for the most part had a positive effect on our business and growth. Such reserve may not be distributed as cash dividends. If we are unable to correct this material weakness or if we determine that we have additional material weaknesses in our internal control over financial reporting, we may be unable to provide financial information in a timely and reliable manner. In addition, we have entered into agreements with these affiliated entities and Mr. In addition, any change in the provision of our add-on services, such as the internet interactive services provided for our featured electronic learning products, could materially and adversely affect the perception and acceptance of our products, which could materially and adversely affect our business, financial condition etrade interface does wealthfront accept money orders results of operations. Deferred revenue. As such laws proliferate, there may be uncertainty regarding their application or interpretation, which consequently increases our exposure to potential compliance costs and liability. We are a Cayman Islands holding company and substantially all of our operations are conducted through our 13 PRC subsidiaries and four variable interest entities. To date, we have not entered into any hedging transactions in an effort to reduce our exposure to foreign currency exchange risk. In order to maintain the physical security of our chops of our PRC entities, we generally store these items in secured locations accessible only by the authorized personnel in the legal or finance department of each of our subsidiaries and consolidated affiliated entities.
We conduct all of our operations in China and substantially all of our assets are located in China. To achieve this goal, we need to continue to grow our business across platforms and product lines. Calculated from current quarterly filing as of today. For example, an employer shall strictly control the number of dispatched employees not to exceed a certain percentage of its total number of employees. Upon the completion of our acquisition of Yiyang Yukang in December , shareholders of Yiyang Yukang became our shareholders. In addition, factors not directly relating to our products that could cause our operating results to fluctuate in a particular period or in comparison to a prior period include:. Moreover, the PRC unfair competition law prohibits us and our distributors from conveying misleading, false or inaccurate information with respect to quality, function, use, or other features of products, through advertising. Otherwise, all foreign investors may make investments on the same terms as Chinese investors without being subject to additional approval from the government authorities as mandated by the existing foreign investment legal regime. The Beijing land is collectively owned land and is not technically permitted to be leased to others for non-agricultural purposes such as commercial enterprises like ours under relevant PRC laws. In addition, these and similar actions could negatively affect our brands and our corporate image, possibly resulting in loss of customers and a decline in sales. Don Dongjie Yang or Mr. Violation of these laws or regulations may result in penalties, including fines, confiscation of advertising income, orders to cease dissemination of the advertising, orders to publish an advertisement correcting the misleading information and criminal liability. Total cost of revenues. If dividend payments are inconsistent, as with many ADRs, the annual dividend is calculated by totaling the regular dividends paid over the trailing 12 months. Don Dongjie Yang from our company did not have any actual. After the effectiveness of Internet Information Protection Rules, we have taken certain actions to comply with the requirements. Equity in losses of affiliates.
We purchase the materials we need to manufacture our products, including our electronic learning product line, from outside suppliers in China. If the PRC government takes the view that we did not obtain the necessary approval for our acquisition of Shanghai Advertising under Guideline Catalog of Foreign Investment Industries Revision , we could be subject to penalties. Robert W. However, we may not be able to prevent future breaches of our security, which may have a material and adverse effect on our reputation and business. Some of our products are supplied by third-party manufacturers based on designs or technical requirements provided by us. Although we intend to continue to review and evaluate our internal control systems, we could discover additional material weaknesses in our internal controls over financial reporting. Table of Contents interest will be resolved in our favor. Don Dongjie Yang or Mr. ITEM 9. In addition, these and similar actions could negatively affect our brands and our corporate image, possibly resulting in loss of customers and a decline in sales. Additionally, our subsidiaries also received tax holidays and subsidies for certain taxes paid by us, as well as subsidies that formed part of the incentives provided by local government for our investment in local district. Such violations may include, among other things:. In addition, through voluntary attrition, certain key personnel have recently left, and we have yet to recruit replacements. We conduct all of our operations in China and substantially all of our assets are located in China.
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