v3.26.3
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

 

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S- K, we are providing the following information about the relationship of “compensation actually paid” (“CAP”) to our principal executive officer (“PEO”) and other named executive officers (“Non-PEO NEOS”) and our performance.

 

Pay Versus Performance Table

 

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Customer Protection Act, and item 402(v) of Regulation S-K promulgated under the Exchange Act, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of the Company.

 

For purposes of the tables below, the principal executive officer (“PEO”) and non-PEO named executive officers for 2025, 2024 and 2023 are the following:

 

Year   PEO   Non-PEO named executive officers
2025   Hu Li   Ming Yi, Peng Lei and Ting Ouyang
2024   Shanchun Huang, Hu Li   Ming Yi, Peng Lei
2023   Shanchun Huang   Ming Yi, Yongke Xue, Peng Lei

 

    SCT Total for PEO #1 (Shanchun Huang) (1)     CAP to
PEO #1 (2)		     SCT
Total for
PEO #2
(Hu Li) (3)		     CAP to
PEO #2 (4)		     Avg Summary Compensation Table for Non-PEO NEOs (5)     Avg Compensation Actually Paid to Non-PEO NEOs (6)     Value of Initial
Fixed $100 Investment Based On Total Shareholder Return (7)		     Net Income (Loss) (8)  
Year   ($)     ($)     ($)     ($)     ($)     ($)     ($)     ($)  
(a)   (b1)     (c1)     (b1)     (c2)     (d)     (e)     (f)     (g)  
2023     248,001       248,001       -       -       49,924       49,924       (3.76 )     (34,124,499 )
2024     90,740       90,740       49,389       49,389       48,967       48,967       (83.43 )     (32,995,434 )
2025                     91,254       91,254       32,707       32,707       (75.32 )     (3,341,365 )

 

(1) The dollar amounts reported in column (b1) represent the amounts of total compensation reported for PEO #1 (Mr. Shanchun Huang) for each corresponding year in the “Total” column of the Summary Compensation Table.

 

(2) The dollar amounts reported in column (c1) represent the amount of “compensation actually paid” to PEO #1 (Mr. Shanchun Huang), as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to the PEO’s total compensation for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.

 

(3) The dollar amounts reported in column (b2) represent the amounts of total compensation reported for PEO #2 (Mr. Hu Li) for each corresponding year in the “Total” column of the Summary Compensation Table.

 

(4) The dollar amounts reported in column (c2) represent the amount of “compensation actually paid” to PEO #2 (Mr. Hu Li), as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to the PEO’s total compensation for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.

 

(5) The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s non-PEO named executive officers as a group in the “Total” column of the Summary Compensation Table in each applicable year.

 

(6) The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the non-PEO named executive officers as a group, as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to average total compensation for the non-PEO named executive officers as a group for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.

 

(7) Cumulative total shareholder return (“TSR”) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.

 

(8) The dollar amounts reported represent the amount of net loss reflected in the Company’s audited financial statements for the applicable year.
   
Non-PEO NEO Average Total Compensation Amount [1] $ 32,707 $ 48,967 $ 49,924
Non-PEO NEO Average Compensation Actually Paid Amount [2] $ 32,707 48,967 49,924
Compensation Actually Paid vs. Total Shareholder Return

 

    
Compensation Actually Paid vs. Net Income

 

    
Compensation Actually Paid vs. Company Selected Measure

 

    
Total Shareholder Return Amount [3] $ (75.32) (83.43) (3.76)
Net Income (Loss) [4] $ (3,341,365) $ (32,995,434) $ (34,124,499)
PEO Name Hu Li Shanchun Huang, Hu Li Shanchun Huang
Shanchun Huang [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount [5] $ 90,740 $ 248,001
PEO Actually Paid Compensation Amount [6] 90,740 248,001
Hu Li [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount [7] 91,254 49,389
PEO Actually Paid Compensation Amount [8] $ 91,254 $ 49,389
[1] The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s non-PEO named executive officers as a group in the “Total” column of the Summary Compensation Table in each applicable year.
[2] The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the non-PEO named executive officers as a group, as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to average total compensation for the non-PEO named executive officers as a group for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.
[3] Cumulative total shareholder return (“TSR”) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.
[4] The dollar amounts reported represent the amount of net loss reflected in the Company’s audited financial statements for the applicable year.
[5] The dollar amounts reported in column (b1) represent the amounts of total compensation reported for PEO #1 (Mr. Shanchun Huang) for each corresponding year in the “Total” column of the Summary Compensation Table.
[6] The dollar amounts reported in column (c1) represent the amount of “compensation actually paid” to PEO #1 (Mr. Shanchun Huang), as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to the PEO’s total compensation for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.
[7] The dollar amounts reported in column (b2) represent the amounts of total compensation reported for PEO #2 (Mr. Hu Li) for each corresponding year in the “Total” column of the Summary Compensation Table.
[8] The dollar amounts reported in column (c2) represent the amount of “compensation actually paid” to PEO #2 (Mr. Hu Li), as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to the PEO’s total compensation for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.