The pandemic resulted in quarantines, travel restrictions, and the temporary closure of office buildings and facilities in China

filing / Apr 24, 2026 / receipt

China, including Shenzhen, Shanghai, Guangzhou, Taiyuan, Changchun as well as Dongguan city where Xingfa is located, and travel restrictions,

filing / Apr 24, 2026 / receipt

conditions, Xingfa subleased one plant building of approximately 4,300 m 2 to reduce our operating costs. ● We restructured our corporate organization in 2009 and incorporated Hing Fat Industrial Limited under Hong Kong law (“Hing Fat”), as the holding company of Xingfa to manage the door lockset manufacturing activities of Xingfa and to conduct research and development.

filing / Apr 24, 2026 / receipt

Wong was appointed as our Chief Financial Officer on June 1, 2020. He has almost 30 years of experience in accounting, internal control,

filing / Apr 24, 2026 / receipt

to current economic conditions, Xingfa subleased one plant building of approximately 4,300 m 2 to reduce our operating costs.

filing / Apr 24, 2026 / receipt

2018, the Company entered into a rental agreement with Kambo Security Products Limited for office space in Hong Kong. The rental agreement

filing / Apr 24, 2026 / receipt