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Contents

FORWARD-LOOKING INFORMATION

●our goals and growth strategies;
●our expectation regarding the use of proceeds from securities offerings;
●general economic and business conditions in China; and

You should read thoroughly this annual report and the documents that we refer to in this annual report with the understanding that our actual future results may be materially different from and worse than what we expect. Other sections of this annual report include additional factors which could adversely impact our business and financial performance.

iv

part I

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.