in China are limited. If the chops of our PRC subsidiary, the VIE and the VIEs subsidiary are not kept safely, are stolen or are used by unauthorized persons or for unauthorized purposes, the corporate governance of these entities could be severely and adversely compromised. Form F-1 Registration Statement and reading the risk factors. I like how the F-1 provided a specific date, but only cited certain rumors. Google search uncovers the details. While the F-1 does not discuss the nature of the rumors, but a quick. Not just underinsured, but uninsured. I was looking through Weibo Corporations. According to the detailed explanation, foreign and domestic companies operating in China are required to seek approval from the Office of the State for Cipher Code Administration, the Chinese encryption regulatory authority, for the commercial encryption products they use. Perhaps a uniquely Chinese problem. We may have to register our encryption software with Chinese regulatory authorities, and if they request that we change our encryption software, our business operations could be disrupted as we develop or license replacement software. Is this a polite way of saying that its users are submitting false or incomplete information? The F-1 also includes an opaque reference to an incident that affected the company. I bet the NSA wishes that American companies could only use NSA-approved encryption products. Sounds more like a confession than a disclosure of risk factors. Theft or misuse of a company chop? Any business disruption, litigation or natural disaster may cause us to incur substantial costs and divert our resources. We do not have any business liability or disruption insurance coverage for our operations. We have limited business insurance coverage.