It's a Chinese stock scam built to hide info. The insiders trade in the dark.
It's a BVI foreign corporation. Less stringent reporting requirements. No quarterly reports. The annual report is a 20F and it comes many months after the EOY. Smoke and mirrors, hide the ball.
They are China based ... sorry they own the US politicians ... coup of the US Govt under covid cover & fraud ...
Reporting Differences
To the extent that China-based Issuers qualify as foreign private issuers, they are exempt from certain reporting requirements under the federal securities laws applicable to U.S. domestic issuers. Foreign private issuers are exempt from Exchange Act reporting requirements relating to quarterly reports and quarterly certifications by the principal executive and financial officers; current reports on Form 8-K that domestic issuers are required to file upon the occurrence of specified events; the solicitations of proxies, consents, or authorizations under Section 14 of the Exchange Act; rules that require insiders to comply with Section 16 of the Exchange Act; and Regulation FD. Foreign private issuers also have four months after the end of the fiscal year to file their annual reports, as compared to 60 to 90 days for domestic companies.
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