Company: JSKJ
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001477932-25-008401
Chunk: 126

Company: Jiansu (Shanghai) Information Technology Co., Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 126
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Following the identification of the material weakness, we have taken measures and plan to continue to take measures to remediate the material weakness.

We intend to implement and further develop, a comprehensive set of U.S. GAAP accounting policies and financial reporting procedures, along with related internal control policies. This includes the establishment of a detailed accounting manual to guide day-to-day accounting operations and reporting processes. Instead of hiring staff in our finance and accounting department, we have engaged a third-party consultant with knowledge of U.S. GAAP and SEC regulations for accounting services.

To enhance our financial reporting capabilities,

| 1) | We intend to establish a formal and regular training program for accounting personnel to equip them with sufficient knowledge and practical experience of preparing financial statements under U.S. GAAP and SEC reporting requirements, including mandatory requirements for accounting staff to attend U.S. GAAP course programs offered by third-party organization or accounting firm on a periodic basis; and |
| 2) | We intend to enhance the communications between accounting personal and financial reporting team, including mandatory requirement for financial reporting team to review the accounting team’s work and work papers on a periodic basis.                                                                                                                                                                           |

However, the implementation of these measures may not fully address the material weakness in our internal control over financial reporting. Our failure to remediate the material weakness or our failure to discover and address any other material weakness could result in inaccuracies in our consolidated financial statements and impair our ability to comply with applicable financial reporting requirements and related regulatory filings on a timely basis. Moreover, ineffective internal control over financial reporting could significantly hinder our ability to prevent fraud.

Upon completion of this offering, we will become a public company in the United States subject to the Sarbanes-Oxley Act of 2002. Section 404 of the Sarbanes-Oxley Act of 2002, or Section 404, will require that we include a report from management on the effectiveness of our internal control over financial reporting in our annual report on Form 20-F beginning with our annual report for the fiscal year ending June 30, 2025. In addition, once we cease to be an “emerging growth company” as such term is defined in the JOBS Act, our independent registered public accounting firm must attest to and report on the effectiveness of our internal control over financial reporting. Our management may conclude that our internal control over financial reporting is not effective. Moreover, even if our management concludes that our internal control over financial reporting is effective, our independent registered public accounting firm, after conducting its own