Preview
FILED: NEW YORK COUNTY CLERK 12/03/2021 07:37 PM INDEX NO. 652617/2021
NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 12/03/2021
L?@CHCNCP MNL??N?P?HNM
EDITED TRANSCRIPT
L;;M(H ' K. ,*,* =fiij_h Alioj Bif^cha Fn^ ?[lhcham =[ff
?P?HN >;N?)NCG?4 G;L=B ,0& ,*,+ ) +,4**JG AGN
L?@CHCNCP MNL??N?P?HNM v qqq(l_`chcncp(]ig v =ihn[]n Om
‚,*,+ L_`chcncp( ;ff lcabnm l_m_lp_^( L_jo\fc][ncih il l_^cmnlc\oncih i` L_`chcncp ]ihn_hn& ch]fo^cha \s `l[gcha il mcgcf[l g_[hm& cm jlibc\cn_^ qcnbion nb_ jlcil qlcnn_h
]ihm_hn i` L_`chcncp( !L_`chcncp! [h^ nb_ L_`chcncp fiai [l_ l_acmn_l_^ nl[^_g[lem i` L_`chcncp [h^ cnm [``cfc[n_^ ]igj[hc_m(
FILED: NEW YORK COUNTY CLERK 12/03/2021 07:37 PM INDEX NO. 652617/2021
NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 12/03/2021
G;L=B ,0& ,*,+ ) +,4**JG& L;;M(H ' K. ,*,* =fiij_h Alioj Bif^cha Fn^ ?[lhcham =[ff
CORPORATE PARTICIPANTS
Yipeng Li
CONFERENCE CALL PARTICIPANTS
Huanji Li
Mark Li
Tina Hou
PRESENTATION
Operator
J_bgcq _lb eclrjckcl* rf_li wms dmp qr_lbgle `w* _lb ucjamkc rm Ajmmncl%q Dmsprf Os_prcp _lb Dsjj Wc_p 0.0. C_plgleq Amldcpclac A_jj, &Mncp_rmp
Glqrpsargmlq' Rmb_w%q amldcpclac a_jj gq `cgle pcampbcb, Gd wms f_tc _lw m`hcargmlq* wms k_w bgqamllcar _r rfgq rgkc, G umsjb lmu jgic rm rspl rfc
amldcpclac a_jj mtcp rm wmsp fmqr rmb_w* YCj_glc B_g*[ Ajmmncl%q Gltcqrmp Pcj_rgmlq, Njc_qc em _fc_b,
Unidentified Company Representative
Fcjjm* ctcpwmlc* _lb rf_li wms dmp hmglgle Ajmmncl%q Dmsprf Os_prcp _lb Dsjj Wc_p 0.0. C_plgleq Amldcpclac A_jj, Rfc amkn_lw%q dgl_lag_j _lb
mncp_rgle pcqsjrq ucpc gqqscb gl _ npcqq pcjc_qc tg_ Lcuqugpc qcptgacq c_pjgcp rmb_w _lb _pc nmqrcb mljglc, Wms a_l bmuljm_b rfc c_plgleq npcqq
pcjc_qc _lb qgel sn dmp msp bgqrpg`srgml jgqr `w tgqgrgle msp GP uc`qgrc, N_prgagn_lrq ml rmb_w%q a_jj ugjj `c Kp, Af_levsl Qsl* msp Dmslbcp _lb Afgcd
Cvcasrgtc Mddgacp9 _lb Kp, Qrctcl Jg* msp Afgcd Dgl_lag_j Mddgacp,
Qrctcl ugjj npmtgbc _l snb_rc ml msp mncp_rgml_j ncpdmpk_lac _q ucjj _q msp qrp_rcega glgrg_rgtc ml `cf_jd md msp ACM* Kp, Qsl* _lb rfcl fc ugjj egtc
wms _l mtcptgcu md msp dgl_lag_j ncpdmpk_lac _lb npmtgbc esgb_lac dmp rfc dgpqr os_prcp md 0.0/, K_l_eckclr ugjj `cegl ugrf npcn_pcb pck_piq*
_lb rfc a_jj ugjj amlajsbc ugrf _ O$? qcqqgml,
@cdmpc G f_lb gr mtcp rm rfc k_l_eckclr* G%b jgic rm pckglb wms md Ajmmncl%q q_dc f_p`mp qr_rckclr gl pcj_rgml rm rmb_w%q a_jj, Cvacnr dmp rfc fgqrmpga_j
gldmpk_rgml amlr_glcb fcpcgl* acpr_gl k_rrcpq bgqasqqcb gl rfc amldcpclac a_jj _pc dmpu_pb+jmmigle qr_rckclrq, Rfcqc qr_rckclrq _pc `_qcb ml
asppclr rpclbq* cqrgk_rcq _lb npmhcargmlq* _lb rfcpcdmpc* wms qfmsjb lmr nj_ac slbsc pcjg_lac ml rfck,
Dmpu_pb+jmmigle qr_rckclrq gltmjtc glfcpclr pgqiq _lb slacpr_glrgcq, ? lsk`cp md gknmpr_lr d_armpq amsjb a_sqc _ars_j pcqsjrq rm bgddcp k_rcpg_jjw
dpmk rfmqc amlr_glcb gl _lw dmpu_pb+jmmigle qr_rckclrq, Dmp kmpc gldmpk_rgml _`msr rfc nmrclrg_j pgqiq _lb slacpr_glrgcq* njc_qc pcdcp rm rfc
amkn_lw%q dgjgleq ugrf rfc Qcaspgrgcq _lb Cvaf_lec Amkkgqqgml,
Ugrf rf_r* G ugjj lmu rspl rfc a_jj mtcp rm msp ADM* Qrctcl Jg,
Yipeng Li
Rf_li wms* YCj_glc[, Fcjjm* ctcpwmlc* _lb rf_li wms dmp hmglgle sq rmb_w, G%k njc_qcb rm bcjgtcp rmb_w%q mnclgle pck_piq ml `cf_jd md msp ACM* Kp,
Qsl, Rfgq gq msp dgpqr c_plgleq a_jj _q _ ns`jga amkn_lw dmjjmugle msp GNM gl Dc`ps_pw rfgq wc_p, Uc _pc cvagrcb rm qnc_i ugrf _jj md wms _`msr msp
dgl_lag_j _lb mncp_rgle pcqsjrq _lb rm snb_rc wms pce_pbgle msp hmsplcw rm rp_lqdmpk rfc clrcpnpgqc amkkslga_rgmlq glbsqrpw gl Afgl_,
K_lw md wms jgqrclgle rmb_w k_w `c lcu rm msp qrmpw, Qm jcr kc qnclb _ dcu kmkclrq bcqapg`gle msp `sqglcqq `cdmpc u_jigle rfpmsef msp dsjj wc_p
_lb dmsprf os_prcp fgefjgefrq,
,
L?@CHCNCP MNL??N?P?HNM v qqq(l_`chcncp(]ig v =ihn[]n Om
‚,*,+ L_`chcncp( ;ff lcabnm l_m_lp_^( L_jo\fc][ncih il l_^cmnlc\oncih i` L_`chcncp ]ihn_hn& ch]fo^cha \s `l[gcha il mcgcf[l g_[hm& cm jlibc\cn_^ qcnbion nb_ jlcil qlcnn_h
]ihm_hn i` L_`chcncp( !L_`chcncp! [h^ nb_ L_`chcncp fiai [l_ l_acmn_l_^ nl[^_g[lem i` L_`chcncp [h^ cnm [``cfc[n_^ ]igj[hc_m(
FILED: NEW YORK COUNTY CLERK 12/03/2021 07:37 PM INDEX NO. 652617/2021
NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 12/03/2021
G;L=B ,0& ,*,+ ) +,4**JG& L;;M(H ' K. ,*,* =fiij_h Alioj Bif^cha Fn^ ?[lhcham =[ff
Uc _pc _ jc_bgle ksjrg+a_n_`gjgrw* ajmsb+`_qcb amkkslga_rgml qmjsrgml npmtgbcp gl Afgl_* mddcpgle _ dsjj qsgrc md ajmsb+`_qcb amkkslga_rgmlq
qmjsrgmlq, Msp qcptgacq glajsbc amkkslga_rgmlq nj_rdmpk _q _ qcptgac* mp AN__Q9 ajmsb+`_qcb amlr_ar aclrcpq* mp AA9 _lb ajmsb+`_qcb slgdgcb
amkkslga_rgmlq _lb amjj_`mp_rgmlq _jqm pcdcppcb rm _q SA$A, Msp AN__Q mddcpq qcptgacq qgkgj_p rm Rugjgm%q* _jjmugle clrcpnpgqcq rm _bb pc_j+rgkc
amkkslga_rgmlq a_n_`gjgrgcq* qsaf _q tmgac _lb kcqq_egle* rm rfcgp _nnjga_rgmlq _lb qwqrckq `w bcnjmwgle ?NGq _lb QBIq, Ugrf msp AA qcptgac*
clrcpnpgqcq a_l glrcp_ar ugrf asqrmkcpq rfpmsef bgddcpclr af_llcjq _r _ jmucp amqr _lb `crrcp cddgagclaw, Xclbcqi umsjb `c _ S,Q, amkn dmp rfgq
rwnc md qcptgac, Msp rfgpb qcekclr* SA$A fcjnq clrcpnpgqcq k_l_ec amkkslga_rgmlq ugrfgl rfcgp mpe_lgx_rgml rfpmsef sqcp glrcpd_acq, Rfgq qcptgac
gq qgkgj_p rm npmbsarq mddcpcb `w PgleAclrp_j gl S,Q,
Msp npgkc asqrmkcpq gl Afgl_ _pc j_pec clrcpnpgqcq ugrf _ `pm_b p_lec md amkkslga_rgml bck_lbq, Ugrf msp amknpcfclqgtc `sqglcqq nmprdmjgm*
uc _pc `crrcp nmqgrgmlcb rm dsjdgjj rfmqc `sqglcqq bck_lbq, Gl 0.0.* uc eclcp_rcb _`msr 5.# md msp rmr_j pctclscq dpmk j_pec clrcpnpgqc asqrmkcpq8
?`msr /-1 md rfcqc asqrmkcpq cknjmwcb kmpc rf_l / a_rcempw md msp qmjsrgmlq* npmtgbgle sq amlqgbcp_`jc apmqq+qcjjgle _lb snqcjjgle nmrclrg_j, Gl
_bbgrgml* rfc kgep_rgml md rfc amkkslga_rgmlq glbsqrpw rm ajmsb+`_qcb qmjsrgmlq f_q mljw hsqr `cesl gl Afgl_, Rfc nclcrp_rgml md ajmsb+`_qcb
amkkslga_rgmlq gl Afgl_ u_q hsqr 0,5# gl 0./7 amkn_pcb rm pmsefjw /.# gl S,Q, Rfc k_picr gq _jqm tcpw dp_ekclrcb* _lb rfcpcdmpc* pgnc dmp
amlqmjgb_rgml, Uc _pc amldgbclr rf_r msp pcamelgxcb jc_bcpqfgn nmqgrgml _lb amknpcfclqgtc ajmsb+`_qcb amkkslga_rgmlq qmjsrgmlq nsr sq gl _
nmqgrgml rm _b_nr rm k_picr bwl_kgaq _lb a_ngr_jgxc ml rfc rpckclbmsq epmurf mnnmprslgrw,
G rfgli gr emcq ugrfmsr q_wgle rf_r 0.0. u_q _ wc_p rf_r f_q rcqrcb _jj md sq gl mlc u_w mp _lmrfcp, Rfpmsef gleclsgrw* _b_nr_`gjgrw _lb _ epc_r bc_j
md f_pb umpi* msp rc_k u_q _`jc rm umpi rfpmsef npm`jckq* kccr af_jjclecq _lb qcgxc snml mnnmprslgrgcq, Rfgq gq ctgbclacb `w msp pcqsjrq, Uc%pc
npmsb rf_r uc f_tc lmr mljw Ynpcqcptcb[ rfpmsef rfc cvrp_mpbgl_pw wc_p* `sr f_tc `ccl _`jc rm amkc msr ctcl qrpmlecp, Msp GNM gl Dc`ps_pw rfgq
wc_p u_q _ rcqr_kclr rm msp f_pb umpi _lb pcamelgrgml md msp k_picr jc_bcpqfgn nmqgrgml, Rfc GNM _jqm p_gqcb msp `p_lb%q npmdgjc qgelgdga_lrjw ml
rfc glrcpl_rgml_j qr_ec,
Bcqngrc rfc slnpcacbclrcb af_jjclecq npcqclrcb `w rfc AMTGB+/7 n_lbckga* uc _pc njc_qcb rm pcnmpr _ qmjgb 0.0. rmn jglc epmurf md /6,/#
wc_p+mtcp+wc_p ugrf pctclsc md PK@ 545,5 kgjjgml* bpgtcl `w _ /1# cvn_lqgml gl rfc lsk`cp md _argtc asqrmkcpq rm pc_af mtcp /1*... _lb `w rfc
clb md 0.0. _q amkn_pcb rm rfc lsk`cp md _argtc asqrmkcpq _q md Bcack`cp 1/* 0./7, Uc _pc bcjgefrcb rm qcc rfc msrqr_lbgle t_jsc npmnmqgrgml
rf_r msp npmbsarq _lb qcptgacq bcjgtcp pcqml_rc ugrf kmpc _lb kmpc clrcpnpgqcq gl rfc k_picrnj_ac, Gl rfc dgpqr os_prcp md 0.0.* uc dgpkjw cvcasrcb
ml msp kgqqgml* amlrglsgle rm asjrgt_rc _l cvn_lbgle asqrmkcp `_qc _lb dsprfcp bctcjmn msp ajmsb _lb ?G+`_qcb amkkslga_rgml qcptgacq mddcpgle,
Pctclscq gl rfc dgpqr os_prcp glapc_qcb rm PK@ 036,5 kgjjgml* pcnpcqclrgle _ /3,3# glapc_qc wc_p+mtcp+wc_p,
Lcvr* jcr kc npmtgbc qmkc fgefjgefrq ml rfc `sqglcqq qcekclr jctcj, Uc amlrglscb rm qcc bms`jc+bgegr epmurf gl 0.0. dmp msp AN__Q qcekclr,
Pctclsc dpmk AN__Q gl 0.0. epcu `w /3,7# rm PK@ 2..,/ kgjjgml* npgk_pgjw bsc rm rfc p_ngb epmurf md msp rcvr kcqq_egle qcptgacq* ufgaf q_u
glapc_qcb bck_lb dpmk acpr_gl j_pec clrcpnpgqcq _q ucjj _q qgelgdga_lr glapc_qcq gl pctclscq eclcp_rcb dpmk msp GmR qcptgacq, Gl rfc dgpqr os_prcp md
0.0.* pctclsc dmp AN__Q u_q PK@ /1.,3 kgjjgml,
Msp ajmsb+`_qcb AA qcekclr u_q rfc qr_lbmsr ncpdmpkcp gl 0.0.* qccgle pctclscq glapc_qcb `w 2/,0# rm PK@ 023,/ kgjjgml* bpgtcl `w _ qgelgdga_lr
glapc_qc gl asqrmkcp lsk`cpq, Rf_r ncpdmpk_lac amsjb f_tc `ccl ctcl qrpmlecp gd gr u_ql%r dmp qfpgligle md rfc `sqglcqq `w acpr_gl kcbgsk mp
qk_jj clrcpnpgqc asqrmkcpq ufm ucpc _ddcarcb `w rfc AMTGB+/7 msr`pc_i, Uc q_u qmkc md rfgq sluglb gl rfc dmsprf os_prcp md 0.0.* ufcpc rfc AA
pctclsc gq sn 52# wc_p+ml+wc_p rm PK@ 7. kgjjgml &qga' YPK@ 7/,3 kgjjgml*[ bpgtcl `w rfc pcjc_qc md slbcpqcptcb bck_lb bspgle rfc AMTGB+/7
msr`pc_i gl rfc dgpqr f_jd md 0.0.,
Ajmsb+`_qcb SA$A qmjsrgmlq f_b _ kmpc bgddgasjr wc_p ugrf pctclscq bcapc_qgle _ 1,7# rm PK@ //6,1 kgjjgml gl 0.0. _lb bcapc_qgle 7,3#
wc_p+mtcp+wc_p gl rfc dgpqr os_prcp md 0.0. rm PK@ 14,3 kgjjgml, Rfcqc bcajglcq npgk_pgjw a_kc _q _ pcqsjr md bcj_wcb npmhcar bcjgtcpw bsc rm rfc
AMTGB+/7 msr`pc_i,
?q uc kmtc _fc_b gl 0.0/* uc f_tc qccl msp `sqglcqq _aacjcp_rc qgelgdga_lrjw gl rfc dgpqr os_prcp* `clcdgrgle dpmk rfc `pm_b+`_qcb camlmkw ++
camlmkga pcamtcpw `cgle cvncpgclacb `w Afgl_, Uc f_tc qsaacqqdsjjw _aosgpcb lcu j_pec clrcpnpgqc asqrmkcpq ugrf lsk`cpq gl rfc rcclq, ?lb
msp bmjj_p+`_qcb lcr asqrmkcp pcrclrgml p_rc f_q `mslacb `_ai rm _`mtc /..# gl rfc `cegllgle md 0.0/, Glrcpl_rgml_jjw* uc f_tc pcegqrcpcb
qgelgdga_lr epmurf dpmk msp H_n_l `sqglcqq _q ucjj _q k_bc npmepcqq ugrf k_picr clrpw gl Qmsrfc_qr ?qg_* kmqr pcaclrjw mnclgle msp dgpqr mddgac gl
Qmsrfc_qr ?qg_,
-
L?@CHCNCP MNL??N?P?HNM v qqq(l_`chcncp(]ig v =ihn[]n Om
‚,*,+ L_`chcncp( ;ff lcabnm l_m_lp_^( L_jo\fc][ncih il l_^cmnlc\oncih i` L_`chcncp ]ihn_hn& ch]fo^cha \s `l[gcha il mcgcf[l g_[hm& cm jlibc\cn_^ qcnbion nb_ jlcil qlcnn_h
]ihm_hn i` L_`chcncp( !L_`chcncp! [h^ nb_ L_`chcncp fiai [l_ l_acmn_l_^ nl[^_g[lem i` L_`chcncp [h^ cnm [``cfc[n_^ ]igj[hc_m(
FILED: NEW YORK COUNTY CLERK 12/03/2021 07:37 PM INDEX NO. 652617/2021
NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 12/03/2021
G;L=B ,0& ,*,+ ) +,4**JG& L;;M(H ' K. ,*,* =fiij_h Alioj Bif^cha Fn^ ?[lhcham =[ff
Gl K_paf* uc clrcpcb glrm _ bcdglgrgtc _epcckclr rm _aosgpc CjgrcAPK* _ jc_bgle asqrmkcp pcj_rgmlqfgn k_l_eckclr qmdru_pc npmtgbcp, Uc qcc
qs`qr_lrg_j qwlcpegcq gl rcpkq md npmbsar nmprdmjgm _lb asqrmkcp `_qc dpmk rfgq _aosgqgrgml, Grq APK qmdru_pc _bbq rm msp a_n_`gjgrgcq gl qcptgle
j_pec clrcpnpgqc ajgclrq _lb fcjn sq rm qmjgbgdw msp nmqgrgml _q _ amknpcfclqgtc qmjsrgml npmtgbcp, Gl rcpkq md asqrmkcp `_qc* CjgrcAPK f_q `sgjr sn
_l gknpcqqgtc asqrmkcp nmprdmjgm* n_prgasj_pjw gl RlR _lb glqsp_lac* ufgaf ugjj amknjckclr msp fgqrmpga_jjw qrpmle nmqgrgml ugrf dgl_lag_j qcptgac
qcarmp, Mlac rfc rp_lq_argml gq ajmqcb* uc cvncar CjgrcAPK rm gkkcbg_rcjw k_ic _ nmqgrgtc amlrpg`srgml rm msp `mrrmk jglc,
Gl _ qcekclr pgnc dmp amlqmjgb_rgml* rfc _bbcb dgl_lag_j dgpcnmucp rf_r a_kc ugrf msp GNM egtcq sq _ epc_r dmslb_rgml ml ufgaf rfc lcvr qr_ec md
rfc amkn_lw%q epmurf a_l `c `sgjr, Uc ugjj amlrglsc rm cvnjmpc mrfcp mnnmprslgrgcq rm qrpclerfcl msp amkn_lw rfpmsef K$? qcjcargtcjw _q rfc
wc_p npmepcqqcq,
Rfgq amlajsbcq Kp, Qsl%q npcn_pcb pck_piq, G ugjj lmu npmtgbc _ `pgcd mtcptgcu md msp dgl_lag_j pcqsjrq dmp rfc dgpqr os_prcp md 0.0., ?jj amkn_pgqmlq
_pc wc_p+mtcp+wc_p _lb _jj lsk`cpq _pc gl PK@* sljcqq mrfcpugqc lmrcb,
Msp pctclscq pc_afcb PK@ 036,5 kgjjgml gl rfc dgpqr os_prcp md 0.0.* glapc_qgle /3,3#, Rfc glapc_qc u_q k_gljw bpgtcl `w tcpw qrpmle ncpdmpk_lac
dpmk msp ajmsb+`_qcb amlr_ar aclrcpq qmjsrgmlq `sqglcqq* ufgaf q_u pctclscq glapc_qcb 52# wc_p+mtcp+wc_p rm PK@ 7/,3 kgjjgml* npgk_pgjw bsc rm
_l glapc_qc gl rfc lsk`cp md asqrmkcpq _q G kclrgmlcb c_pjgcp,
Amqr md pctclscq glapc_qcb `w /7,0# rm PK@ /36 kgjjgml* ufgaf u_q bsc rm glapc_qcb amqr md pctclscq dpmk AN__Q qmjsrgmlq _q msp cvn_lbgle
asqrmkcp `_qc bpmtc _l glapc_qc gl rcvrgle amqrq _lb _l glapc_qc gl amqr md pctclsc dpmk AA qmjsrgmlq* npgk_pgjw _q _ pcqsjr md msp glapc_qcb `sqglcqq
qa_jc _q ucjj _q glapc_qcb gldp_qrpsarspc _lb cosgnkclr amqrq _q uc amlrglscb rm p_kn sn npmhcar bcjgtcpw, Epmqq npmdgr u_q PK@ /..,5 kgjjgml*
/.,0# fgefcp rf_l rfc dmsprf os_prcp md 0./7,
Lmu jcr%q jmmi _r msp cvnclqcq, Gl rfc dgpqr os_prcp* mncp_rgle cvnclqcq ucpc PK@ /6.,2 kgjjgml* pcnpcqclrgle _ 1.# glapc_qc dpmk PK@ /16,6 kgjjgml
gl rfc dgpqr os_prcp md 0./7, P$B cvnclqcq glapc_qcb `w 3,6# rm PK@ 30,3 kgjjgml* npgk_pgjw bsc rm _l glapc_qc gl rcaflmjmew qcptgac cvnclqcq n_gb
rm rfc rfgpb+n_prw msrqmspagle qcptgac npmtgbcpq dmp rfc bctcjmnkclr md acpr_gl lmlampc dc_rspcq _lb dslargmlq gl ajmsb+`_qcb SA$A qmjsrgmlq*
n_prg_jjw mddqcr `w _ bcapc_qc gl rfc P$B qr_dd cvnclqc _q _ pcqsjr md _ pcbsargml gl qmag_j glqsp_lac amlrpg`srgmlq bsc rm d_tmp_`jc gkn_ar dpmk
emtcplkclr pcjgcd nmjgagcq bspgle rfc AMTGB+/7 msr`pc_i,
Qcjjgle _lb k_picrgle cvnclqcq glapc_qcb `w 07,2# rm PK@ 4.,5 kgjjgml* k_gljw bsc rm glapc_qc gl qr_dd cvnclqcq _lb rfc glapc_qc gl qnclbgle ml
mljglc _btcprgqgle a_kn_gelq _lb k_picrgle qcptgacq _q rfc amkn_lw amlrglscq rm qa_jc grq `sqglcqq _lb pc_af _ ugbcp asqrmkcp `_qc,
E$? cvnclqcq glapc_qcb `w 37,0# rm PK@ 45,/ kgjjgml, Rfc glapc_qc u_q npgk_pgjw bsc rm amqrq glasppcb npcn_pgle dmp rfc amkn_lw%q GNM _lb _l
glapc_qc gl qf_pc+`_qcb amknclq_rgml cvnclqcq, Uc _jqm q_u _l glapc_qc gl msp bms`rdsj _aamslr npmtgqgml gl rfc ncpgmb,
Lcr jmqq dmp rfc dgpqr os_prcp md 0.0. u_q PK@ 1.3,2 kgjjgml amkn_pcb ugrf PK@ 31,7 kgjjgml gl rfc dgpqr os_prcp md 0./7* ugrf rfc glapc_qc npgk_pgjw
bpgtcl `w PK@ 02.,/ kgjjgml md lmla_qf grckq* glajsbgle af_lec gl d_gp t_jsc md u_pp_lr jg_`gjgrgcq md PK@ 002,6 kgjjgml _lb qf_pc+`_qcb amknclq_rgml
md PK@ /3,2 kgjjgml,
@_qga _lb bgjsrcb lcr jmqq ncp qf_pc u_q PK@ 15,43 gl rfc dgpqr os_prcp md 0.0., ?q md Bcack`cp 1/* 0.0.* rfc amkn_lw f_b PK@ 074,4 kgjjgml md
a_qf _lb a_qf cosgt_jclrq, Dmp kmpc md msp 0.0. dsjj wc_p dgl_lag_j pcqsjrq* njc_qc pcdcp rm msp c_plgleq npcqq pcjc_qc dmp dsprfcp bcr_gjq,
Jmmigle dmpu_pb rm 0.0/* uc `cjgctc uc _pc ucjj nmqgrgmlcb _q _ amkn_lw rm r_ic _bt_lr_ec md nclr+sn bck_lb dpmk clrcpnpgqc _argtgrgcq bcj_wcb
gl 0.0. _lb a_nrspc cvn_lbgle ajmsb amkkslga_rgml qcptgacq bcnjmwkclr mnnmprslgrgcq* rfc nmqgrgtc gkn_ar md ufgaf uc f_tc _jpc_bw `cesl rm
ugrlcqq gl rfc dgpqr os_prcp md 0.0/,
Dmp rfc dgpqr os_prcp md 0.0/* Ajmmncl asppclrjw cvncarq pctclscq rm `c `cruccl PK@ /70 kgjjgml rm PK@ /75 kgjjgml* ufgaf umsjb pcnpcqclr _l
glapc_qc md 23# rm 26,6# wc_p+mtcp+wc_p, Rfc _`mtc msrjmmi gq `_qcb ml rfc asppclr k_picr amlbgrgmlq _lb pcdjcar rfc amkn_lw%q asppclr _lb
npcjgkgl_pw cqrgk_rcq md k_picr _lb mncp_rgle amlbgrgmlq _lb asqrmkcp bck_lb* ufgaf _pc _jj qs`hcar rm qs`qr_lrg_j slacpr_glrw,
.
L?@CHCNCP MNL??N?P?HNM v qqq(l_`chcncp(]ig v =ihn[]n Om
‚,*,+ L_`chcncp( ;ff lcabnm l_m_lp_^( L_jo\fc][ncih il l_^cmnlc\oncih i` L_`chcncp ]ihn_hn& ch]fo^cha \s `l[gcha il mcgcf[l g_[hm& cm jlibc\cn_^ qcnbion nb_ jlcil qlcnn_h
]ihm_hn i` L_`chcncp( !L_`chcncp! [h^ nb_ L_`chcncp fiai [l_ l_acmn_l_^ nl[^_g[lem i` L_`chcncp [h^ cnm [``cfc[n_^ ]igj[hc_m(
FILED: NEW YORK COUNTY CLERK 12/03/2021 07:37 PM INDEX NO. 652617/2021
NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 12/03/2021
G;L=B ,0& ,*,+ ) +,4**JG& L;;M(H ' K. ,*,* =fiij_h Alioj Bif^cha Fn^ ?[lhcham =[ff
Ugrf rf_r* G umsjb jgic rm mncl sn rfc a_jj rm oscqrgmlq, Mncp_rmp* njc_qc=
QUESTIONS AND ANSWERS
Operator
&Mncp_rmp Glqrpsargmlq' Msp dgpqr oscqrgml rmb_w amkcq dpmk K_pi Jg dpmk Agrg,
Mark Li
G%k YH_ai[ Jg dpmk Agrg @_li Pcqc_paf, Kw dgpqr oscqrgml gq dmp rfc amlep_rsj_rgmlq ml rfc qrpmle epmurf gl rfc amlr_ar aclrcp `sqglcqq, K_w G ilmu
uf_r gq rfc ncp qc_r epmurf= ?lb _lw amjmp ml rfc ?PNS epmurf ugrfgl rfgq qcekclr rf_r wms amsjb `pc_i bmul _lb egtc _ `gr kmpc amjmp=
?lb kw qcamlb oscqrgml gq* dmp wmsp dgpqr os_prcp esgb_lac* amsjb wms egtc sq _lw amjmp ml rfc epmurf dmp rfc k_hmp qcekclrq* g,c,* AA* SA$A _lb
AN__Q=
Yipeng Li
Qspc, Dmp rfc dgpqr oscqrgml* _q dmp msp AA ncpdmpk_lac gl rfc dgpqr os_prcp md 0.0.* rfc glapc_qc u_q k_gljw bsc rm rfc glapc_qc md lsk`cp md asqrmkcpq
_q G kclrgmlcb gl rfc a_jj, G rfgli G bgqasqqcb rfgq `cdmpc, Pgefr lmu* G rfgli rfc amkn_lw%q !/ npgmpgrw gq bm ++ rm ecr kmpc k_picr qf_pc rm _aosgpc
kmpc asqrmkcpq* cvn_lb glrm kmpc qcarmpq mp kmpc glbsqrpgcq, Qm dpmk rfc amkn_lw%q ncpqncargtc* uc _pc lmr c_ecp rm pc_jjw glapc_qc rfc npgac md
msp mddcpgleq* `sr p_rfcp rm f_tc kmpc _aacqq rm kmpc asqrmkcpq _lb _jqm rm rpw rm _qi msp asqrmkcpq rm n_w dmp _ kmpc npckgsk n_ai_ec md msp
npmbsar mddcpgleq,
?q dmp rfc ++ msp esgb_lac dmp rfc dgpqr os_prcp md 0.0/* mtcp_jj* uc cvncar msp pctclsc ugjj glapc_qc `w ajmqc rm 3.#, ?kmle rfc 1 `sqglcqq jglcq*
rfc AA `sqglcqq _lb SA$A `sqglcqq _nn_pclrjw _pc ksaf kmpc gknmpr_lr, ?lb _jqm* rfc amkn_lw ugjj gltcqr ksaf kmpc qrp_rcega pcqmspacq glrm
rfmqc 0 qcekclrq* _q uc r_jicb `cdmpc, Qm rfc glapc_qc dmp rfc AA `sqglcqq _lb SA$A `sqglcqq ugjj `c ksaf fgefcp _ars_jjw amkn_pcb rm rfgq ++ rfc
26# ++ mp 23# rm 26# glapc_qc* cqncag_jjw rfc AA `sqglcqq, Uc cvncar msp AA `sqglcqq ugjj f_tc _ tcpw qrpmle ncpdmpk_lac gl rfc dgpqr os_prcp md
0.0/,
Operator
Msp lcvr oscqrgml amkcq dpmk Xgvs_l ?le dpmk Emjbk_l Q_afq,
Tina Hou
Rfgq gq Rgl_ Fms dpmk Emjbk_l Q_afq, Amlep_rsj_rgmlq ml rfc pcqsjrq, Qm G f_tc _ dcu oscqrgmlq* gd G k_w, Rfc dgpqr mlc gq rf_r amsjb wms egtc sq rfc
`pc_ibmul gl rcpkq md epmqq k_pegl dmp rfc 1 qcekclrq dmp 0.0.= ?lb _jqm* rfc epmqq k_pegl msrjmmi dmp 0.0/ _q ucjj=
Qcamlb oscqrgml gq* gl rcpkq md wmsp _aosgqgrgml* `ca_sqc gr%q qrgjj ++ G _qqskc qrgjj nclbgle ajmqspc, Qm G _qqskc rf_r rfc dgpqr os_prcp pcqsjr ++ mp rfc
dgpqr os_prcp esgb_lac dmp 0.0/ bmcq lmr glajsbc _lw pctclsc amlrpg`srgml rfcpc wcr, Qm gq gr pc_qml_`jc rm _qqskc rf_r emgle glrm rfc qcamlb* rfgpb*
dmsprf os_prcp md rfc wc_p* uc _pc emgle rm qcc ctcl `crrcp pctclsc rp_argml bsc rm rfc _aosgqgrgml= ?lb _jqm* uf_r gq rfc 0.0. _lls_j pctclsc _q
ucjj _q epmqq k_pegl dmp CjgrcAPK amkn_lw=
?lb rfcl rfc rfgpb oscqrgml gq gl rcpkq md k_w`c Rclaclr `ca_sqc uc ilmu rf_r Rclaclr gltcqrcb gl &gl_sbg`jc' gl Lmtck`cp j_qr wc_p, Qm umlbcpgle
fmu uc umsjb jgic rm jctcp_ec Rclaclr%q nj_rdmpk _lb rfcgp nmrclrg_j asqrmkcp `_qc rm cvn_lb msp `sqglcqq _lb k_picr qf_pc=
/
L?@CHCNCP MNL??N?P?HNM v qqq(l_`chcncp(]ig v =ihn[]n Om
‚,*,+ L_`chcncp( ;ff lcabnm l_m_lp_^( L_jo\fc][ncih il l_^cmnlc\oncih i` L_`chcncp ]ihn_hn& ch]fo^cha \s `l[gcha il mcgcf[l g_[hm& cm jlibc\cn_^ qcnbion nb_ jlcil qlcnn_h
]ihm_hn i` L_`chcncp( !L_`chcncp! [h^ nb_ L_`chcncp fiai [l_ l_acmn_l_^ nl[^_g[lem i` L_`chcncp [h^ cnm [``cfc[n_^ ]igj[hc_m(
FILED: NEW YORK COUNTY CLERK 12/03/2021 07:37 PM INDEX NO. 652617/2021
NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 12/03/2021
G;L=B ,0& ,*,+ ) +,4**JG& L;;M(H ' K. ,*,* =fiij_h Alioj Bif^cha Fn^ ?[lhcham =[ff
?lb rfcl rfc j_qr oscqrgml gq _jqm pcj_rcb rm rf_r, Qm wms kclrgmlcb rf_r `ca_sqc Afgl_%q ajmsb amkkslga_rgml k_picr gq ksaf kmpc dp_ekclrcb
rf_l gl rfc S,Q, Qm gl wmsp tgcu* _r uf_r ++ jgic fmu jmle umsjb gr r_ic dmp rfc Afglcqc k_picr rm `camkc rfc q_kc amlqmjgb_rgml jctcj _q rfc S,Q,=
?lb _jqm dmp &gl_sbg`jc' qncagdga_jjw* bm uc f_tc _lw kgb+ rm jmle+rcpk k_picr qf_pc r_pecr dmp cv_knjc* 3 mp /. wc_pq=
Yipeng Li
Mi_w, Wcq* qglac rfcpc _pc _ jmr md oscqrgmlq* qm G ugjj rpw rm ++ G rpw rm lmr kgqq _lw mlc, Gd G kgqq _lw oscqrgmlq* wms a_l hsqr pckglb kc mp _qi _e_gl,
Qm wmsp dgpqr oscqrgml gq pce_pbgle rfc `pc_ibmul md msp ++ rfc epmqq k_pegl pce_pbgle rfc ++ c_af md msp `sqglcqq qcekclrq dmp 0.0., Mtcp_jj* rfc
epmqq k_pegl dmp msp 0.0. ncpdmpk_lac gq 2.#, Rfc AN__Q `sqglcqq f_q rfc jmucp epmqq k_pegl* gq _`msr 06#* 07#, ?lb dmp rfc AA `sqglcqq* AA
`sqglcqq f_q _ epmqq k_pegl md `cruccl 33# _lb 34#, ?lb _lb dmp rfc SA$A `sqglcqq* rfc epmqq k_pegl gq _pmslb 23#, Qm rf_r%q rfc `pc_ibmul
dmp rfc 1 qcekclrq dmp rfc clrgpc wc_p md 0.0. gl rcpkq md epmqq k_pegl,
Wmsp qcamlb oscqrgml gq pce_pbgle rfc _aosgqgrgml md ++ rfcpc%q _ APK amkn_lw* CjgrcAPK, Wcq* wms%pc pgefr, Uc ugjj lmr ++ uc _pc lmr cvncargle rm
glajsbc _lw md rf_r pctclsc gl O/ `ca_sqc rfc _aosgqgrgml ugjj `c amknjcrcb _r c_pjgcqr _r rfc clb md rfgq kmlrf, Qm rfc ++ gl rcpkq md pctclsc
amlrpg`srgml* rf_r ugjj qr_pr dpmk O0, @sr uf_r G umsjb jgic rm pckglb _jj md wms gq* rfc pc_qml ufw rfc amkn_lw _aosgpcb rfgq APK amkn_lw* lmr
hsqr dmp rfc qfmpr+rcpk pctclsc amlrpg`srgml mp rfc lcr npmdgr amlrpg`srgml* `sr p_rfcp* uc u_lr rm _bb APK rm msp npmbsar mddcpgleq, ?q uc amlrglsc
rm cvn_lb msp rmr_j qmjsrgmlq rm msp asqrmkcpq* APK _nn_pclrjw gq _ ampc dslargml dmp k_lw md msp asqrmkcpq, ?lb `w _bbgle rfmqc dslargml_j
kmbsjc rm msp rmr_j qmjsrgmlq* uc `cjgctc rf_r ugjj _ars_jjw egtc rfc amkn_lw _ `crrcp nmqgrgml rm qcptc msp asqrmkcpq gl rfc jmle rcpk,
?lb _jqm* _q G kclrgmlcb bspgle rfc a_jj* uc f_tc _ epc_r qwlcpew ugrf rfgq APK amkn_lw* `mrf gl rcpkq md rfc asqrmkcp `_qc _lb gl rcpkq md rfc
npmbsar mddcpgleq, Wcq, @sr rfc ++ uf_r G a_l rcjj _ jgrrjc `gr gq ++ rfc amkn_lw* ml _ wc_pjw `_qgq* rfc CjgrcAPK amkn_lw f_q _ pctclsc md pmsefjw
`cruccl PK@ 3. kgjjgml rm PK@ 4. kgjjgml* qm gl rf_r p_lec, Qm rf_r ++ _lb _jqm rfgq amkn_lw _ars_jjw gq _ npmdgr+k_igle `sqglcqq, Qm rf_r ugjj `clcdgr
msp `mrrmk jglc _q ucjj* _q G kclrgmlcb bspgle rfc a_jj,
Wmsp lcvr oscqrgml* gd G pckck`cp amppcarjw* gq pce_pbgle rfc Rclaclr, Rclaclr gq _ tcpw gknmpr_lr qrp_rcega gltcqrmp dmp msp amkn_lw, ?lb Rclaclr
_ars_jjw mddcpq _ tcpw gknmpr_lr af_llcj dmp sq rm f_tc rfc _aacqq rm _ jmr md j_pec clrcpnpgqc asqrmkcpq _lb emtcplkclrq, ?ars_jjw* bspgle rfc O/
qm d_p* uc f_tc _jpc_bw f_b qctcp_j qgelcb bc_jq dpmk Rclaclr _lb rfc ngncjglc gq ctcl `geecp, ?lb uc qr_prcb umpigle ugrf bgddcpclr rc_kq dpmk
Rclaclr, Qm uc cvncar rf_r Rclaclr ugjj pc_jjw fcjn msp `sqglcqq bctcjmn qgelgdga_lrjw gl rfc amkgle dsrspc,
Rfc j_qr oscqrgml gq pce_pbgle fmu uc jmmi _r msp `sqglcqq gl rfc jmle rcpk, ?q G kclrgmlcb bspgle rfc a_jj* pgefr lmu* rfc Afglcqc k_picr gq qrgjj
gl _ tcpw c_pjw qr_ec amkn_pcb rm S,Q, Rfc nclcrp_rgml p_rc gq tcpw jmu, Rfc k_picr gq fgefjw dp_ekclrcb,
Uc ++ _q _ amkn_lw* uc ugjj amlrglsc rm sqc msp _bt_lr_ec md ksjrgnpmbsar uc` qmjsrgml qrp_rcew rm amlrglsc rm cvn_lb glrm lcu glbsqrpgcq rm
_aosgpc lcu asqrmkcpq, ?lb _jqm uc ugjj amlrglsc rm jmmi dmp rfc K$? r_pecrq, Rfc amkn_lgcq qsaf _q rfgq APK amkn_lw, Uc%jj amlrglsc rm jmmi
dmp* dmp cv_knjc* rfc PN? `sqglcqq* rfc ?G `sqglcqq* rfc ABN `sqglcqq rm amlrglsc rm _bb rm msp npmbsar kgv, Qm rfc K$? ugjj `c _ ++ mlc md rfc icw
qrp_rcegcq dmp rfc amkn_lw gl rfc jmle rcpk, ?lb _jqm* rfc glrcpl_rgml_j ++ rfc mtcpqc_q k_picrq* _q G kclrgmlcb bspgle rfc a_jj* msp H_n_l `sqglcqq
gq ++ f_q `ccl bmgle pc_jjw* pc_jjw ucjj dmp rfc n_qr 0 wc_pq, ?lb msp H_n_l `sqglcqq ugjj ++ uc cvncar msp H_n_l `sqglcqq ugjj _ars_jjw `c kmpc rf_l
bms`jcb rfgq wc_p gl rcpkq md rfc pctclsc, ?lb uc _pc pgefr lmu cvnjmpgle rfc lcu k_picrq gl Qmsrfc_qr ?qg_ _q ucjj, Qm rfc glrcpl_rgml_j cvn_lqgml
ugjj _jqm `c mlc md msp icw qrp_rcegcq glrm rfc dsrspc,
Qm `w bmgle _jj md rf_r* uc cvncar msp pctclscq* msp epmqq k_pegl _lb _jqm msp `mrrmk jglc ugjj gknpmtc glrm rfc dsrspc mtcp rfc jmle rcpk, ?lb gl
1 mp 3 wc_pq* 1 wc_pq npm`_`jw gq rmm qfmpr md rgkc, Gl 3 rm 6 wc_pq* uc cvncar rfc ++ `w bmgle _jj md rfc rfgleq G hsqr kclrgmlcb* rfc amkn_lw qfmsjb
`c _`jc rm f_tc _ k_picr qf_pc md 3# rm /.# md rfc rmr_j k_picr md ajmsb+`_qcb amkkslga_rgml k_picr gl Afgl_, Bgb G kgqq _lw oscqrgml=
Tina Hou
Rf_li wms, Wcq, Rf_li wms,
0
L?@CHCNCP MNL??N?P?HNM v qqq(l_`chcncp(]ig v =ihn[]n Om
‚,*,+ L_`chcncp( ;ff lcabnm l_m_lp_^( L_jo\fc][ncih il l_^cmnlc\oncih i` L_`chcncp ]ihn_hn& ch]fo^cha \s `l[gcha il mcgcf[l g_[hm& cm jlibc\cn_^ qcnbion nb_ jlcil qlcnn_h
]ihm_hn i` L_`chcncp( !L_`chcncp! [h^ nb_ L_`chcncp fiai [l_ l_acmn_l_^ nl[^_g[lem i` L_`chcncp [h^ cnm [``cfc[n_^ ]igj[hc_m(
FILED: NEW YORK COUNTY CLERK 12/03/2021 07:37 PM INDEX NO. 652617/2021
NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 12/03/2021
G;L=B ,0& ,*,+ ) +,4**JG& L;;M(H ' K. ,*,* =fiij_h Alioj Bif^cha Fn^ ?[lhcham =[ff
Operator
&Mncp_rmp Glqrpsargmlq' Msp lcvr oscqrgml amkcq dpmk Fs_lhg Jg dpmk AGAA,
Huanji Li
Mi_w, Kw dgpqr oscqrgml gq ml msp 0.0/ esgb_lac _lb ml rfc pctclsc _lb EN k_pegl, ?lb dmp rfc SA$A `sqglcqq* Y`ca_sqc[ n_pr md rfc Ywms q_gb rfc[
mrfcpq ucpc bcj_wcb gl 0.0. bsc rm AMTGB+/7, Qm fmu gq rf_r bcjgtcpw n_ac gl 0.0/=
?lb dmp rfc SA$A asppclr `sqglcqq `ca_sqc wms%pc hsqr j_slafgle j_qr wc_p, Qm amsjb wms qf_pc kmpc _`msr rfc SA$A* rfc asppclr `sqglcqq snb_rc=
Rfc qcamlb oscqrgml gq _jqm ml rfc K$? `ca_sqc wms f_tc kmpc K$? nj_l rfgq wc_p _lb `cwmlb, Qm uf_r _pc rfc kcrpgaq rf_r uc r_ic glrm _aamslr
ml rf_r=
Kw rfgpb oscqrgml gq* `ca_sqc rfc icw qrp_rcew asppclrjw gq rm e_gl kmpc k_picr qf_pc, Qm amsjb wms cj_`mp_rc kmpc _`msr msp nj_lq ml clf_lagle
rfc bgqrpg`srgml af_llcj a_n_`gjgrgcq gl bmkcqrga qcamlb rgcp agrgcq=
Yipeng Li
Mi_w, Dmp rfc dgpqr oscqrgml* dmp msp SA$A `sqglcqq* wcq* sldmprsl_rcjw* qglac kmqr md rfc ajgclrq SA$A `sqglcqq qcptcq msp j_pec clrcpnpgqc asqrmkcpq*
qm rfcw ucpc gkn_arcb, Msp SA$A `sqglcqq u_q gkn_arcb `w rfc AMTGB+/7 msr`pc_i rfc kmqr dmp j_qr wc_p, Qm rfc pctclsc gq _ars_jjw dmp SA$A
`sqglcqq bcapc_qcb _ jgrrjc `gr, @sr _q rfc gkn_ar dpmk AMTGB+/7 msr`pc_i f_q `ccl bgq_nnc_pgle dmp rfc n_qr qctcp_j kmlrfq* qm uc q_u msp SA$A
`sqglcqq f_q `mslacb `_ai tcpw qgelgdga_lrjw, Dmp ++ ucjj* G npm`_`jw a_l%r egtc _ npmhcargml dmp rf_r `sqglcqq mljw dmp rfc dgpqr os_prcp mp dmp rfgq wc_p*
`sr uc dsjjw cvncar msp SA$A `sqglcqq ugjj glapc_qc `w _ p_rfcp qgelgdga_lr ncpaclr_ec dmp rfgq wc_p,
Gl rcpkq md uf_r iglb md `sqglcqq qcekclrq uc glajsbcb gl msp SA$A `sqglcqq* pgefr lmu* rfc dgpqr mlc gq rfc ++ uc mddcp _ qgkgj_p npmbsar rm BgleR_ji
md ?jg`_`_ mp rfc UcAf_r dpmk Rclaclr* `sr ml _ npgt_rc ajmsb+`_qcb* r_gjmp+k_bc qmjsrgml rm j_pec clrcpnpgqc asqrmkcpq* cqncag_jjw QMCq, Qm uc
_pc lmr amkncrgle ugrf Rclaclr _lb ?jg`_`_ `sr uc bm rfgleq bgddcpclrjw, ?ars_jjw* rfcpc _pc epc_r k_picr nmrclrg_j gl rfgq qcarmp,
?lb _lmrfcp rfgle uc bm dmp msp SA$A `sqglcqq gq msp AT `sqglcqq* msp Amknsrcp Tgqgml `sqglcqq, Msp Amknsrcp Tgqgml `sqglcqq* uc _ars_jjw mljw
qr_prcb rfmqc dpmk rfc qcamlb f_jd md j_qr wc_p* `sr rfgq `sqglcqq f_q `ccl glapc_qgle pc_jjw* pc_jjw d_qr, ?ars_jjw* ufcl G kclrgmlcb Rclaclr f_q _
epc_r q_jcq af_llcj dmp msp amkn_lw* AT _ars_jjw ++ msp AT rc_k f_q qctcp_j npmhcarq ++ qctcp_j amlrp_arq qgelcb dpmk Rclaclr Afgl_ _q ucjj, Qm
Rclaclr _ars_jjw a_l fcjn msp AT `sqglcqq tcpw epc_rjw _q ucjj,
Wmsp ucpc ++ G%k qmppw* G bgbl%r iglb md pckck`cp wmsp qcamlb oscqrgml, Wmsp qcamlb oscqrgml gq ++ a_l wms pcnc_r rf_r qcamlb oscqrgml _e_gl=
Huanji Li
Wcq, Ml rfc K$? nj_l rfgq wc_p _lb `cwmlb* uf_r _pc rfc kcrpgaq rf_r uc r_ic glrm _aamslr ml rf_r= Uf_r _pc rfc kc_qspckclrq uc cvncar gl _l
K$? r_pecr=
Yipeng Li
Wms kc_l dmp rfc _aosgqgrgml md msp ++ rfc APK amkn_lw=
1
L?@CHCNCP MNL??N?P?HNM v qqq(l_`chcncp(]ig v =ihn[]n Om
‚,*,+ L_`chcncp( ;ff lcabnm l_m_lp_^( L_jo\fc][ncih il l_^cmnlc\oncih i` L_`chcncp ]ihn_hn& ch]fo^cha \s `l[gcha il mcgcf[l g_[hm& cm jlibc\cn_^ qcnbion nb_ jlcil qlcnn_h
]ihm_hn i` L_`chcncp( !L_`chcncp! [h^ nb_ L_`chcncp fiai [l_ l_acmn_l_^ nl[^_g[lem i` L_`chcncp [h^ cnm [``cfc[n_^ ]igj[hc_m(
FILED: NEW YORK COUNTY CLERK 12/03/2021 07:37 PM INDEX NO. 652617/2021
NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 12/03/2021
G;L=B ,0& ,*,+ ) +,4**JG& L;;M(H ' K. ,*,* =fiij_h Alioj Bif^cha Fn^ ?[lhcham =[ff
Huanji Li
Mp gl dsrspc* jgic ufcl uc qcjcar rfc K$? r_pecr=
Yipeng Li
Mi_w, Mi_w, G qcc, Wcq, Ufcl uc jmmi _r msp nmrclrg_j K$? r_pecrq* uc _ars_jjw jmmi _r gr dpmk 0 u_wq, Mlc gq rm _bb rfc npmbsarq* rm _bb kmpc lcu
dc_rspcq rm msp npmbsar kgv, Uc u_lr rm cvn_lb msp npmbsar mddcpgleq, Rfgq APK amkn_lw gq _ epc_r cv_knjc md rfgq qrp_rcew, Uc u_lr rm _bb APK
rm msp asppclr npmbsar mddcpgleq, ?lb _jqm* glrm rfc dsrspc* uc k_w _bb kmpc bgddcpclr npmbsar dc_rspcq rm msp npmbsar mddcpgleq _q ucjj,
?lb _lmrfcp u_w ufcl uc jmmi _r msp nmrclrg_j K$? gq rm bm qmkc iglb md rfc glbsqrpw amlqmjgb_rgml, Rf_r u_w* uc a_l _bb rfcgp asqrmkcp `_qc
rm msp asppclr asqrmkcp `_qc, ?lb _jqm* uc a_l _bb _ p_rfcp qgelgdga_lr _kmslr md pctclsc rm msp rmr_j mncp_rgmlq rm dsprfcp ugbcl rfc e_n `cruccl
sq _lb mrfcp amkncrgrmpq, Qglac uc _pc rfc mljw mlc gl Afgl_ rf_r a_l mddcp rfgq ksjrgnpmbsar* mlc+qmjsrgml qrp_rcew* uc u_lr rm r_ic rfgq _bt_lr_ec,
?lb _jqm `w `cgle _ ns`jga amkn_lw lmu* uc u_lr rm sqc rfc nmucp dpmk rfc a_ngr_j k_picrq rm bm kmpc amlqmjgb_rgml gl msp k_picrq _q ucjj,
?lb wmsp rfgpb oscqrgml gq= Wcq, Wcq* G pckck`cp* pce_pbgle rfc cvn_lqgml glrm jmucp+rgcp agrgcq= Wcq* uc _ars_jjw mnclcb qctcp_j lcu ++ uc hsqr
mnclcb qctcp_j lcu _ars_jjw mddgacq gl * gl rfmqc agrgcq gl _bbgrgml rm kmpc rf_l /. mp /0 q_jcq pcn mddgacq uc _jpc_bw f_b gl jmucp+rgcp agrgcq, Qm uc
ugjj amlrglsc rm cvn_lb glrm jmucp+rgcp agrgcq, Uc qcc epc_r bck_lb* epc_r k_picr nmrclrg_j gl jmucp+rgcp agrgcq* cqncag_jjw dmp k_lw* k_lw QKCq ufm
_pc gl rfc jmucp+rgcp agrgcq rf_r pgefr lmu k_w lmr f_tc rfgq iglb md qmjsrgml _t_gj_`jc rm rfck, ?lb _jqm* qnc_igle md msp cvn_lqgml rm jmucp+rgcp
agrgcq* G rfgli* _r rfc q_kc rgkc* uc ugjj cvn_lb rm bm kmpc af_llcj q_jcq _q ucjj, Pgefr lmu* kmqr md msp q_jcq _pc bgpcar q_jcq, @sr _q uc cvn_lb
glrm jmucp+rgcp agrgcq* uc k_w bm kmpc af_llcj q_jcq gl rfgq wc_p amkn_pcb rm j_qr wc_p,
Operator
?lb j_bgcq _lb eclrjckcl* qfmugle lm dsprfcp oscqrgmlq* rfgq ugjj amlajsbc msp oscqrgml+_lb+_lqucp qcqqgml, ?r rfgq rgkc* G%b jgic rm rspl rfc
amldcpclac a_jj `_ai mtcp rm YCj_glc[ dpmk Gltcqrmp Pcj_rgmlq dmp ajmqgle pck_piq,
Unidentified Company Representative
Mlac _e_gl* rf_li wms* ctcpwmlc* dmp hmglgle rmb_w%q a_jj, Uc jmmi dmpu_pb rm qnc_igle ugrf wms _e_gl qmml, Emmb b_w _lb emmb lgefr,
Operator
?lb j_bgcq _lb eclrjckcl* rfgq bmcq amlajsbc rmb_w%q amldcpclac a_jj, Wms k_w lmu bgqamllcar wmsp jglcq, Uc rf_li wms dmp _rrclbgle,
DISCLAIMER
Pcdglgrgt pcqcptcq rfc pgefr rm k_ic af_lecq rm bmaskclrq* amlrclr* mp mrfcp gldmpk_rgml ml rfgq uc` qgrc ugrfmsr m`jge_rgml rm lmrgdw _lw ncpqml md qsaf af_lecq,
Gl rfc amldcpclac a_jjq snml ufgaf Ctclr Rp_lqapgnrq _pc `_qcb* amkn_lgcq k_w k_ic npmhcargmlq mp mrfcp dmpu_pb+jmmigle qr_rckclrq pce_pbgle _ t_pgcrw md grckq, Qsaf dmpu_pb+jmmigle qr_rckclrq _pc `_qcb snml
asppclr cvncar_rgmlq _lb gltmjtc pgqiq _lb slacpr_glrgcq, ?ars_j pcqsjrq k_w bgddcp k_rcpg_jjw dpmk rfmqc qr_rcb gl _lw dmpu_pb+jmmigle qr_rckclr `_qcb ml _ lsk`cp md gknmpr_lr d_armpq _lb pgqiq* ufgaf _pc kmpc
qncagdga_jjw gbclrgdgcb gl rfc amkn_lgcq% kmqr pcaclr QCA dgjgleq, ?jrfmsef rfc amkn_lgcq k_w glbga_rc _lb `cjgctc rf_r rfc _qqsknrgmlq slbcpjwgle rfc dmpu_pb+jmmigle qr_rckclrq _pc pc_qml_`jc* _lw md rfc
_qqsknrgmlq amsjb npmtc gl_aasp_rc mp glamppcar _lb* rfcpcdmpc* rfcpc a_l `c lm _qqsp_lac rf_r rfc pcqsjrq amlrcknj_rcb gl rfc dmpu_pb+jmmigle qr_rckclrq ugjj `c pc_jgxcb,
RFC GLDMPK?RGML AMLR?GLCB GL CTCLR RP?LQAPGNRQ GQ ? RCVRS?J PCNPCQCLR?RGML MD RFC ?NNJGA?@JC AMKN?LW%Q AMLDCPCLAC A?JJ ?LB UFGJC CDDMPRQ ?PC K?BC RM NPMTGBC ?L ?AASP?RC RP?LQAPGNRGML*
RFCPC K?W @C K?RCPG?J CPPMPQ* MKGQQGMLQ* MP GL?AASP?AGCQ GL RFC PCNMPRGLE MD RFC QS@QR?LAC MD RFC AMLDCPCLAC A?JJQ, GL LM U?W BMCQ PCDGLGRGT MP RFC ?NNJGA?@JC AMKN?LW ?QQSKC ?LW
PCQNMLQG@GJGRW DMP ?LW GLTCQRKCLR MP MRFCP BCAGQGMLQ K?BC @?QCB SNML RFC GLDMPK?RGML NPMTGBCB ML RFGQ UC@ QGRC MP GL ?LW CTCLR RP?LQAPGNR, SQCPQ ?PC ?BTGQCB RM PCTGCU RFC ?NNJGA?@JC
AMKN?LW%Q AMLDCPCLAC A?JJ GRQCJD ?LB RFC ?NNJGA?@JC AMKN?LW%Q QCA DGJGLEQ @CDMPC K?IGLE ?LW GLTCQRKCLR MP MRFCP BCAGQGMLQ,
†0.0/* Pcdglgrgt, ?jj Pgefrq Pcqcptcb, 14633050-2021-03-27T05:19:38.100
2
L?@CHCNCP MNL??N?P?HNM v qqq(l_`chcncp(]ig v =ihn[]n Om
‚,*,+ L_`chcncp( ;ff lcabnm l_m_lp_^( L_jo\fc][ncih il l_^cmnlc\oncih i` L_`chcncp ]ihn_hn& ch]fo^cha \s `l[gcha il mcgcf[l g_[hm& cm jlibc\cn_^ qcnbion nb_ jlcil qlcnn_h
]ihm_hn i` L_`chcncp( !L_`chcncp! [h^ nb_ L_`chcncp fiai [l_ l_acmn_l_^ nl[^_g[lem i` L_`chcncp [h^ cnm [``cfc[n_^ ]igj[hc_m(
Preview
FILED: NEW YORK COUNTY CLERK 12/03/2021 07:37 PM INDEX NO. 652617/2021 NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 12/03/2021 L?@CHCNCP MNL??N?P?HNM EDITED TRANSCRIPT L;;M(H ' K. ,*,* =fiij_h Alioj Bif^cha Fn^ ?[lhcham =[ff ?P?HN >;N?)NCG?4 G;L=B ,0& ,*,+ ) +,4**JG AGN L?@CHCNCP MNL??N?P?HNM v qqq(l_`chcncp(]ig v =ihn[]n Om ‚,*,+ L_`chcncp( ;ff lcabnm l_m_lp_^( L_jo\fc][ncih il l_^cmnlc\oncih i` L_`chcncp ]ihn_hn& ch]fo^cha \s `l[gcha il mcgcf[l g_[hm& cm jlibc\cn_^ qcnbion nb_ jlcil qlcnn_h ]ihm_hn i` L_`chcncp( !L_`chcncp! [h^ nb_ L_`chcncp fiai [l_ l_acmn_l_^ nl[^_g[lem i` L_`chcncp [h^ cnm [``cfc[n_^ ]igj[hc_m( FILED: NEW YORK COUNTY CLERK 12/03/2021 07:37 PM INDEX NO. 652617/2021 NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 12/03/2021 G;L=B ,0& ,*,+ ) +,4**JG& L;;M(H ' K. ,*,* =fiij_h Alioj Bif^cha Fn^ ?[lhcham =[ff CORPORATE PARTICIPANTS Yipeng Li CONFERENCE CALL PARTICIPANTS Huanji Li Mark Li Tina Hou PRESENTATION Operator J_bgcq _lb eclrjckcl* rf_li wms dmp qr_lbgle `w* _lb ucjamkc rm Ajmmncl%q Dmsprf Os_prcp _lb Dsjj Wc_p 0.0. C_plgleq Amldcpclac A_jj, &Mncp_rmp Glqrpsargmlq' Rmb_w%q amldcpclac a_jj gq `cgle pcampbcb, Gd wms f_tc _lw m`hcargmlq* wms k_w bgqamllcar _r rfgq rgkc, G umsjb lmu jgic rm rspl rfc amldcpclac a_jj mtcp rm wmsp fmqr rmb_w* YCj_glc B_g*[ Ajmmncl%q Gltcqrmp Pcj_rgmlq, Njc_qc em _fc_b, Unidentified Company Representative Fcjjm* ctcpwmlc* _lb rf_li wms dmp hmglgle Ajmmncl%q Dmsprf Os_prcp _lb Dsjj Wc_p 0.0. C_plgleq Amldcpclac A_jj, Rfc amkn_lw%q dgl_lag_j _lb mncp_rgle pcqsjrq ucpc gqqscb gl _ npcqq pcjc_qc tg_ Lcuqugpc qcptgacq c_pjgcp rmb_w _lb _pc nmqrcb mljglc, Wms a_l bmuljm_b rfc c_plgleq npcqq pcjc_qc _lb qgel sn dmp msp bgqrpg`srgml jgqr `w tgqgrgle msp GP uc`qgrc, N_prgagn_lrq ml rmb_w%q a_jj ugjj `c Kp, Af_levsl Qsl* msp Dmslbcp _lb Afgcd Cvcasrgtc Mddgacp9 _lb Kp, Qrctcl Jg* msp Afgcd Dgl_lag_j Mddgacp, Qrctcl ugjj npmtgbc _l snb_rc ml msp mncp_rgml_j ncpdmpk_lac _q ucjj _q msp qrp_rcega glgrg_rgtc ml `cf_jd md msp ACM* Kp, Qsl* _lb rfcl fc ugjj egtc wms _l mtcptgcu md msp dgl_lag_j ncpdmpk_lac _lb npmtgbc esgb_lac dmp rfc dgpqr os_prcp md 0.0/, K_l_eckclr ugjj `cegl ugrf npcn_pcb pck_piq* _lb rfc a_jj ugjj amlajsbc ugrf _ O$? qcqqgml, @cdmpc G f_lb gr mtcp rm rfc k_l_eckclr* G%b jgic rm pckglb wms md Ajmmncl%q q_dc f_p`mp qr_rckclr gl pcj_rgml rm rmb_w%q a_jj, Cvacnr dmp rfc fgqrmpga_j gldmpk_rgml amlr_glcb fcpcgl* acpr_gl k_rrcpq bgqasqqcb gl rfc amldcpclac a_jj _pc dmpu_pb+jmmigle qr_rckclrq, Rfcqc qr_rckclrq _pc `_qcb ml asppclr rpclbq* cqrgk_rcq _lb npmhcargmlq* _lb rfcpcdmpc* wms qfmsjb lmr nj_ac slbsc pcjg_lac ml rfck, Dmpu_pb+jmmigle qr_rckclrq gltmjtc glfcpclr pgqiq _lb slacpr_glrgcq, ? lsk`cp md gknmpr_lr d_armpq amsjb a_sqc _ars_j pcqsjrq rm bgddcp k_rcpg_jjw dpmk rfmqc amlr_glcb gl _lw dmpu_pb+jmmigle qr_rckclrq, Dmp kmpc gldmpk_rgml _`msr rfc nmrclrg_j pgqiq _lb slacpr_glrgcq* njc_qc pcdcp rm rfc amkn_lw%q dgjgleq ugrf rfc Qcaspgrgcq _lb Cvaf_lec Amkkgqqgml, Ugrf rf_r* G ugjj lmu rspl rfc a_jj mtcp rm msp ADM* Qrctcl Jg, Yipeng Li Rf_li wms* YCj_glc[, Fcjjm* ctcpwmlc* _lb rf_li wms dmp hmglgle sq rmb_w, G%k njc_qcb rm bcjgtcp rmb_w%q mnclgle pck_piq ml `cf_jd md msp ACM* Kp, Qsl, Rfgq gq msp dgpqr c_plgleq a_jj _q _ ns`jga amkn_lw dmjjmugle msp GNM gl Dc`ps_pw rfgq wc_p, Uc _pc cvagrcb rm qnc_i ugrf _jj md wms _`msr msp dgl_lag_j _lb mncp_rgle pcqsjrq _lb rm snb_rc wms pce_pbgle msp hmsplcw rm rp_lqdmpk rfc clrcpnpgqc amkkslga_rgmlq glbsqrpw gl Afgl_, K_lw md wms jgqrclgle rmb_w k_w `c lcu rm msp qrmpw, Qm jcr kc qnclb _ dcu kmkclrq bcqapg`gle msp `sqglcqq `cdmpc u_jigle rfpmsef msp dsjj wc_p _lb dmsprf os_prcp fgefjgefrq, , L?@CHCNCP MNL??N?P?HNM v qqq(l_`chcncp(]ig v =ihn[]n Om ‚,*,+ L_`chcncp( ;ff lcabnm l_m_lp_^( L_jo\fc][ncih il l_^cmnlc\oncih i` L_`chcncp ]ihn_hn& ch]fo^cha \s `l[gcha il mcgcf[l g_[hm& cm jlibc\cn_^ qcnbion nb_ jlcil qlcnn_h ]ihm_hn i` L_`chcncp( !L_`chcncp! [h^ nb_ L_`chcncp fiai [l_ l_acmn_l_^ nl[^_g[lem i` L_`chcncp [h^ cnm [``cfc[n_^ ]igj[hc_m( FILED: NEW YORK COUNTY CLERK 12/03/2021 07:37 PM INDEX NO. 652617/2021 NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 12/03/2021 G;L=B ,0& ,*,+ ) +,4**JG& L;;M(H ' K. ,*,* =fiij_h Alioj Bif^cha Fn^ ?[lhcham =[ff Uc _pc _ jc_bgle ksjrg+a_n_`gjgrw* ajmsb+`_qcb amkkslga_rgml qmjsrgml npmtgbcp gl Afgl_* mddcpgle _ dsjj qsgrc md ajmsb+`_qcb amkkslga_rgmlq qmjsrgmlq, Msp qcptgacq glajsbc amkkslga_rgmlq nj_rdmpk _q _ qcptgac* mp AN__Q9 ajmsb+`_qcb amlr_ar aclrcpq* mp AA9 _lb ajmsb+`_qcb slgdgcb amkkslga_rgmlq _lb amjj_`mp_rgmlq _jqm pcdcppcb rm _q SA$A, Msp AN__Q mddcpq qcptgacq qgkgj_p rm Rugjgm%q* _jjmugle clrcpnpgqcq rm _bb pc_j+rgkc amkkslga_rgmlq a_n_`gjgrgcq* qsaf _q tmgac _lb kcqq_egle* rm rfcgp _nnjga_rgmlq _lb qwqrckq `w bcnjmwgle ?NGq _lb QBIq, Ugrf msp AA qcptgac* clrcpnpgqcq a_l glrcp_ar ugrf asqrmkcpq rfpmsef bgddcpclr af_llcjq _r _ jmucp amqr _lb `crrcp cddgagclaw, Xclbcqi umsjb `c _ S,Q, amkn dmp rfgq rwnc md qcptgac, Msp rfgpb qcekclr* SA$A fcjnq clrcpnpgqcq k_l_ec amkkslga_rgmlq ugrfgl rfcgp mpe_lgx_rgml rfpmsef sqcp glrcpd_acq, Rfgq qcptgac gq qgkgj_p rm npmbsarq mddcpcb `w PgleAclrp_j gl S,Q, Msp npgkc asqrmkcpq gl Afgl_ _pc j_pec clrcpnpgqcq ugrf _ `pm_b p_lec md amkkslga_rgml bck_lbq, Ugrf msp amknpcfclqgtc `sqglcqq nmprdmjgm* uc _pc `crrcp nmqgrgmlcb rm dsjdgjj rfmqc `sqglcqq bck_lbq, Gl 0.0.* uc eclcp_rcb _`msr 5.# md msp rmr_j pctclscq dpmk j_pec clrcpnpgqc asqrmkcpq8 ?`msr /-1 md rfcqc asqrmkcpq cknjmwcb kmpc rf_l / a_rcempw md msp qmjsrgmlq* npmtgbgle sq amlqgbcp_`jc apmqq+qcjjgle _lb snqcjjgle nmrclrg_j, Gl _bbgrgml* rfc kgep_rgml md rfc amkkslga_rgmlq glbsqrpw rm ajmsb+`_qcb qmjsrgmlq f_q mljw hsqr `cesl gl Afgl_, Rfc nclcrp_rgml md ajmsb+`_qcb amkkslga_rgmlq gl Afgl_ u_q hsqr 0,5# gl 0./7 amkn_pcb rm pmsefjw /.# gl S,Q, Rfc k_picr gq _jqm tcpw dp_ekclrcb* _lb rfcpcdmpc* pgnc dmp amlqmjgb_rgml, Uc _pc amldgbclr rf_r msp pcamelgxcb jc_bcpqfgn nmqgrgml _lb amknpcfclqgtc ajmsb+`_qcb amkkslga_rgmlq qmjsrgmlq nsr sq gl _ nmqgrgml rm _b_nr rm k_picr bwl_kgaq _lb a_ngr_jgxc ml rfc rpckclbmsq epmurf mnnmprslgrw, G rfgli gr emcq ugrfmsr q_wgle rf_r 0.0. u_q _ wc_p rf_r f_q rcqrcb _jj md sq gl mlc u_w mp _lmrfcp, Rfpmsef gleclsgrw* _b_nr_`gjgrw _lb _ epc_r bc_j md f_pb umpi* msp rc_k u_q _`jc rm umpi rfpmsef npm`jckq* kccr af_jjclecq _lb qcgxc snml mnnmprslgrgcq, Rfgq gq ctgbclacb `w msp pcqsjrq, Uc%pc npmsb rf_r uc f_tc lmr mljw Ynpcqcptcb[ rfpmsef rfc cvrp_mpbgl_pw wc_p* `sr f_tc `ccl _`jc rm amkc msr ctcl qrpmlecp, Msp GNM gl Dc`ps_pw rfgq wc_p u_q _ rcqr_kclr rm msp f_pb umpi _lb pcamelgrgml md msp k_picr jc_bcpqfgn nmqgrgml, Rfc GNM _jqm p_gqcb msp `p_lb%q npmdgjc qgelgdga_lrjw ml rfc glrcpl_rgml_j qr_ec, Bcqngrc rfc slnpcacbclrcb af_jjclecq npcqclrcb `w rfc AMTGB+/7 n_lbckga* uc _pc njc_qcb rm pcnmpr _ qmjgb 0.0. rmn jglc epmurf md /6,/# wc_p+mtcp+wc_p ugrf pctclsc md PK@ 545,5 kgjjgml* bpgtcl `w _ /1# cvn_lqgml gl rfc lsk`cp md _argtc asqrmkcpq rm pc_af mtcp /1*... _lb `w rfc clb md 0.0. _q amkn_pcb rm rfc lsk`cp md _argtc asqrmkcpq _q md Bcack`cp 1/* 0./7, Uc _pc bcjgefrcb rm qcc rfc msrqr_lbgle t_jsc npmnmqgrgml rf_r msp npmbsarq _lb qcptgacq bcjgtcp pcqml_rc ugrf kmpc _lb kmpc clrcpnpgqcq gl rfc k_picrnj_ac, Gl rfc dgpqr os_prcp md 0.0.* uc dgpkjw cvcasrcb ml msp kgqqgml* amlrglsgle rm asjrgt_rc _l cvn_lbgle asqrmkcp `_qc _lb dsprfcp bctcjmn msp ajmsb _lb ?G+`_qcb amkkslga_rgml qcptgacq mddcpgle, Pctclscq gl rfc dgpqr os_prcp glapc_qcb rm PK@ 036,5 kgjjgml* pcnpcqclrgle _ /3,3# glapc_qc wc_p+mtcp+wc_p, Lcvr* jcr kc npmtgbc qmkc fgefjgefrq ml rfc `sqglcqq qcekclr jctcj, Uc amlrglscb rm qcc bms`jc+bgegr epmurf gl 0.0. dmp msp AN__Q qcekclr, Pctclsc dpmk AN__Q gl 0.0. epcu `w /3,7# rm PK@ 2..,/ kgjjgml* npgk_pgjw bsc rm rfc p_ngb epmurf md msp rcvr kcqq_egle qcptgacq* ufgaf q_u glapc_qcb bck_lb dpmk acpr_gl j_pec clrcpnpgqcq _q ucjj _q qgelgdga_lr glapc_qcq gl pctclscq eclcp_rcb dpmk msp GmR qcptgacq, Gl rfc dgpqr os_prcp md 0.0.* pctclsc dmp AN__Q u_q PK@ /1.,3 kgjjgml, Msp ajmsb+`_qcb AA qcekclr u_q rfc qr_lbmsr ncpdmpkcp gl 0.0.* qccgle pctclscq glapc_qcb `w 2/,0# rm PK@ 023,/ kgjjgml* bpgtcl `w _ qgelgdga_lr glapc_qc gl asqrmkcp lsk`cpq, Rf_r ncpdmpk_lac amsjb f_tc `ccl ctcl qrpmlecp gd gr u_ql%r dmp qfpgligle md rfc `sqglcqq `w acpr_gl kcbgsk mp qk_jj clrcpnpgqc asqrmkcpq ufm ucpc _ddcarcb `w rfc AMTGB+/7 msr`pc_i, Uc q_u qmkc md rfgq sluglb gl rfc dmsprf os_prcp md 0.0.* ufcpc rfc AA pctclsc gq sn 52# wc_p+ml+wc_p rm PK@ 7. kgjjgml &qga' YPK@ 7/,3 kgjjgml*[ bpgtcl `w rfc pcjc_qc md slbcpqcptcb bck_lb bspgle rfc AMTGB+/7 msr`pc_i gl rfc dgpqr f_jd md 0.0., Ajmsb+`_qcb SA$A qmjsrgmlq f_b _ kmpc bgddgasjr wc_p ugrf pctclscq bcapc_qgle _ 1,7# rm PK@ //6,1 kgjjgml gl 0.0. _lb bcapc_qgle 7,3# wc_p+mtcp+wc_p gl rfc dgpqr os_prcp md 0.0. rm PK@ 14,3 kgjjgml, Rfcqc bcajglcq npgk_pgjw a_kc _q _ pcqsjr md bcj_wcb npmhcar bcjgtcpw bsc rm rfc AMTGB+/7 msr`pc_i, ?q uc kmtc _fc_b gl 0.0/* uc f_tc qccl msp `sqglcqq _aacjcp_rc qgelgdga_lrjw gl rfc dgpqr os_prcp* `clcdgrgle dpmk rfc `pm_b+`_qcb camlmkw ++ camlmkga pcamtcpw `cgle cvncpgclacb `w Afgl_, Uc f_tc qsaacqqdsjjw _aosgpcb lcu j_pec clrcpnpgqc asqrmkcpq ugrf lsk`cpq gl rfc rcclq, ?lb msp bmjj_p+`_qcb lcr asqrmkcp pcrclrgml p_rc f_q `mslacb `_ai rm _`mtc /..# gl rfc `cegllgle md 0.0/, Glrcpl_rgml_jjw* uc f_tc pcegqrcpcb qgelgdga_lr epmurf dpmk msp H_n_l `sqglcqq _q ucjj _q k_bc npmepcqq ugrf k_picr clrpw gl Qmsrfc_qr ?qg_* kmqr pcaclrjw mnclgle msp dgpqr mddgac gl Qmsrfc_qr ?qg_, - L?@CHCNCP MNL??N?P?HNM v qqq(l_`chcncp(]ig v =ihn[]n Om ‚,*,+ L_`chcncp( ;ff lcabnm l_m_lp_^( L_jo\fc][ncih il l_^cmnlc\oncih i` L_`chcncp ]ihn_hn& ch]fo^cha \s `l[gcha il mcgcf[l g_[hm& cm jlibc\cn_^ qcnbion nb_ jlcil qlcnn_h ]ihm_hn i` L_`chcncp( !L_`chcncp! [h^ nb_ L_`chcncp fiai [l_ l_acmn_l_^ nl[^_g[lem i` L_`chcncp [h^ cnm [``cfc[n_^ ]igj[hc_m( FILED: NEW YORK COUNTY CLERK 12/03/2021 07:37 PM INDEX NO. 652617/2021 NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 12/03/2021 G;L=B ,0& ,*,+ ) +,4**JG& L;;M(H ' K. ,*,* =fiij_h Alioj Bif^cha Fn^ ?[lhcham =[ff Gl K_paf* uc clrcpcb glrm _ bcdglgrgtc _epcckclr rm _aosgpc CjgrcAPK* _ jc_bgle asqrmkcp pcj_rgmlqfgn k_l_eckclr qmdru_pc npmtgbcp, Uc qcc qs`qr_lrg_j qwlcpegcq gl rcpkq md npmbsar nmprdmjgm _lb asqrmkcp `_qc dpmk rfgq _aosgqgrgml, Grq APK qmdru_pc _bbq rm msp a_n_`gjgrgcq gl qcptgle j_pec clrcpnpgqc ajgclrq _lb fcjn sq rm qmjgbgdw msp nmqgrgml _q _ amknpcfclqgtc qmjsrgml npmtgbcp, Gl rcpkq md asqrmkcp `_qc* CjgrcAPK f_q `sgjr sn _l gknpcqqgtc asqrmkcp nmprdmjgm* n_prgasj_pjw gl RlR _lb glqsp_lac* ufgaf ugjj amknjckclr msp fgqrmpga_jjw qrpmle nmqgrgml ugrf dgl_lag_j qcptgac qcarmp, Mlac rfc rp_lq_argml gq ajmqcb* uc cvncar CjgrcAPK rm gkkcbg_rcjw k_ic _ nmqgrgtc amlrpg`srgml rm msp `mrrmk jglc, Gl _ qcekclr pgnc dmp amlqmjgb_rgml* rfc _bbcb dgl_lag_j dgpcnmucp rf_r a_kc ugrf msp GNM egtcq sq _ epc_r dmslb_rgml ml ufgaf rfc lcvr qr_ec md rfc amkn_lw%q epmurf a_l `c `sgjr, Uc ugjj amlrglsc rm cvnjmpc mrfcp mnnmprslgrgcq rm qrpclerfcl msp amkn_lw rfpmsef K$? qcjcargtcjw _q rfc wc_p npmepcqqcq, Rfgq amlajsbcq Kp, Qsl%q npcn_pcb pck_piq, G ugjj lmu npmtgbc _ `pgcd mtcptgcu md msp dgl_lag_j pcqsjrq dmp rfc dgpqr os_prcp md 0.0., ?jj amkn_pgqmlq _pc wc_p+mtcp+wc_p _lb _jj lsk`cpq _pc gl PK@* sljcqq mrfcpugqc lmrcb, Msp pctclscq pc_afcb PK@ 036,5 kgjjgml gl rfc dgpqr os_prcp md 0.0.* glapc_qgle /3,3#, Rfc glapc_qc u_q k_gljw bpgtcl `w tcpw qrpmle ncpdmpk_lac dpmk msp ajmsb+`_qcb amlr_ar aclrcpq qmjsrgmlq `sqglcqq* ufgaf q_u pctclscq glapc_qcb 52# wc_p+mtcp+wc_p rm PK@ 7/,3 kgjjgml* npgk_pgjw bsc rm _l glapc_qc gl rfc lsk`cp md asqrmkcpq _q G kclrgmlcb c_pjgcp, Amqr md pctclscq glapc_qcb `w /7,0# rm PK@ /36 kgjjgml* ufgaf u_q bsc rm glapc_qcb amqr md pctclscq dpmk AN__Q qmjsrgmlq _q msp cvn_lbgle asqrmkcp `_qc bpmtc _l glapc_qc gl rcvrgle amqrq _lb _l glapc_qc gl amqr md pctclsc dpmk AA qmjsrgmlq* npgk_pgjw _q _ pcqsjr md msp glapc_qcb `sqglcqq qa_jc _q ucjj _q glapc_qcb gldp_qrpsarspc _lb cosgnkclr amqrq _q uc amlrglscb rm p_kn sn npmhcar bcjgtcpw, Epmqq npmdgr u_q PK@ /..,5 kgjjgml* /.,0# fgefcp rf_l rfc dmsprf os_prcp md 0./7, Lmu jcr%q jmmi _r msp cvnclqcq, Gl rfc dgpqr os_prcp* mncp_rgle cvnclqcq ucpc PK@ /6.,2 kgjjgml* pcnpcqclrgle _ 1.# glapc_qc dpmk PK@ /16,6 kgjjgml gl rfc dgpqr os_prcp md 0./7, P$B cvnclqcq glapc_qcb `w 3,6# rm PK@ 30,3 kgjjgml* npgk_pgjw bsc rm _l glapc_qc gl rcaflmjmew qcptgac cvnclqcq n_gb rm rfc rfgpb+n_prw msrqmspagle qcptgac npmtgbcpq dmp rfc bctcjmnkclr md acpr_gl lmlampc dc_rspcq _lb dslargmlq gl ajmsb+`_qcb SA$A qmjsrgmlq* n_prg_jjw mddqcr `w _ bcapc_qc gl rfc P$B qr_dd cvnclqc _q _ pcqsjr md _ pcbsargml gl qmag_j glqsp_lac amlrpg`srgmlq bsc rm d_tmp_`jc gkn_ar dpmk emtcplkclr pcjgcd nmjgagcq bspgle rfc AMTGB+/7 msr`pc_i, Qcjjgle _lb k_picrgle cvnclqcq glapc_qcb `w 07,2# rm PK@ 4.,5 kgjjgml* k_gljw bsc rm glapc_qc gl qr_dd cvnclqcq _lb rfc glapc_qc gl qnclbgle ml mljglc _btcprgqgle a_kn_gelq _lb k_picrgle qcptgacq _q rfc amkn_lw amlrglscq rm qa_jc grq `sqglcqq _lb pc_af _ ugbcp asqrmkcp `_qc, E$? cvnclqcq glapc_qcb `w 37,0# rm PK@ 45,/ kgjjgml, Rfc glapc_qc u_q npgk_pgjw bsc rm amqrq glasppcb npcn_pgle dmp rfc amkn_lw%q GNM _lb _l glapc_qc gl qf_pc+`_qcb amknclq_rgml cvnclqcq, Uc _jqm q_u _l glapc_qc gl msp bms`rdsj _aamslr npmtgqgml gl rfc ncpgmb, Lcr jmqq dmp rfc dgpqr os_prcp md 0.0. u_q PK@ 1.3,2 kgjjgml amkn_pcb ugrf PK@ 31,7 kgjjgml gl rfc dgpqr os_prcp md 0./7* ugrf rfc glapc_qc npgk_pgjw bpgtcl `w PK@ 02.,/ kgjjgml md lmla_qf grckq* glajsbgle af_lec gl d_gp t_jsc md u_pp_lr jg_`gjgrgcq md PK@ 002,6 kgjjgml _lb qf_pc+`_qcb amknclq_rgml md PK@ /3,2 kgjjgml, @_qga _lb bgjsrcb lcr jmqq ncp qf_pc u_q PK@ 15,43 gl rfc dgpqr os_prcp md 0.0., ?q md Bcack`cp 1/* 0.0.* rfc amkn_lw f_b PK@ 074,4 kgjjgml md a_qf _lb a_qf cosgt_jclrq, Dmp kmpc md msp 0.0. dsjj wc_p dgl_lag_j pcqsjrq* njc_qc pcdcp rm msp c_plgleq npcqq pcjc_qc dmp dsprfcp bcr_gjq, Jmmigle dmpu_pb rm 0.0/* uc `cjgctc uc _pc ucjj nmqgrgmlcb _q _ amkn_lw rm r_ic _bt_lr_ec md nclr+sn bck_lb dpmk clrcpnpgqc _argtgrgcq bcj_wcb gl 0.0. _lb a_nrspc cvn_lbgle ajmsb amkkslga_rgml qcptgacq bcnjmwkclr mnnmprslgrgcq* rfc nmqgrgtc gkn_ar md ufgaf uc f_tc _jpc_bw `cesl rm ugrlcqq gl rfc dgpqr os_prcp md 0.0/, Dmp rfc dgpqr os_prcp md 0.0/* Ajmmncl asppclrjw cvncarq pctclscq rm `c `cruccl PK@ /70 kgjjgml rm PK@ /75 kgjjgml* ufgaf umsjb pcnpcqclr _l glapc_qc md 23# rm 26,6# wc_p+mtcp+wc_p, Rfc _`mtc msrjmmi gq `_qcb ml rfc asppclr k_picr amlbgrgmlq _lb pcdjcar rfc amkn_lw%q asppclr _lb npcjgkgl_pw cqrgk_rcq md k_picr _lb mncp_rgle amlbgrgmlq _lb asqrmkcp bck_lb* ufgaf _pc _jj qs`hcar rm qs`qr_lrg_j slacpr_glrw, . L?@CHCNCP MNL??N?P?HNM v qqq(l_`chcncp(]ig v =ihn[]n Om ‚,*,+ L_`chcncp( ;ff lcabnm l_m_lp_^( L_jo\fc][ncih il l_^cmnlc\oncih i` L_`chcncp ]ihn_hn& ch]fo^cha \s `l[gcha il mcgcf[l g_[hm& cm jlibc\cn_^ qcnbion nb_ jlcil qlcnn_h ]ihm_hn i` L_`chcncp( !L_`chcncp! [h^ nb_ L_`chcncp fiai [l_ l_acmn_l_^ nl[^_g[lem i` L_`chcncp [h^ cnm [``cfc[n_^ ]igj[hc_m( FILED: NEW YORK COUNTY CLERK 12/03/2021 07:37 PM INDEX NO. 652617/2021 NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 12/03/2021 G;L=B ,0& ,*,+ ) +,4**JG& L;;M(H ' K. ,*,* =fiij_h Alioj Bif^cha Fn^ ?[lhcham =[ff Ugrf rf_r* G umsjb jgic rm mncl sn rfc a_jj rm oscqrgmlq, Mncp_rmp* njc_qc= QUESTIONS AND ANSWERS Operator &Mncp_rmp Glqrpsargmlq' Msp dgpqr oscqrgml rmb_w amkcq dpmk K_pi Jg dpmk Agrg, Mark Li G%k YH_ai[ Jg dpmk Agrg @_li Pcqc_paf, Kw dgpqr oscqrgml gq dmp rfc amlep_rsj_rgmlq ml rfc qrpmle epmurf gl rfc amlr_ar aclrcp `sqglcqq, K_w G ilmu uf_r gq rfc ncp qc_r epmurf= ?lb _lw amjmp ml rfc ?PNS epmurf ugrfgl rfgq qcekclr rf_r wms amsjb `pc_i bmul _lb egtc _ `gr kmpc amjmp= ?lb kw qcamlb oscqrgml gq* dmp wmsp dgpqr os_prcp esgb_lac* amsjb wms egtc sq _lw amjmp ml rfc epmurf dmp rfc k_hmp qcekclrq* g,c,* AA* SA$A _lb AN__Q= Yipeng Li Qspc, Dmp rfc dgpqr oscqrgml* _q dmp msp AA ncpdmpk_lac gl rfc dgpqr os_prcp md 0.0.* rfc glapc_qc u_q k_gljw bsc rm rfc glapc_qc md lsk`cp md asqrmkcpq _q G kclrgmlcb gl rfc a_jj, G rfgli G bgqasqqcb rfgq `cdmpc, Pgefr lmu* G rfgli rfc amkn_lw%q !/ npgmpgrw gq bm ++ rm ecr kmpc k_picr qf_pc rm _aosgpc kmpc asqrmkcpq* cvn_lb glrm kmpc qcarmpq mp kmpc glbsqrpgcq, Qm dpmk rfc amkn_lw%q ncpqncargtc* uc _pc lmr c_ecp rm pc_jjw glapc_qc rfc npgac md msp mddcpgleq* `sr p_rfcp rm f_tc kmpc _aacqq rm kmpc asqrmkcpq _lb _jqm rm rpw rm _qi msp asqrmkcpq rm n_w dmp _ kmpc npckgsk n_ai_ec md msp npmbsar mddcpgleq, ?q dmp rfc ++ msp esgb_lac dmp rfc dgpqr os_prcp md 0.0/* mtcp_jj* uc cvncar msp pctclsc ugjj glapc_qc `w ajmqc rm 3.#, ?kmle rfc 1 `sqglcqq jglcq* rfc AA `sqglcqq _lb SA$A `sqglcqq _nn_pclrjw _pc ksaf kmpc gknmpr_lr, ?lb _jqm* rfc amkn_lw ugjj gltcqr ksaf kmpc qrp_rcega pcqmspacq glrm rfmqc 0 qcekclrq* _q uc r_jicb `cdmpc, Qm rfc glapc_qc dmp rfc AA `sqglcqq _lb SA$A `sqglcqq ugjj `c ksaf fgefcp _ars_jjw amkn_pcb rm rfgq ++ rfc 26# ++ mp 23# rm 26# glapc_qc* cqncag_jjw rfc AA `sqglcqq, Uc cvncar msp AA `sqglcqq ugjj f_tc _ tcpw qrpmle ncpdmpk_lac gl rfc dgpqr os_prcp md 0.0/, Operator Msp lcvr oscqrgml amkcq dpmk Xgvs_l ?le dpmk Emjbk_l Q_afq, Tina Hou Rfgq gq Rgl_ Fms dpmk Emjbk_l Q_afq, Amlep_rsj_rgmlq ml rfc pcqsjrq, Qm G f_tc _ dcu oscqrgmlq* gd G k_w, Rfc dgpqr mlc gq rf_r amsjb wms egtc sq rfc `pc_ibmul gl rcpkq md epmqq k_pegl dmp rfc 1 qcekclrq dmp 0.0.= ?lb _jqm* rfc epmqq k_pegl msrjmmi dmp 0.0/ _q ucjj= Qcamlb oscqrgml gq* gl rcpkq md wmsp _aosgqgrgml* `ca_sqc gr%q qrgjj ++ G _qqskc qrgjj nclbgle ajmqspc, Qm G _qqskc rf_r rfc dgpqr os_prcp pcqsjr ++ mp rfc dgpqr os_prcp esgb_lac dmp 0.0/ bmcq lmr glajsbc _lw pctclsc amlrpg`srgml rfcpc wcr, Qm gq gr pc_qml_`jc rm _qqskc rf_r emgle glrm rfc qcamlb* rfgpb* dmsprf os_prcp md rfc wc_p* uc _pc emgle rm qcc ctcl `crrcp pctclsc rp_argml bsc rm rfc _aosgqgrgml= ?lb _jqm* uf_r gq rfc 0.0. _lls_j pctclsc _q ucjj _q epmqq k_pegl dmp CjgrcAPK amkn_lw= ?lb rfcl rfc rfgpb oscqrgml gq gl rcpkq md k_w`c Rclaclr `ca_sqc uc ilmu rf_r Rclaclr gltcqrcb gl &gl_sbg`jc' gl Lmtck`cp j_qr wc_p, Qm umlbcpgle fmu uc umsjb jgic rm jctcp_ec Rclaclr%q nj_rdmpk _lb rfcgp nmrclrg_j asqrmkcp `_qc rm cvn_lb msp `sqglcqq _lb k_picr qf_pc= / L?@CHCNCP MNL??N?P?HNM v qqq(l_`chcncp(]ig v =ihn[]n Om ‚,*,+ L_`chcncp( ;ff lcabnm l_m_lp_^( L_jo\fc][ncih il l_^cmnlc\oncih i` L_`chcncp ]ihn_hn& ch]fo^cha \s `l[gcha il mcgcf[l g_[hm& cm jlibc\cn_^ qcnbion nb_ jlcil qlcnn_h ]ihm_hn i` L_`chcncp( !L_`chcncp! [h^ nb_ L_`chcncp fiai [l_ l_acmn_l_^ nl[^_g[lem i` L_`chcncp [h^ cnm [``cfc[n_^ ]igj[hc_m( FILED: NEW YORK COUNTY CLERK 12/03/2021 07:37 PM INDEX NO. 652617/2021 NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 12/03/2021 G;L=B ,0& ,*,+ ) +,4**JG& L;;M(H ' K. ,*,* =fiij_h Alioj Bif^cha Fn^ ?[lhcham =[ff ?lb rfcl rfc j_qr oscqrgml gq _jqm pcj_rcb rm rf_r, Qm wms kclrgmlcb rf_r `ca_sqc Afgl_%q ajmsb amkkslga_rgml k_picr gq ksaf kmpc dp_ekclrcb rf_l gl rfc S,Q, Qm gl wmsp tgcu* _r uf_r ++ jgic fmu jmle umsjb gr r_ic dmp rfc Afglcqc k_picr rm `camkc rfc q_kc amlqmjgb_rgml jctcj _q rfc S,Q,= ?lb _jqm dmp &gl_sbg`jc' qncagdga_jjw* bm uc f_tc _lw kgb+ rm jmle+rcpk k_picr qf_pc r_pecr dmp cv_knjc* 3 mp /. wc_pq= Yipeng Li Mi_w, Wcq* qglac rfcpc _pc _ jmr md oscqrgmlq* qm G ugjj rpw rm ++ G rpw rm lmr kgqq _lw mlc, Gd G kgqq _lw oscqrgmlq* wms a_l hsqr pckglb kc mp _qi _e_gl, Qm wmsp dgpqr oscqrgml gq pce_pbgle rfc `pc_ibmul md msp ++ rfc epmqq k_pegl pce_pbgle rfc ++ c_af md msp `sqglcqq qcekclrq dmp 0.0., Mtcp_jj* rfc epmqq k_pegl dmp msp 0.0. ncpdmpk_lac gq 2.#, Rfc AN__Q `sqglcqq f_q rfc jmucp epmqq k_pegl* gq _`msr 06#* 07#, ?lb dmp rfc AA `sqglcqq* AA `sqglcqq f_q _ epmqq k_pegl md `cruccl 33# _lb 34#, ?lb _lb dmp rfc SA$A `sqglcqq* rfc epmqq k_pegl gq _pmslb 23#, Qm rf_r%q rfc `pc_ibmul dmp rfc 1 qcekclrq dmp rfc clrgpc wc_p md 0.0. gl rcpkq md epmqq k_pegl, Wmsp qcamlb oscqrgml gq pce_pbgle rfc _aosgqgrgml md ++ rfcpc%q _ APK amkn_lw* CjgrcAPK, Wcq* wms%pc pgefr, Uc ugjj lmr ++ uc _pc lmr cvncargle rm glajsbc _lw md rf_r pctclsc gl O/ `ca_sqc rfc _aosgqgrgml ugjj `c amknjcrcb _r c_pjgcqr _r rfc clb md rfgq kmlrf, Qm rfc ++ gl rcpkq md pctclsc amlrpg`srgml* rf_r ugjj qr_pr dpmk O0, @sr uf_r G umsjb jgic rm pckglb _jj md wms gq* rfc pc_qml ufw rfc amkn_lw _aosgpcb rfgq APK amkn_lw* lmr hsqr dmp rfc qfmpr+rcpk pctclsc amlrpg`srgml mp rfc lcr npmdgr amlrpg`srgml* `sr p_rfcp* uc u_lr rm _bb APK rm msp npmbsar mddcpgleq, ?q uc amlrglsc rm cvn_lb msp rmr_j qmjsrgmlq rm msp asqrmkcpq* APK _nn_pclrjw gq _ ampc dslargml dmp k_lw md msp asqrmkcpq, ?lb `w _bbgle rfmqc dslargml_j kmbsjc rm msp rmr_j qmjsrgmlq* uc `cjgctc rf_r ugjj _ars_jjw egtc rfc amkn_lw _ `crrcp nmqgrgml rm qcptc msp asqrmkcpq gl rfc jmle rcpk, ?lb _jqm* _q G kclrgmlcb bspgle rfc a_jj* uc f_tc _ epc_r qwlcpew ugrf rfgq APK amkn_lw* `mrf gl rcpkq md rfc asqrmkcp `_qc _lb gl rcpkq md rfc npmbsar mddcpgleq, Wcq, @sr rfc ++ uf_r G a_l rcjj _ jgrrjc `gr gq ++ rfc amkn_lw* ml _ wc_pjw `_qgq* rfc CjgrcAPK amkn_lw f_q _ pctclsc md pmsefjw `cruccl PK@ 3. kgjjgml rm PK@ 4. kgjjgml* qm gl rf_r p_lec, Qm rf_r ++ _lb _jqm rfgq amkn_lw _ars_jjw gq _ npmdgr+k_igle `sqglcqq, Qm rf_r ugjj `clcdgr msp `mrrmk jglc _q ucjj* _q G kclrgmlcb bspgle rfc a_jj, Wmsp lcvr oscqrgml* gd G pckck`cp amppcarjw* gq pce_pbgle rfc Rclaclr, Rclaclr gq _ tcpw gknmpr_lr qrp_rcega gltcqrmp dmp msp amkn_lw, ?lb Rclaclr _ars_jjw mddcpq _ tcpw gknmpr_lr af_llcj dmp sq rm f_tc rfc _aacqq rm _ jmr md j_pec clrcpnpgqc asqrmkcpq _lb emtcplkclrq, ?ars_jjw* bspgle rfc O/ qm d_p* uc f_tc _jpc_bw f_b qctcp_j qgelcb bc_jq dpmk Rclaclr _lb rfc ngncjglc gq ctcl `geecp, ?lb uc qr_prcb umpigle ugrf bgddcpclr rc_kq dpmk Rclaclr, Qm uc cvncar rf_r Rclaclr ugjj pc_jjw fcjn msp `sqglcqq bctcjmn qgelgdga_lrjw gl rfc amkgle dsrspc, Rfc j_qr oscqrgml gq pce_pbgle fmu uc jmmi _r msp `sqglcqq gl rfc jmle rcpk, ?q G kclrgmlcb bspgle rfc a_jj* pgefr lmu* rfc Afglcqc k_picr gq qrgjj gl _ tcpw c_pjw qr_ec amkn_pcb rm S,Q, Rfc nclcrp_rgml p_rc gq tcpw jmu, Rfc k_picr gq fgefjw dp_ekclrcb, Uc ++ _q _ amkn_lw* uc ugjj amlrglsc rm sqc msp _bt_lr_ec md ksjrgnpmbsar uc` qmjsrgml qrp_rcew rm amlrglsc rm cvn_lb glrm lcu glbsqrpgcq rm _aosgpc lcu asqrmkcpq, ?lb _jqm uc ugjj amlrglsc rm jmmi dmp rfc K$? r_pecrq, Rfc amkn_lgcq qsaf _q rfgq APK amkn_lw, Uc%jj amlrglsc rm jmmi dmp* dmp cv_knjc* rfc PN? `sqglcqq* rfc ?G `sqglcqq* rfc ABN `sqglcqq rm amlrglsc rm _bb rm msp npmbsar kgv, Qm rfc K$? ugjj `c _ ++ mlc md rfc icw qrp_rcegcq dmp rfc amkn_lw gl rfc jmle rcpk, ?lb _jqm* rfc glrcpl_rgml_j ++ rfc mtcpqc_q k_picrq* _q G kclrgmlcb bspgle rfc a_jj* msp H_n_l `sqglcqq gq ++ f_q `ccl bmgle pc_jjw* pc_jjw ucjj dmp rfc n_qr 0 wc_pq, ?lb msp H_n_l `sqglcqq ugjj ++ uc cvncar msp H_n_l `sqglcqq ugjj _ars_jjw `c kmpc rf_l bms`jcb rfgq wc_p gl rcpkq md rfc pctclsc, ?lb uc _pc pgefr lmu cvnjmpgle rfc lcu k_picrq gl Qmsrfc_qr ?qg_ _q ucjj, Qm rfc glrcpl_rgml_j cvn_lqgml ugjj _jqm `c mlc md msp icw qrp_rcegcq glrm rfc dsrspc, Qm `w bmgle _jj md rf_r* uc cvncar msp pctclscq* msp epmqq k_pegl _lb _jqm msp `mrrmk jglc ugjj gknpmtc glrm rfc dsrspc mtcp rfc jmle rcpk, ?lb gl 1 mp 3 wc_pq* 1 wc_pq npm`_`jw gq rmm qfmpr md rgkc, Gl 3 rm 6 wc_pq* uc cvncar rfc ++ `w bmgle _jj md rfc rfgleq G hsqr kclrgmlcb* rfc amkn_lw qfmsjb `c _`jc rm f_tc _ k_picr qf_pc md 3# rm /.# md rfc rmr_j k_picr md ajmsb+`_qcb amkkslga_rgml k_picr gl Afgl_, Bgb G kgqq _lw oscqrgml= Tina Hou Rf_li wms, Wcq, Rf_li wms, 0 L?@CHCNCP MNL??N?P?HNM v qqq(l_`chcncp(]ig v =ihn[]n Om ‚,*,+ L_`chcncp( ;ff lcabnm l_m_lp_^( L_jo\fc][ncih il l_^cmnlc\oncih i` L_`chcncp ]ihn_hn& ch]fo^cha \s `l[gcha il mcgcf[l g_[hm& cm jlibc\cn_^ qcnbion nb_ jlcil qlcnn_h ]ihm_hn i` L_`chcncp( !L_`chcncp! [h^ nb_ L_`chcncp fiai [l_ l_acmn_l_^ nl[^_g[lem i` L_`chcncp [h^ cnm [``cfc[n_^ ]igj[hc_m( FILED: NEW YORK COUNTY CLERK 12/03/2021 07:37 PM INDEX NO. 652617/2021 NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 12/03/2021 G;L=B ,0& ,*,+ ) +,4**JG& L;;M(H ' K. ,*,* =fiij_h Alioj Bif^cha Fn^ ?[lhcham =[ff Operator &Mncp_rmp Glqrpsargmlq' Msp lcvr oscqrgml amkcq dpmk Fs_lhg Jg dpmk AGAA, Huanji Li Mi_w, Kw dgpqr oscqrgml gq ml msp 0.0/ esgb_lac _lb ml rfc pctclsc _lb EN k_pegl, ?lb dmp rfc SA$A `sqglcqq* Y`ca_sqc[ n_pr md rfc Ywms q_gb rfc[ mrfcpq ucpc bcj_wcb gl 0.0. bsc rm AMTGB+/7, Qm fmu gq rf_r bcjgtcpw n_ac gl 0.0/= ?lb dmp rfc SA$A asppclr `sqglcqq `ca_sqc wms%pc hsqr j_slafgle j_qr wc_p, Qm amsjb wms qf_pc kmpc _`msr rfc SA$A* rfc asppclr `sqglcqq snb_rc= Rfc qcamlb oscqrgml gq _jqm ml rfc K$? `ca_sqc wms f_tc kmpc K$? nj_l rfgq wc_p _lb `cwmlb, Qm uf_r _pc rfc kcrpgaq rf_r uc r_ic glrm _aamslr ml rf_r= Kw rfgpb oscqrgml gq* `ca_sqc rfc icw qrp_rcew asppclrjw gq rm e_gl kmpc k_picr qf_pc, Qm amsjb wms cj_`mp_rc kmpc _`msr msp nj_lq ml clf_lagle rfc bgqrpg`srgml af_llcj a_n_`gjgrgcq gl bmkcqrga qcamlb rgcp agrgcq= Yipeng Li Mi_w, Dmp rfc dgpqr oscqrgml* dmp msp SA$A `sqglcqq* wcq* sldmprsl_rcjw* qglac kmqr md rfc ajgclrq SA$A `sqglcqq qcptcq msp j_pec clrcpnpgqc asqrmkcpq* qm rfcw ucpc gkn_arcb, Msp SA$A `sqglcqq u_q gkn_arcb `w rfc AMTGB+/7 msr`pc_i rfc kmqr dmp j_qr wc_p, Qm rfc pctclsc gq _ars_jjw dmp SA$A `sqglcqq bcapc_qcb _ jgrrjc `gr, @sr _q rfc gkn_ar dpmk AMTGB+/7 msr`pc_i f_q `ccl bgq_nnc_pgle dmp rfc n_qr qctcp_j kmlrfq* qm uc q_u msp SA$A `sqglcqq f_q `mslacb `_ai tcpw qgelgdga_lrjw, Dmp ++ ucjj* G npm`_`jw a_l%r egtc _ npmhcargml dmp rf_r `sqglcqq mljw dmp rfc dgpqr os_prcp mp dmp rfgq wc_p* `sr uc dsjjw cvncar msp SA$A `sqglcqq ugjj glapc_qc `w _ p_rfcp qgelgdga_lr ncpaclr_ec dmp rfgq wc_p, Gl rcpkq md uf_r iglb md `sqglcqq qcekclrq uc glajsbcb gl msp SA$A `sqglcqq* pgefr lmu* rfc dgpqr mlc gq rfc ++ uc mddcp _ qgkgj_p npmbsar rm BgleR_ji md ?jg`_`_ mp rfc UcAf_r dpmk Rclaclr* `sr ml _ npgt_rc ajmsb+`_qcb* r_gjmp+k_bc qmjsrgml rm j_pec clrcpnpgqc asqrmkcpq* cqncag_jjw QMCq, Qm uc _pc lmr amkncrgle ugrf Rclaclr _lb ?jg`_`_ `sr uc bm rfgleq bgddcpclrjw, ?ars_jjw* rfcpc _pc epc_r k_picr nmrclrg_j gl rfgq qcarmp, ?lb _lmrfcp rfgle uc bm dmp msp SA$A `sqglcqq gq msp AT `sqglcqq* msp Amknsrcp Tgqgml `sqglcqq, Msp Amknsrcp Tgqgml `sqglcqq* uc _ars_jjw mljw qr_prcb rfmqc dpmk rfc qcamlb f_jd md j_qr wc_p* `sr rfgq `sqglcqq f_q `ccl glapc_qgle pc_jjw* pc_jjw d_qr, ?ars_jjw* ufcl G kclrgmlcb Rclaclr f_q _ epc_r q_jcq af_llcj dmp msp amkn_lw* AT _ars_jjw ++ msp AT rc_k f_q qctcp_j npmhcarq ++ qctcp_j amlrp_arq qgelcb dpmk Rclaclr Afgl_ _q ucjj, Qm Rclaclr _ars_jjw a_l fcjn msp AT `sqglcqq tcpw epc_rjw _q ucjj, Wmsp ucpc ++ G%k qmppw* G bgbl%r iglb md pckck`cp wmsp qcamlb oscqrgml, Wmsp qcamlb oscqrgml gq ++ a_l wms pcnc_r rf_r qcamlb oscqrgml _e_gl= Huanji Li Wcq, Ml rfc K$? nj_l rfgq wc_p _lb `cwmlb* uf_r _pc rfc kcrpgaq rf_r uc r_ic glrm _aamslr ml rf_r= Uf_r _pc rfc kc_qspckclrq uc cvncar gl _l K$? r_pecr= Yipeng Li Wms kc_l dmp rfc _aosgqgrgml md msp ++ rfc APK amkn_lw= 1 L?@CHCNCP MNL??N?P?HNM v qqq(l_`chcncp(]ig v =ihn[]n Om ‚,*,+ L_`chcncp( ;ff lcabnm l_m_lp_^( L_jo\fc][ncih il l_^cmnlc\oncih i` L_`chcncp ]ihn_hn& ch]fo^cha \s `l[gcha il mcgcf[l g_[hm& cm jlibc\cn_^ qcnbion nb_ jlcil qlcnn_h ]ihm_hn i` L_`chcncp( !L_`chcncp! [h^ nb_ L_`chcncp fiai [l_ l_acmn_l_^ nl[^_g[lem i` L_`chcncp [h^ cnm [``cfc[n_^ ]igj[hc_m( FILED: NEW YORK COUNTY CLERK 12/03/2021 07:37 PM INDEX NO. 652617/2021 NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 12/03/2021 G;L=B ,0& ,*,+ ) +,4**JG& L;;M(H ' K. ,*,* =fiij_h Alioj Bif^cha Fn^ ?[lhcham =[ff Huanji Li Mp gl dsrspc* jgic ufcl uc qcjcar rfc K$? r_pecr= Yipeng Li Mi_w, Mi_w, G qcc, Wcq, Ufcl uc jmmi _r msp nmrclrg_j K$? r_pecrq* uc _ars_jjw jmmi _r gr dpmk 0 u_wq, Mlc gq rm _bb rfc npmbsarq* rm _bb kmpc lcu dc_rspcq rm msp npmbsar kgv, Uc u_lr rm cvn_lb msp npmbsar mddcpgleq, Rfgq APK amkn_lw gq _ epc_r cv_knjc md rfgq qrp_rcew, Uc u_lr rm _bb APK rm msp asppclr npmbsar mddcpgleq, ?lb _jqm* glrm rfc dsrspc* uc k_w _bb kmpc bgddcpclr npmbsar dc_rspcq rm msp npmbsar mddcpgleq _q ucjj, ?lb _lmrfcp u_w ufcl uc jmmi _r msp nmrclrg_j K$? gq rm bm qmkc iglb md rfc glbsqrpw amlqmjgb_rgml, Rf_r u_w* uc a_l _bb rfcgp asqrmkcp `_qc rm msp asppclr asqrmkcp `_qc, ?lb _jqm* uc a_l _bb _ p_rfcp qgelgdga_lr _kmslr md pctclsc rm msp rmr_j mncp_rgmlq rm dsprfcp ugbcl rfc e_n `cruccl sq _lb mrfcp amkncrgrmpq, Qglac uc _pc rfc mljw mlc gl Afgl_ rf_r a_l mddcp rfgq ksjrgnpmbsar* mlc+qmjsrgml qrp_rcew* uc u_lr rm r_ic rfgq _bt_lr_ec, ?lb _jqm `w `cgle _ ns`jga amkn_lw lmu* uc u_lr rm sqc rfc nmucp dpmk rfc a_ngr_j k_picrq rm bm kmpc amlqmjgb_rgml gl msp k_picrq _q ucjj, ?lb wmsp rfgpb oscqrgml gq= Wcq, Wcq* G pckck`cp* pce_pbgle rfc cvn_lqgml glrm jmucp+rgcp agrgcq= Wcq* uc _ars_jjw mnclcb qctcp_j lcu ++ uc hsqr mnclcb qctcp_j lcu _ars_jjw mddgacq gl * gl rfmqc agrgcq gl _bbgrgml rm kmpc rf_l /. mp /0 q_jcq pcn mddgacq uc _jpc_bw f_b gl jmucp+rgcp agrgcq, Qm uc ugjj amlrglsc rm cvn_lb glrm jmucp+rgcp agrgcq, Uc qcc epc_r bck_lb* epc_r k_picr nmrclrg_j gl jmucp+rgcp agrgcq* cqncag_jjw dmp k_lw* k_lw QKCq ufm _pc gl rfc jmucp+rgcp agrgcq rf_r pgefr lmu k_w lmr f_tc rfgq iglb md qmjsrgml _t_gj_`jc rm rfck, ?lb _jqm* qnc_igle md msp cvn_lqgml rm jmucp+rgcp agrgcq* G rfgli* _r rfc q_kc rgkc* uc ugjj cvn_lb rm bm kmpc af_llcj q_jcq _q ucjj, Pgefr lmu* kmqr md msp q_jcq _pc bgpcar q_jcq, @sr _q uc cvn_lb glrm jmucp+rgcp agrgcq* uc k_w bm kmpc af_llcj q_jcq gl rfgq wc_p amkn_pcb rm j_qr wc_p, Operator ?lb j_bgcq _lb eclrjckcl* qfmugle lm dsprfcp oscqrgmlq* rfgq ugjj amlajsbc msp oscqrgml+_lb+_lqucp qcqqgml, ?r rfgq rgkc* G%b jgic rm rspl rfc amldcpclac a_jj `_ai mtcp rm YCj_glc[ dpmk Gltcqrmp Pcj_rgmlq dmp ajmqgle pck_piq, Unidentified Company Representative Mlac _e_gl* rf_li wms* ctcpwmlc* dmp hmglgle rmb_w%q a_jj, Uc jmmi dmpu_pb rm qnc_igle ugrf wms _e_gl qmml, Emmb b_w _lb emmb lgefr, Operator ?lb j_bgcq _lb eclrjckcl* rfgq bmcq amlajsbc rmb_w%q amldcpclac a_jj, Wms k_w lmu bgqamllcar wmsp jglcq, Uc rf_li wms dmp _rrclbgle, DISCLAIMER Pcdglgrgt pcqcptcq rfc pgefr rm k_ic af_lecq rm bmaskclrq* amlrclr* mp mrfcp gldmpk_rgml ml rfgq uc` qgrc ugrfmsr m`jge_rgml rm lmrgdw _lw ncpqml md qsaf af_lecq, Gl rfc amldcpclac a_jjq snml ufgaf Ctclr Rp_lqapgnrq _pc `_qcb* amkn_lgcq k_w k_ic npmhcargmlq mp mrfcp dmpu_pb+jmmigle qr_rckclrq pce_pbgle _ t_pgcrw md grckq, Qsaf dmpu_pb+jmmigle qr_rckclrq _pc `_qcb snml asppclr cvncar_rgmlq _lb gltmjtc pgqiq _lb slacpr_glrgcq, ?ars_j pcqsjrq k_w bgddcp k_rcpg_jjw dpmk rfmqc qr_rcb gl _lw dmpu_pb+jmmigle qr_rckclr `_qcb ml _ lsk`cp md gknmpr_lr d_armpq _lb pgqiq* ufgaf _pc kmpc qncagdga_jjw gbclrgdgcb gl rfc amkn_lgcq% kmqr pcaclr QCA dgjgleq, ?jrfmsef rfc amkn_lgcq k_w glbga_rc _lb `cjgctc rf_r rfc _qqsknrgmlq slbcpjwgle rfc dmpu_pb+jmmigle qr_rckclrq _pc pc_qml_`jc* _lw md rfc _qqsknrgmlq amsjb npmtc gl_aasp_rc mp glamppcar _lb* rfcpcdmpc* rfcpc a_l `c lm _qqsp_lac rf_r rfc pcqsjrq amlrcknj_rcb gl rfc dmpu_pb+jmmigle qr_rckclrq ugjj `c pc_jgxcb, RFC GLDMPK?RGML AMLR?GLCB GL CTCLR RP?LQAPGNRQ GQ ? RCVRS?J PCNPCQCLR?RGML MD RFC ?NNJGA?@JC AMKN?LW%Q AMLDCPCLAC A?JJ ?LB UFGJC CDDMPRQ ?PC K?BC RM NPMTGBC ?L ?AASP?RC RP?LQAPGNRGML* RFCPC K?W @C K?RCPG?J CPPMPQ* MKGQQGMLQ* MP GL?AASP?AGCQ GL RFC PCNMPRGLE MD RFC QS@QR?LAC MD RFC AMLDCPCLAC A?JJQ, GL LM U?W BMCQ PCDGLGRGT MP RFC ?NNJGA?@JC AMKN?LW ?QQSKC ?LW PCQNMLQG@GJGRW DMP ?LW GLTCQRKCLR MP MRFCP BCAGQGMLQ K?BC @?QCB SNML RFC GLDMPK?RGML NPMTGBCB ML RFGQ UC@ QGRC MP GL ?LW CTCLR RP?LQAPGNR, SQCPQ ?PC ?BTGQCB RM PCTGCU RFC ?NNJGA?@JC AMKN?LW%Q AMLDCPCLAC A?JJ GRQCJD ?LB RFC ?NNJGA?@JC AMKN?LW%Q QCA DGJGLEQ @CDMPC K?IGLE ?LW GLTCQRKCLR MP MRFCP BCAGQGMLQ, †0.0/* Pcdglgrgt, ?jj Pgefrq Pcqcptcb, 14633050-2021-03-27T05:19:38.100 2 L?@CHCNCP MNL??N?P?HNM v qqq(l_`chcncp(]ig v =ihn[]n Om ‚,*,+ L_`chcncp( ;ff lcabnm l_m_lp_^( L_jo\fc][ncih il l_^cmnlc\oncih i` L_`chcncp ]ihn_hn& ch]fo^cha \s `l[gcha il mcgcf[l g_[hm& cm jlibc\cn_^ qcnbion nb_ jlcil qlcnn_h ]ihm_hn i` L_`chcncp( !L_`chcncp! [h^ nb_ L_`chcncp fiai [l_ l_acmn_l_^ nl[^_g[lem i` L_`chcncp [h^ cnm [``cfc[n_^ ]igj[hc_m(