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The Company has not skilled any losses in such accounts and believes it’s not uncovered to any vital risks on its money in bank accounts. The Company’s monetary statements are prepared in accordance with accounting principles generally accepted within the United States of America (“US GAAP”). During fiscal years 2019 and 2020, no members of our Board of Directors received compensation of their capacity as administrators. ● the restrictions Delaware and different relevant legal guidelines and our credit arrangements then impose. Jun Du, age forty two, will serve as our Chief Operation Officer starting from February 1, 202 During fiscal years 2019 and 2020, none of our officers received compensation in their capability as officers.
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Our contractual preparations may not be as efficient in providing control over Hengshui Jingzhen as direct ownership. Under such legislation, dispatched employees are entitled to pay equal to that of full-time staff for equal work, but the variety of dispatched employees that an employer hires may not exceed a certain proportion of its complete number of staff as determined by the Ministry of Human Resources and law firm citizenship by investment Social Security. According to the Interim Provisions on Labor Dispatch promulgated by the Ministry of Human Resources and Social Security on January 24, 2014, which turned effective on March 1, 2014, the number of dispatched workers employed by an employer shall not exceed 10% of the entire number of its employees The PRC authorities exerts substantial influence over the way in which we should conduct our business actions. On December 28, 2012, the PRC Labor Contract Law was amended with effect on July 1, 2013 to impose extra stringent necessities on labor dispatch. Additionally, dispatched employees are only permitted to interact in momentary, auxiliary or substitute work.
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