Content analysis
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H.S. freshman Avg
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New words:
began, CFO, committee, desire, discretionary, fill, hereinafter, Island, matter, notice, probationary, resign, resignation, salary, tendered, vacancy, written, Yaobin
Removed:
addition, approval, broaden, collectively, complying, contrast, convertible, develop, distributable, eliminate, fluctuate, forecasted, governing, governmental, Hedging, impact, Kwok, Leung, limit, obtain, office, onshore, Paul, planning, procedural, public, reached, Renminbi, require, reserve, restrict, RMB, SAFE, secure, smaller, structure, sufficient, twelve
Financial report summary
?Management Discussion
- Listing fee revenue is calculated based on a percentage of the listing value and transaction value of artworks.
- Listing value is the total offering price of an artwork when the ownership units are initially listed on our trading platform. We utilize an appraised value as a basis to determine the appropriate listing value for each artwork, or portfolio of artworks.
- For non-VIP Traders, the commission revenue was calculated based on a percentage of transaction value of artworks, which we charge trading commissions for the purchase and sale of the ownership shares of the artworks. The commission is typically 5% of the total amount of each transaction. The commission is accounted for as revenue and immediately deducted from the proceeds from the sales of artwork units when a transaction is completed.