Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 501

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 9
Chunk 501
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, or vacated.

Board
Diversity

The
Board reviews, on an annual basis, the appropriate characteristics, skills and experience required for the Board as a whole and its individual
members. In evaluating the suitability of individual candidates (both new candidates and current members), the Board, in approving (and,
in the case of vacancies, appointing) such candidates, will take into account many factors, including the following:

    ●
    personal
    and professional integrity;

    ●
    ethics
    and values;

    ●
    experience
    in the industries in which we compete;

    ●
    experience
    as a director or executive officer of another publicly held company;

    ●
    diversity
    of expertise and experience in substantive matters pertaining to our business relative to other board members;

    ●
    conflicts
    of interest; and

    ●
    practical
    business judgment.

Family
Relationships

There
are no family relationships among our executive officers or members of our board of directors.

Significant
Employees

While
the Company has engaged various consultants, other than management, we currently have no significant employees.

The
Company currently has no compensation plans or arrangements.

ITEM
11. EXECUTIVE COMPENSATION

The
following information is related to the compensation paid, distributed, or accrued by us for the fiscal years ended September 30, 2024,
and September 30, 2023, to our Chief Executive Officer (principal executive officer) during the last fiscal year and the two other most
highly compensated executive officers serving as of the end of the last fiscal year whose compensation exceeded $100,000 (the “Named
Executive Officers”):

For
the last two fiscal years ended September 30, 2024, and 2023, the Company has not paid any compensation to its executive officers.

-22-

Named
Executive Officer Employment Agreements

None.

Termination
Provisions

As
of the date of this Annual Report, we have no contract, agreement, plan, or arrangement, whether written or unwritten, that provides
for payments to a Named Executive Officer at, following, or in connection with any termination, including without limitation resignation,
severance, retirement or a constructive termination of a Named Executive Officer, or a change in control of the Company or a change in
the Named Executive Officer’s responsibilities, with respect to each Named Executive Officer.

Outstanding
Equity Awards at Fiscal Year End

As
of September